23:28:38 EDT Fri 10 May 2024
Enter Symbol
or Name
USA
CA



Avrupa Minerals Ltd
Symbol AVU
Shares Issued 93,793,797
Close 2018-09-25 C$ 0.055
Market Cap C$ 5,158,659
Recent Sedar Documents

Avrupa Minerals drills 86.3 m of 0.16% Cu at Alvito

2018-09-25 11:00 ET - News Release

Mr. Paul Kuhn reports

AVRUPA MINERALS REPORTS POSITIVE DRILLING RESULTS FROM ENTRE MATINHAS TARGET ON THE ALVITO IOCG PROJECT, PORTUGAL

Avrupa Minerals Ltd. has released final results from the recently completed first-pass exploration drill project at the Alvito iron oxide/copper/gold (IOCG) project in south Portugal. The program totalled 2,437.5 metres of diamond drilling from 18 holes in eight separate target areas around the Alvito licence. All project work has been financed by Oz Minerals, which is spending $1-million (Australian) on exploration to earn in to 51 per cent of the 300-square-kilometre project. Avrupa is the operator of the program.

Anomalous copper results from all sampling are reported in the attached table. The company sampled several holes in their entirety, but most sampling covered only areas of continuous, visible mineralization and alteration in the drill holes. Several holes were not sampled in this phase of the program.

The best overall consistent results came from the Entre Matinhas target area, where copper values in six of eight holes came in at 0.1 per cent and greater over intervals of 1.5 metres to 86 metres. Highest-grade intervals included:

  • 86.3 metres of 0.16 per cent copper, including 9.8 metres of 0.41 per cent copper, in EMS001;
  • 21.4 metres of 0.1 per cent copper in EMS002;
  • 2.55 metres of 0.91 per cent copper in EMS003;
  • 44.65 metres of 0.21 per cent copper, including 7.1 metres of 1 per cent copper in EMS005;
  • 5.25 metres of 0.31 per cent copper in EMS006;
  • 4.45 metres of 0.46 per cent copper in EMS008.

Anomalous intervals in other target areas include:

  • 4.7 metres of 0.13 per cent copper in EAM001;
  • 7.8 metres of 0.11 per cent copper in EAM002;
  • 10 metres of 0.11 per cent copper in OUT001.

Mineralization style and alteration patterns at Entre Matinhas fit into the general characteristics and parameters for IOCG deposits. This first-pass drilling program covered only a limited area at shallow depths over 300 square kilometres, yet results clearly demonstrate real, close-to-surface potential for IOCG mineralization in a well-defined, easily prospectable target area. Further IOCG-style mineralization and alteration are present in the Manisela target area, located north of Entre Matinhas, and at Entre as Matas, located northeast of Entre Matinhas. First-pass geological mapping and ground geophysics suggest that the area to the west of Entre Matinhas and Manisela may also host IOCG possibilities in the Vale da Rata, Nogueira, Vale Nogueira and 1440 target areas. The total area of the resulting, preferred IOCG target interest is approximately 20 square kilometres.

          SIGNIFICANT COPPER RESULTS FROM THE ALVITO DRILLING PROGRAM

Hole ID              Area                       Intercept      From       To      Cu 
                                                       (m)       (m)      (m)     (%)

EMS001     Entre Matinhas                            86.3     14.15   100.45    0.16  
                                    Including         9.8     30.65    40.45    0.41  
                                    Including       32.55     57.75     90.3    0.24  
EMS002     Entre Matinhas                             4.9     11.45    16.35    0.11  
                                          And        10.4      37.1     47.5     0.1   
                                          And        36.8     102.1    138.9    0.08  
                                    Including        21.4     117.5    138.9     0.1   
                                    Including         7.1     117.5    124.6    0.11  
                                    Including         8.1     130.8    138.9    0.15  
EMS003     Entre Matinhas                           32.85     10.85     43.7     0.1   
                                    Including        2.55     17.55     20.1    0.91  
EMS004     Entre Matinhas    Limited sampling                         
EMS005     Entre Matinhas                           44.65      38.4    83.05    0.21  
                                    Including         7.1     39.05    46.15     1.0   
                                    Including        9.95     63.35     73.3    0.14  
EMS006     Entre Matinhas                           72.75     17.85     90.6    0.06  
                                    Including         1.5     17.85    19.35    0.18  
                                    Including        4.65     33.65     38.3     0.1   
                                    Including        5.25     48.15     53.4    0.31  
EMS007     Entre Matinhas         Not sampled                              
EMS008     Entre Matinhas                           63.55     40.65    104.2    0.07  
                                    Including        8.95     95.25    104.2    0.25  
                                    Including        4.45     98.25    102.7    0.46  
EAM001     Entre as Matas                           13.45     41.85     55.3    0.07  
                                    Including         4.7     41.85    46.55    0.13  
EAM002     Entre as Matas                              24        32       56    0.05  
                                    Including         7.8      33.2       41    0.11  
OUT001            Outeiro    Limited sampling          10       109      119    0.11  
OUT002            Outeiro    Limited sampling                         
MAN001           Manisela    Limited sampling         7.9     59.55    67.45    0.05  
CDM001     Cova das Minas         Not sampled                              
CDM002     Cova das Minas         Not sampled                              
MAT001               Mata    Limited sampling                         
MNR001         Monte Novo 
               de Ribeiro         Not sampled                              
NOG001           Nogueira         Not sampled     

Paul W. Kuhn, president and chief executive officer of Avrupa Minerals, stated: "We are excited that the initial work shows significant IOCG mineralization potential in a select and specific target area on the Alvito project. Our work around the property indicates that there are more target areas of interest; however, we have made an excellent start by defining the general Entre Matinhas target as the first priority for further exploration."

Avrupa Minerals is a growth-oriented junior exploration and development company focused on discovery, using a prospect generator model, of valuable mineral deposits in politically stable and prospective regions of Europe, including Portugal, Kosovo and Germany.

The company currently holds eight exploration licences in three European countries, including five in Portugal covering 2,911 square kilometres, two in Kosovo covering 47 square kilometres and one in Germany covering 307 square kilometres. Avrupa now has six active option and joint ventures -- five in Portugal and one in Kosovo.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.