22:55:09 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Avrupa Minerals Ltd
Symbol AVU
Shares Issued 69,306,797
Close 2016-07-22 C$ 0.15
Market Cap C$ 10,396,020
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Lundin refreshes Avrupa buy

2016-07-22 21:52 ET - In the News

Brien Lundin, in the July, 2016, edition of the Gold Newsletter, refreshes his buy of Avrupa Minerals Ltd., recently 11 cents. Mr. Lundin said buy Avrupa nine times from May, 2011, to June, 2016, at prices ranging from nine cents to 47 cents. A $1,000 investment for each of the nine buys is now worth $6,287. Avrupa is a "prospect generator" that focuses on Europe. It has joint venture agreements on its Alvalade copper project in Portugal, its Covas tungsten project in Portugal and its Slivovo gold project in Kosovo, and is seeking joint venturers for three of its other properties in Portugal, namely Alvito, Marateca and Mertola. At Alvito, the main target is an iron oxide copper gold prospect called Alcacovas, which so far spans two kilometres by four kilometres. At Marateca, there are 12 copper- and zinc-bearing targets. As for Mertola, it is the least explored of Avrupa's Portuguese projects, which means it could offer the most potential. Mr. Lundin is optimistic that Avrupa will be able to attract joint venturers to these properties. He is also pleased that the company's proposed $1-million financing was recently increased to $1.3-million, indicating healthy investor demand. The stock is a strong buy at current levels.

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