02:13:49 EDT Thu 23 Jul 2026
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Avrupa Minerals Ltd (2)
Symbol AVU
Shares Issued 86,274,754
Close 2026-07-22 C$ 0.04
Market Cap C$ 3,450,990
Recent Sedar+ Documents

Avrupa files NI 43-101 technical report for Sesmarias

2026-07-22 20:59 ET - News Release

Mr. Paul Kuhn reports

AVRUPA MINERALS FILES NI 43-101 TECHNICAL REPORT FOR INITIAL MINERAL RESOURCE ESTIMATE FOR THE SESMARIAS COPPER-ZINC PROJECT, PORTUGAL

Avrupa Minerals Ltd. has submitted to SEDAR+ the full National Instrument 43-101 technical report covering the initial mineral resource estimate (MRE) for the Sesmarias copper-zinc VMS (volcanogenic massive sulphide) project, located in the northern portion of the Iberian pyrite belt (IPB) in Portugal. The full report may be accessed on SEDAR+.

Avrupa Minerals announced the completion of an initial MRE for the Sesmarias VMS deposit on June 3, 2026.

Paul W. Kuhn, president and chief executive officer of Avrupa Minerals, reiterated: "The company is pleased to have achieved the milestone of completing the initial mineral resource estimate for the Sesmarias deposit. We are now looking forward to engaging a suitable mining company partner in an earn-in joint venture to help advance the project through all the necessary steps."

Avrupa outlined the next steps for the project in the recent June 3 news release. These include partnering, permitting, drilling to potentially expand the massive sulfide mineralization with the goal of doubling the deposit size, completing environmental studies and social licensing activities, followed by consideration of possible mining options.

Table 1 outlines the Sesmarias MRE statement.

SLR reported the Sesmarias MRE using a cut-off grade of 4.0 per cent zinc equivalent (ZnEq) in the preceding mineral resource statement. Technical and economic parameters used in the MRE cut-off grade calculation are at a preliminary stage of evaluation, and include long-term zinc price, royalties to the Portuguese government, operating costs, selling costs, zinc recovery and zinc payability. Changes in some of these factors, including long-term metal prices, operating and selling costs, and metal recoveries, may materially affect the MRE. While Avrupa has completed only basic metallurgical testing on the Sesmarias mineralization, the recovery characteristics are within the range of early-stage results typical for polymetallic massive sulphide ores from the IPB. Further testing is necessary to upgrade the understanding of the deposit metallurgical characteristics.

Importantly, SLR also produced table 2 to demonstrate the sensitivity of grade and tonnage to lower reporting cut-off grades, and is only intended to provide additional context and should not be considered mineral resources.

Mr. Kuhn further commented that the company is excited about the future potential of the project, particularly about the large number of quality drill targets that could lead to discovery of further massive sulphide mineralization at Sesmarias.

About Avrupa Minerals Ltd.

Avrupa is a growth-oriented junior exploration and development company directed to discovery of valuable mineral deposits, using a hybrid project generator business model. Avrupa is actively advancing seven copper-zinc VMS targets and one orogenic gold prospect in central Finland through its partnership with Akkerman Exploration B.V. in the Finnish exploration company, Akkerman Finland Oy. Avrupa holds one 100-per-cent-owned project in Portugal, the Alvalade VMS project, and has submitted an application for a mining licence covering the Sesmarias Cu/Zn (copper/zinc) massive sulfide showing within the project area. The company holds one 49-per-cent-owned exploration licence covering the Slivova gold project in Kosovo, optioned to Western Tethyan Resources. Avrupa continues to focus its project generation work in politically stable and prospective regions of Europe, and looks to develop new opportunities around the general Mediterranean basin. The company is actively seeking new JV (joint venture) partnerships for its projects in Finland and Portugal.

This news release was prepared by company management, who take full responsibility for its content. Mr. Kuhn, a licensed professional geologist and a registered member of the Society of Mining Engineers, is a qualified person (QP) as defined by National Instrument 43-101 of the Canadian Securities Administrators. He has reviewed the technical disclosure in this news release. Mr. Kuhn, the QP, has not only reviewed, but prepared and supervised the preparation or approval of, the scientific and technical content in the news release.

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