Mr. Paul Kuhn reports
AVRUPA CONTINUES TO INTERSECT GOLD MINERALIZATION AT SLIVOVO, KOSOVO
Avrupa Minerals Ltd. has released further results from drilling from the Peshter gossan target zone at the Slivovo project. The project is operated by Avrupa, and financed by partner Byrnecut International Ltd. (BIL). BIL has completed 51-per-cent earn-in requirements by spending one million euros for exploration on the Slivovo licence.
- SLV025 intercepts 24 metres of 11.59 grams per tonne gold and 10.32 grams per tonne silver;
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SLV026 intercepts 31 metres of 3.92 grams per tonne gold and 9.19 grams per tonne silver;
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SLV027 intercepts 97 metres of 7.94 grams per tonne gold and 17.03 grams per tonne silver;
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Results from Gossan extension zone indicate new potential;
-
Drilling related to phase 3 earn-in nears completion.
The company has now completed 44 holes on the Slivovo licence, totalling 4,927 metres in all phases of drilling since the fourth quarter of 2014. The drilling in the present phase of the exploration program will finish with the completion of two more drill holes, totalling about 100 metres.
Results for diamond drill holes SLV020 through SLV027 are now available. In this reporting group, the results of the three holes drilled in the main Peshter gossan zone demonstrate the continuity of gold mineralization. SLV025 and SLV026 were drilled at the eastern end of the known Peshter zone. SLV027 was drilled between, and parallel to, SLV004 and SLV014.
The attached tables show the results for the Peshter gossan zone.
Gold mineralization is mostly hosted in folded silicified, decalcified, dolomitized pebble conglomerate sedimentary beds or other medium-to-coarse-grained sediments. Gold is spatially associated with a variety of sulphide minerals, but appears to be mostly inserted into the system during a late alteration phase of dolomitization (magnesium-rich carbonate), as microscopic-sized to visible-to-the-naked-eye grains of gold metal.
RESULTS FOR SLV025
(includes 24 m of 11.59 g/t Au and 10.32 g/t Ag)
From To Interval Gold Silver
(m) (m) (m) (g/t) (g/t)
2.00 4.00 2 0.98 7.55
And
78.00 102.00 24 11.59 10.32
Including
78.00 99 21 13.18 11.11
And
108.00 113.00 5 4.81 9.5
And
116.00 118.00 2 0.96 3.45
And
122.00 136.00 14 0.82 13.34
Including
124.00 134.00 10 1.03 14.26
And including
131.00 134.00 3 2.28 12.07
DRILL RESULTS FROM SLV026
(includes 31 m of 3.92 g/t Au and 9.19 g/t Ag)
From To Interval Gold Silver
(m) (m) (m) (g/t) (g/t)
0.00 3.00 3 1.61 5.35
And
84.00 115.00 31 3.92 9.19
Including
84.00 93.00 9 6.35 15.74
And including
100.00 108.00 8 7.12 8.09
Note the two higher-grade intercepts within the overall interval.
DRILL RESULTS FOR SLV027
(includes 97 m of 7.94 g/t Au and 17.03 g/t Ag)
From To Interval Gold Silver
(m) (m) (m) (g/t) (g/t)
0.00 97.00 97 7.94 17.03
Including
42.00 77.00 35 13.83 16.49
Note the high-grade intercept within the overall interval.
These holes, along with the previous drilling in the Peshter zone, begin to show that the shape of the mineral deposit resembles an east-west-trending block or wedge plunging to the east-southeast. The mineral block is underlain and visibly truncated by a low-angle thrust fault with relative movement of top (mineralized rocks) to the northwest, implying that the potential rest of the mineralization could lie under the gossan extension zone located to the east of the Peshter gossan. New geological interpretations indicate that movement on this low-angle fault may be in the order of tens to hundreds of metres.
In addition, through some of the most recent drilling, company geologists have discovered a new, steep fault that truncates the Peshter gossan on the east side. Indication of movement on the steep fault also suggests potential for buried mineralization in the area of the gossan extension, east of the steep fault. Total apparent displacement on the fault seems to be in the range of tens of metres. Further understanding of the mineral potential will come from the results of core logging and sampling of the new material.
The remaining five holes, SLV020 through SLV024, were drilled in the gossan extension zone. Results from SLV020 and SLV024 indicate actual gold potential at depth in this zone. Recent increases in the understanding of the structural controls affecting the location of mineral bodies suggest that the potential for hidden mineralization is greater at a moderate depth below the level of the recent testing. It is possible that deeper, redirected drilling in the gossan extension area will better test the potential in that area.
The attached tables show results from drilling in the gossan extension target area.
DRILL RESULTS FROM SLV020
From To Interval Gold Silver
(m) (m) (m) (g/t) (g/t)
9.00 11.00 2 2.19 17.3
And
16.00 23.00 7 0.94 4.17
And
30.00 39.00 9 3.93 13.38
Including
30.00 35.00 5 6.79 16.30
DRILL RESULTS FROM SLV021
From To Interval Gold Silver
(m) (m) (m) (g/t) (g/t)
1.00 3.00 2 0.69 3.05
And
23.00 24.00 1 1.50 3.8
And
97.50 98.50 1 0.98 1.6
DRILL RESULTS FROM SLV022
From To Interval Gold Silver
(m) (m) (m) (g/t) (g/t)
NSV NSV NSV
DRILL RESULTS FROM SLV023
From To Interval Gold Silver
(m) (m) (m) (g/t) (g/t)
85.00 86.00 1 1.48 5.5
And
113.00 115.00 2 0.92 1.6
DRILL RESULTS FROM SLV024
From To Interval Gold Silver
(m) (m) (m) (g/t) (g/t)
52.00 67.00 15 2.43 7.93
And
80.00 81.00 1 1.31 10.4
Further results will be reported, as available, over the next four to six weeks. The Mining Plus consulting group, based in Perth, Australia, is tabulating and compiling the project data in order to advance the construction of a resource model for the Peshter gossan zone. The timing for completion of the initial resource calculation is expected in the middle of the fourth quarter.
This news release was prepared by company management, which takes full responsibility for its content. Paul W. Kuhn, president and chief executive officer of Avrupa Minerals, a licensed professional geologist and a registered member of the Society of Mining Engineers, is a qualified person as defined by National Instrument 43-101 of the Canadian securities administrators. He has reviewed the technical disclosure in this release. Mr. Kuhn, the qualified person, has not only reviewed, but prepared and supervised the preparation or approved, the scientific and technical content in the news release.
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