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Avrupa Minerals Ltd
Symbol C : AVU
Shares Issued 93,793,797
Close 2018-11-29 C$ 0.06
Recent Sedar Documents

Avrupa begins drilling at Alvalade

2018-11-30 09:51 ET - News Release

Mr. Paul Kuhn reports

DRILLING STARTS AT AVRUPA MINERALS ALVALADE PROJECT, PORTUGAL

Avrupa Minerals Ltd. has started drilling at the Sesmarias copper/zinc discovery located on its 100-per-cent-owned Alvalade property in the Iberian Pyrite Belt (IPB) of south Portugal. The company will drill approximately 2,500 metres in five to seven diamond drill holes to enlarge and upgrade at least two lenses of copper-bearing and zinc-bearing massive sulfide mineralization discovered by Avrupa during previous exploration work in the target area.

Recent ongoing geological review of Sesmarias area core, along with subsequent interpretation and three-dimensional (3D) modeling of the data, suggests a simplified deposition history of mineralization and surrounding rock units. Using the newly developed information, company geologists see continued potential in the SES002 (two) lens and in the SES010 (10) lens. The new work indicates the possibility that a third lens may be located between widely spaced drill holes SES008 and SES009 (the eight lens).

The two lens is characterized by higher grade mineralization, including 10.85 metres at 1.81 per cent Cu; 75.27 ppm Ag; 2.57 per cent Pb; 4.38 per cent Zn; 0.13 per cent Sn, although at this point, the extent of the mineralized envelope are undefined. The new 3D modeling suggests that the lens is oriented in a non-parallel direction to the 10 lens, which may explain why previous follow-up drilling did not significantly extend the discovery area. The company is sending massive sulfide mineralization for analysis from previously drilled hole SES003, which intersected the two lens, but was never analyzed.

The 10 lens, as defined by previous drilling, currently measures approximately 400 metres long, 30 metres wide and tested to a depth of nearly 200 metres. It is open to the south, north, and to depth. The new drilling targets its extension to the north and potential for increasing copper and zinc grades.

The eight lens has been tentatively defined by the area between, and including, two drill holes: SES008 and SES009. Located 500 metres apart, SES008 and SES009 contained narrow zones of sulfide mineralization apparently truncated (from the previous interpretation) by faulting. The SES008 intercept included five metres at 0.64 per cent Cu; 36.8 ppm Ag; 0.94 per cent Pb; 1.54 per cent Zn. The SES009 drill hole contained four metres of pyrite mineralization. The new interpretation suggests that the eight lens is dipping to the northwest, and that SES008 and SES009 intercepted the outer edge of the mineralized lens.

Drill plans for this program include enlargement/upgrade targets on all three lenses. The recent 3D modeling has given good support for placement of drill collars that will potentially upgrade the Sesmarias prospect. Taken together with the possibilities at the historic Lousal mine, located six kilometres north of the Sesmarias prospect, and at the Monte da Bela Vista stockwork discovery, located two kilometres further north of the Lousal mine, the Sesmarias area has the potential to become a significant copper and zinc district in the northern part of the Portuguese Pyrite Belt.

Financing for this drilling program is coming from the recently announced $1.5-million private placement (Oct. 22, 2018). The first tranche of the raise has been completed at $500,000 (Nov. 9, 2018). The second and third tranches are underway. The company will announce completion of the second tranche in short order.

The company holds 100 per cent of the Alvalade license. Previous partners have financed 7-million euros of exploration on the project.

About Avrupa Minerals Ltd.

Avrupa Minerals is a growth-oriented junior exploration and development company directed to discovery of mineral deposits, using a prospect generator model. The Company holds one 100-percent-owned, self-financed flagship project, the Alvalade VMS project. Avrupa focuses its project generation work in politically stable and prospective regions of Europe, including Portugal, Kosovo and Germany.

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 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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