AVU:CC - Avrupa Minerals Increases Land Position Close to Pyhasalmi Mine, Finland
(TheNewswire)
Vancouver, BC – TheNewswire - January 27, 2025 – Avrupa Minerals Ltd. (TSX-V: AVU) is pleased to announce the acquisition of twonew exploration permits within sight of the Pyhäsalmi Mine headframethrough its partnership with Akkerman Finland Oy (“AFOy”). AFOyacquired the permits from Pyhäsalmi Mine Oy (“PMO”). In addition,both parties have agreed to collaborate in the ongoing explorationaround the renowned Pyhäsalmi massive sulfide deposit, mined since1969. The search is aimed at potential ore extensions and satellitedeposits.
As part of the collaboration, PMO transferred itsKomunneva and Lehto exploration permits to AFOy. Both parties signeda sales and purchase agreement on November 21, 2024. The agreementallows for AFOy to undertake generative exploration work within thepermit boundaries, and if successful, potentially turn to PMO forpartnering at later stages of exploration and development of a newmineral body. The initial cost to AFOy was nominal.
These two permits are located directly east of theMining Concession and cover the presumed lateral extension of themineral horizon over several kilometers (see Fig.1).
Fig 1. Locationmap of the Komunneva-Lehto permit application area.
Work will initially rely on the enormous databasegenerated during decades of earlier studies, challenged by thestructural complexity and large depth extent of the mineralizationsystem (>1.5km). Despite the large amount of drilling to date,there are still a number of untested, prospective targets. Thesetargets remain relevant, as the mining operation at Pyhäsalmi has notyet reached the end of its operating lifetime.
PMO previously studied these permit areas as part ofits Near-Mine exploration program involving multiple geophysicalsurveys and drilling. Results to date confirm presence of intensealteration and mineralization along the interpreted lateral extensionof the mineral horizon. Historic scout drilling cut anomalous zinc,copper and precious metals’ values in 16 ofthe 46 holes drilled. AFOy initiated re-analysis of all historic dataand information made available as part of the tenementtransfers.
Meanwhile, PMO will focus its present ongoingexploration efforts on its Pyhäsalmi Mining Concession area andwithin a new exploration permit area located immediately to the southof the Mining Concession.
Paul W. Kuhn, President and CEO of Avrupa Minerals,commented, “We are excited to work with Pyhäsalmi Mine Oy to beginnew exploration in a clearly, well-mineralized area. Through partnerAkkerman Finland Oy, we plan to take aggressive first steps togenerate potential discovery of significant mineralization close tothe historic mine. Further information to come after completion ofthe data compilation process.”
Avrupa Minerals Ltd. is a growth-oriented junior exploration and developmentcompany directed to discovery of mineral deposits, using a hybridprospect generator business model. The Company holds one 49%-ownedlicense in Portugal, the Alvalade VMS Project, presently optioned toSandfire Mineira Portugal in an earn-in joint venture agreement. TheCompany holds one 49%-owned exploration license covering the SlivovaGold Project in Kosovo, optioned to Western Tethyan Resources, and isactively advancing four prospects in central Finland through itspartnership with Akkerman Finland Oy. Avrupa focuses its projectgeneration work in politically stable and prospective regions ofEurope, presently including Portugal, Finland, and Kosovo. TheCompany continues to seek and develop other opportunities aroundEurope.
For additional information, contact Avrupa Minerals Ltd. at1-604-687-3520 or visit our website at www.avrupaminerals.com .
On behalf of the Board,
Paul W. Kuhn, President & Director
This news release was prepared byCompany management, who take full responsibility for its content. Paul W. Kuhn, President and CEO of Avrupa Minerals, a LicensedProfessional Geologist and a Registered Member of the Society ofMining Engineers, is a Qualified Person as defined by NationalInstrument 43-101 of the Canadian Securities Administrators. He hasreviewed the technical disclosure in this release. Mr. Kuhn, the QP,has not only reviewed, but prepared and supervised the preparation orapproval of the scientific and technical content in the newsrelease.
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
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