AVPMF - Avrupa Minerals provides drill targeting update for the Monte da Bela Vista copper-zinc sector Alvalade License Portugal
(TheNewswire)
- Drill targeting at Monte da BelaVista sector underway;
- Whole new area at MBV ready forinitial drilling;
- Compilation/digitization of LousalMine data planned for September-October.
TheNewswire - August 18, 2021 - Avrupa Minerals Ltd.(AVU:TSXV) (OTC: AVPMF)(FSE:8AM) is pleased to provide the followingupdate for the ongoing project work at the Monte da Bela Vistadiscovery area, within the Alvalade JV in the Pyrite Belt of southPortugal. The program is a joint venture between Avrupa Minerals andMinas de Aguas Teñidas, S.A. (MATSA) and is operated by Avrupathrough the JV entity PorMining Lda. In 2013-14, Avrupa discoveredcopper-zinc mineralization in the Monte da Bela Vista (MBV) area anddrilled seven scout diamond drill holes there.
Paul W. Kuhn, President and CEO of Avrupa Minerals,commented, “Review of the surface geology at Monte da Bela Vistaquickly got the Company involved in the area. We completed mapping,sampling, and scout drilling there, back in 2013-14. While notintersecting ore-grade mineralization, at the time, we knew there wasstill plenty of room to find a deposit between our seven wide-spaceddrill holes. Flash forward to 2021, and we have gone back with afresh look, based on all of our new drilling at Sesmarias,re-interpretation of the exploration model, and coverage from the VTEMgeophysical survey. Results of this work lead to a whole newprospective area to drill, just a few hundred meters from most of theprevious drilling.”
Monte da Bela Vista (MBV)
Following drilling in 2013-14 at MBV, the Companyreturned to the mineralized area this spring/summer for more detailedmapping and rock chip sampling, and a re-log of the historic coreholes, using knowledge gained during the ongoing Sesmarias campaign. The updated geo-structural model, successfully being utilized in theSesmarias area, is providing new targets at MBV, particularly in theparts of the area where the target mineral horizon is not exposed atthe surface (southwest sector). Previous drilling by Avrupa targetedexposed VS mineral horizon rocks (northeast sector) with moderatesuccess, but it appears that the best of the exposed mineral horizonzone may have been eroded away or removed structurally. Combinationof results from the VTEM survey, recent mapping and sampling, and anenhanced understanding of the structure and geology, suggests a new,buried and relatively untouched target zone, immediately adjacent tothe southwest of the exposed VS mineral horizon rocks, and directly ontrend with massive sulfides at the Lousal Mine.
Figure 4. Mapof the Monte da Bela Vista target area. Note exposed mineral horizonrocks to the NE side of the dashed line, with strong copper in soilsanomalism (100-600 ppm), and buried mineral horizon rocks to the SW,with no strong copper in soils anomalism. However, the strong VTEManomalism is located in the SW sector, aligned with the northernextension of the Lousal massive sulfide system.
The Company has now finished much of the initialtargeting work at MBV with the acquisition of the final tranche ofionic leach soil sampling results. The Company collected 380 soilsamples covering the MBV target area, and all geochemical results havereturned from the lab. As expected, strong anomalism of targetmetals and pathfinder elements is present in the exposed mineralhorizon sector in the northeast. In the buried mineral horizonsector in the southwest, strong anomalism in lead, barium, andmanganese, along with detectable gold and silver anomalism, suggeststhe potential for buried massive sulfides, particularly along strikecontinuation of the Lousal massive sulfide bodies. The presence of astrong VTEM anomaly directly over the geological/geochemical targetenhances the interpretation for potentially positive results here. Finalization of the geological mapping in the southwest sector andre-logging of the historic drill core will complete the targetingprocess, and allow positioning of collar locations for the initialdrilling program.
Along with drilling of other targets generated by theVTEM survey (see news release of August 12th), we anticipate theprobability of requisitioning a second drill rig for this work duringQ3/Q4 2021.
Lousal Mine
Finally, in conjunction with work at Monte da BelaVista and Sesmarias, we expect to compile and digitize historic datafrom the Lousal Mine, in order to reconstruct the mine digitally. Knowledge of the workings and mining results will help immensely indefining new targets and extensions of mineralization at the historicmine. Surface geological mapping earlier this year has shown thatthe complexity of the mineral horizon at Lousal is quite similar towhat we see in the Sesmarias district drilling and what we arebeginning to see in the field in the MBV area. Complexitiesemanating from the detailed work at Sesmarias and Monte da Bela Vistapushed back the planned startup of the Lousal targeting work toearly-mid September.
Minas de Aguas Teñidas, S.A. (MATSA) is a private Spanish mining company, which ownsand operates three mines in the province of Huelva (Andalusia, Spain): Aguas Teñidas, Magdalena, and Sotiel. MATSA also holds 1,312km 2 of exploration permits in the south of Spain and 1,106 km 2 in Portugal.Focused on innovation and the most advanced technology to developmodern and sustainable mines, MATSA is a 50:50 joint venture companyof Mubadala Investment Company, which manages a global assetportfolio, endorsing the vision of a globally integrated anddiversified economy through sustainable returns for its shareholder,the Government of Abu Dhabi, and Trafigura, one of the world’sleading commodity trading houses.
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 100%-ownedlicense in Portugal, the Alvalade VMS Project, now optioned to MATSAin an earn-in joint venture agreement. Avrupa focuses its projectgeneration work in politically stable and prospective regions ofEurope, presently including Portugal and Kosovo. The Companycontinues 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 .
410 – 325 Howe Street,Vancouver, BC Canada V6C 1Z7 T: (604)687-3520 F: (888) 889-4874
On behalf of the Board,
Paul W. Kuhn, President & Director
Thisnews release was prepared by Company management, who take fullresponsibility for its content. Paul W. Kuhn, President and CEO ofAvrupa Minerals, a Licensed Professional Geologist and a RegisteredMember of the Society of Mining Engineers, is a Qualified Person asdefined by National Instrument 43-101 of the Canadian SecuritiesAdministrators. He has reviewed the technical disclosure in thisrelease. Mr. Kuhn, the QP, has not only reviewed, but prepared andsupervised the preparation or approval of the scientific and technicalcontent in the news release.
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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