AVPMF - Avrupa Minerals Receives New Slivova Exploration License in Kosovo
(TheNewswire)
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Covers Slivova gold prospect andpotential extensions, totaling 31.2 km
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New exploration potential covered inlarger license area.
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Initial, surface-mineable NI 43-101indicated mineral resource calculated in 2016.
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640,000 mt @ 4.8 g/t gold and 14.68g/t silver (1)
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98,700 ounces gold and 302,000 ouncesof silver (1)
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Subsequent follow-up drilling in 2016successful (2,3)
Vancouver, BC – TheNewswire - May 26, 2022 – Avrupa Minerals Ltd. (TSXV:AVU) (OTC:AVPMF) (FRANKFURT:8AM) is excited to announce that it has received a new, 7-yearexploration permit covering the Slivova gold prospect and potentialextensions, located in The Republic of Kosovo. The Companydiscovered the gold prospect in late 2012, and did extensive work onthe property through a joint venture partnership that continued from2014 until 2018. From that time, the Company placed the Project onhold while renewing and upgrading the land tenure situation, andcontinues to actively search for potential JV partners experienced insmall-mine operations.
Paul W. Kuhn, President and CEO of Avrupa Minerals,commented, “We are truly excited to reclaim the Slivova goldprospect after several years of working out the exploration licensingsituation in the Project area. The new exploration license allows usup to seven years to potentially advance the prospect to a miningsolution, and is more than double the size of the original Slivovalicense. In addition to upgrading the main zone and close-insatellite deposits, we will now have the opportunity to follow on newtargets and previously-speculated extensions to further increase thesize of the mineral resource at Slivova. The Company is activelydiscussing with potential mining partners to quickly advance theProject through joint venture operations.”
Please refer to the following historic news releasesfor more detailed information covering the Slivovo GoldProject:
Figure 1. Outline of the new Slivova exploration license (in black). The Company plans work in all areas of interest in order to upgradethe present mineral resource estimate.
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, presently optioned toSandfire MATSA in an earn-in joint venture agreement. The Companynow holds one 100%-owned exploration license covering the Slivova goldprospect in Kosovo, and is actively advancing four prospects incentral Finland through the recently-announced acquisition of AkkermanFinland Oy. Avrupa focuses its project generation work inpolitically stable and prospective regions of Europe, presentlyincluding Portugal, Finland, and Kosovo. The Company continues toseek and develop other opportunities around Europe.
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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