AVPMF - Avrupa Minerals Reports First Progress at Kolima Project Pyhasalmi VMS District Finland
(TheNewswire)
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Application for Exploration Licensesubmitted on January 24, 2022
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VTEM data reviewed and utilized inapplication process
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Historic drillhole data acquired fromGeological Survey of Finland (GTK)
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Four drillholes selected for detailedre-logging and sampling
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Completion of first phase workexpected by mid-April with sample results in the second half ofMay
Vancouver, BC – TheNewswire - April 12, 2022 – Avrupa Minerals Ltd. (TSXV:AVU) (OTC:AVPMF)(FRANKFURT:8AM) is pleased to report on firstoperations at its recently-acquired Kolima Project in the PyhäsalmiVMS Belt in central Finland. The Company announced an agreement withprivately-held Akkerman Exploration B.V. to acquire subsidiaryAkkerman Finland Oy ( see news release ofDecember 20, 2021 ) and has nowcompleted the first portion of the acquisition ( see news release ofMarch 9, 2022 ). Akkerman Finland Oy(AFOy) holds three Mineral Reservations including two for copper-zincmassive sulfide deposits and one for potential of gold mineralization,and one Exploration Permit application for copper- and zinc-bearingmassive sulfide mineralization at Kolima.
Figures 1 and 2. Location of AFOy’s mineral rights in the Pyhäsalmi VMSDistrict, Central Finland.
The Geological Survey of Finland (GTK) originallydiscovered widespread, low grade zinc mineralization in theKolima-Kärna area in the mid-1950’s, and followed with extensiveexploration in the district until the early 1980’s. GTK drilled 70holes in this area, identifying further widespread disseminated andoccasional thin bedded (up to 1-2 meters), semi-massive sulfidezinc-lead-silver mineralization. The occurrences, spread over anarea of 200-400 meters by 2000 meters in strike, are interpreted to bedistal-type volcanogenic massive sulfide mineralization. However,GTK workers did not observe proximal-style sulfide massivemineralization during the historic work. No further explorationfollowed until AFOy returned to the area in 2019 to check regionalgeology, review selected historic drill core, and sample the core witha handheld XRF machine. AFOy observed, at the time, thatmineralization was more widespread and more intense than expectedafter review of the old reports. Relogging of the drill core showedthat significant mineralized intervals had not been sampled. Subsequently, AFOy requested a mineralreservation from the Finnish government (Tukes) of 187 km 2 in early2020.
Figures 3 and 4. Outline of original Kolima Reservation, located in ViitasaariMunicipality, 375 km north of Helsinki, with GTK drill hole locationsat Kolima-Kärna from 1957 to 1983.
Based on compilation and interpretation of historicdrilling results, geologic mapping, and airborne magnetometry, AFOycommissioned a SkyTEM survey of 94 line-kilometers over Kolima-Kärnatarget areas in 2021. The work produced three significant targetconductors, two at shallow depth (20 to 100 meters), and a third atintermediate depth (125 to 250 meters). Targets 1 and 3, locatedalong strike of the apparent mineralized host rock, appear to be themost interesting, based on correlation with previous work andre-interpretation of the historic data. While also interesting,Target 2 is located, for the most part, under Lake Kolima, and deemedpartially inaccessible for social and environmental reasons at thistime.
In January 2022, AFOy submitted an Exploration Permitapplication covering these two most promising areas for potentialmineralization, excluding sensitive land areas and possible targetlocations covered by bodies of water. Completion of the applicationprocess will take upwards of a year to clear all rules and regulationsrelated to Finnish mining law. However, in the meantime, basic, butsignificant exploration and drill targeting work will be completedwithin the license application area.
Figures 5 and 6. Maps showing significant close-to-the-surface conductorssouth of Kärna (Target 1) and in Lake Kolima (Target 2) and a deepertarget right at the Kärna drilling area (Target 3).
Figure 7. Area of Kolima Exploration License application, totaling 8.4km 2 .
Based on known mineralization in historic drill holes,the Company has selected a suite of drill holes to detail re-log andsample. Most important goals include: 1) attempt to determine amineral/geochemical vector towards proximal-style massive sulfidemineralization; 2) establish a more detailed recognition of strengthand breadth of the known distal-style massive sulfide mineralization;and 3) determine potential to extend the Kärna mineralization to thesoutheast, 3.5 kilometers along strike towards the Target 1geophysical conductor.
The initial work program is contracted to the GTK inRovaniemi, north-central Finland, and is presently underway, underdirection of personnel familiar with the Kärna mineralization andprevious exploration history in the district. We expect to collect200 to 300 core samples over 800 meters of selected core from fourdifferent drill holes drilled from northwest to southeast along a2000-meter strike length. The work will be completed by mid-Apriland multi-element sample results are expected in the second half ofMay. Details of further work will be planned and implemented asgeological and geochemical results warrant, with the goal of selectinginitial drill target locations in the Kärna mineral trend. Furtherwork, possibly ionic leach soil sampling and/or ground geophysicalmethods over the Target 1 area, will also be considered for theupcoming field season.
In addition to work on the Kolima License applicationarea, the Company plans to start field work on the KangasjärviReservation area within the next 3-4 weeks in order to expedite theexploration license application process. AFOy recently acquiredhistoric drill hole data for areas around the historic KangasjärviMine, and completed 92 line-kilometers of SkyTEM geophysical surveyduring 2021. Further information on progress in the Kangasjärviprogram will be forthcoming.
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 toSandfire MATSA in an earn-in joint venture agreement. Avrupa focusesits project generation work in politically stable and prospectiveregions of Europe, presently including Portugal, Finland, and Kosovo. The Company 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
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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