AVU:CC - Avrupa Minerals Submits Hallapera Exploration License Application Pyhasalmi Copper-Zinc VMS District in Finland
(TheNewswire)
Vancouver, B.C. – TheNewswire - October 24, 2022 – Avrupa Minerals Ltd. (TSXV:AVU) (OTC:AVPMF) (FRANKFURT:8AM) reports the submission of a third exploration licenseapplication in the Pyhäsalmi Mining District in centralFinland.
The Hallaperä exploration license application islocated near the town of Kiuruvesi, about 20 kilometers east of thePyhäsalmi Mine and processing plant. The application area coversknown copper and zinc sulfide mineralization discovered by OutokumpuOy in 1967, and partially outlined by drilling of 42 holes during theperiod 1967 to 1990. The known mineralization extends for more than1,000 meters, and is open at depth below 150 meters.
Figures 1 and 2. Location of the new Hallaperä exploration licenseapplication in the Pyhäsalmi District.
Paul W. Kuhn, President and CEO of Avrupa noted, “TheHallaperä license application is the Company’s third in thePyhäsalmi district. It covers known copper-zinc sulfidemineralization open at depth. It is well-worth noting thatprospective lands in the general area of the Hallaperä applicationare held by a major mining company who may now be a direct competitorto AVU, but is also potentially a joint venture partner, as wecontinue exploration in the area.”
Figure 3. Mapillustrating the application boundaries, the outline of the deposit,its immediate volcano-sedimentary host rocks, and previous drilling. The application area is actually the former mining concessiongranted to Outokumpu Oy. The permit area is bound to the south bythe highway between Pyhäsalmi and Kiuruvesi.
The main Hallaperä massive sulfide body was outlinedin 1967 by 21 drill holes in the initial phase of drilling over atotal strike length of 1,150 meters. It is a plate-like body with anaverage thickness of 3 meters, up a maximum width of 18 meters. Thestrike is in a NNW-SSE direction, with a dip of 60-70 degrees to theSW. A smaller extension continues across the highway to the SSE overan additional length of 650 meters. The sulfide body was furtheroutlined by subsequent drilling of another 21 holes drilled between1967 and 1990, and remains open at depth.
Mineralization includes both semi-massive sulfide andbreccia-type characteristics, surrounded by disseminated sulfides. There is no apparent visible zonation. The highest metal grades areassociated with breccia-type mineralization, which contains roundedfragments of silica in a matrix of sulfides. Pyrrhotite and pyriteare the dominant ore minerals, with chalcopyrite a minor constituent. In places, sphalerite and magnetite are also abundant.
In 1971, Outokumpu produced an internal (non-compliantto NI 43-101 requirements) resource calculation for the Hallaperädeposit, using the cross-sectional method. The reported totalestimate was 3.1 Mt @ 0.47% copper and 0.98% zinc, with nocalculations for lead, silver, and gold.
Note: Historic resourcecalculations provided in Outokumpu Oy internal reports were notprepared to standards of NI 43-101 reporting. While there is noreason, one way or the other, to dispute these historic reports,Avrupa Minerals does not and will not rely on the accuracy of thisinformation to make further exploration plans and/or decisions. Theinformation is presented merely to indicate that massive sulfidemineralization is present, and was discovered in certain, identifiablerock units at Hallaperä. The deposit has not been mined.
At present, the Company is compiling and evaluatinghistoric drill hole information in order to build a mineralizationmodel to support further exploration. Historic, shallow-penetratingground EM geophysics outlined close-to-surface mineralization, andfollow-up drilling defined mineralization to a depth of just 150meters. Samples were systematically analysed for only copper, zinc,iron, and sulfur. Clearly, with new geochemical and geophysicalexploration, followed by drilling, there is room for further expansionof the Hallaperä mineral lens, particularly at depth, but possiblyalong strike, as well.
Further information concerning both the permitting andexploration processes will be presented, as progress is made in bothtasks.
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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