AVPMF - Avrupa Minerals Submits Kangasjarvi Exploration Permit Application in Pyhasalmi Mining District Finland
(TheNewswire)
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License application covers 18.4km prospective for copper-zincvolcanogenic massive sulfide deposits;
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Includes former zinc-producingKangasjärvi Mine, operated by Outokumpu Oy in themid-1980’s;
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Covers possible extensions of VMSmineralization, both near-mine and along strike;
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Abundant historic data acquired byAvrupa and partner Akkerman Finland Oy (“AFOy”);
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AFOy completed SkyTEM geophysicalsurvey over the original reservation area in 2021;
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AVU-AFOy completed a drone-basedmagnetic survey over priority target areas within the ExplorationLicense Application area in 2022;
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Presently reviewing and compilinghistoric drill hole database, while beginning the new drill targetingprocess.
Vancouver, BC – TheNewswire - August 26 , 2022 – Avrupa Minerals Ltd. ( TSXV: AVU ) (OTC:AVPMF) (FRANKFURT:8AM) is pleased to announce that it has completed and submitted anapplication for a new Exploration Permit covering the historicKangasjärvi zinc mine, potential extensions, and new targets alongstrike of the favorable mineral-hosting horizon. The applicationcovers approximately 18.4 square kilometers of favorable terrane forcopper- and zinc-bearing volcanogenic massive sulfide deposits. Thisis the Company’s second Exploration Permit application in Finland,subsequent to its acquisition of 49% of AFOy ( See news releases ofDecember 20, 2021 and March 9,2022 ).
Paul W. Kuhn, President and CEO, commented, “The newapplication is the next step in creating a strong exploration programin the Pyhäsalmi Mining District, Central Finland. The applicationcovers already-known massive sulfide mineralization with goodpotential for new discoveries. We have already completed severalgeophysical surveys, including SkyTEM and drone-supported magnetics,over the target area. And, we have now started to compilerecently-acquired historic drill information to get a better idea ofthe position and tenor of mineralization in the mine area. With thisinformation, we expect to be able to generate new, previously-untestedtargets in the Kangasjärvi area.”
Figures 1 and 2. Location of AFOy’s mineral reservation rights in thePyhäsalmi VMS District, Central Finland.
Figure 3. Location of AFOy’s current Exploration Permit applications(in blue) at Kolima and Kangasjärvi in the Pyhäsalmi VMS District,Central Finland.
Figure 4. Kangasjärvi Exploration Permit application area.
Figure 5. Historic drill hole locations and geology of the district. Note large number of holes (in orange) delineating the historicKangasjärvi Deposit at the northwest end of the licenseapplication.
Figure 6. SkyTEM conductor at 200 to 250 meters depth. The conductiveanomalism extends at least 4-5 kilometers southeast from the old mineand one kilometer to the north. The Company is in the process ofreviewing historic drillhole information to verify mineralization,host rock geology, and structure, to see how these fit with thegeophysical data, including SkyTEM and magnetics. Utilization ofthis information will enhance drill targeting.
Figure 7 . Drone-supported total magnetics map showingsimilar anomaly pattern to the SkyTEM conductor. We suspect that themagnetism is incorporated into a close-to-mineralization horizonmarker bed.
Kangasjärvi is located only 25 kilometers south ofFinland’s largest base metal mine, the still-active Pyhäsalmizinc-copper mine. In 1985, Outokumpu provided an in-house, non -NI43-101 compliant, resource estimate for Kangasjärvi that defined anindicated and inferred mineral resource inventory of 300,000 mt of5.4% zinc. Mining took place during the winter of 1984-85, andcompany reports described a total extraction of 86,000 mt of 5.14%zinc and 41 g/t silver before closure of the small-scaleoperation.
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/was present, and was discovered in certain,identifiable rock units at Kangasjärvi. The massive sulfide bodywas mined for a brief period, and these same mineral host units maybecome new targets along the strike length of unit extensions withinthe exploration application area.
First-pass review of drillhole logs and data suggeststhat the mineralization at Kangasjärvi is hosted by a unit comprisingof fine-grained tuffs and sediments, and includes thin limestonelayers that may act as marker beds within the mineral-horizon package. The potential mineral-hosting unit is strongly altered, originallychlorite/sericite, and subsequently highly metamorphosed to include acordierite-garnet-sillimanite assemblage of minerals. Widespreaddisseminated sulfides are present with increasing base metal sulfidecontent towards the known massive sulfide layer.
The mineral horizon, as outlined by historic drillingin the open pit area and immediate surroundings over a strike lengthof 300 meters, is also reflected by strong conductivity and magnetism. As noted in Figures 3 and 4, above, similar high conductivity andmagnetism extend in strong and pronounced anomalism beyondpreviously-drilled mine area to the southeast over at least fourkilometers and also for one kilometer to the north of the KangasjärviMine.
The area is structurally complex, but the Companyexpects that selective re-logging and sampling of available core,along with compilation and re-interpretation of all acquired data,will generate new, potential mineral target areas beyond the mine. As work is completed in the coming months, Avrupa will providefurther drill targeting information. The Company plans to bedrill-ready when the Finnish government (Tukes) issues the explorationlicense, potentially in Q1/Q2 2023.
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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