AVPMF - Avrupa Minerals Updates Drilling Results at the Sesmarias VMS target Alvalade JV Portugal

(TheNewswire)

• Company completes drilling atSesmarias for 2023

  • Five holes drilled in the SesmariasCentral area targeting potentially high-grade hinge zone of Sesmariassynform-shaped VMS target;

  • One hole drilled to test potentialwest limb mineralization in the Sesmarias South area.

• Company completes IP-Res geophysicalsurvey over Sesmarias Central and North areas:  resultspending.

• Partners Avrupa Minerals and SandfireMinerals making plans for continued work at Sesmarias in2024.

Vancouver, BC - TheNewswire - November 28, 2023 - Avrupa Minerals Ltd. (AVU:TSXV) (OTC:AVPMF) (FRANKFURT:8AM) is pleased to update the investor communityconcerning progress at the Sesmarias copper-zinc massive sulfideprospect, located within the Alvalade Joint Venture Project in theIberian Pyrite Belt of Portugal.  The program is a joint venturebetween Avrupa Minerals (“AVU” or “Company”) and Minas deAguas Teñidas, S.A. (“Sandfire MATSA” or “MATSA”) throughtheir local subsidiaries.  Avrupa continues to operate the projectthrough the JV entity PorMining Lda., and MATSA continues to fund theexploration work.  Previously, through the JV, during 2020-2021, theCompany drilled 17 diamond drill holes at Sesmarias, totaling 8,900meters, on six different fences along a strike length of 400 meters inthe Sesmarias North Zone.

The JV returned to drilling at Sesmarias in mid-April2023, targeting the Central Zone, where Avrupa drilled the high-gradediscovery hole, SES002, in 2014 (see February 27, 2014 NewsRelease ).  Follow-up drilling in theimmediate discovery area at that time unsuccessfully targeted shallowextensions of the mineralization seen in SES002 at a depth of about150 meters.  Armed with a significantly upgraded targeting model,constructed from 46 holes, totaling nearly 20,000 meters at Sesmariassince 2014, the JV geological team aimed deeper to 400 meters depth toattempt to locate further high-grade mineralization.

As reported in June (see June 12, 2023 NewsRelease ), the JV intersected strongcopper-zinc massive sulfide mineralization in SES23-047.  Sincecompletion of that hole, the JV drilled a further five holes, totaling2,766 meters, in the Sesmarias Central and South Zones.  Totaldrilling at Sesmarias is now at 22,612 meters in 52 diamond drillholes, over a mineralized strike length of 1,700 meters.

The following general schematic section demonstrateshow the target is perceived after 52 drillholes, geological andstructural interpretation, surface geochemistry, and a variety ofgeophysical surveys since the original discovery in 2014.

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Figure 1. Schematic cross section of the Sesmarias massive sulfidetarget.  Note that the field of view is 500 meters SW to NE andencompasses 1,400 meters of strike length of mineralization from SE toNW.  Most of the drilling in the just-completed phase targeted thehinge zone of the Sesmarias synform in the Central area.  Due tosmall, but important, post-mineral structural complications anddrilling difficulties, three of five holes intersected the hinge zonemassive mineralization and/or stockwork, feeder-style mineralization,while one hole intersected the synform above targeted mineralization,and one hole missed below the hinge zone.  The sixth hole targetedmassive sulfide mineralization on west limb of the synform in theSesmarias South area.  The schematic section suggests that there issignificant, un-explored target area in the hinge zone along strikeand in both limbs of the synform, as well, along strike.

Encouraging results continued in the 6-hole phase ofdrilling in the Central and South areas on five separate fences over600 meters of mineralized strike length.  The following diagram showsthe extent of drilling in the Sesmarias North and Central Zones fromSES019 northwest to SES21-036 as shown in the general schematicsection.  The six recently-completed drill holes are highlighted inred.

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Figure 2. Drill hole locations and sections for Sesmarias North andCentral (2014-2023).

The following tables summarize the most importantresults from the most recent drilling in the Sesmarias massive sulfidetarget area:

SES23-047

Table 1. Previously-reported high-grade results from SES23-047.  Thehole intersected massive sulfides near the presumed bottom of thehinge zone on Section 650 South.

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Figure 3. Section 650 South showing SES002, SES003, SES23-041, andSES23-047.Note that SES23-041 crossed the Sesmarias synform above thehinge zone, and missed mineralization.  It appears that the highgrade SES002/003 mineralization may have been displaced from thelarger hinge zone target intersected by SES23-047.

SES23-048

Table 2. Newresults for SES23-048.  The hole intersected 9.2 meters of massivesulfide mineralization, followed by 8.3 meters of stockwork sulfidemineralization near the presumed top of the hinge zone, or possibly onthe western, upright limb of the Sesmarias synform on Section 800South.

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Figure 4. Section 800 South showing SES23-048.

SES23-049

Table 3. SES23-049 did not cut significant mineralization, as the holecrossed too high in the Sesmarias synform, much like SES23-041,drilled in 2021.  Fragments of massive sulfide mineralization arepresent in the major thrust fault that bounds and cuts the eastern,overturned limb of the Sesmarias synform.

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Figure 5. Section 500 South showing SES23-049 and SES23-051. SES23-049 crossed the synform above the hinge zone, while SES23-051crossed zinc-rich stockwork sulfide mineralization below the hingezone.  Significant results for SES23-051 are found below in Table5.

SES23-050

Table 4. SES23-050 did not intersect any significant visiblemineralization, as the hole crossed beneath the Sesmarias synform. It did cross the eastern limb fault containing abundant disseminatedand fragmented pyrite.

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Figure 6. Section 950 South showing SES23-050 crossing below the hingezone.  Folding of the hinge zone is possible, as shown in thesection, but not yet confirmed.

SES23-051

Table 5. SES23-051 crossed 30.7 meters of zinc-rich stockwork sulfidemineralization beneath the hinge zone.  This included an intercept of9 meters of semi-massive to massive sulfide mineralization and afurther zone of 8 meters of semi-massive sulfides, followed by another11.7 meters of stockwork sulfide mineralization.  The cross sectionfor SES23-051 is shown above in Figure 4.

SES23-052

Table 6. SES23-52 crossed the western, upright limb of the Sesmariassynform in the Sesmarias South area.  This is the first deeperintersection of the western limb in the Central and South zones atSesmarias.  The intersect included 28.4 meters of variable sulfidemineralization from stockwork to massive mineralization.

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Figure 7. Section 1100 South showing SES022 and SES23-052 cutting thewestern limb of the Sesmarias synform.

Paul Kuhn, President and CEO of Avrupa Minerals,commented, “Geochemical and geological results from drilling in theSesmarias Central and South Zones this year are a really positiverevelation after nine years of working at Sesmarias.  The Team hasput together a great, drillable massive sulfide target, and theresults are confirming the robustness of that target.  It is clearlyzoned along strike and proximity to the hinge zone in the centralarea, yet still has close to 2000 meters of mineralized strike lengthpotential.  We are looking forward to continuing upgrade of themineralization in the coming months.”

The Joint Venture just completed a 6-line,2100-meter-long IP-Resistivity survey covering the North and CentralZones.  The hope is that the survey can assist in identification ofstockwork sulfide mineralization in proximity to massive sulfides. We expect final results before the end of the month and these willbe reported in due time.

Minas de Aguas Teñidas, S.A. (“Sandfire MATSA” or “MATSA”) is amining company which owns and operates the MATSA Mining Operations inthe Huelva province of Spain. With a processing plant located to thenorth of the Iberian Pyrite Belt that sources ore from threeunderground mines, Aguas Teñidas and Magdalena Mines in Almonaster laReal and the Sotiel Mine in Calañas, Sandfire MATSA produces copper,zinc and lead mineral concentrates that are sold from the port ofHuelva. Sandfire MATSA also holds an extensive portfolio ofexploration tenements in both Portugal and Spain. Sandfire MATSA is awholly-owned company of Sandfire Resources Limited, one of the largestcopper-focused companies on the Australian Securities Exchange (ASX: SFR).

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 49%-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 its in-process acquisition of Akkerman FinlandOy.  Avrupa focuses its project generation work in politically stableand prospective regions of Europe, presently including Portugal,Finland, and Kosovo.  The Company continues to seek and develop otheropportunities around Europe.

For additional information, contact Avrupa Minerals Ltd. at1-604-687-3520 or visit our website at www.avrupaminerals.com .

On behalf of theBoard,

“Paul W. Kuhn”

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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