AVPMF - Avrupa Reports Drill Results for 113.8-meter mineralized sulfide intercept in SES21-044 at Sesmarias North Alvalade Project Portugal
(TheNewswire)
Highlights include:
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SES21-044:
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Results of semi massive to massivemineralization include:
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60.4 meters, from 417.20 meters @0.40% Copper, 0.68 g/t Gold, 37.08 g/t Silver, 0.96% Lead, and 2.33%Zn
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Within a wider zone, total 113.8meters from 417.20 meters, of stockwork to massive sulfidemineralization including:
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103.0 meters @ 0.51 g/t Gold
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96.0 meters @ 29.20 g/tSilver
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113.8 meters @ 0.35% Copper
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96.0 meters @ 0.86% Lead
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96.0 meters @ 1.98% Zinc
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Intercepts heavily folded mineralhorizon located on two limbs at/around the apex of a district-scalefold;
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True thickness of original massivesulfide body estimated to be 30-40 meters.
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Presently drilling at SES21-046,located approximately 100 meters NW along strike, from SES21-044 tofill drilling gap between Section 120S and 350S.
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Have now completed 16 holes atSesmarias North, totaling 8,150 meters.
Vancouver, BC Canada – TheNewswire - Avrupa Minerals Ltd. (AVU:TSXV) (OTC:AVPMF) (FSE:8AM) is pleased to report that drilling continues toexpand and upgrade polymetallic, massive sulfide mineralization at theSesmarias Copper-Zinc Prospect within the Alvalade Project (Alentejo,Portugal). The program is a joint venture between Avrupa Mineralsand Minas de Aguas Teñidas, S.A. (MATSA) and is operated by Avrupathrough the JV entity PorMining Lda. To date, the Company hascompleted 16 diamond drill holes on six different fences at Sesmarias,totaling 8,150 meters, and is now drilling a 17th hole testingpotential massive sulfide mineralization in the gap between Section120S and Section 350S.
Paul W. Kuhn, President and CEO of Avrupa Minerals,commented, “With the long, mineralized sulfide intercept inSES21-044, we have now confirmed the structural position of a robustmineral system over 350 meters in length in the SES North sectoralone, within the known total Sesmarias massive sulfide mineralizationof 1.7 kilometers. Continuation of copper- and zinc-bearingmineralization is open both to the north and south, and to some depthbelow present drilling. The SES21-044 intercept is now the longest,to date, in the joint venture, and shows good, continuous copper,lead, zinc, silver, and gold grades over the majority of theintercept. The overall intercept includes intervals of higher-grademineralization, and further evidence of metals’ zonation in thedeposit. We are looking forward to further enlargement of theSesmarias mineralization and continued improvement of the metals’grades.”
SES North Resultsand Sections
To date, in the MATSA JV, the Company completed 16drill holes (including three holes lost due to difficult downholedrilling conditions) in the SES North sector, and one scout hole inthe SES Central sector (SES21-041), totaling 8,150 meters. TheCompany drilled one scout hole, totaling 614meters, in the Caveira District (CAV21-001), located 16 kilometersnorth of Sesmarias.
Figure 1. Drill locations at Sesmarias North, along with plan view ofmassive sulfide lenses projected to the surface. SES21-044 islocated along Section 350 S, and SES21-046 is located in Section 250S.
Following is a summary of the results fromSES21-044:
Table 1. Summary of results for SES21-044.
The geological section shows that mineralization can bedivided into massive sulfides on the east limb of the main synclineand stockwork to semi-massive sulfides on the west limb of the mainsyncline. From detailed review of all core at Sesmarias North, it isapparent that the east limb mineralization in SES21-044 is thecontinuation of mineralization previously intersected in SES21-039,while the west limb mineralization is the continuation ofmineralization seen in SES21-040 ( see AVU news release ofSeptember 21, 2021 ). The Companyexpects that “two-limb” mineralization continues to the north, andthat further drilling will demonstrate the position of such base metalmineralization. The Company also expects that massive sulfidemineralization is open to the south towards the previously-discoveredmineralization in the Sesmarias Central and South sectors (the“10” Lens). Further work is planned in the Central sector tofollow up “2” Lens mineralization, which appears to be separatefrom the “10” Lens.
Section 350 S demonstrates the position of massivesulfide mineralization in a district-scale fold system at SesmariasNorth. The massive sulfide body is heavily folded, itself, making itdifficult to accurately estimate original true thickness of the beds,though best thinking puts it at 30-40 meters.
Figures 2a and 2b. 350S cross section, including SES21-044, and enlargement ofthe massive sulfide zone
Combining the results and the cross section, note thatthe longest, most continuous intercept lies in the upper part of themassive sulfide mineralization. However, good grades may also befound in the geologically underlying stockwork zone, found at both thetop and bottom of the full intercept. Strong folding of the mineralzone allows for intersection of the bottom of the sulfide deposit inboth the upper and lower portions of the drill intercept. So far, asshown in this section, drilling cuts off the top of the mineralization(SES21-042), intersects the west limb of the main fold (SES21-040),and in SES21-044 intersects both the east and west limbs of the mainfold, as well as the perceived top and bottom of the foldedmineralization. Further drilling below SES21-044 is necessary toextend massive sulfide mineralization at depth in and around the apexof the syncline.
Drilling at SES21-046 is now underway on the 250 Ssection to test for copper- and zinc-bearing massive sulfidemineralization between SES21-039 and SES21-044.
The continuing work program is fully funded by Minas deAguas Teñidas, S.A. (“MATSA”). MATSA can initially earn a 51%interest in the Alvalade Experimental Exploitation License property bycompleting funding requirements set out in the joint venture agreementbetween the companies. MATSA may then increase their interest in theProject to 85% by preparing a bankable feasibility study. Avrupapreviously described the details of the agreement in news releasesdated October 1,2019 and November 20,2019 .
Minas de Aguas Teñidas, S.A. (MATSA) is a private Spanish mining company, which ownsand operates three mines in the province of Huelva (Andalusia, Spain): Aguas Teñidas, Magdalena, and Sotiel. MATSA also holds 1,312km 2 of exploration permits in the south of Spain and 1,106 km 2 in Portugal.Focused on innovation and the most advanced technology to developmodern and sustainable mines, MATSA is currently a 50:50 joint venturecompany of Mubadala Investment Company, a sovereign investor managinga global portfolio aimed at generating sustainable returns for itsshareholder, the Government of Abu Dhabi, and Trafigura, one of theworld’s leading commodity trading houses.
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 to MATSAin an earn-in joint venture agreement. Avrupa focuses its projectgeneration work in politically stable and prospective regions ofEurope, presently including Portugal, Finland, and Kosovo. TheCompany 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
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.
Information about the Lousal Minecomes directly from published academic documents prepared by thegeological survey of Portugal (LNEG), theses from the University ofLisbon, private company documents authored by mine geologists employedat one time by the Lousal Mine, and copies of original mine records. The information is considered accurate, but NOT compliant topresent-day NI 43-101 regulations and standards.
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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