AVU:CC - Drilling Re-Starts at Alvalade VMS Project Portugal
(TheNewswire)
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The new (9 th ) phase of drilling will initially testtargets over 11-kilometer strike length between the historic Lousaland Caveira Mines;
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First hole is testing potentialnorthwest extension of Lousal Mine orebody;
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Other holes will test targets atMonte da Bela Vista and the Caveira Mine area, and then severalin-between VTEM geophysical anomalies.
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Following exploration targets’drilling, the program will return to Central and Southern sectors atSesmarias.
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10-12 drill holes expected, totaling+6,000 meters in Phase 9.
Vancouver, BC – TheNewswire - Septem ber 15, 2022– Avrupa Minerals Ltd. ( TSXV: AVU) (OTC:AVPMF)(FRANKFURT:8AM) announces that drillingre-started on the Alvalade Joint Venture Project in the Pyrite Belt ofsouthern Portugal. The program is a joint venture between AvrupaMinerals (“AVU” or “Company”) and Minas de Aguas Teñidas,S.A. (“Sandfire MATSA” or “MATSA”). Avrupa continues tooperate the project through the JV entity PorMining Lda. To date, atSesmarias North, the Company completed 17 diamond drill holes,totaling 8,900 meters, on six different fences along a strike lengthof 400 meters, as well as one further drill hole in the CaveiraDistrict, totaling 614 meters (see news release of April 4,2022 ).
The new phase of drilling (9 th overall) willinitially target anomalies located between the historic Lousal andCaveira Mines, over a strike length of approximately 11 kilometers. The first drill hole targets potential mineralization located300-400 meters northwest of the last reported mineralization in theLousal Mine. Following this Lousal Northwest hole, depending onresults, we anticipate further testing in the Lousal area, as well astargets at the Monte da Bela Vista prospect drilled by Avrupa in2012-2014, new targets in the Caveira Mine vicinity, and severalstrong VTEM geophysical anomalies located between Monte da Bela Vistaand the south end of the Caveira Mine mineralized zones.
Once the drill rig is available for return toSesmarias, or a second rig becomes available, we plan furtherexploratory drilling within the Central and Southern sectors of theknown mineralization. Previous, wide-spaced drilling by Avrupademonstrated the presence of robust massive sulfide mineralizationover a further strike length of +1,200 meters through the central andsouthern sectors at Sesmarias.
Figure 1. Mapof Alvalade Experimental Exploitation License showing generallocations of drill target areas which have been selected using a widerange of geological, geophysical, and geochemical tools. Note thatthe black, dashed lines that traverse the length of the licenseoutline the corridor of favorable geology, geochemistry, and VTEMgeophysical conditions. Note also significant interference fromrailroad tracks, powerlines, and a solar farm in the Azinheira area(all in washed-out purple color).
Figure 2. Location of Sesmarias massive sulfide mineralization, showingboth recent and historic drilling on the project. Present jointventure drilled only about 400 meters of strike length, to date. Mineralization is open to the north. Previous, wide-spaceddrilling outlined a further +1,200 meters to the south of recent JVwork. Mineralization is potentially open to the south, as well,beyond the 1,200-meter estimate.
Avrupa expects to drill a further 6,000 meters in 10 to12 drill holes in the current phase of drilling. MATSA has indicatedthat the budget for Phase 9 is in the range of 1.4 to 1.7 million euros. The budget will also include furtherre-processing of the VTEM data and an airborne gravity survey to coverthe entire license, using modern techniques and detailed location andelevation information to replace a patchwork of historic gravitysurveys from the 1990’s. Historically, gravity surveys areeffective tools for locating non-visible, buried massive sulfidebodies in the Iberian Pyrite Belt. The re-processing of the VTEMdata is presently underway, and we expect to perform the gravitysurvey around mid - Q4 2022.
Paul W. Kuhn, President and CEO of Avrupa, commented,“We are excited to get the drilling going again. The JV geologyteam has constructed a set of hard targets along an 11-kilometerstrike length between the Lousal and Caveira Mines. While we haveconcentrated our efforts at Sesmarias for good reason, and will getback to drilling the Sesmarias copper-zinc prospect, we are also quiteexcited to test the other VMS targets that we have developed over thepast two years.”
Figure 3. Drill set-up at LNW22-001, 360 meters northwest of lastreported mineralization at the historic Lousal Mine, 300 Level
Minas de Aguas Teñidas, S.A.(Sandfire MATSA) is a modern mining companywhich owns and operates the MATSA Mining Operations in the Huelvaprovince of Spain. With a processing plant located to the north of theIberian Pyrite Belt that sources ore from three underground mines,Aguas Teñidas and Magdalena Mines in Almonaster la Real and the Sotiel Mine in Calañas, Sandfire MATSA producescopper, zinc and lead mineral concentrates that are sold from the portof Huelva. Sandfire MATSA also holds 1,312 km 2 of explorationpermits in the south of Spain and 1,106 km 2 in Portugal.Sandfire MATSA is a wholly owned company of Sandfire Resources Ltd, amining and exploration company listed on the Australian SecuritiesExchange (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 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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