AVPMF - Exploration License Applications Approved in Pyhasalmi Copper-Zinc District Finland for Avrupa Minerals/AFOy Joint Venture
(TheNewswire)
-
Tukes (Finland’s mineralexploration licensing authority) approved the Kangasjärviapplication, and following no appeals during the 37-day commentperiod, the exploration license is fully in force.
-
Tukes also approved the Kolimaapplication, but three appeals which must be reviewed before anexploration license can be granted were filed.
-
The JV will now fulfill annualfinancial obligations to landowners within the Kangasjärvi licensearea and continue planning for exploration activities, includingdrilling during Q2 2023.
Vancouver, BC – May 11, 2023 – Avrupa Minerals Ltd.(TSXV:AVU) is pleased to report on the status oftwo exploration license applications covering copper-zinc massivesulfide targets in the Pyhäsalmi Mining District of central Finland. The two applications, Kangasjärvi and Kolima, submitted by AkkermanFinland Oy (“AFOy”), Avrupa’s exploration partner in Finland,were approved by Tukes on March 23, 2023, and have now gone through a37-day comment and appeal period.
The Eastern Finland Administrative Court informed AFOythat no appeals against the Kangasjärvi application were received,and the Court issued a certificate to this effect, meaning that theKangasjärvi Exploration License, ML2022:0045, is now valid. AFOyhas started to fulfill obligations related to the issuance of the newlicense, including payment of the annual fees directly to thelandowners within the permit area, as well as planning the next phaseof exploration. AFOy and Avrupa plan to initiate drill testing of apromising deep EM anomaly adjacent to the historic Kangasjärvi zincmine, along with continued review and compilation of substantialamounts of historic geological and drilling data from around thelicense area. Details of this initial campaign and expected timingwill be reported as plans are readied.
More detailed background information about theKangasjärvi application may be found at the following link: KangasjärviApplication
The Administrative Court of Hämeenlinna informed AFOythat three appeals have been filed in the case of the Kolimaapplication. Consequently, AFOy and Avrupa have decided totemporarily suspend exploration work at Kolima until the outcome ofthe court proceedings is established.
Detailed background information about the Kolimaapplication may be found at the following links: KolimaProgress and Kolim aResults .
Paul W. Kuhn, President and CEO of Avrupa Minerals,commented, “We are excited about getting started on the Kangasjärviexploration program. Initial work in the area suggests that thereare several compelling targets in the immediate vicinity of thehistoric mine workings, as well as numerous targets around the licensearea that are not well-tested. We are planning to initiate afirst-pass drilling program in June to test the immediate KangasjärviMine vicinity, as well as review drill core from a large number ofholes previously drilled around the property.”
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 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 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.
Copyright (c) 2023 TheNewswire - All rights reserved.