(TheNewswire)
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- Drilling continues: 10 holescompleted, 5,271.7 meters total;
- Results for four holespending;
- VTEM survey provides series of newtargets along main mineral trend between Caveira Mine and LousalMine.
Vancouver, BC – TheNewswire - August 12, 2021 - Avrupa Minerals Ltd. (TSXV:AVU) (OTC:AVPMF) (FSE:8AM) is pleased to provide the following update for theongoing project work at the Alvalade JV in the Pyrite Belt of southPortugal. The program is a joint venture between Avrupa Minerals andMinas de Aguas Teñidas, S.A. (MATSA) and is operated by Avrupathrough the JV entity PorMining Lda. To date, the Company hascompleted 10 diamond drill holes totaling 5,271.7 meters. Newresults from four of the holes, SES21-037 through SES21-040 arepending, and are expected over the next few weeks.
Paul W. Kuhn, President and CEO of Avrupa Minerals,commented, “We have been extremely busy with many facets ofexploration on the Alvalade license. Drilling at Sesmarias is themain priority, right now, but we are also preparing to drill strongtargets in other locations around the license. Earlier in the year,we performed a regional VTEM geophysical survey over 80% of thelicense, and developed a whole new set of targets in addition to thosepreviously generated by earlier Avrupa work. As the targets areverified and brought to drill-ready status, we expect that there willbe more than enough to request a second rig to drill outside of theSesmarias area.”
Drilling
Visual observation of the drill core indicates that themassive sulfide mineralization continues to the southeast from the 000section at least to the 350 S section. Thickness of massive sulfideintercepts varies from 4 meters in SES21-037 to 36 meters inSES21-040. For now, we will continue to drill to the southeast. SES21-034 and SES21-035, drilled to the northwest of the 000section, intercepted sulfides in the mineral horizon, as reportedpreviously (see AVU news release, June 9 th , 2021), butnot massive sulfide mineralization. More drilling on that section,as well as further along to the northwest is planned for later in thesummer/fall. The Sesmarias geo-structural exploration model nowsuggests that the first two holes on the 050 N section were collaredtoo far to the west and drilled over the potential massive sulfidetarget. Geophysical information, local and regional, and thepresence of sulfide mineralization in historic drilling in the Brejoarea also supports the potential for more massive sulfidemineralization beyond the 050 N section to the northwest.
Figures 1 and 2. Location of SES north zone drilling and cross section 000,holes 032-008-033-036-037. To date, mineralization has been visuallyobserved from the 050 N section to the 350 S section. Massivesulfide mineralization intercepts, from 4 meters to nearly 40 meterswidth, is present within wider zones of variable sulfidemineralization from the 000 section to the 350 S section.
Regional Geophysics
The Company commissioned a helicopter-supported VTEMgeophysical survey over a portion of the Alvalade license earlier inthe year. Initial results highlight a trend of potential targetsfrom the Caveira Mine to the Lousal Mine. Widescale culturalinterference in the survey area, caused by a village, railroad tracks,and power lines, made visualization of electromagnetic anomalismparticularly difficult in the area between Lousal and Sesmarias. However, the Company has engaged a second geophysical consultingfirm to re-process the original data in order to clarify andaccentuate the VTEM anomalism by masking the cultural electromagneticeffects on the survey. We expect that information in the next fewweeks, around the end of August.
First-pass, ground follow-up suggests that theanomalism follows the main mineral trend on the Alvalade license, andthat the anomalism is hosted by the same (or similar)volcano-sedimentary sequence (VS) rocks that host mineralization atSesmarias, Lousal, and Monte da Bela Vista. The follow-up work forthe next few months will include mapping, rock chip sampling and gridsoil sampling over the initial target areas, followed by work in theenhanced target areas presently being developed through the datare-processing procedures. We anticipate this work to be followed byscout drilling with a second drill rig.
Figure 3. General map of VTEM anomalism, highlighted in dashed redlines. VTEM processing generally defined a number of individualtarget areas within the main trend. The second round of dataprocessing is expected to enhance the obvious targets and potentiallyhighlight new targets. The strong north-south linear coloration iscaused by railroad tracks, while the east-west linears are caused byeither tracks or powerlines. The blank polygon in the center is avillage, and the general yellow color at the south end of the surveyrepresents cover of Tertiary gravels over the target horizons. TheCabeça Ruiva and Pombal sectors, in the south, will be flown at alater date.
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 a 50:50 joint venture companyof Mubadala Investment Company, which manages a global asset portfolio, endorsing the vision of a globallyintegrated and diversified economy through 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 and Kosovo. The Companycontinues 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.
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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