Avrupa Minerals Ltd. (TSX-V: AVU, US OTC: AVPMF, FRANKFURT: 8AM) is a growth-oriented junior exploration and development company directed to discovery of mineral deposits, using a hybrid prospect generator business model. The Company holds one 100%-owned license in Portugal, the Alvalade VMS Project, now optioned to MATSA in an earn-in joint venture agreement. Avrupa focuses its project generation work in politically stable and prospective regions of Europe, presently including Portugal and Kosovo. The Company continues to seek and develop other opportunities around Europe.
Avrupa acquired the Alvalade Project in 2010 and initially optioned it out in 2012, but has been the operator of the project since acquisition. During that first earn-in period (2012-15), an initial hole, SES002, was drilled into the Sesmarias target and intersected 10.85 meters of 1.81% copper, 2.57% lead and 4.38% zinc. Drilling encountered numerous faults, but subsequent holes hit mineralization, on and off, over an 800-meter strike length, including SES010 which intersected 58 meters of 0.32% copper, 0.61% lead, 1.95% zinc, 0.45 g/t gold, 25 g/t silver. There is still at least another 1,000 to 1,500 meters of known mineralization along strike to the north, encountered in historic drilling.
Results
A summary of some of the previously announced results from Alvalade is presented below:
- SES002 – 10.85 meters @ 1.81% Cu; 75.27 ppm Ag; 2.57% Pb; 4.38% Zn; 0.13% Sn
- SES006 – 1.5 meters @ 1.66% Cu; 54 ppm Ag; 2.30% Pb; 3.66% Zn; 0.091% Sn — mineralization cut off by faulting
- SES008 – 5.0 meters @ 0.64% Cu; 36.8 ppm Ag; 0.94% Pb; 1.54% Zn – mineralization cut off by faulting
- SES009 – 2.3 meters of massive pyrite (not analyzed)
- SES010 – 57.85 meters @ 0.45 g/t Au; 25.1 g/t Ag; 0.32% Cu; 0.61% Pb; 1.95% Zn
- SES21-033 – 22.25 meters @ 0.42% Copper, 2.07% Zinc; 1.05% Lead; 0.58 ppm Gold, and 39.3 ppm Silver in semi-massive to massive sulfide mineralization from 363.00 meters to 385.25 meters;
- SES21-036 – 17.00 meters @ 0.39% Copper; 2.11% Zinc; 1.10% Lead; 0.4 ppm Gold; and 34.1 ppm Silver in semi-massive to massive sulfide mineralization from 406.10 meters to 423.20 meters
- SES21-046 – 22.9 meters, from 378.50 meters @ 0.48% Copper, 0.72 g/t Gold, 37.7 g/t Silver, 1.10% Lead, and 2.17% Zinc
- SES23-047 – 26.95 meters @ 2.18% Cu; 5.60% Zinc; 88.2 g/t Silver; 0.33 g/t Gold – intersected massive sulfides near the presumed bottom of the hinge zone on Section 650 South.
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Finland/Vihanti-Pyhäsalmi VMS District
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