Avrupa Minerals Begins Exploration at Alvito IOCG Targets, Portugal
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June 7, 2017 NR 10 - 2017
Avrupa Minerals Begins Exploration at Alvito IOCG Targets, Portugal
Avrupa Minerals Ltd. (AVU:TSXV) is pleased to provide an update on project activiti es
to date in 2017. The Company has progressed two of its projects in an effort to make
them more ready for joint venture possibilities and has begun the exploration program at
the Alvito iron oxide copper-gold (“IOCG”) project in Portugal.
Alvito IOCG Exploration Underway, Portugal
The Company’s partner for the Alvito Project, OZ Mi nerals Limited (“OZ Minerals”), has
provided funding for the first phase exploration pr ogram which is designed to identify
and refine IOCG drill targets. IOCG deposits are c haracterized by large volumes of iron
oxide-dominated alteration and associated copper an d gold mineralization. Examples
of IOCG deposits include the Olympic Dam Mine in Au stralia owned by BHP Billiton Ltd.
and the Candelaria Mine in Chile operated by Lundin Mining Corporation. OZ Minerals
owns two IOCG projects in South Australia: the Pro minent Hill Mine, currently in
production, and the Carrapateena project, currently in feasibility study.
Figure 1. Location and outline of the new Alvito extension li cense covering the entire Alcaçovas iron
oxide copper-gold target area.
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The Alvito project is located approximately two hou rs from the Portuguese capital of
Lisbon (Figure 1). Exploration is focused on an ar ea containing a large copper-in-soil
anomaly with a strike extent of 24 kilometers. The first phase of the program will consist
of geological mapping and prospecting, and large, l icense-wide, gravity and magnetic
geophysical surveys. The detailed geological and g eophysical data will be integrated
with results from historical work, and used to iden tify and rank drill targets for the
second phase of the exploration program.
The exploration program will be managed by Avrupa’s Portuguese geological team
based in Grandola, Portugal, and led by Mr. Josh Coder, MSc. Geo, formerly with Polish
copper producer KGHM.
Marateca VMS Project exploration program results, Portugal
Also in southern Portugal, Avrupa drilled two holes to test stratigraphy and for possible
mineralization in the late fall of 2016. The result s from these two stratigraphic holes at
the Pego do Altar gossan target on the Marateca pro ject indicated anomalous base
metal geochemistry over 38.25 meters (from 23.35 to 61.6 meters) in PDA01, and over
18.1 meters (from 22.50 to 40.60 meters) in PDA02, and then again for 5.4 meters at
the bottom of this hole (from 71.45 to 76.85 meters--TD).
Most importantly, the blind intersection of stockwo rk sulfide and quartz mineralization,
up to 100 meters downdip from the outcropping gossa n, indicates continuity of the
sulfidic zone. The stockwork zone at Pego do Altar is located in the target stratigraphy
of the upper levels of the Volcano-Sedimentary (VS) Formation, host to massive sulfide
mineralization throughout the Iberian Pyrite Belt, including at Avrupa’s discovery at
Sesmarias in the Alvalade Project, some 40 kilomete rs south of Pego do Altar. There
are at least eight other un-drilled target areas id entified to date on the Marateca license
where upper VS stratigraphy subcrops or outcrops wh ile hosting anomalous zinc and
copper soil geochemistry.
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Figure 2. Location and outline of the Marateca license, with all presently known target areas. Pego do
Altar is located in the southeast corner of license . All target areas cover windows of outcropping up per
VS Formation and anomalous copper and zinc in soils geochemistry. We assume that areas between the
VS windows, covered by recent sediments, also contain buried VS stratigraphy and targets.
The data from the Marateca exploration programs is currently being assembled for
review by potential partners on the project.
Metovit Pb-Zn-Ag-Au License soil sampling, Kosovo
In Kosovo, results from widespread soil sampling on the Metovit license, located less
than 15 kilometers NE of the Slivovo Gold Project, indicate several new target areas for
further groundwork. The strongest and most widespr ead gold-in-soil anomalism occurs
in the area of Grbes village near where Avrupa dril led a shallow test hole in 2011. That
hole intercepted de-calcified shales, but no geoche mical anomalism. The second area
of widespread soils’ anomalism occurs in the northe rn and northeastern portions of the
license where geologists discovered an outcropping gossan zone carrying elevated Au,
Ag, As, Pb, Zn, Ni, and Cr values. A third area of interest covers a widespread
molybdenum-in-soil anomaly around the Metovic villa ge area, also drilled by Avrupa in
2011. This hole bottomed for technical reasons in s tockwork sulfide veining and strong
argillic alteration, but has not yet been followed-up.
Avrupa plans to conduct follow-up work at Metovit later in 2017.
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Figure 3. Location of Metovit license in Kosovo, with gold and zinc in soils geochemistry.
Avrupa Minerals Ltd. is a growth-oriented junior exploration and develo pment
company focused on discovery, using a prospect gene rator model, of valuable mineral
deposits in politically stable and prospective regi ons of Europe, including Portugal,
Kosovo, and Germany.
The Company currently holds nine exploration licens es in three European countries,
including six in Portugal covering 3,268 km 2, two in Kosovo covering 47 km 2, and one in
Germany covering 307 km 2. Avrupa has three joint ventures, two in Portugal and one in
Kosovo, including:
• The Oz Alvito Option Agreement with Oz Minerals Ltd. covering one license in
the Ossa Morena Zone in southern Portugal, for IOCG deposits;
• The Alvalade JV , with Colt Resources, covering one license in the Iberian Pyrite
Belt of southern Portugal, for Zn/Cu-rich massive s ulfide deposits. The partner is
currently in default according to the terms of the JV agreement, and Avrupa is
working on a route to consolidation of the program;
• The Covas JV , with Blackheath Resources, covering one license i n northern
Portugal, for intrusion-related W deposits; and
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• Avrupa’s partner at the Slivovo Gold Project in Kosovo is fully funding the
program, allowing Avrupa to dilute its ownership in the JV operating company
Peshter Mining JSC. If AVU ownership goes below 10 %, the interest in the
project converts to a 2% NSR.
Avrupa is currently upgrading precious and base met al targets to JV-ready status in a
variety of districts on their other licenses, with the idea of attracting potential partners to
project-specific and/or regional exploration programs.
For additional information, contact Avrupa Minerals Ltd. at 1-604-687-3520 or visit our
website at www.avrupaminerals.com .
On behalf of the Board,
“Paul W. Kuhn”
Paul W. Kuhn, President & Director
This news release was prepared by Company managemen t, who take full responsibility for its content. P aul W.
Kuhn, President and CEO of Avrupa Minerals, a Licen sed Professional Geologist and a Registered Member of the
Society of Mining Engineers, is a Qualified Person as defined by National Instrument 43-101 of the Can adian
Securities Administrators. He has reviewed the tec hnical disclosure in this release. Mr. Kuhn, the Q P, has not only
reviewed, but prepared and supervised the preparati on or approval of the scientific and technical cont ent in the news
release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.