Avrupa Minerals Provides Review of 2016 and Plans for 2017
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TSX-V: AVU
US DTC: AVPMF
FRANKFURT: 8AM
410 – 325 Howe Street, Vancouver, BC Canada V6C 1Z7 T: (604) 687-3520 F: (888) 889-4874
January 17, 2017 NR 2 - 2017
Avrupa Minerals Provides Review of 2016 and Plans for 2017
Avrupa Minerals Ltd. (AVU:TSXV) is pleased to provide an overview of the
Company’s progress during 2016 and an outline of planned activities for 2017 . Base
metal prices increased across the board, making Avrupa’s copper and zinc projects in
southern Portugal more attractive for potential joint venture in 2017. The Company was
successful in 2016, deliverin g a number of positive milestones while advancing several
projects.
Plans for 2017:
Complete field work on one project in Kosovo and two in Portugal to prepare
them for potential JV partners.
Acquire new projects in Portugal and Kosovo, and possibly Morocco.
Continue to advance the Covas JV’s tungsten project with partner Blackheath
Resources by way of further drilling on several prospects, environmental
assessment work, and additional metallurgical testing.
Amend the Alvalade JV situation to allow Avrupa to work the project itself or
with an active partner and advance the successful exploration work from 2014
and 2015.
Option out the Alvito project to a new partner.
Option out the Marateca project to a new partner.
Continue working with our par tner on the Slivovo Gold Project in Kosovo to
expand the gold resource by way of additional exploration drilling.
Following is a list of our program accomplishments during 2016:
Kosovo Projects:
Slivovo Gold Project Study delivered by JV partner.
Initiated detailed soil sampling program on the Metovit license in Kosovo.
Geochemical analyses underway.
Portugal Projects:
Advanced drill targeting at the Chança prospect on the Mertola zinc-copper
project in Portugal.
Completed scout drilling at t he Pego do Altar Gossan prospect on the
Marateca zinc-copper project in Portugal. Sulfide mineralization, mostly
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pyrite +/- chalcopyrite and sphalerite, continues down dip and appears to be
re-mobilized Pyrite Belt mineralization. Geological logging and sampling
underway.
Initiated discussions with a third party on a potential new joint venture in
Portugal.
Advanced the Covas JV through first pass environmental review and first
pass metallurgical testing of the tungsten -bearing Covas mineralization in
north Portugal.
Maintained the validity of the Alvalade copper-zinc license while joint venture
partner was unable to fund work commitments.
Applied for two new zinc-copper licenses in the Pyrite Belt, south Portugal.
Other Projects:
Reviewed copper and gold opportunities in Morocco and elsewhere around
Europe.
Successfully raised $ 2,016,200 from a private placement in July and exercise
of warrants in September.
Avrupa’s President and CEO, Paul W. Kuhn , commented: “We are encouraged by the
progress our team made during 2016, even as the junior resource markets remained
difficult for exploration companies. We made positive advancement on our non -JV’d
projects in Portugal while maintaining the status quo for the JV pr ograms in preparation
for a strong 2017 in both Portugal and Kosovo. We are well -positioned to form new
JV’s in Portugal, and we expect to be able to re -start the work programs at Covas and
Alvalade during Q1/Q2 of 2017. We expect to utilize our deep kno wledge in Kosovo to
re-initiate an already -successful generative exploration program around that country
during the coming year.”
Avrupa Minerals Ltd. is a growth -oriented junior exploration and developme nt
company focused on discovery , using a prospect generator model, of valuable mineral
deposits in politically stable and prospective regions of Europe, including Portu gal,
Kosovo, and Germany.
The Company currently holds nine exploration licenses in three Eur opean countries,
including six in Portugal covering 3,821 km2, two in Kosovo covering 47 km2, and one in
Germany covering 307 km2. Avrupa has three joint ventures, two in Portugal and one in
Kosovo, including:
The Alvalade JV, with Colt Resources, covering one license in the Iberian Pyrite
Belt of southern Portugal, for Zn/Cu-rich massive sulfide deposits;
The Covas JV , with Blackheath Resources, covering one license in northern
Portugal, for intrusion-related W deposits; and
Avrupa’s partner at the Slivovo Gold Project in Kosovo is presently advancing
the Project by funding and operating a pre-feasibility study.
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Avrupa is currently upgrading precious and base metal targets to JV -ready status in a
variety of districts on their other licenses, with the idea of attractin g potential partners to
project-specific and/or regional exploration programs.
For additional information, contact Avrup a 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 management, who take full responsibility for its content. Paul W.
Kuhn, President and CEO of Avrupa Minerals, a Licensed 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 Canadian
Securities Administrators. He has reviewed the technical disclosure in this release. Mr. Kuhn, the QP, h as not only
reviewed, but prepared and supervised the preparation or approval of the scientific and technical content 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.