Avrupa Minerals Reports First Progress at Kolima Project, Pyhäsalmi VMS District, Finland
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TSX-V: AVU
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April 12, 2022 NR 08 - 2022
Avrupa Minerals Reports First Progress at Kolima
Project, Pyhäsalmi VMS District, Finland
• Application for Exploration License submitted on January 24, 2022
• VTEM data reviewed and utilized in application process
• Historic drillhole data acquired from Geological Survey of Finland (GTK)
• Four drillholes selected for detailed re-logging and sampling
• Completion of first phase work expected by mid-April with sample results
in the second half of May
Avrupa Minerals Ltd. ( TSX-V: AVU) is pleased to report on first operations at its
recently-acquired Kolima P roject in the Pyhäsalmi VMS Belt in central Finland. The
Company announced an agreement with privately -held Akkerman Exploration B .V. to
acquire subsidiary Akkerman Finland Oy (see news release of December 20, 2021) and
has now c ompleted the first portion of the acqui sition (see news release of March 9,
2022). Akkerman Finland Oy (AFOy) holds three Mineral Reservations including two for
copper-zinc massive sulfide deposits and one for potential of gold mineralization, and
one Exploration Permit application for copper - and zinc-bearing massive sulfide
mineralization at Kolima.
Figures 1 and 2. Location of AFOy’s mineral rights in the Pyhäsalmi VMS District, Central Finland.
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The Geological Survey of Finland ( GTK) originally discovered widespread, low grade
zinc mineralization in the Kolima -Kärna area in the mid- 1950’s, and followed with
extensive exploration in the distric t until the early 1980’s. GTK drilled 70 holes in this
area, identifying further widespread disseminated and occasional thin bedded (up to 1-2
meters), semi-massive sulfide zinc-lead-silver mineralization. The occurrences, spread
over an area of 200- 400 meters by 2000 meters in strike, are interpreted to be distal -
type volcanogenic massive sulfide mineralization. However, GTK workers did not
observe proximal-style sulfide massive mineralization during the historic work. No
further exploration followed until AFOy returned to the area in 2019 to check regional
geology, review selected historic drill core , and sample the core with a handheld XRF
machine. AFOy observed, at the time, that mineralization was more widespread and
more intense than expected afte r review of the old reports. Relogging of the drill core
showed that s ignificant mineralized intervals had not been sampled. Subsequently,
AFOy requested a mineral reservation from the Finnish government (Tukes) of 187 km2
in early 2020.
Figures 3 and 4. Outline of original Kolima Reservation, located in Viitasaari Municipality, 375 km north
of Helsinki, with GTK drill hole locations at Kolima-Kärna from 1957 to 1983.
Based on compilation and interpretation of historic drilling results, geologic mapping,
and airborne magnetometry, AFOy commissioned a SkyTEM survey of 94 line-
kilometers over Kolima-Kärna target areas in 2021. The work produced three significant
target conductors, two at shallow depth (20 to 100 meters), and a third at intermediate
depth (125 to 250 meters). Targets 1 and 3, located along strike of the apparent
mineralized host rock, appear to be the most interesting, based on correlation with
previous work and re-interpretation of the historic data. While also interesting, Target 2
is located, for the most part, under Lake Kolima, and deemed partially inaccessible for
social and environmental reasons at this time.
In January 2022, AFOy submitted an Exploration Permit application covering these two
most promising areas for potential mineralization, excluding sensitive land areas and
possible target locations covered by bodies of water. Completion of the application
process will take upwards of a year to clear all rules and regulations related to Finnish
mining law. However, in the meantime, basic, but significant exploration and drill
targeting work will be completed within the license application area.
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Figures 5 and 6. Maps showing significant close -to-the-surface conductors south of Kärna (Target 1)
and in Lake Kolima (Target 2) and a deeper target right at the Kärna drilling area (Target 3).
Figure 7. Area of Kolima Exploration License application, totaling 8.4 km2.
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Based on known mineralization in historic drill holes, the Company has selected a suite
of drill holes to detail re-log and sample. Most important goals include: 1) attempt to
determine a mineral/geochemical vector towards proximal -style massive sulfide
mineralization; 2) establish a more detailed recognition of strength and breadth of the
known distal-style massive sulfide mineralization; and 3) determine potential to extend
the Kärna mineralization to the southeast, 3.5 kilometers along strike towards the Target
1 geophysical conductor.
The initial work program is contracted to the GTK in Rovaniemi , north-central Finland,
and is presently underway, under direction of personnel familiar with the Kärna
mineralization and previous exploration history in the district. We expect to collect 200
to 300 core samples over 800 meters of selected core from four different drill holes
drilled from northwest t o southeast along a 2000- meter strike length. The work will be
completed by mid- April and multi -element sample results are expected in the second
half of May. Details of further work will be planned and implemented as geological and
geochemical results warrant, with the goal of selecting initial drill target locations in the
Kärna mineral trend. Further work, possibly ionic leach soil sampling and/or ground
geophysical methods over the Target 1 area, will also be considered for the upcoming
field season.
In addition to work on the Kolima L icense application area, the Company plans to start
field work on the Kangasjärvi R eservation area within the next 3- 4 weeks in order to
expedite the exploration license application process. AFOy recently acquired historic
drill hole data for areas around the historic Kangasjärvi Mine, and completed 92 line -
kilometers of SkyTEM geophysical survey during 2021. Further information on progress
in the Kangasjärvi program will be forthcoming.
Avrupa Minerals Ltd. 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 S andfire 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, Finland, and Kosovo. The
Company continues to seek and develop other opportunities around Europe.
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 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 Mini ng 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, has not only
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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.