Avrupa Receives Five-Year License for Alvalade Project:
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TSX-V: AVU
US OTC: AVPMF
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June 25, 2020 NR 04 – 2020
Avrupa Receives Five-Year License for Alvalade Project:
Exploration to Commence with Spanish mining partner MATSA
Avrupa Minerals Ltd. (AVU:TSXV) received the new Experimental Exploitation
License (“EEL”), approved by the Portuguese mining bureau, for the Alvalade Copper -
Zinc Massive Sulfide Project, located in the Iberian Pyrite Belt (IPB) of Portugal.
Paul W. Kuhn, President and CEO of Avrupa Minerals, com mented, “We are extremely
pleased to have the Alvalade 5- year EEL issued to the Joint Venture company,
PorMining Lda. With partner MATSA, we will be able to move forward using our joint,
long-term Pyrite Belt experience and recent success es to potentially develop a world-
class copper -zinc project within the Alvalade license boundaries. We plan to
immediately start the necessary work programs leading to the next drill project later this
year”.
Audra Walsh, CEO of MATSA, stated , "Obtaining the Alvalade exploration license
opens up new opportunities for exploration in Portugal . Exploration is one of MATSA's
permanent objectives , as it is our future. The agreement with Avrupa Minerals is the
beginning of our exploration in the Portuguese Pyrite Belt".
The EEL covers an area of approximately 115 square kilometres, is valid for up to five
years, and includes the Sesmarias massive sulfide discovery, the nearby historic Lousal
Mine, the Monte da Bela Vista stockwork zone, and a number of other already-known
massive sulfide targets noted on the map. Avrupa will operate the Project through a joint
technical committee with full funding by MATSA for up to three years , subject to project
milestones.
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Figures 1/2: Location of new Alvalade Experimental Exploitation License, with important target
areas. The size of the license is approximately 115 square kilometers and covers the most
prospective panels of host rocks for massive sulfide deposits along north- central zone of the Neves
Corvo mineralization trend.
The Project is optioned out to Minas de Aguas Teñidas, S.A. (MATSA). The companies
formed a joint venture entity , PorMining Lda., to operate the continuing exploration on
the Alvalade Project (see AVU news releases of October 1, 2019 and November 20,
2019). As soon as physically and safely possible, work will commence with the review
and full compilation of all historic data from the license area. In order to define new and
upgrade existing drill targets, both around Sesmarias and at other locations, initial
physical work will include re-logging selected Sesmarias core, first logging and sampling
of available, prior-to-Avrupa, historic core, geochemical exploration in selected target
areas and Sesmarias extensions, and property-wide geophysics. Given the amount of
initial targeting work planned and continued deference to the COVID -19 pandemic,
commencement of drilling on the Project is expected to occur during Q4 2020. All
efforts to maintain a healthy, safe, and sustainable working environment will continue to
be first and foremost priority at the Project facilities and in the field.
Minas de Aguas Teñidas, S.A. (MATSA) is a private Spanish mining company, which
owns and operates three mines in the province of Huelva (Andalusia, Spain): Aguas
Teñidas, Magdalena, and Sotiel. MATSA also holds 1,312 km2 of exploration permits in
the south of Spain and 1, 106 km2 in Portugal . Focused on innovation and the most
advanced technology to develop modern and sustainable mines, MATSA is a 50:50 joint
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venture company of Mubadala Investment Company, which manages a global asset
portfolio, endorsing the vision of a globally integrated and diversified economy through
sustainable returns for its shareholder, the Government of Abu Dhabi, and Trafigura,
one of the world’s leading commodity trading houses.
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 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.
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 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, has not only
reviewed, but prepared and supervised the preparation or approval of the scientific and technical content in t he 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.