Avrupa Reports Drill Results for 113.8-meter mineralized sulfide intercept in SES21-044 at Sesmarias North, Alvalade Project, Portugal Highlights include:
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January 25, 2022 NR 01 - 2022
Avrupa Reports Drill Results for 113.8-meter mineralized sulfide
intercept in SES21-044 at Sesmarias North, Alvalade Project, Portugal
Highlights include:
• SES21-044:
• Results of semi massive to massive mineralization include:
o 60.4 meters, from 417.20 meters @ 0.40% Copper, 0. 68 g/t Gold, 37.08 g/t Silver,
0.96% Lead, and 2.33% Zn
• Within a wider zone, total 113.8 meters from 417.20 meters, of stockwork to massive
sulfide mineralization including:
o 103.0 meters @ 0.51 g/t Gold
o 96.0 meters @ 29.20 g/t Silver
o 113.8 meters @ 0.35% Copper
o 96.0 meters @ 0.86% Lead
o 96.0 meters @ 1.98% Zinc
• Intercepts heavily folded mineral horizon located on two limbs at/around the apex of
a district-scale fold;
• True thickness of original massive sulfide body estimated to be 30-40 meters.
• Presently drilling at SES21- 046, located approximately 100 meters NW along strike,
from SES21-044 to fill drilling gap between Section 120S and 350S.
• Have now completed 16 holes at Sesmarias North, totaling 8,150 meters.
Avrupa Minerals Ltd. (AVU:TSXV) is pleased to report that drilling continues to expand
and upgrade polymetallic, massive sulfide mineralization at the Sesmarias Copper -Zinc
Prospect within the Alvalade Project (Alentejo, Portugal). The program is a joint venture
between Avrupa Minerals and Minas de Aguas Teñidas, S.A. (MATSA) and is operated by
Avrupa through the JV entity PorMining Lda. To date, the Company has completed 16
diamond drill holes on six different fences at Sesmarias, totaling 8,150 meters, and is now
drilling a 17th hole testing potential massive sulfide mineralization in the gap between
Section 120S and Section 350S.
Paul W. Kuhn, President and CEO of Avrupa Minerals, commented, “ With the long,
mineralized sulfide intercept in SES21- 044, we have now confirmed the structural position
of a robust mineral system over 350 meters in length in the SES North sector alone, within
the known total Sesmarias massive sul fide mineralization of 1.7 kilometers . Continuation
of copper - and zinc -bearing mineralization is open both to the north and south, and to
some depth below present drilling. The SES21-044 intercept is now the longest, to date, in
the joint venture, and s hows good, continuous copper, lead, zinc, silver, and gold grades
over the majority of the intercept. The overall intercept includes intervals of higher -grade
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mineralization, and further evidence of metals’ zonation in the deposit . We are looking
forward to further enlargement of the Sesmarias mineralization and continued
improvement of the metals’ grades.”
SES North Results and Sections
To date, in the MATSA JV, t he Company completed 16 drill holes (including three holes
lost due to difficult downhole drilling conditions) in the SES North sector , and one scout
hole in the SES Central sector (SES21- 041), totaling 8,150 meters. The Company drilled
one scout hole, totaling 614 meters, in the Caveira District (CAV21 -001), located 16
kilometers north of Sesmarias.
Figure 1. Drill locations at Sesmarias North, along with plan view of massive sulfide
lenses projected to the surface. SES21 -044 is located along Section 350 S , and
SES21-046 is located in Section 250 S.
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Following is a summary of the results from SES21-044:
Table 1. Summary of results for SES21-044.
The geological section shows that mineralization can be divided into massive sulfides on
the east limb of the main syncline and stockwork to semi-massive sulfides on the west limb
of the main syncline. From detailed review of all core at Sesmarias North, it is apparent
that the east limb mineralization in SES21- 044 is the continuation of mineralization
previously intersected in SES21-039, while the west limb mineralization is the continuation
of mineralization seen in SES21- 040 (see AVU news release of September 21, 2021 ).
The Company expects that “two- limb” mineralization continues to the north, and that
further drilling will demonstrate the position of such base metal mineralization. The
Company also expects that massive sulfide mineralization is open to the south towards the
previously-discovered mineralization in the Sesmarias Central and South sectors (the “10”
Lens). Further work is planned in the Central sector to follow up “2” Lens mineralization,
which appears to be separate from the “10” Lens.
Section 350 S demonstrates the position of massive sulfide mineralization in a district -
scale fold system at Sesmarias North. The massive sulfide body is heavily folded, itself,
making it difficult to accurately estimate original true thickness of the beds, though best
thinking puts it at 30-40 meters.
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Figures 2a and 2b. 350S cross section, including SES21-044, and enlargement of the massive sulfide zone
Combining the results and the cross section, note that the longest, most continuous
intercept lies in the upper part of the massive sulfide mineralization. However, good
grades may also be found in the geologic ally underlying stockwork zone, found at both the
top and bottom of the full intercept. Strong folding of the mineral zone allows for
intersection of the bottom of the sulfide deposit in both the upper and lower portions of the
drill intercept. So far, as shown in this section, drilling cuts off the top of the mineralization
(SES21-042), intersects the west limb of the main fold (SES21- 040), and in SES21- 044
intersects both the east and west limbs of the main fold, as well as the perceived top and
bottom of the folded mineralization. Further drilling below SES21- 044 is necessary to
extend massive sulfide mineralization at depth in and around the apex of the syncline.
Drilling at SES21 -046 is now underway o n the 2 50 S section to test for copper - and zinc-
bearing massive sulfide mineralization between SES21-039 and SES21-044.
The continuing work program is fully funded by Minas de Aguas Teñidas, S.A. (“MATSA”).
MATSA can initially earn a 51% interest in the Alvalade Experimental Exploitation License
property by completing funding requirements set out in the joint venture agreement
between the companies. MATSA may then increase their interest in the Project to 85% by
preparing a bankable feasibility study. Avrupa previously described the details of the
agreement in news releases dated October 1, 2019 and November 20, 2019.
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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 km 2 in Portugal . Focused on innovation and the most
advanced technology to develop modern and sustainable mines, MATSA is currently a
50:50 joint venture company of Mubadala Investment Company, a sovereign investor
managing a global portfolio aimed at generating 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 , 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
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 the news release.
Information about the Lousal Mine comes directly from published academic documents prepared by the geological
survey of Portugal (LNEG), theses from the University of Lisbon, private company documents authored by mine
geologists employed at one time by the Lousal Mine, and copies of original mine records. The information is considered
accurate, but NOT compliant to present-day NI 43-101 regulations and standards.
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.