Drilling at Alvito IOCG Project Commences
1
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
May 3, 2018 NR 06 - 2018
Drilling at Alvito IOCG Project Commences
Avrupa Minerals Ltd. (AVU:TSXV) is pleased to present an update on the Alvito
Project in South Portugal. Exploration work is funded by OZ Minerals, who are
spending A$ 1 million on exploration to earn -in to 51% of the 300 -square kilometer
Project. To date Avrupa has completed ground ma gnetics and gravity geophysical
surveys, geological mapping, rock chip sampling, and drill targeting. Avrupa and OZ
geologists consider the targets to potentially fit into the exploration model for iron oxide
(magnetite) copper gold (IOCG) deposits.
Originally, a 1500-meter drilling program was slated to be completed during Q3/4 2017,
but ongoing ground exploration yielded positive results from additional areas , and that
work continued right up until the end of 2017. The proposed drill project has now been
increased to 15 holes and approximately 2, 100 meters at seven separate target areas.
Targeting has been based on positive results from ground magnetics and gravity
surveys along with coincident copper and gold geochemical anomalism.
Target Name Target Characteristics –
Magnetite IOCG
Drill holes
planned
Planned
hole lengths
Entre Matinhas Magnetite breccia, boundary fault 5 100-150 m
Manisela Fault (gossan) 1 200 m
Entre As Matas Fault, fracture zone 2 150-175 m
Mata Contact and fault intersection;
magnetite breccia and quartz vein 1 100 m
Monte do Outeiro Dikes and fault, gossan 2 150-175 m
Cova Das Minas Quartz vein and fault zone 3 100-150 m
Ribeira Dikes and faults 1 150 m
Table 1. List of target areas for the Alvito Magnetite IOCG Project, initial phase drilling program.
Drilling will start in the Entre Matinhas target area, and continue in the Manisela, Mata,
Outeiro, Entre as Matas, Cova das Minas, Ribeira, and Vale Nogueira areas (see news
release of January 22, 2 018). Holes will range in depth from 100 to 200 meters. The
program is expected to continue for 1 ½ to 2 months, with results anticipated by the end
of Q2 2018.
2
Figure 1. Map of the Alvito license with drilling target areas noted in red.
Paul W. Kuhn, President and CEO of Avrupa, commented “We are certainly ready and
excited for the start -up of the drilling program after a year of exploration around the
license. Our partner OZ Minerals has continued to provide funding and technical
support for th e program, and we are looking forward to seeing the results of this first
truly systematic exploration program in the Alvito Project area.”
3
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 eight exploration licenses in three European countries,
including five in Portugal covering 2,911 km2, two in Kosovo covering 47 km 2, and one
in Germany covering 307 km2. Avrupa now has six active option and joint ventures, five
in Portugal and one in Kosovo, including:
The Alvalade, Marateca and Mertola properties with an international mining
company on the Iberian Pyrite Belt in southern Portugal.
The Alvito Option Agreement with OZ Minerals Limited covering one license in
the Ossa Morena Zone in southern Portugal, for IOCG 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 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.
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 m anagement, 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 Instrum ent 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.
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.