Drilling Re-Starts at Alvalade VMS Project, Portugal
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NR 13 - 2022
Drilling Re-Starts at Alvalade VMS Project, Portugal
• The new (9th) phase of drilling will initially test targets over 11-
kilometer strike length between the historic Lousal and Caveira
Mines;
• First hole is testing potential northwest extension of Lousal Mine
orebody;
• Other holes will test targets at Monte da Bela Vista and the Caveira
Mine area , and then several in-between VTEM geophysical
anomalies.
• Following exploration targets’ drilling, the program will return to
Central and Southern sectors at Sesmarias.
• 10-12 drill holes expected, totaling +6,000 meters in Phase 9.
Vancouver, BC – September 15, 2022 – Avrupa Minerals Ltd. (AVU:TSXV)
announces that drilling re-started on the Alvalade Joint Venture Project in the Pyrite Belt
of southern Portugal. The program is a joint venture between Avrupa Minerals (“AVU”
or “Company”) and Minas de Aguas Teñidas, S.A. ( “Sandfire MATSA ” or “MATSA” ).
Avrupa continues to operate the pr oject through the JV entity PorMining Lda. To date,
at Sesmarias North, the Company completed 17 diamond drill holes, totaling 8,900
meters, on six different fences along a strike length of 400 meters, as well as one
further drill hole in the Caveira Dist rict, totaling 614 meters (see news release of April 4,
2022).
The new phase of drilling (9th overall) will initially target anomalies located between the
historic Lousal and Caveira Mines, over a strike length of approximately 11 kilometers.
The first drill hole t argets potential mineralization located 300- 400 meters northwest of
the last reported mineralization in the Lousal Mine. Following this Lousal Northwest
hole, depending on results, we anticipate further testing in the Lousal area, as well as
targets at the Monte da Bela Vista prospect drilled by Avrupa in 2012- 2014, new targets
in the Caveira Mine vicinity, and several strong VTEM geophysical anomalies located
between Monte da Bela Vista and the south end of the Caveira Mine mineralized zones.
Once the drill rig is available for return to Sesmarias, or a second rig becomes available,
we plan further exploratory drilling within the Central and Southern sectors of the known
mineralization. Previous, wide-spaced drilling by Avrupa demonstrated the presence of
robust massive sulfide mineralization over a further strike length of +1,200 meters
through the central and southern sectors at Sesmarias.
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Figure 1. Map of Alvalade Experimental Exploitation License showing general locations of drill target
areas which have been selected using a wide range of geological, geophysical, and geochemical tools.
Note that the black, dashed lines that traverse the length of the license outline the corridor of favorable
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geology, geochemistry, and VTEM geophysical conditions. Note also significant interference from
railroad tracks, powerlines, and a solar farm in the Azinheira area (all in washed-out purple color).
Figure 2. Location of Sesmarias massive sulfide mineralization, showing both recent and historic drilling
on the project. Present joint venture drilled only about 400 meters of strike length, to date. Mineralization
is open to the north. Previous, wide-spaced drilling outlined a further +1,200 meters to the south of recent
JV work. Mineralization is potentially open to the south, as well, beyond the 1,200-meter estimate.
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Avrupa expects to drill a further 6,000 meters in 10 to 12 drill holes in the current phase
of drilling. MATSA has indicated that the budget for Phase 9 is in the range of 1.4 to 1.7
million euros. The budget will also include further re- processing of the VTEM data and
an airborne gravity survey to cover the entire license, using modern tech niques and
detailed location and elevation information to replace a patchwork of historic gravity
surveys from the 1990’s. Historically, gravity surveys are effective tools for locating
non-visible, buried massive sulfide bodies in the Iberian Pyrite Belt . The r e-processing
of the VTEM data is presently underway, and we expect to perform the gravity survey
around mid - Q4 2022.
Paul W. Kuhn, President and CEO of Avrupa, commented, “We are excited to get the
drilling going again. The JV geology team has constructed a set of hard targets along
an 11-kilometer strike length between the Lousal and Caveira Mines. While we have
concentrated our efforts at Sesmarias for good reason, and will get back to drilling the
Sesmarias copper-zinc prospect, we are also quite excited to test the other VMS targets
that we have developed over the past two years.”
Figure 3. Drill set-up at LNW22-001, 360 meters northwest of last
reported mineralization at the historic Lousal Mine, 300 Level
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Minas de Aguas Teñidas, S.A. (Sandfire MATSA) is a modern mining company which
owns and operates the MATSA Mining Operations in the Huelva province of Spain. With
a processing plant located to the north of the Iberian Pyrite Belt that sources ore from
three underground mines, Aguas Teñidas and Magdalena M ines in Almonaster la Real
and the Sotiel M ine in Calañas, Sandfire MATSA produces copper, zinc and lead
mineral concentrates that are sold from the port of Huelva. Sandfire MATSA also holds
1,312 km 2 of exploration permits in the south of Spain and 1,106 km 2 in Portugal.
Sandfire MATSA is a wholly owned company of Sandfire Resources Ltd, a mining and
exploration company listed on the Australian Securities Exchange (ASX: SFR).
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, presently optioned to Sandfire MATSA in an earn- in joint venture
agreement. The Company now holds one 100% -owned exploration license covering
the Slivova gold prospect in Kosovo, and is actively advancing four prospects in central
Finland through the recently -announced acquisition of Akkerman Finland Oy. 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.
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.