Avrupa Completes Present Phase of Drilling at Sesmarias, Portugal
17 April 2014 - 11:00PM
Marketwired
Avrupa Completes Present Phase of Drilling at Sesmarias, Portugal
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 17, 2014) -
Avrupa Minerals Ltd. (TSX-VENTURE:AVU)(FRANKFURT:8AM) is pleased to
announce the completion of the Phase 4 drilling program on the
Alvalade Joint Venture project in the Iberian Pyrite Belt of
Portugal. The Alvalade project is operated by Avrupa and funded by
a wholly-owned subsidiary of Antofagasta plc ("Antofagasta"). As
previously reported, Antofagasta has earned-in to 51% of the
project with total funding of US$4.3 million.
The final six holes of Phase 4 consisted of 1,531.3 meters of
drilling to depths between 160.2 meters and 334.1 meters. We
collared the holes in the general area of the recently-announced
Sesmarias massive sulfide drill intersection. With our upgraded and
developing geological model of the Pyrite Belt, and with the
advantage that we have intersected massive mineralization at
Sesmarias, we designed the follow-up drilling program to test the
immediate area of the discovery, as well as to initiate testing the
idea that Sesmarias is a large-scale system, covering a much wider
area. We are currently performing orientation-style ground
geophysical surveys, and Company geologists are logging and
sampling the new drill core. Avrupa will announce results in the
next few weeks.
Avrupa and Antofagasta are holding joint venture team meetings
over the next few weeks to compile and assess all results and plan
for the next phase of the project. We expect to be able to comment
on the details of the summer exploration plans after completion of
the joint venture meetings, and at the same time announce the drill
results.
Antofagasta plc is listed on the London Stock Exchange, is a
constituent of the FTSE-100 Index, and has significant mining
interests in Chile. Antofagasta plc operates four copper mines: Los
Pelambres, Esperanza, El Tesoro and Michilla. Total production in
2013 was 721,200 tonnes of copper, 9,000 tonnes of molybdenum, and
293,800 ounces of gold. Antofagasta plc also has exploration,
evaluation and/or feasibility programs in North America, Latin
America, Europe, Asia, Australia and Africa.
Avrupa Minerals Ltd. is a growth-oriented junior exploration and
development company focused on discovery, using a prospect
generator model, of valuable mineral deposits in politically stable
and prospective regions of Europe, including Portugal, Kosovo, and
Germany.
The Company currently holds 15 exploration licenses in three
European countries, including nine in Portugal covering 2,980 km2,
five in Kosovo covering 153 km2, and one in Germany covering 307
km2. Avrupa operates three joint ventures and one exploration
alliance in Portugal, including:
- The Alvalade JV, with Antofagasta, covering one license in the
Iberian Pyrite Belt of southern Portugal, for Cu-rich massive
sulfide deposits;
- The Covas JV, with Blackheath Resources, covering one license
in northern Portugal, for intrusion-related W deposits; and
- The Arga JV, also with Blackheath Resources, covering one
license located adjacent to the Covas JV, for intrusion-related
Au-W deposits.
- The CalGen Exploration Alliance, with Callinan Royalties Corp.,
covering generative exploration throughout Portugal, and including
specific prospect upgrade work on the Alvito IOCG license in
southern Portugal.
Avrupa is currently upgrading precious and base metal targets to
JV-ready status in a variety of districts on their other licenses,
with the idea of attracting potential partners to project-specific
and/or regional exploration programs.
On behalf of the Board,
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.
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.
Avrupa Minerals Ltd.1-604-687-3520www.avrupaminerals.com
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