Avrupa Announces Continuation of Drilling at Alvalade JV, Portugal
07 Novembro 2013 - 6:15PM
Marketwired Canada
Avrupa Minerals Ltd. (TSX VENTURE:AVU)(FRANKFURT:8AM) is pleased to report that
funding and general planning for the next phase of diamond drilling at the
Alvalade JV copper project in Portugal has been approved by its partner, a
wholly owned subsidiary of Antofagasta plc ("Antofagasta").
Drilling of some 3,500 meters will begin in mid-January 2014 and will focus on:
1) identifying new targets lying under consolidated Tertiary rock cover; and 2)
following-up on previous and ongoing work in the Monte de Bela Vista and Monte
de Bela Vista West target areas. In addition, a 2,500-sample soil program will
be completed in the target areas between Monte de Bela Vista West and the
Caveira Mine. The costs of these programs will be funded by Antofagasta as part
of their earn-in agreement.
The government of Portugal has also approved the amalgamation of the three
exploration licenses contained in the Alvalade JV into a single exploration
license. The new Alvalade license was issued on October 31, 2013, and has been
granted until December 31, 2016. No land reductions are required during this
time frame, and the license may be renewed for up to two one-year periods, with
a 50% land reduction upon each renewal. The total area of the license is
approximately 902 square kilometers. The new license covers four prospective
mineral trends: the Neves Corvo Belt, the Aljustrel Belt, the Sao Domingoes
(Northern) Belt, and the newly emerging Santa Margarida da Serra Belt. Two large
copper-zinc mines, Neves Corvo and Aljustrel, are presently operating close to
the Avrupa license.
Paul W. Kuhn, President and CEO of Avrupa, commented, "The granting of the
license amalgamation and extension of the validity of the exploration rights by
the Portuguese government has paved the way for Antofagasta to approve funding
for a new drilling program. We will concentrate our next program in target areas
along the Neves Corvo trend. Continued improvement of our understanding of the
geological and structural aspects of our target areas is leading to new
possibilities along all four mineral belts."
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 2012 was 709,600 tonnes of copper, 12,200 tonnes of
molybdenum and 299,900 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 9 in Portugal covering 2,980 km2, five in Kosovo covering 153 km2, and
one in Germany covering 307 km2. Avrupa operates three joint ventures 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.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Avrupa Minerals Ltd.
1-604-687-3520
1-888-889-4874 (FAX)
www.avrupaminerals.com
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