Enter your name and email to Receive Updates
Avrupa To Acquire Three New Properties in Portugal
October 27, 2011
Aljesur License covers 270 km2 targeting precious metals
Alvito Licence covers 988 km2 targeting porphery copper and gold
Arga License covers 28 km2 targeting intrusion-related gold
Avrupa Minerals Ltd. (AVU:TSXV) is pleased to announce that that the Company has made three new license applications in Portugal, which have now been forwarded to the Portuguese government for signature. This is the final step in acquisition of a mineral property in Portugal. The Company has been informed that the Aljesur license will be signed on November 2nd. The other two license contract agreements are on track to be finalized before the end of the year.
The Aljesur application covers 270 square kilometers of land in southwestern Portugal with the target being potential precious metal mineralization related to an alkalic intrusion complex. Copper and zinc stream sediment anomalies from previously-undertaken sampling bracket the western and southwestern margins of the intrusion complex. Analysis for gold in these samples was never requested. In addition, several academic studies of the intrusion from the 1970's thorough 1990's note the presence of elevated values of rare earth elements.
The Alvito application covers 988 square kilometers of prospectable land straddling the northeastern margin of the Pyrite Belt, adjacent to the Marateca license, and the Ossa Morena zone of southern Portugal. There has been some scattered exploration in the lands covered by the application, but Avrupa expects to undertake the initial systematic grassroots program in the region for possible porphyry copper and gold mineralization. The application area also covers extensions of several target areas from the Company's Marateca license, lying immediately to the west of Alvito.
The Arga application, covering 28.4 square kilometers, is located in northwestern Portugal, adjacent to the south of the Company's Covas tungsten property. Covas is presently optioned to Blackheath Resources (see May 18, 2011 press release). The Arga area has seen previous mapping and sampling, but no drilling. The property covers gold-silver-arsenic-bearing quartz vein swarms spatially related to a granitic intrusion complex. The regional structure that controls location of the Covas tungsten deposit also localizes the Arga vein systems.
Avrupa will commence regional-style first pass reconnaissance exploration once the licenses have been delivered to the Company. There are already known areas of interest on all three potential properties, and the Company will also concentrate in these places, during the initial work. The goal of the exploration programs on these licenses will be to upgrade the projects to an interest level where they can be considered for single-target or strategic joint ventures with larger companies.
Avrupa Minerals Ltd. is a growth-oriented junior exploration and development company focused on aggressive exploration, using a prospect generator model, for valuable mineral deposits in politically stable and prospective regions of Europe, including Portugal and Kosovo.
Avrupa has an exciting portfolio of exploration projects consisting of:
- Copper and Zinc in Portugal at Marateca and in the Alvalade JV project area located in the Iberian Pyrite Belt, where Europe's richest active copper mine is located;
- Tungsten and Gold in Portugal at the Covas JV project area;
- Silver, Lead and Zinc in Kosovo at the Glavej, Kamenica, Selac, and Bajgora properties in the Trepça Mineral Belt of the Vardar Zone, historically, Europe's most productive district for lead and zinc;
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 in the State of Washington, USA, 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.