Portugal Licenses Avrupa Minerals, through its wholly-owned subsidiary, MAEPA Lda., holds 6 exploration licenses in Portugal, spread from the north to the south in the country. Total area under control by Avrupa is approximately 3,271 square kilometers.

The Covas license, located about 100 kilometers north of Porto, Portugal's second largest city, covers known and previously mined tungsten mineralization. The Covas project is now included in a JV with, and funded by, Blackheath Resources Inc.  Three phases of drilling have been completed on the project, culminating in the Q1 2015 announcement by Blackheath that they had completed an independent, NI 43-101 – compliant resource estimate for the Covas Tungsten Project, which consists of seven separate deposits in close proximity.

Covas is now estimated to contain:

  • 449,800 MTUs WO3 indicated mineral resource based on 1,081,000 tonnes at an average grade of 0.42% WO3
  • 767,100 MTUs WO3 inferred mineral resource based on 2,211,000 tonnes at an average grade of 0.35% WO3

Blackheath commented further, concerning the resource:

  • Substantial increase in MTUs over previous historical estimates
  • Shallow depth -- Over 80% of the resource is located within 60 meters of surface
  • Mineralization remains open in multiple directions, including high-grade potential areas that will be tested during the next drill campaign focusing on resource growth and grade increase
  • Higher grade resource using a 0.25% WO3 cut-off
    • 375,200 MTUs WO3 indicated based on 686,000 tonnes at an average grade of 0.55% WO3, and
    • 584,900 MTUs WO3 inferred based on 1,281,000 tonnes at an average grade of 0.46% WO3.

Further drilling is planned for the Covas license during the 2017 field season.

Avrupa holds four licenses (Alvalade, Marateca, Mertola, and Santa Margarida do Sado) in the Portuguese portion of the Iberian Pyrite Belt (IPB). The IPB is historically one of the world's largest and most prolific copper-zinc-iron massive sulfide belts. Three of the Company's IPB licenses are located to the northwest of, and along trend from the giant Neves Corvo copper-zinc-tin massive sulfide deposit, presently being mined by Lundin Mining.  The fourth license is located east of Neves Corvo, along a parallel mineral belt that hosts the past-producing São Domingos Mine.

Avrupa completed a four-hole scout drilling project in 2010-11 on the Marateca license. Two of the holes intercepted silver-rich stockwork mineralization at the Serrinha location. Two massive sulfide targets at São Martinho and Volta were not reached due to difficult drilling conditions. There are at least eight more target areas are present in the Marateca license area.  The Company drilled two shallow test holes in the Pego do Altar gossan target at the end of 2016, which showed down dip continuation of sulfide mineralization.  The Company is currently completing a ground-based gravity survey over the Pego do Altar prospect to enhance subsequent drill targeting.

The Company acquired the Santa Margarida do Sado and Mertola licenses in 2014. Santa Margarida covers potential northward extensions of mineralization from the historic Canal Caveira Mine, located on the Alvalade license, immediately adjacent to the south. All four VMS target belts in Portugal -- Neves Corvo, Aljustrel, São Domingos, and Santa Margarida de Serra -- pass through the Santa Margarida license, suggesting strong exploration potential over a large area.  Already, based on historic exploration, the Company has recognized several general drill target areas within the license.

The second license, Mertola, is located east of Neves Corvo, and covers the eastern portion, in Portugal, of the São Domingos VMS target belt.  The past-producing São Domingos Mine is located close to the east end of the license, and is central to an area of good copper- and zinc-bearing massive sulfide targets. There are numerous known prospects on the license, and core from over 35 holes of historic drilling is available for re-logging and re-sampling.  The Company has developed a ready-to-go VMS drill target at the Chança prospect, located in the NE corner of the license.

The Alvalade license has been the basis of two joint ventures since 2012. Previous partners have funded US$ 7.65 million, to date, for exploration on the license.  On June 19, 2017 Avrupa announced that the Alvalade license had been consolidated, and that the Company again holds 100% of the license.  Avrupa will now conduct a wide-reaching search for a new partner at Alvalade.

Work on Alvalade has resulted in two discoveries to date:  The first is located at the Sesmarias target area where the Company has discovered several pods of massive sulfide mineralization over a strike length of 1,800 meters.  The Sesmarias area is located about seven kilometers SE of the Lousal Mine.  The second discovery at the Monte da Bela Vista target area is a large stockwork zone located about three kilometers north of the Lousal Mine.  Further work is anticipated for both areas during the 2017 filed season.

In February 2014, the Company announced a significant massive sulfide drill intercept in the Sesmarias target area, located approximately seven kilometers south of the historic Lousal Mine, under 100 meters of weakly consolidated sedimentary cover.Follow-up drilling during 2014 and 2015-16 in the Sesmarias target area has identified a 1,800-meter strike length of massive sulfide pods in potentially further-mineralized black shale rock units.  In addition to down dip potential of the already-known mineralization, there are at least four other drill target areas in the immediate Sesmarias prospect area.

Also in 2014, several holes drilled into the Pombal basin area, located about 15 kilometers south of Sesmarias, encountered weak base metal mineralization and potential VMS-style alteration in the same part of the stratigraphic section as at Sesmarias. Further exploration into the Pombal basin target area is warranted.

In addition, holes in the Monte da Bela Vista, Furadouro, Santa Margarida da Serra, and Faleiros target areas intercepted visible copper mineralization and require further follow-up drilling. Five of these holes contained intervals of greater than 0.3% copper over intervals from 1 to 22 meters in width.

In all drilling campaigns, drill targeting was designed to both explore for massive sulfide deposits and to assist in revising and updating the model for geological and structural control of potential mineralization. Avrupa geologists, along with former partner geologists and several consultants, successfully devised a new working model for drill targeting in the northern regions of the Pyrite Belt, thus opening up large new areas for possible massive sulfide mineralization along three mineral trends within the JV area. Most work, to date, has been attempted on the Neves Corvo mineral belt, but now it is clear that more exploration is needed along the Aljustrel and São Domingos mineral belts that cross the Alvalade license.

The Company controls a large exploration land package in the Ossa Morena Zone, adjacent to the north of the Pyrite Belt.The Alvito permit, covering 303 square kilometers, was recently renewed for 30 months, and is prospective for iron oxide copper-gold systems. The Company has already identified more than 20 different mineral targets on the license. Previous partners on the project have funded approximately US$ 350,000 in exploration at Alvito.

Recently Avrupa entered into a new earn-in option agreement with OZ Minerals Ltd. to explore on the Alvito license. Avrupa is the operator of the JV, and the first work will be to undertake a property-wide, ground-based magnetics and gravity survey.  The survey will be completed in 2.5 months, and will be the main assist for drill targeting later in 2017.

Previous regional soil sampling identified a 25-kilometer trend of copper anomalism within the license area.  In 2015, at the central Alcaçovas IOCG target, Avrupa drilled 29 shallow holes, totaling 356 meters, to collect sub-surface samples below the soil cover and through the leached bedrock zone. All of these holes have been drilled only to 10 – 20 meters, or less, in depth. Twenty-five of the holes intercepted IOCG-style alteration and some copper mineralization.

  • COVAS JV - 19.5 square kilometers
     
  • ALVALADE – 901.9 square kilometers
     
  • ALVITO – 303.1 square kilometers
  • MARATECA – 923.2 square kilometers
     
  • MERTOLA – 762.9 square kilometers
     
  • SANTA MARGARIDA DO SADO – 360.5 square kilometers