- Covers Slivova gold prospect and potential extensions, totaling 31.2 km2.
- New exploration potential covered in larger license area.
- Initial, surface-mineable NI 43-101 indicated mineral resource calculated in 2016.
- 640,000 mt @ 4.8 g/t gold and 14.68 g/t silver (1).
- 98,700 ounces gold and 302,000 ounces of silver (1).
- Subsequent follow-up drilling in 2016 successful (2,3).
Avrupa Minerals Ltd. (TSX-V: AVU) is excited to announce that it has received a new, 7-year exploration permit covering the Slivova gold prospect and potential extensions, located in The Republic of Kosovo. The Company discovered the gold prospect in late 2012, and did extensive work on the property through a joint venture partnership that continued from 2014 until 2018. From that time, the Company placed the Project on hold while renewing and upgrading the land tenure situation, and continues to actively search for potential JV partners experienced in small-mine operations.
Paul W. Kuhn, President and CEO of Avrupa Minerals, commented, “We are truly excited to reclaim the Slivova gold prospect after several years of working out the exploration licensing situation in the Project area. The new exploration license allows us up to seven years to potentially advance the prospect to a mining solution, and is more than double the size of the original Slivova license. In addition to upgrading the main zone and close-in satellite deposits, we will now have the opportunity to follow on new targets and previously-speculated extensions to further increase the size of the mineral resource at Slivova. The Company is actively discussing with potential mining partners to quickly advance the Project through joint venture operations.”
Please refer to the following historic news releases for more detailed information covering the Slivovo Gold Project:
(1) Initial Metal Resource Calculation
(2) Subsequent Drilling Results — August 2016
(3) Further Drilling Results — September 2016
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.