President’s Letter

 

December 21, 2020                                                                                 

Whew!!  Deep breath time…  The Company has been extremely busy at the Alvalade Project during the past few weeks.  As reported in our news release of December 10, 2020, we started drilling at the north end of the Sesmarias massive sulfide showing, and we will commence a helicopter-supported VTEM geophysical survey this week, possibly today, if the South Portugal winter rains finally manage to stop.  The initial diamond drill hole was originally slated to go to a depth of 400 to 500 meters, with several target zones anticipated.  In the end we drilled down more than 500 meters!  We are presently logging and testing the core, and hope to have a sample shipment off to the lab before the holidays start.

The VTEM survey will cover more than 75% of the Alvalade license.  We expect the first results from drilling to come in late January, given the drilling schedule, the end-of-the-year holidays, and the generally slow turnaround time from the laboratories these days.  Results from the geophysics will probably come in a similar timespan.

In addition, the Company held its Annual General Meeting on December 14th.  Shareholders approved all resolutions, with over 27% of the shares voted.  Most importantly, the Company’s present directors were approved for a 1-year term, and shareholders authorized a consolidation of the issued and outstanding common shares of the Company on the basis of one (1) post-consolidation common share for up to every four (4) pre-consolidation common shares.  Shareholders voted for all resolutions at a level greater than 99%.  The mandate to move the Company forward is well set, and we look forward to a real improvement in the affairs of the Company in the coming year.

  • The Company’s flagship Alvalade property is fully-funded.
  • Drilling and airborne geophysics will continue into the New Year.
  • Results from both are anticipated in late January.
  • New gold and base metal projects around Europe are under review.
  • The Company continues to make all efforts to maintain a healthy, safe, and sustainable working environment, particularly in deference to the ongoing COVID-19 pandemic situation.

During the past two weeks, we have done two interviews with investor media groups, and there is one new post on The Critical Investor.  These may be found through the following links:

And, today The Company starts trading on the new one-for-four consolidation basis.  We look at this as an opportunity to become more visible and palatable to a whole new group of investors, with a share price that allows for more financial mobility.  Oftentimes this is an excuse for dumping shares and dropping the share price in an unmanageable way.  We think NOT!!  With all the potential good news for Avrupa out there in January and beyond, we hope that things will quickly get better.  Metals’ prices are improved.  Interest in a green economy makes the primary targets of copper and zinc at Alvalade look better and better all the time.  These are not flashy commodities, but will be the basis of all environmentally acceptable economic growth for the immediate and long-term future.

We will continue to update you all and the rest of the exploration community as progress requires.  We look forward to your participation and support of the Company’s continued recovery in the coming months.

For additional information, contact Avrupa Minerals Ltd. at info@avrupaminerals.com or visit our website at www.avrupaminerals.com.

On behalf of the Board,
“Paul W. Kuhn”
Paul W. Kuhn, President & Director

This letter 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.

President's Letter - November 2020

November 2020

Recently, the Company was featured in an “extensive analysis” on the Critical Investor website:  https://www.criticalinvestor.eu/. The same article was reprinted in the Streetwise Reports/The Gold Report on October 26, 2020:  https://www.theaureport.com.  The article discusses, in depth, Avrupa’s flagship project, the Alvalade Copper-Zinc Project, located in the Iberian Pyrite Belt of Portugal.

The new Experimental Exploitation License was issued in June, and after a long wait, we are finally able to move ahead with planned work.  The Portuguese Mining Bureau approved the work plan, and we are progressing towards drilling startup in a few weeks.  The drill rig is in the country now, and drilling a couple of holes on our partner’s adjacent license while we complete land and water access permitting in several of the areas we plan to initially drill.

In addition to the drilling, we are also starting preparations for a helicopter-supported, airborne geophysical survey over the northern two-thirds of the Alvalade license.  We had originally planned to perform this survey next summer, but opportunity has arisen to move ahead sooner and more quickly on this particular project.

We will continue to update you all and the rest of the exploration community as progress requires.  We look forward to your participation and support of the Company’s continued recovery in the coming months.

For additional information, contact Avrupa Minerals Ltd. at info@avrupaminerals.com or visit our website at www.avrupaminerals.com.

On behalf of the Board,
“Paul W. Kuhn”
Paul W. Kuhn, President & Director

This letter 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.

President's Letter - July 2020

Last week, the Company posted a news release announcing that the Portuguese mining bureau had issued the new Alvalade Experimental Exploitation License. We can now proceed with exploration work to upgrade the known copper-zinc mineralization at the Sesmarias showing, look for extended copper-zinc mineralization at the nearby historic, 50 million tonne Lousal Mine, explore in more detail at the Monte da Bela Vista stockwork mineralized zone, and follow-up on any one of another 20+ prospects on the license.

Our partner MATSA is also excited about finally being able to move ahead at Alvalade. We have already initiated planning and budgeting for the summer work program, leading to drilling in Q4. So far, the area of Portugal where we work has been mostly spared from widespread COVID-19 infection and hospitalizations. With careful planning, support, and activity, we will continue with the plans for reviewing our own-drilled core, available historic core, localized ultra-trace level geochemistry in the Sesmarias area, and quite possibly airborne geophysics on the project scale. MATSA has a lot of experience and success in these same Pyrite Belt rock units in Spain, as we have here in Portugal, so we should work together well.

With all this great potential remaining untapped, we are pleased about getting the new license and getting back to the business of being a successful exploration company. Avrupa is monitoring the global health and financial crisis and will exercise caution and social responsibility to maintain safe and healthy programs in Portugal, as we have now been given the go-ahead to get back to work.

We will continue to update you all and the rest of the exploration community as progress requires. We look forward to your participation and support of the Company’s continued recovery in the coming months.

For those of you who did not receive the initial letter, I have included the following link to the letter, which includes basic technical parameters and description of the Sesmarias massive sulfide deposit. We have a really good discovery in an area with a lot of potential, and a great team, along with the necessary funding to manage it: https://avrupaminerals.com/presidents-letter/.

For additional information, contact Avrupa Minerals Ltd. at info@avrupaminerals.com or visit our website at www.avrupaminerals.com.

On behalf of the Board, 

“Paul W. Kuhn”

Paul W. Kuhn, President & Director

This letter 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.

President's Letter - April 2020

Given the current worldwide coronavirus health situation, the Company wishes to update the market on progress with our Alvalade Copper-Zinc Massive Sulfide Project in Portugal.  While we had originally planned for the Project to be fully licensed by now, the pandemic crisis has slowed the issuance process.  Fortunately, all parties involved in the process, Avrupa, our new joint venture partner, and the Mining Bureau of Portugal, continue to work towards completion of the Experimental Exploitation License contract.  As government edicts would preclude working in the field right now, it is fortuitous that we can move the licensing along and complete the process remotely.  Once the license is issued, we will receive the upfront funding, as required by our joint venture agreement, and will begin the actual technical and social planning necessary for drilling to commence.  Details of the agreement may be found in the Company’s news release of October 1, 2019.

The new, upgraded Alvalade license will cover approximately 115 square kilometers of highly prospective target area in a prime portion of the Iberian Pyrite Belt in Portugal.  The Sesmarias massive sulfide discovery lies just 7 kilometers south of the historic Lousal Mine and 9 kilometers south of our Monte da Bela Vista stockwork zone, all of which are covered by the Alvalade license.  Previous work at Sesmarias by Avrupa, itself, and by Avrupa with support from former JV partners, indicates that massive sulfide mineralization extends for at least 600 meters, may be as wide as 300 meters, and averages 25 meters in thickness.  Our work around Sesmarias also indicates that there is, at least, a further 2,000 meters of potentially mineralized target zone beyond the 600 meters of known massive sulfide mineralization.

Several technical sources estimate that the Lousal Mine originally contained upwards of 50 million metric tonnes of iron-, copper-, and zinc-bearing massive sulfide mineralization.  However, old mining records indicate that only 15-20 million metric tonnes of mineralized material were actually extracted during historic operations beginning in 1900 and continuing through 1988.  An independent consultant’s report commissioned by Avrupa in late 2017 suggests that Monte da Bela Vista-Lousal-Sesmarias could easily become a 50- to 100-million metric tonne copper-zinc, massive sulfide district. 

In addition, the under-explored, historic Caveira Mine area is located just 9 kilometers north of Monte da Bela Vista, and between the two are several Avrupa scout drill holes that intersected sulfide mineralization.  Furthermore, Avrupa has drilled mineralized scout holes in several target areas along a 25-kilometer line from Sesmarias to the south end of the Alvalade license.

With all this good potential still remaining untapped, we are excited about getting the new license issued and the exploration program back into swing, as health and economic conditions allow in southern Portugal.  To date, south Portugal has not been so hard-hit by COVID-19.  Avrupa is monitoring the global health and financial crisis and will exercise caution and social responsibility to maintain safe and healthy programs in Portugal, once we are given the go-ahead and permission to return to active exploration work.  Presently the company works and communicates remotely in all of our interest areas in Canada, Portugal, and Kosovo.

We will continue to update you all and the rest of the exploration community as progress requires, and we look forward to your participation and support of the Company’s recovery in the coming months.

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 letter 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.