Avrupa Commences Phase 3 Drilling on Alvalade Project, Southern Portugal
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/05/13 -- Avrupa
Minerals Ltd. (TSX VENTURE:AVU)(FRANKFURT:8AM) is pleased to announce
the start-up of the third phase of drilling at the Alvalade JV
exploration project in southern Portugal. The project is operated by
Avrupa Minerals and fully funded by Antofagasta Minerals, SA.
The joint venture anticipates drilling up to ten drill holes and
approximately 4,500 to 5,000 meters in this phase of the project. The
first part of the new program will target the Monte da Bela Vista
area, where previous drilling by the joint venture intersected
copper- and gold-bearing vein mineralization, and around the
formerly-producing mines at Canal Caveira and Lousal. Further
drilling is also planned for several other areas along the Neves
Corvo and Aljust
rel target trends.
To view the Interpretive Geologic Map of the Alvalade JV, Portugal
accompanying this press release, please click on the following link:
Paul Kuhn, President and CEO of Avrupa Minerals, said, "We are
excited about the start-up of the new phase of drilling at Alvalade.
Along with high expectations for the follow-up holes at Monte da Bela
Vista, Canal Caveira, and Lousal, we also have a long list of new,
high-quality targets. The Alvalade team has developed a total of 23
targets that deserve drill-testing in this phase, though only eight
or nine are planned for the coming program. We continue to test areas
with exposed target rocks, as well as areas where the targets have
been developed under the extensive, property-wide sand, gravel, and
Antofagasta Minerals SA ("AMSA") is the mining division of
Antofagasta plc. Antofagasta plc is listed on the London Stock
Exchange and is a constituent of the FTSE-100 Index, with interests
also in transport and water distribution. Currently, AMSA activities
are primarily concentrated in Chile where it owns and 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. AMSA 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 aggressive exploration, using a
prospect generator model, for valuable mineral deposits in
politically stable and prospective regions of Europe, including
Portugal, Kosovo, and Germany.
The Company currently holds 16 exploration licenses in three European
countries, including 10 in Portugal covering 2,276 km2, five in
Kosovo covering 153 km2, and one in Germany covering 307 km2. Avrupa
operates two joint ventures in Portugal, covering four of the
-- The Alvalade JV, with Antofagasta Minerals SA, covering three licenses
in the Iberian Pyrite Belt of southern Portugal, for Cu-rich massive
sulfide deposits; and
-- The Covas JV, with Blackheath Resources, covering one license in
northern Portugal, for intrusion-related Au-W deposits.
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
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.
Avrupa Minerals Ltd.
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