Avrupa Commences Phase 4 Drilling at Alvalade, Portugal
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 01/20/14 -- Avrupa
Minerals Ltd. (TSX VENTURE: AVU) (FRANKFURT: 8AM) is pleased to
announce that Phase 4 drilling at the Alvalade Project, located in
the Pyrite Belt of southern Portugal, commenced last week. The
Alvalade Project is operated by Avrupa and funded by a wholly owned
subsidiary of Antofagasta plc ("Antofagasta"). As previously
reported, Antofagasta has earned-in to 51% of the project with total
funding of US$4.3 million. The partners have now drilled 24 holes and
nearly 11,000 meters in three previous phases of drilling.
The new phase of drilling is designed for 3,500 meters in ten holes.
During Phase 4a, one hole will be drilled at the Monte da Bela Vista
West target (MBVW), located approximately 400 meters to the west of
the Monte da Bela Vista mineralization drilled during 2012-2013. A
further six holes will be drilled in Phase 4a around two new target
areas that have never been drilled before. These six holes will be
collared in young cover sediments, which completely obscure visual
sighting of the target rocks and may be as thick as 200 meters. The
holes will be drilled through the sediments and then 30-40 meters
into the target basement rocks. The information collected from the
short forays into the basement rocks will then be used to help target
vectoring towards true deep massive sulfide targets. Phase 4b will
include three follow-up deep tests from locations indicated by the
blind vectoring drilling.
All of the drill targets are located on the Neves Corvo Trend of
target rocks in the Pyrite Belt. The giant Neves Corvo copper-zinc
mineral deposit complex is located only 60-70 kilometers southeast of
the area of the present drilling program. Seven of the world's 25
largest volcanogenic massive sulfide deposits are located in the
Pyrite Belt of Portugal and Spain. There are presently four active
mines in the 200 kilometer-long belt, including Neves and Aljustrel
in Portugal, and Aguas Tenidas and Las Cruces in Spain. The largest
of all the Pyrite Belt deposits, Rio Tinto in Spain, is currently in
the permitting process for re-opening.
Paul Kuhn, President and CEO of Avrupa commented, "We are quite
pleased to start this new phase of drilling. It has taken us much of
the past two years to get to this point where our understanding of
the presumed subsurface geology actually allows us to drill through
the thick cover and anticipate intercepting rocks that may be altered
and even mineralized. The information we get from the basement rocks
at the bottom of each of these six holes will lead us further into
the right direction for targeting massive sulfide mineralization.
This is an exciting, yet risky, step forward in the evolution of the
project. Meanwhile, the other half of the story is that the MBVW hole
is the continuation of our work at Monte da Bela Vista where we
discovered stockwork copper mineralization in 2012-2013. All previous
work at Monte da Bela Vista was located in the eastern limb of a
large fold feature, and the new hole will begin a test of the western
limb of the structure."
Antofagasta plc is listed on the London Stock Exchange, is a
constituent of the FTSE-100 Index, and has significant mining
interests in Chile. Antofagasta plc 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. Antofagasta plc 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 discovery, using a prospect generator
model, of valuable mineral deposits in politically stable and
prospective regions of Europe, including Portugal, Kosovo, and
The Company currently holds 15 exploration licenses in three European
countries, including nine in Portugal covering 2,980 km(2), five in
Kosovo covering 153 km(2), and one in Germany covering 307 km(2).
Avrupa operates three joint ventures in Portugal, including:
-- The Alvalade JV, with Antofagasta, covering one license in the Iberian
Pyrite Belt of southern Portugal, for Cu-rich massive sulfide deposits;
-- The Covas JV, with Blackheath Resources, covering one license in
northern Portugal, for intrusion-related W deposits; and
-- The Arga JV, also with Blackheath Resources, covering one license
located adjacent to the Covas JV, for intrusion-related Au-W deposits.
Avrupa is currently upgrading precious and base metal targets to
JV-ready status in a variety of districts on their other licenses,
with the idea of attracting potential partners to project-specific
and/or regional exploration programs.
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.
(888) 889-4874 (FAX)
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