Avrupa and Antofagasta Intersect Copper-Rich VMS in Pyrite Belt, Portugal

Avrupa and Antofagasta Intersect Copper-Rich VMS in Pyrite Belt, Portugal 
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/27/14 --   Avrupa
Minerals Ltd. (TSX VENTURE: AVU)(FRANKFURT: 8AM) -  


 
 
--  First greenfields discovery of massive sulfide mineralization in 20
    years in the Iberian Pyrite Belt 
--  10.85 meters of massive and semi-massive/stockwork sulfide
    mineralization grading 1.81% Cu, 2.57% Pb, 4.38% Zn, 0.13% Sn, and 75.27
    ppm Ag 
--  Including 7.95 meters @ 2.21% Cu, 3.05% Pb, 4.82% Zn, 0.15% Sn, 89.8 ppm
    Ag 
--  Followed by 2.90 meters @ 0.71% Cu, 1.27% Pb, 3.17% Zn, 0.092% Sn, 35.4
    ppm Ag 
--  Avrupa and Antofagasta sign an amended Joint Venture Agreement

Avrupa Minerals Ltd. is pleased to announce that recent drilling at
Sesmarias South in the Alvalade Joint Venture project, located in the
Pyrite Belt of southern Portugal, intersected copper-bearing massive
and semi-massive sulfide mineralization. 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. Since the beginning of the project, the partners have
drilled 28 holes and nearly 12,250 meters in all phases of drilling
around the project area. 
The discovery of massive sulfide mineralization occurred in the
second drill hole at the new Sesmarias South target area, which is
covered by approximately 100 meters of young cover sediments that
completely obscure visual sighting of the target rocks. Sesmarias
South is located approximately seven kilometers south of the
past-producing Lousal Mine and 50 kilometers northwest of Lundin
Mining's Neves Corvo Mine, along the Neves Corvo trend of the Iberian
Pyrite Belt in Portugal. The discovery is the first greenfields
success in the Pyrite Belt of both Portugal and Spain since 1994. 
The mineralized intercept in SES002 totals 16.85 meters, as described
in the table below. The intercept includes a zone of massive sulfide
mineralization, then underlain by a zone of semi-massive sulfides and
strong stockwork sulfide veining. There follows a narrow shear zone,
which is, in turn, underlain by a further zone of strong alteration
with anomalous disseminated and stockwork sulfide mineralization. The
analytical results for each of the three zones follow: 


 
 
-----------------------------------------------------------------------
-----
                                                Ag                          
SULFIDE TYPE         FROM     TO TOTAL  Cu %   ppm  Pb %  Zn %   Sn %   Co %
----------------------------------------------------------------------------
Massive            151.65 159.60  7.95  2.21  89.8  3.05  4.82   0.15  0.084
Semi-                                                                       
 massive/stockwork 159.60 162.50  2.90  0.71 35.45  1.27  3.17  0.092  0.051
----------------------------------------------------------------------------
TOTAL                            10.85  1.81 75.27  2.57  4.38   0.13  0.075
----------------------------------------------------------------------------
                                          Cu    Ag    Pb    Zn            Co
                     FROM     TO TOTAL   ppm   ppm   ppm   ppm    ---    ppm
----------------------------------------------------------------------------
Weak/moderate                                                               
 stockwork         162.50 168.50  6.00  4514 10.57  1886  4838    ---    528
----------------------------------------------------------------------------

Follow-up drilling at Sesmarias South will commence on March 1st. Up to
three holes are initially planned in order to determine the
orientation of the potential mineralized body, which is totally blind
from the surface.  
Paul W. Kuhn, President and CEO of Avrupa Minerals, commented, "The
discovery of the Sesmarias South mineralization is really and truly
an exciting event! This is the first greenfields VMS intersect the
Pyrite Belt in 20 years. This discovery of massive sulfide
mineralization is the result of three years of study, drilling,
re-study, more drilling, reliance on the still-evolving structural
and geological model for mineralization in the Pyrite Belt, full
dedication from both the Avrupa and Antofagasta teams, and a
willingness by Antofagasta to continue the necessary funding for the
program. We are looking forward to the start of the follow-up
drilling at Sesmarias, as well as continued first-pass exploration in
our other target areas." 
In addition to the Sesmarias South success the Alvalade JV partners
have also signed an amended Joint Venture Agreement (JVA) which
allows for more interim funding by Antofagasta, an expanded time
frame in which to get to a feasibility study decision, and a means
for Avrupa to be carried to production, if there is a production
decision to be made for the project. The amended agreement carries
the following terms (in summary): 


 
 
--  After due diligence, exploration funding of US$ 300,000 (completed). 
--  Antofagasta must spend US$ 4 million on exploration to earn-in to 51% of
    the joint venture (Option 1 completed). 
--  To earn a further 9% of the JV (for an aggregate total of 60%),
    Antofagasta must fund US$ 2 million exploration by December 31, 2015
    (Option 2 underway). 
--  To earn a further 5% of the JV (for an aggregate total of 65%),
    Antofagasta must prepare, fund, and deliver a Preliminary Economic
    Assessment on a project within the JV area by December 31, 2017 (Option
    3). 
--  To earn a further 10% of the JV (for an aggregate total of 75%),
    Antofagasta must prepare, fund, and deliver a Feasibility Study on a
    project within the JV area by December 31, 2022 (Option 4). 
--  And to earn a further 5% of the JV (for an aggregate total of 80%),
    Antofagasta must fund 100% of all work programs during this phase and
    make a Development Decision within one year of the Option 4 exercise
    date (Option 5). 
--  Antofagasta will carry Avrupa through to production, and Avrupa will
    repay Antofagasta from proceeds, dividends, and sales generated by the
    actual production from any mine within the project area.

Notes on analytical methods and quality control. All samples were sent
to the ALS Chemex sample preparation facility in Seville, Spain.
Chemex shipped the prepped material to their main European analytical
laboratory located in Loughrea, Ireland. In the main sulfide zone
from 151.65 to 162.50 meters, total copper, silver, lead, zinc, and
cobalt results were obtained using a metals' extraction method
developed specifically for analysis of massive sulfide
mineralization. This includes metals' digestion by strong oxidizing
agents, followed by analysis using the industry-standard technique of
inductively coupled plasma - atomic emission spectroscopy (ICP-AES).
Total tin results were obtained using a lithium borate fusion with
the addition of a strong oxidizing agent, and followed by x-ray
fluorescence (XRF) analysis. In the lower anomalous zone from 162.50
to 168.50 meters, all metals' results were obtained using a four-acid
digestion, followed by ICP-AES analysis for near-total results in all
metals with the exception of tin, which was not re-analyzed due to
low levels. In addition to ALS Chemex quality assurance/quality
control (QA/QC) of all work orders, the Joint Venture conducted its
own normal, internal QAQC from results generated by the systematic
inclusion of certified reference materials, blank samples and field
duplicate samples. The analytical results from the quality control
samples in the SES002 work order have been evaluated, and conform to
industry best practice standards. 
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
2013 was 721,200 tonnes of copper, 9,000 tonnes of molybdenum, and
293,800 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
Germany. 
The Company currently holds 15 exploration licenses in three European
countries, including nine in Portugal covering 2,980 km2, five in
Kosovo covering 153 km2, and one in Germany covering 307 km2. 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.  
For additional information, visit our website at
www.avrupaminerals.com. 
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
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. 
Contacts:
Avrupa Minerals Ltd.
(604) 687-3520
(888) 889-4874 (FAX)
www.avrupaminerals.com
 
 
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