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Mining industry

Avrupa Minerals Ltd. Advances Exploration Projects in Portugal and Kosovo

Strategic Insights

— 2 min read

Avrupa Minerals Ltd., a junior exploration and development company, has made significant progress in its exploration projects in Portugal and Kosovo. The company, which has a proven track record of discovering valuable mineral deposits, is actively engaged in aggressive exploration using a prospect generator model.

Through its subsidiary, MAEPA, Avrupa has established excellent relations with the Portuguese government, the Mining Bureau (DGGE), and the Geological Survey (LNEG), allowing the company to leverage over 40 years of exploration experience in Portugal. The company is currently drilling in the Serrinha District, on its Marateca license, and has identified several other areas of interest within the 375 square kilometer Marateca license.

Avrupa is also advancing its exploration program in the Portuguese portion of the Iberian Pyrite Belt, a district with over 2000 years of mining history. The company controls a large land position of approximately 1375 square kilometers in the northern part of the Pyrite Belt, where systematic exploration for copper- and zinc-bearing massive sulfide deposits has been minimal. The company is actively reviewing and re-processing a large amount of data generated by previous explorers in the Lousal-Caveira District, which is covered by three contiguous properties: Alvalade, Canal Caveira, and Ferreira do Alentejo.

Avrupa has also made significant progress in its exploration program in Kosovo, where the company is working on a JV-ready project. The company is currently compiling, reviewing, and re-processing a large amount of data generated by previous explorers in the Kosovo portion of the Iberian Pyrite Belt.

Key Takeaways:

  • Avrupa Minerals Ltd. has made significant progress in its exploration projects in Portugal and Kosovo, leveraging over 40 years of exploration experience in Portugal.
  • The company is currently drilling in the Serrinha District, on its Marateca license, and has identified several other areas of interest within the 375 square kilometer Marateca license.
  • Avrupa is advancing its exploration program in the Portuguese portion of the Iberian Pyrite Belt, where systematic exploration for copper- and zinc-bearing massive sulfide deposits has been minimal.
  • The company controls a large land position of approximately 1375 square kilometers in the northern part of the Pyrite Belt.
  • Avrupa is actively reviewing and re-processing a large amount of data generated by previous explorers in the Lousal-Caveira District, which is covered by three contiguous properties: Alvalade, Canal Caveira, and Ferreira do Alentejo.
  • The company has also made significant progress in its exploration program in Kosovo, where the company is working on a JV-ready project.
  • Avrupa is actively engaged in the identification of possible Option/JV partnerships to move the project to the next level of development.
  • The company is focused on aggressive exploration, using a prospect generator model, for valuable mineral deposits in politically stable and prospective regions of Europe, including Portugal and Kosovo.

Statistics:

  • 1375 square kilometers: the size of the land position controlled by Avrupa in the northern part of the Pyrite Belt.
  • 375 square kilometers: the size of the Marateca license.
  • 1300 meters: the planned drilling depth to test the Serrinha target area.
  • 300 samples: the number of soil samples collected over the Covas Dome area.
  • 25 line-kilometers: the size of the soil grid completed over the Covas Dome area.
  • 329 drill holes: the number of drill holes completed in the Covas tungsten deposit.
  • 27,000 meters: the total amount of drilling completed in the Covas tungsten deposit.
  • 1 million metric tonnes: the historic resource of 0.7% WO3 at Covas.
  • 3-4 months: the expected time for the issuance of an exploration license for a 2,700 square kilometer area in southern Portugal.
  • 4th quarter of 2011: the expected time for the issuance of a license for a 28.4-km(2) area covering intrusion-related gold targets in northern Portugal.

Sources:

  • Marketwire, "Avrupa Minerals Advances Exploration Projects in Portugal and Kosovo" (Copyright 2011 Marketwire, Inc., All rights reserved).
  • Avrupa Minerals Ltd., press release dated February 24, 2011.

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