News Feed Item

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 Germany.

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 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.

Avrupa Minerals Ltd.
(888) 889-4874 (FAX)

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
Daniel Jones is CTO of EngineerBetter, helping enterprises deliver value faster. Previously he was an IT consultant, indie video games developer, head of web development in the finance sector, and an award-winning martial artist. Continuous Delivery makes it possible to exploit findings of cognitive psychology and neuroscience to increase the productivity and happiness of our teams.
There is a huge demand for responsive, real-time mobile and web experiences, but current architectural patterns do not easily accommodate applications that respond to events in real time. Common solutions using message queues or HTTP long-polling quickly lead to resiliency, scalability and development velocity challenges. In his session at 21st Cloud Expo, Ryland Degnan, a Senior Software Engineer on the Netflix Edge Platform team, will discuss how by leveraging a reactive stream-based protocol,...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, shared examples from a wide range of industries – including en...
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
Rodrigo Coutinho is part of OutSystems' founders' team and currently the Head of Product Design. He provides a cross-functional role where he supports Product Management in defining the positioning and direction of the Agile Platform, while at the same time promoting model-based development and new techniques to deliver applications in the cloud.
DXWorldEXPO LLC announced today that Kevin Jackson joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Kevin L. Jackson is a globally recognized cloud computing expert and Founder/Author of the award winning "Cloud Musings" blog. Mr. Jackson has also been recognized as a "Top 100 Cybersecurity Influencer and Brand" by Onalytica (2015), a Huffington Post "Top 100 Cloud Computing Experts on Twitter" (2013) and a "Top 50 C...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory? In her Day 2 Keynote at @DevOpsSummit at 21st Cloud Expo, Aruna Ravichandran, VP, DevOps Solutions Marketing, CA Technologies, was jo...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
Dhiraj Sehgal works in Delphix's product and solution organization. His focus has been DevOps, DataOps, private cloud and datacenters customers, technologies and products. He has wealth of experience in cloud focused and virtualized technologies ranging from compute, networking to storage. He has spoken at Cloud Expo for last 3 years now in New York and Santa Clara.
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...