|By Marketwired .||
|June 9, 2014 04:15 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/09/14 -- Avrupa Minerals Ltd. (TSX VENTURE: AVU)(FRANKFURT: 8AM) -
-- Drilling planned for Alvalade and Covas in Portugal -- Alvito license covers 22 separate mineral targets -- JV discussions for Alvito and other licenses in Portugal underway -- Work at Slivovo, Kosovo, upgrades two target areas -- Exploration for tin and gold started at Erzgebirge, Germany
Avrupa Minerals Ltd. is pleased to provide an update on the recent progress of its exploration projects in Europe. The Company actively operates the Alvalade and Covas Joint Ventures in Portugal and the Slivovo Joint Venture in Kosovo. In addition, Avrupa operates an Exploration Alliance in Portugal that covers country-wide generative exploration and one Exploration Alliance Property where more advanced exploration work is underway to assist in bringing that license to JV-ready status.
Portugal - Alvalade JV
The Company, along with JV funding partner Antofagasta Minerals, will initiate a further round of exploration drilling at the Alvalade Joint Venture in the Pyrite Belt of southern Portugal. The drilling will target potential extensions of the Sesmarias massive sulfide-style mineralization described in recent news releases (February 27 and May 12, 2014). The JV is budgeting for 2,700 to 3,000 meters of core drilling in the upcoming program, slated to start during the second week of June.
Portugal - Covas JV
Avrupa and Covas JV funding partner Blackheath Resources are currently undertaking a geophysical targeting program to help identify high grade tungsten possibilities in several areas around the Covas Project in northern Portugal. The work covers target areas within the Covas Dome and at the Telheira prospect, as well as in several previously under-explored areas in the northwest reaches of the Covas Dome and Skarn Ring. The Company expects to complete this work by the end of June. Avrupa and Blackheath also expect to begin a core drilling project at Covas in late June to test for further high grade mineralization at the Castelo, Lapa Grande, Muito Seco, and Telheira prospect areas. The goal of this work will be to extend known high grade tungsten mineralization in these areas and to assist in the initiation of the first NI 43-101-compliant resource calculation on the Covas Project.
Portugal - Alvito Project
The Company, with funding from Callinan Royalties Corp., has also completed another stage of exploration work on the Alvito license, located mostly in the Ossa Morena metallogenic zone and partially in the Pyrite Belt in southern Portugal. The work brings the project up to JV-ready status, and the Company is actively engaging a potential partner for this Project. Work over the past year at Alvito has identified eight separate copper and copper-gold targets in the Alcacovas copper belt and another 14 poly-metallic targets of various types around the license. Less than half of the Ossa Morena portion of the license has been reviewed, and virtually none of the Pyrite Belt portion has been visited by Company explorationists, to date, which leaves a large, open prospective area. Several of the present targets could be drilled within 3-4 months of signing of a joint venture at Alvito.
Portugal - Projects added and dropped
Also in Portugal, Avrupa has applied for a license in the Freixeda gold district in the northeast part of the country. Numerous quartz veins in the area were first mined during Roman times, and most recently in the mid 1950's by a local mining group. There has been little work or exploration completed in the district since that time. The Company hopes to complete acquisition of the license before the end of the year. Two other license applications located in the Pyrite Belt, Santa Margarida do Sado and Mertola, will be signed in the coming weeks. In addition, Avrupa has applied to the Portuguese Mining Bureau to drop three licenses in northern Portugal due to lack of results appropriate for joint venture possibilities.
Kosovo - Slivovo Option
Avrupa started targeting work at Slivovo in mid-April, upon receipt of the first tranche of funding from Option partner Byrnecut International. The Slivovo license covers a carbonate rock-hosted, polymetallic massive sulfide target around the site of the outcropping Pester gossan (roughly 170 by 70 meters in size) and a second, possible epithermal, target (open-ended strike length of 900 meters by at least 75 meters-wide zone of altered rocks), located approximately 1,000 meters away from the gossan. Geological and spatial relationships between the two outcropping sites of mineralization suggest the possibility of a larger mineralized system, but much more technical work is needed to prepare for drill targeting. Avrupa hopes to start a drill program at Slivovo late in Q3.
Results from sampling of three reconnaissance trenches in the area of the epithermal target, completed in 2013, show base metal anomalies in all three trenches, including: 162 meters @ 1,139 ppm lead and 1,417 ppm zinc in Trench 1; 82 meters @ 334 ppm lead and 660 ppm zinc in Trench 2; and 74 meters @ 1,289 ppm lead and 761 ppm zinc in Trench 3. The anomalies in Trench 3 also include a section of 22 meters @ 1.3 ppm gold and 9.52 ppm silver. These trenches cover a strike length of 400 meters of the known target.
The Company is preparing to extend all three trenches and will also construct several more trenches to cover more strike length of the target. Avrupa geologists are presently detail mapping and sampling the Pester gossan zone, and will also undertake further reconnaissance-style sampling to attempt to better understand the size and potential of both target areas, as well as attempt to locate extensions and other mineralized locations.
Further information about the Slivovo project may be found on the newly updated Kosovo web pages at the Avrupa website: www.avrupaminerals.com.
Germany - Erzgebirge Project
Avrupa and its partner Beak Associates on the Oelsnitz project in the Erzgebirge mining district of eastern Germany are presently doing follow-up geochemical sampling at several tin and gold anomalies around the license. Results of this work will enable the Company to decide its next course of action on the project, as to whether the project is ready for joint venture.
Avrupa also continues to review and assess projects in other areas of Europe that are located in favorable mining jurisdictions. The Company may then acquire projects that are upgradeable with early stage exploration work to determine the potential for joint venture funding by new partners.
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 14 exploration licenses in three European countries, including eight in Portugal covering 2,951.6 km2, five in Kosovo covering 153 km2, and one in Germany covering 307 km2. Avrupa operates three joint ventures and one exploration alliance in Portugal and Kosovo, 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; -- The Slivovo JV, with Byrnecut International, covering one license in central Kosovo, for gold and base metals related to carbonate-hosted massive sulfide deposits in the Vardar Mineral Trend; and -- The CalGen Exploration Alliance, with Callinan Royalties Corp., covering generative exploration throughout Portugal, and including specific prospect upgrade work on the Alvito IOCG license in southern Portugal.
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.
The essence of cloud computing is that all consumable IT resources are delivered as services. In his session at 15th Cloud Expo, Yung Chou, Technology Evangelist at Microsoft, demonstrated the concepts and implementations of two important cloud computing deliveries: Infrastructure as a Service (IaaS) and Platform as a Service (PaaS). He discussed from business and technical viewpoints what exactly they are, why we care, how they are different and in what ways, and the strategies for IT to transi...
Mar. 29, 2017 05:00 AM EDT Reads: 6,387
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound e...
Mar. 29, 2017 04:00 AM EDT Reads: 15,064
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Mar. 29, 2017 04:00 AM EDT Reads: 3,164
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
Mar. 29, 2017 03:45 AM EDT Reads: 2,119
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
Mar. 29, 2017 03:30 AM EDT Reads: 11,704
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
Mar. 29, 2017 03:30 AM EDT Reads: 3,200
Virtualization over the past years has become a key strategy for IT to acquire multi-tenancy, increase utilization, develop elasticity and improve security. And virtual machines (VMs) are quickly becoming a main vehicle for developing and deploying applications. The introduction of containers seems to be bringing another and perhaps overlapped solution for achieving the same above-mentioned benefits. Are a container and a virtual machine fundamentally the same or different? And how? Is one techn...
Mar. 29, 2017 03:30 AM EDT Reads: 3,193
Niagara Networks exhibited at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
Mar. 29, 2017 03:30 AM EDT Reads: 3,331
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
Mar. 29, 2017 03:00 AM EDT Reads: 6,056
Information technology (IT) advances are transforming the way we innovate in business, thereby disrupting the old guard and their predictable status-quo. It’s creating global market turbulence. Industries are converging, and new opportunities and threats are emerging, like never before. So, how are savvy chief information officers (CIOs) leading this transition? Back in 2015, the IBM Institute for Business Value conducted a market study that included the findings from over 1,800 CIO interviews ...
Mar. 29, 2017 01:45 AM EDT Reads: 5,399
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
Mar. 29, 2017 01:15 AM EDT Reads: 2,473
"We host and fully manage cloud data services, whether we store, the data, move the data, or run analytics on the data," stated Kamal Shannak, Senior Development Manager, Cloud Data Services, IBM, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Mar. 29, 2017 01:15 AM EDT Reads: 9,180
What sort of WebRTC based applications can we expect to see over the next year and beyond? One way to predict development trends is to see what sorts of applications startups are building. In his session at @ThingsExpo, Arin Sime, founder of WebRTC.ventures, will discuss the current and likely future trends in WebRTC application development based on real requests for custom applications from real customers, as well as other public sources of information,
Mar. 29, 2017 01:00 AM EDT Reads: 1,091
Interoute has announced the integration of its Global Cloud Infrastructure platform with Rancher Labs’ container management platform, Rancher. This approach enables enterprises to accelerate their digital transformation and infrastructure investments. Matthew Finnie, Interoute CTO commented “Enterprises developing and building apps in the cloud and those on a path to Digital Transformation need Digital ICT Infrastructure that allows them to build, test and deploy faster than ever before. The int...
Mar. 29, 2017 12:15 AM EDT Reads: 1,395
Whether you like it or not, DevOps is on track for a remarkable alliance with security. The SEC didn’t approve the merger. And your boss hasn’t heard anything about it. Yet, this unruly triumvirate will soon dominate and deliver DevSecOps faster, cheaper, better, and on an unprecedented scale. In his session at DevOps Summit, Frank Bunger, VP of Customer Success at ScriptRock, discussed how this cathartic moment will propel the DevOps movement from such stuff as dreams are made on to a practic...
Mar. 29, 2017 12:15 AM EDT Reads: 8,469