|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.
Silver Spring Networks, Inc. (NYSE: SSNI) extended its Internet of Things technology platform with performance enhancements to Gen5 – its fifth generation critical infrastructure networking platform. Already delivering nearly 23 million devices on five continents as one of the leading networking providers in the market, Silver Spring announced it is doubling the maximum speed of its Gen5 network to up to 2.4 Mbps, increasing computational performance by 10x, supporting simultaneous mesh communic...
Feb. 12, 2016 05:00 AM EST
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, will discuss using predictive analytics to ...
Feb. 12, 2016 04:45 AM EST Reads: 403
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, will discuss how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved effi...
Feb. 12, 2016 03:45 AM EST Reads: 262
Sensors and effectors of IoT are solving problems in new ways, but small businesses have been slow to join the quantified world. They’ll need information from IoT using applications as varied as the businesses themselves. In his session at @ThingsExpo, Roger Meike, Distinguished Engineer, Director of Technology Innovation at Intuit, showed how IoT manufacturers can use open standards, public APIs and custom apps to enable the Quantified Small Business. He used a Raspberry Pi to connect sensors...
Feb. 12, 2016 03:45 AM EST Reads: 332
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, will provide an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data profes...
Feb. 12, 2016 02:30 AM EST Reads: 220
Father business cycles and digital consumers are forcing enterprises to respond faster to customer needs and competitive demands. Successful integration of DevOps and Agile development will be key for business success in today’s digital economy. In his session at DevOps Summit, Pradeep Prabhu, Co-Founder & CEO of Cloudmunch, covered the critical practices that enterprises should consider to seamlessly integrate Agile and DevOps processes, barriers to implementing this in the enterprise, and pr...
Feb. 12, 2016 02:00 AM EST Reads: 430
The principles behind DevOps are not new - for decades people have been automating system administration and decreasing the time to deploy apps and perform other management tasks. However, only recently did we see the tools and the will necessary to share the benefits and power of automation with a wider circle of people. In his session at DevOps Summit, Bernard Sanders, Chief Technology Officer at CloudBolt Software, explored the latest tools including Puppet, Chef, Docker, and CMPs needed to...
Feb. 12, 2016 01:30 AM EST Reads: 341
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts...
Feb. 12, 2016 12:45 AM EST Reads: 401
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Feb. 12, 2016 12:00 AM EST Reads: 278
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection.
Feb. 11, 2016 11:00 PM EST Reads: 229
Data-as-a-Service is the complete package for the transformation of raw data into meaningful data assets and the delivery of those data assets. In her session at 18th Cloud Expo, Lakshmi Randall, an industry expert, analyst and strategist, will address: What is DaaS (Data-as-a-Service)? Challenges addressed by DaaS Vendors that are enabling DaaS Architecture options for DaaS
Feb. 11, 2016 10:45 PM EST Reads: 367
One of the bewildering things about DevOps is integrating the massive toolchain including the dozens of new tools that seem to crop up every year. Part of DevOps is Continuous Delivery and having a complex toolchain can add additional integration and setup to your developer environment. In his session at @DevOpsSummit at 18th Cloud Expo, Miko Matsumura, Chief Marketing Officer of Gradle Inc., will discuss which tools to use in a developer stack, how to provision the toolchain to minimize onboa...
Feb. 11, 2016 10:00 PM EST Reads: 123
As someone who has been dedicated to automation and Application Release Automation (ARA) technology for almost six years now, one of the most common questions I get asked regards Platform-as-a-Service (PaaS). Specifically, people want to know whether release automation is still needed when a PaaS is in place, and why. Isn't that what a PaaS provides? A solution to the deployment and runtime challenges of an application? Why would anyone using a PaaS then need an automation engine with workflow ...
Feb. 11, 2016 05:15 PM EST Reads: 221
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed...
Feb. 11, 2016 05:00 PM EST Reads: 393
The cloud competition for database hosts is fierce. How do you evaluate a cloud provider for your database platform? In his session at 18th Cloud Expo, Chris Presley, a Solutions Architect at Pythian, will give users a checklist of considerations when choosing a provider. Chris Presley is a Solutions Architect at Pythian. He loves order – making him a premier Microsoft SQL Server expert. Not only has he programmed and administered SQL Server, but he has also shared his expertise and passion w...
Feb. 11, 2016 04:30 PM EST