Avrupa Minerals Looking to Start at Alvalade JV Project in Early 2020
January 21 2020 - 4:15PM
Avrupa Minerals Ltd. (AVU:TSXV) is pleased to
provide a corporate update and corresponding goals for the coming
year. The Company enters 2020 with the pending startup of
work on the flagship Alvalade Joint Venture Project, along with
partner, Spanish miner Minas de Aguas Teñidas, SA (MATSA).
Startup will occur upon issuance of a new Alvalade Experimental
Exploitation License (EEL) in accordance with the present mining
law of Portugal. The Mining Bureau has verified that Avrupa’s
subsidiary in Portugal has fulfilled all obligations for the EEL
application and over the next 30 working days will complete the
collection of final social and technical due diligence data for the
Alvalade license area.
During 2020, the Company also plans to continue
copper-zinc massive sulfide exploration in south Portugal, mostly
in the Pyrite Belt around the Marateca and Mertola areas and in the
adjoining Ossa Morena Zone which includes the Alvito iron-oxide
copper-gold area.
Avrupa plans to re-start work in Kosovo at its
wholly-owned Metovit base metals exploration permit, and has an
application in to the Government of Kosovo for an attractive
gold-silver-base metals area that has been unavailable for
exploration for over 10 years. The area has been designated
as an “Area of National Interest” due to obvious surface
mineralization and the presence of old workings.
The Company continues to review gold project
opportunities around Europe and sees a number of promising
possibilities in several mining-friendly locales.
Key catalysts and opportunities for Avrupa in
2020 are:
- Startup of Alvalade Joint Venture and positive drill results
from the Sesmarias Prospect, the Lousal area, and the Monte da Bela
Vista stockwork zone;
- New exploration joint venture(s) in south Portugal;
- Successful application results and license issuance for the
Area of National Interest in Kosovo;
- Generative exploration alliance in Kosovo;
- Monetization of the Slivovo NSR;
- Addition of a new gold project in Europe.
Paul W. Kuhn, President and CEO commented, “We
are looking forward to the commencement of Alvalade JV work as soon
as possible. The past year was difficult for Avrupa, but we
stayed the course, upgraded the massive sulfide mineralization at
Sesmarias early in 2019, and followed that by signing a Joint
Venture with MATSA. We anticipate better conditions for 2020
and will aggressively move forward to re-stock our exploration
pipeline with quality projects.”
Avrupa will be a keynote presenter at the
“Responsible Business Conduct in Mining” meeting being convened by
the Canadian Trade Commission in Prishtine, Kosovo on January
22nd.
Avrupa Minerals Ltd. is a
growth-oriented junior exploration and development company directed
to discovery of mineral deposits, using a prospect generator
model. The Company holds one 100%-owned, self-funded flagship
project, the Alvalade VMS Project. Avrupa focuses its project
generation work in politically stable and prospective regions of
Europe, including Portugal and Kosovo.
For additional information, contact Avrupa
Minerals Ltd. at 1-604-687-3520 or visit our website at
www.avrupaminerals.com.
On behalf of the Board,
“Paul W.
Kuhn”
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. Mr.
Kuhn, the QP, has not only reviewed, but prepared and supervised
the preparation or approval of the scientific and technical content
in the news 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.
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