Avrupa finishes six-hole phase 4 drilling at Alvalade
AVRUPA COMPLETES PRESENT PHASE OF DRILLING AT SESMARIAS, PORTUGAL
Avrupa Minerals Ltd. has completed the phase 4 drilling program on the Alvalade joint venture project in the Iberian pyrite belt of Portugal. The Alvalade project is operated by Avrupa and financed by a wholly owned subsidiary of Antofagasta PLC. As previously reported, Antofagasta has earned in to 51 per cent of the project with total financing of $4.3-million (U.S.).
The final six holes of phase 4 consisted of 1,531.3 metres of drilling to depths between 160.2 metres and 334.1 metres. The company collared the holes in the general area of the recently announced Sesmarias massive-sulphide drill intersection. With its upgraded and developing geological model of the pyrite belt, and with the advantage that it has intersected massive mineralization at Sesmarias, the company designed the follow-up drilling program to test the immediate area of the discovery, as well as to initiate testing the idea that Sesmarias is a large-scale system, covering a much wider area. The company is currently performing orientation-style ground geophysical surveys, and company geologists are logging and sampling the new drill core. Avrupa will announce results in the next few weeks.
Avrupa and Antofagasta are holding joint venture team meetings over the next few weeks to compile and assess all results, and plan for the next phase of the project. The company expects to be able to comment on the details of the summer exploration plans after completion of the joint venture meetings, and at the same time announce the drill results.
This news release was prepared by company management, who take full responsibility for its content. Paul Kuhn, president and chief executive officer 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.
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