Avrupa Minerals JV to drill up to 3,000 m at Alvalade

Jun 9, 2014

AVRUPA ADVANCES PROJECTS IN PORTUGAL, KOSOVO AND GERMANY

Avrupa Minerals Ltd. has provided 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 under way to assist in bringing that licence to joint venture-ready status.

Portugal — Alvalade joint venture

The company, along with joint venture 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 sulphide-style mineralization described in recent news releases (Feb. 27, 2014, and May 12, 2014). The joint venture is budgeting for 2,700 to 3,000 metres of core drilling in the upcoming program, slated to start during the second week of June.

Portugal — Covas joint venture

Avrupa and Covas joint venture 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 underexplored 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 National Instrument 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 licence, located mostly in the Ossa Morena metallogenic zone and partially in the pyrite belt in southern Portugal. The work brings the project up to joint venture-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 polymetallic targets of various types around the licence. Less than half of the Ossa Morena portion of the licence 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 three to four months of signing a joint venture at Alvito.

Portugal — projects added and dropped

Also in Portugal, Avrupa has applied for a licence 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-1950s 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 licence before the end of the year. Two other licence 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 licences 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 financing from option partner, Byrnecut International. The Slivovo licence covers a carbonate rock-hosted, polymetallic massive sulphide target around the site of the outcropping Pester gossan (roughly 170 by 70 metres in size) and a second, possible epithermal target (open-ended strike length of 900 metres by at least 75 metre-wide zone of altered rocks), located approximately 1,000 metres 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 the third quarter.

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 metres at 1,139 parts per million lead and 1,417 parts per million zinc in trench 1; 82 metres at 334 parts per million lead and 660 parts per million zinc in trench 2; and 74 metres at 1,289 parts per million lead and 761 parts per million zinc in trench 3. The anomalies in trench 3 also include a section of 22 metres at 1.3 parts per million gold and 9.52 parts per million silver. These trenches cover a strike length of 400 metres 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 licence. 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 a joint venture.

New projects

Avrupa also continues to review and assess projects in other areas of Europe that are located in favourable 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.

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 NI 43-101 of the Canadian Securities Administrators. He has reviewed the technical disclosure in this release.

http://www.avrupaminerals.com/news/