Avrupa Minerals receives $661,500 from warrant exercise

Sep 28, 2016

AVRUPA MINERALS RECEIVES $661,500 FROM WARRANT EXERCISE; GRANTS OPTIONS

Avrupa Minerals Ltd. has received $661,500 from the exercise of warrants and finder warrants that expired on Sept. 24, 2016. The proceeds received from the exercise of these warrants will be used for further exploration and development of the company’s mineral properties in Portugal and Kosovo.

Avrupa has three active joint ventures, including two in Portugal with copper, zinc and tungsten, and one in Kosovo with gold and silver. In its short six-year life, Avrupa has managed to conduct drill programs every year. Those programs have led to the discovery of the gold project in Kosovo, where a prefeasibility study is currently nearing completion, along with an update to the gold resource estimate, and the discovery of VMS (volcanic massive sulphide) mineralization containing significant copper, zinc and lead in southern Portugal.

Avrupa also has other projects in Kosovo and Portugal where exploration programs are under way to prepare them for potential joint venture partners. Results from these programs will be announced as they come in.

The board of directors has also approved the issuance of 1,575,000 stock options to its directors, officers and consultants to purchase common shares of the company at an exercise price of 18 cents per share for a period of five years, expiring on Sept. 26, 2021.

Avrupa Minerals is a junior exploration and development company focused on the 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 nine exploration licences in three European countries, including six in Portugal covering 3,821 square kilometres, two in Kosovo covering 47 square kilometres and one in Germany covering 307 square kilometres. Avrupa has three joint ventures, two in Portugal and one in Kosovo.

Avrupa is currently upgrading precious and base metal targets to JV-ready status (joint venture) in a variety of districts on its other licences, with the idea of attracting potential partners to project-specific and/or regional exploration programs.

This news release was prepared by company management, who take full responsibility for its content. Paul W. 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 (QP) 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.

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