Avrupa Receives Positive Results from Exploration at South Portugal
Projects
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 18, 2013) -
Avrupa Minerals Ltd. (TSX-VENTURE:AVU)(FRANKFURT:8AM) -
- Pego do Altar gossan zone extended to nearly 1,000 meters at
Marateca
- Second copper-bearing gossan zone discovered at Pego do
Altar
- Anomalous copper, lead, zinc results at Marateca and Sines
- 27 of 68 samples > 0.5% Cu from IOCG targets at Alvito
- High grade silver-lead-zinc at Agua de Peixe on Alvito
project
Avrupa Minerals Ltd. is pleased to announce that the Company has
received favorable geochemical results from rock sampling at three
different projects in southern Portugal. The projects include the
Marateca and Sines licenses in the Iberian Pyrite Belt (IPB) and at
Alvito in the Ossa Morena tectonic zone. The results support the
possibility of copper-zinc-bearing hydrothermal systems in a number
of target areas on the Pyrite Belt properties, while good results
in several locations within the Alvito license point to enlargement
of previously reported iron oxide-copper-gold and silver-bearing
vein targets. In addition, strong silver-lead-zinc results on
Alvito point to the possibility of drilling targets in a
newly-recognized area of carbonate-hosted massive sulfide
replacement mineralization.
Marateca (742
km2)
It is important to note that the Marateca license surrounds the
northernmost known volcanic center on the Neves Corvo trend in the
Pyrite Belt. The spatial relationship between other volcanic
centers in the IPB and the location of massive sulfide deposits is
well-documented. Of all known felsic volcanic centers, the Serrinha
center has seen little previous comprehensive, systematic review.
Thus, with only a moderate amount of exploration, prospecting and
research work, on a small portion of the Marateca license area, the
Company has identified at least 13 potential, and separate,
copper-zinc, volcanogenic massive sulfide-style target areas.
Several of the target areas have outcropping mineralization
including iron, manganese, and silica at Serrinha and copper, lead,
manganese and silica at Cordoeira. Previous drilling at Serrinha
intercepted stockwork silver-bearing sulfide mineralization in two
holes.
During the past summer field season, the Company's geologists
discovered an outcropping gossan zone in volcanic-sedimentary rock
units that typically host massive sulfide mineralization in other
parts of the IPB in Portugal and Spain. Follow-up mapping, to date,
has extended the Pego do Altar gossan zone to nearly 1,000 meters
in strike length with a possible thickness of up to 50 meters.
Limited rock chip sampling along strike (11 samples) returned
copper values up to 0.12% and lead values to 0.08%. Anomalous
bismuth, molybdenum, and gold values further indicate the
hydrothermal nature of the metals' presence, thus providing early
support for further geological mapping, sampling, and drill
targeting. In addition, the Company's geologists have just
discovered a second gossan zone in the Pego do Altar area, with
visible copper oxide staining at several locations. The Company
plans additional mapping and sampling at these and at other targets
around the license to continue to upgrade the project's
attractiveness for joint venture.
Sines (160
km2)
Follow-up mapping and sampling of several target areas on this
license identified outcropping favorable horizons for massive
sulfide-style mineralization. Avrupa collected 15 samples from
these volcanic-sedimentary rock units, with anomalous copper
results to 0.12%, as well as lead to nearly 500 ppm, and zinc to
350 ppm. Several samples contained over 10% manganese, and other
samples contained anomalous barium, molybdenum and cobalt. Taken
together, as at Pego do Altar on the Marateca property, the results
support the presence of hydrothermal systems that could have
produced massive sulfide mineralization. The Company plans
continued follow-up mapping, sampling, and drill targeting on the
Sines property in order to make the project ready for joint
venture.
Alvito (1,035
km2)
The principal target zone, at this time, on the Alvito license
is the southern half of the Alcaçovas Copper Belt, a 24-kilometer
long, 2- to 4-kilometer wide belt of copper-gold anomalism,
possibly associated with iron oxide copper gold (IOCG) mineralizing
system(s). At least eight separate prospect areas have been
identified in the 13-kilometer long southern district, but surface
outcrop is sparse, leaving plenty of hidden potential along the
strike of the target area. First pass review of historic drill core
indicates the presence of a specific intrusive unit that appears to
be related to copper-bearing, potassic-hematite-magnetite
alteration seen in the field. Selective sampling in the southern
Alcaçovas Copper Belt has resulted in 27 of 68 samples carrying
greater than 0.5% copper, with a high value of 23.6%. Ten of these
68 samples also carried gold values above 0.5 ppm to 3.95 ppm
Au.
Additionally, early-stage exploration has also identified and
enlarged numerous other targets on the property. These include the
5-kilometer long and 3-kilometer wide Agua de Peixe epithermal
system, which consists of numerous veins, including two major
sub-parallel vein zones, both approximately two kilometers long and
up to 30 meters wide in places. During the most recent work, two
new veins and one possible zone of carbonate replacement
mineralization were discovered. Three float and outcrop samples
from the new veins returned between 55 and 123 ppm silver, while
two chip-channel samples over 0.35 meters and 1.5 meters width from
the carbonate replacement zone assayed 711 and 829 ppm of silver,
respectively. The carbonate replacement material also carries more
than 40% combined lead and zinc. The Agua de Peixe veins were
discovered during first pass prospecting work earlier in 2013, and
extended during recent follow-up exploration. There is possibility
of additional strike length for the veins at both ends, and further
fieldwork is planned to attempt to increase obvious target
potential.
Other targets include a number of separate IOCG targets at Monte
de Morais and Monte dos Lancas, and several volcanogenic massive
sulfide targets around the property. Pyrite Belt-style copper-zinc
possibilities, located in the north of the license, have not yet
been visited. With funding from Callinan Royalties Corporation, as
reported in the news release of November 20, 2013, Avrupa will
continue to upgrade the Alvito project over the next several months
to bring it to an attractive level of joint venture readiness. The
Company plans further sampling, prospecting, geological mapping,
ground geophysical work, and drill targeting to achieve a suitable
joint venture partner for the Alvito project.
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 15 exploration licenses in three
European countries, including nine in Portugal covering 2,980 km2,
five in Kosovo covering 153 km2, and one in Germany covering 307
km2. Avrupa operates three joint ventures in Portugal,
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; and
- The Arga JV, also with Blackheath Resources, covering one
license located adjacent to the Covas JV, for intrusion-related
Au-W deposits.
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.1-604-687-3520www.avrupaminerals.com
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