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Stocktube video - Avrupa hits a 'major discovery' in Portugal and is now awaiting more drill results
Mark Brown, Director of Avrupa Minerals (CVE:AVP), tells Proactiveinvestors that the recent news from Portugal puts the company in an 'exciting' position. As a prospect generator the costs are now picked up by a major to develop the mine and Mark now says that investors should await the results from more holes that will be drilled in the next few weeks.
Paul Kuhn CEO of Avrupa Minerals (CVE:AVU) tells Proactiveinvestors the company will start drilling at its Alvalade copper project in Portugal with its j/v partner Antofagasta Minerals next January. The company is looking for more j/v partners for its exploration programme, he says.
24/01/2013Paul Kuhn CEO Avrupa Minerals (TSX-V:AVU) tells Proactiveinvestors at the VRIC 2013 that the company has two joint ventures, one tungsten and the larger one with Antofagasta looking for copper. Paul talks about the "exciting" developments with the drill bit.
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Avrupa Minerals Ltd. is a growth-oriented prospect generator focused on aggressive exploration for valuable mineral deposits in politically stable and prospective regions of Europe with a growing pipeline of prospects in Portugal, Kosovo, and Germany.
An exciting portfolio of exploration projects which includes:
• Copper and Zinc in southern Portugal at Marateca and in the Alvalade JV project area, located in the Iberian Pyrite Belt, where Europe's richest active copper mine is located;
• Tungsten and Gold in northern Portugal in the Covas JV project area;
• Silver, Lead and Zinc in Kosovo at the Glavej, Kamenica, Bajgora, and Selac properties in the Trepca Mineral Belt of the Vardar Zone, historically, Europe's most productive district for lead and zinc;
• Gold in eastern Germany in the 307 km2 Oelsnitz exploration permit in the Erzgebirge Mining District, a 1000-year producer of tin, tungsten, silver, base metals, and uranium.
The Company holds 12 exploration licenses through its subsidiaries and partners. Two further licenses will be granted in Portugal during 2012. Avrupa is actively exploring in both Portugal and Kosovo and may, at any time, make further applications to cover attractive possibilities in those countries. The map below shows the European countries where Avrupa holds licenses and exploration permits.
Avrupa Minerals, through its wholly-owned subsidiary, MAEPA Lda., holds 12 exploration licenses in Portugal, spread from the north to the south in the country. Total area under control by Avrupa is approximately 2,775 square kilometers.
The Covas license, located about 100 kilometers north of Porto, Portugal's second largest city, covers known and previously mined tungsten mineralization. The property carries a non NI 43-101 compliant resource of 922,900 metric tonnes of 0.78% WO3. The Covas project is now included in a JV with Blackheath Resources Inc. In addition to numerous tungsten targets on the property, Avrupa has also identified an intrusion-related gold target in the middle of the granitic intrusion complex that also hosts tungsten skarn occurrences around its periphery.
Four other licenses are located at the northern end of the Portuguese portion of the Iberian Pyrite Belt (IPB). The IPB is historically one of the world's largest and most prolific copper-zinc-iron massive sulfide belts. The Company's IPB licenses are located to the northwest of, and along trend from the giant Neves Corvo copper-zinc-tin massive sulfide deposit, presently being mined by Lundin Mining. Avrupa recently completed a four-hole scout drilling project on the Marateca license. Two of the holes intercepted silver-rich stockwork mineralization at the Serrinha location. Two massive sulfide targets at São Martinho and Volta were not reached due to difficult drilling conditions.
Avrupa holds five exploration licenses in Kosovo, through its 92.5%-owned subsidiary Innomatik Exploration Kosovo (IEK). The licenses cover an approximate area of 153 square kilometers. Two of the licenses, Glavej and Kamenica, are being renewed in Q4 2012 for the second time, for one year, under the Kosovo mining law. Two licenses, Bajgora and Selac, were issued by the Kosovo mining authority, the Independent Commission for Mines and Minerals (ICMM), in Q1 of 2011 and are valid for three years under the mining law. However, after thorough geological review, Avrupa decided to drop the Bajgora license in Q4 2012, as exploration work did not uncover potential for significant mineralization. ICMM issued the Koritnik exploration license to Avrupa during Q1 of 2012, and then the Slivovo license at the end of Q2 2012, both of which are also valid for three years from the date of issue.
CEO & Director
Mr. Kuhn joined Avrupa Minerals in July 2010 after working with Metallica Mining in Oslo, Norway since August 2008. He has more than 30 years of experience in the minerals exploration business in North America, Central Asia and Europe. He earned an A.B. Degree from Dartmouth College, US, in 1978, and an M.S. Degree from the University of Montana, US, in 1983. Mr. Kuhn has worked in a variety of geological terrains, exploring for gold, silver, base metals, uranium, and phosphate deposits, and has spent time as a production geologist in the deep underground mines of the Coeur d`Alene Mining District, historically one of the world’s most important silver districts. Mr. Kuhn has managed successful exploration programs in the US and Turkey, and was involved in a number of base and precious metal discoveries in Turkey, including the Taç and Çorak polymetallic deposits (presently being developed by Mediterranean Resources), the Cerattepe Cu-Au volcanogenic massive sulfide deposit (held by Inmet Mining), the Altıntepe epithermal Au deposit (being developed by Stratex International), the Diyadın Carlin-style Au deposit (developed by Newmont Mining and currently held by Koza Altin), and the Karakartal porphyry Cu-Au deposit (being developed by Anatolia Minerals). Mr. Kuhn was also involved with the original mapping and description of the Çöpler porphyry Au deposit (presently under mine construction and development by Anatolia Minerals).
Gregory E. McKelvey
Mr. McKelvey, MS. Geol., has more than forty years of extensive, international experience in Latin America, Africa, and Europe in expanding responsibilities for large mining companies such as Kennecott, Cominco, Homestake, and Phelps Dodge. He also acts as an Adjunct Faculty member at the University of Arizona in their International Center for Mining Health, Safety, and Environment and worked for the USGS in Latin America. He has also consulted for Lundin, Codelco, Phelps Dodge, Newmont Mining, Gerald Metals, and Quadra Mining.
Mr. McKelvey has successfully directed and led innovative exploration efforts, resulting in the discovery and identification of several major ore deposits. He participated in or led the teams that discovered Sossego (Cu/Au) in Brazil; Sheep Creek (Zn, Cu, Co) in Montana; Spar Lake--Cabinet Mts. (Cu, Ag) in Montana; Sechura, (P2O5) in Peru; extensions of the Punta de Cobre (Cu/Au) deposits in Chile; extensions of ore at Chino (Cu) in New Mexico; the Codelco IOCG discovery in Brazil, and the recent new porphyry copper center at Sierra Gorda in Chile.
Dr. Ranta is an exploration and development mining executive, experienced in planning, implementing and directing successful exploration and acquisition programs throughout North America, South America, Africa, and other international locations. He has extensive experience in generative exploration, project exploration and appraisal, geologic engineering, and economic evaluation, as well as strategic and business planning. In addition, he is a former President and Board member of the Society for Mining, Metallurgy, and Exploration and is the current Vice President-Finance and a Board member of The American Institute of Mining, Metallurgical, and Petroleum Engineers. He is and has been a director of several junior exploration and mining companies.
He has had a significant role in the successful exploration, discovery, and acquisition of several major ore deposits including the Sleeper gold deposit in Nevada, the Emmons molybdenum deposit in Colorado, the McDonald gold deposit in Montana, and the Santa Gertrudis gold orebodies in Sonora, Mexico. His exploration teams participated in the acquisition or discovery of a number of other deposits including the Paradones Amarillos gold deposit in Baja California, the Aquarius gold deposit in Ontario, Canada, the Kilgore gold deposit in Idaho, the Seven-Up Pete gold deposit in Montana, the Dolores gold-silver deposit in Mexico, the Youga gold deposit in Burkina Faso, the Kuranakh gold deposit in Russia, and the Cochise copper deposit in Arizona.
Mark T. Brown is the President of Pacific Opportunity Capital Ltd., headquartered in Vancouver B.C. Pacific Opportunity is a financial consulting and merchant banking firm active in venture capital markets in North America. Mr. Brown has assisted in the successful establishment of several private and public companies. In the mining and mineral exploration sector, Mr. Brown has played key roles in the success of Rare Element Resources Ltd., Sutter Gold Mining Ltd., Portal Resources Ltd., Pitchstone Exploration Ltd., Animas Resources, and other junior exploration companies. His corporate activities include merger and acquisition transactions, financing, strategic corporate planning, and corporate development. Prior to joining Pacific Opportunity, Mr. Brown managed the financial departments of two TSE 300 companies, Miramar Mining Corp. and Eldorado Gold Ltd. Mr. Brown has a Bachelor of Commerce from the University of British Columbia and qualified as a Chartered Accountant in 1993, while working with PricewaterhouseCoopers in Vancouver.
Managing Director, MAEPA
Mr. Adriano Barros received his Degree in Mining Engineering from the University of Oporto, Portugal in 1970. Since then, Mr. Barros has been one of Portugal’s leading exploration and mining consultants, and has been deeply involved in the promotion of the Portuguese mining sector. In addition to working as a lecturer at several leading Portuguese universities, Mr. Barros has worked on tungsten, base metal, and precious metal projects from exploration to production stage. While working for Auspex Minerals and Eurozinc Mining Company in the 1990’s and early 2000’s, Mr Barros was the key person involved in the acquisition of the Aljustrel Mine in 2001 and the Neves Corvo Mine, Europe’s largest copper mine, in 2004. Presently, Mr. Barros is president and general manager of MAEPA Lda., the 90%-owned subsidiary of Avrupa Minerals. His wide experience in the mining sector of Portugal and his extensive contact network in that sector give Avrupa Minerals a significant edge in the exploration business in Portugal. Mr. Barros currently resides in Moledo do Minho, Caminha, Portugal.
Managing Director, IEK
Dr. Paul Nelles graduated from TU Berlin in 1972 with a degree in mining engineering and obtained a PhD in mineral processing in 1975. He worked internationally in base metal mining for Metallgesellschaft between 1975 and 1991, at which stage he held the position of General Manager Project Development. In 1991 he was employed as technical director and appointed to the executive board of DESTAG, a leading dimension stone producer and worldwide trader. He was subsequently appointed CEO of the company. Dr. Nelles joined Normandy LaSource in France, as executive director for gold production and industrial minerals in 1997. In 2002 he was appointed as the “Trepca Manager” by the United Nations Mission in Kosovo and was promoted to Deputy Managing Director of the Kosovo Trust Agency in 2004, in charge of all major publicly owned enterprises. Since 2006 he has worked as an independent mining industry advisor and has been instrumental in the formation of Innomatik Exploration Kosovo LLC, a 92.5%-owned subsidiary of Avrupa Minerals. Dr. Nelles lives near Frankfurt, Germany.
Chief Geologist, IEK
Dr. Michael Diehl studied geology and mineralogy at the University of Mainz in Germany where he received his MSc in 1982 and PhD in 1989. From 1984 to 1991 he worked for the Ministry of Mines and Energy, Geological Survey of Namibia, division for Economic Geology and Raw Materials. From 1991 to 1997 Dr. Diehl worked for the DESTAG Group in Germany as chief geologist and technical director. He was responsible for the discovery and development of several significant granite deposits in Africa, Brazil, and North America. His work in South Africa led to the discovery of the Springbok gabbro-norite deposit, which was developed into a large dimension stone mine. Since 1997, Dr. Diehl has worked as a worldwide geological consultant in the base and precious metals’ exploration and resource development business, as well as in the industrial minerals sector. From 2004 to 2008, he was appointed by the UN Mission in Kosovo as chief geologist of Trepça Mines. There he was in charge of the geology department, regional and underground exploration, as well as reserve and resource management at Trepça. Under Dr. Diehl’s leadership at Trepça, mine reserves were substantially increased, and a new Pb-Zn-Ag orebody was discovered. Since June 2008, Dr. Diehl has worked as exploration manager at Innomatik Exploration Kosovo, a 92.5%-owned subsidiary of Avrupa Minerals. As a result of Dr. Diehl’s significant geological experience in Kosovo, Avrupa Minerals is positioned to be the leading explorer in the country. Dr. Diehl lives near Frankfurt, Germany.
*As of 10/02/2012
410-325 Howe Street
Vancouver, BC V6C 1Z7 Canada
Rua José Eigenmann No. 90, Nogueira
4715-199 Braga , Portugal
13 Gazmend Zajmi
10000 Prishtinë, Kosovo
Phone: +381-38 348 342
Fax: +381-38 246 580
No info available.