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Avrupa Minerals awaiting assays from drilling at Alvalade license in Portugal

The drill program is now complete and saw six holes drilled, totaling 2,498 meters, the Vancouver-based company said

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Alvalade (not pictured) is in Portugal

Avrupa Minerals Ltd (CVE:AVU) told investors that full assay results for drilling at the Sesmarias project on the Alvalade license in Portugal are expected at the end of this month (February).

The drill program is now complete and saw six holes drilled, totaling 2,498 meters, the Vancouver-based company said.

READ: Avrupa Minerals continues drilling at Alvalade project as it closes second tranche of financing

Project generator Avrupa said the program accomplished its goal of better technical understanding of the Sesmarias mineralizing system and significantly enlarging it.

Mineralization is open to the north for a further 500 to 1,000 meters more than previously assumed, the firm said, while the total strike length of potential target horizons now appears to reach over 2.5km, an increase from 1.8 km as previously reported.

Avrupa said the work tested a new exploration model and concepts, and the results included:

  • Providing a higher degree of predictability in the location of mineralization in the immediate Sesmarias project area;
  • Enlarging the “10” Lens from 300 meters strike length to at least 600 meters long, up to 400 meters wide, and 25 meters thick;
  • Intercepted a stockwork-stringer sulfide zone above the “10” Lens, providing evidence for a new, fourth lens/horizon, noted for now, as the “26” Horizon;
  • Showing that mineralization is open to the east up to the bounding fault; and
  • Showing that mineralization is open to the west up to the boundary of the Devonian-age Volcano-Sedimentary (VS) host rocks for mineralization and the overlying Tertiary-age gravels and semi-consolidated sediments.

This self-funded drilling program at Sesmarias is the seventh phase of drilling to be completed by Avrupa on the Alvalade license. 

In addition to further targets in the immediate Sesmarias project area, Avrupa said additional future drilling is anticipated for the Sesmarias-Lousal-Monte da Bela Vista District, as well as in other Avrupa-generated target areas with related Pyrite Belt-style massive sulfide targets and mineralization. 

Shares in Toronto were unchanged at $0.05.

Contact Giles at [email protected]

Quick facts: Avrupa Minerals Ltd

Price: 0.04 CAD

TSX-V:AVU
Market: TSX-V
Market Cap: $4.42 m
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