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Avrupa Minerals (TSXV:AVU) is in between drilling programs for their projects in Finland and Portugal. Avrupa Minerals CEO Paul Kuhn said they’re going to start drilling as soon as they secure licenses.
“We’re producing new drill targets in Finland and in Portugal and I’m hoping that we can get going on a resource upgrade in Kosovo as soon as we got a partner there,” said Kuhn.
Avrupa Mineral’s recent sampling and geochemical results confirm the presence of distal, disseminated VMS-style zinc mineralization at Kolima VMS Target in Finland. These suggest well-defined target areas for first pass drilling when an exploration license is issued. Avrupa also reported that recent drilling at Sesmarias North, Alvalade Project in Portugal showed semi-massive to massive sulfide mineralization which includes 22.9 meters, from 378.50 meters @ 0.48 percent copper, 0.72 g/t gold, 37.7 g/t silver, 1.10 percent lead, and 2.17 percent zinc.
“Our project in Portugal is called the Alvalade Copper-Zinc VMS joint venture. We have about 500 meters of strike length drilled so far, and there’s another 1,500 to go. We have seven or eight other targets, two of them are formerly operating mines. We will get back to our drilling, hopefully, in a couple of months. It’s a great joint venture, it’s a project that is moving ahead.”
“We’re also in Kosovo. We have a partner there and we made a deal with them to regain the mining license. After a year and a half, the license was reissued and we’ve got a new exploration permit for seven years.”
The company received its new exploration license in Kosovo covering the Slivova gold prospect and potential extensions covered in a larger license area. According to Khun, the gold resources on the prospect are 640,000 tons of 4.8 grams gold at the surface or about 100,000 ounces of gold, and 300,000 ounces of silver.
“For investors, now’s a great time. We’re in the process of building new targets in three countries. We’re going to get back to drilling in Q3 of 2022 and in Q1 of 2023 in Finland. We’re doing great work on the geology and we’ve got targets. We’re going to be drilling as soon as we can.”
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.