Avrupa Minerals Ltd.

Published : July 05th, 2016

Avrupa provides update on Progress at Slivovo Gold Project, Kosovo

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

Avrupa provides update on Progress at Slivovo Gold Project, Kosovo

New release announcing QT - MOI comments (00347716-2).DOC

TSX-V: AVU FRANKFURT: 8AM

410 - 325 Howe Street, Vancouver, BC Canada V6C 1Z7 T: (604) 687-3520 F: (888) 889-4874

July 5, 2016 NR 10 - 2016

Avrupa provides update on Progress at Slivovo Gold Project, Kosovo

  • Completed 21 line kilometers of IP/Resistivity on 10 lines covering the Peshter Gossan mineral resource area and Gossan and surrounding target areas

  • Completed 5.75 line kilometers on five lines of TEM fixed loop

  • Completed nine exploration/development drill holes, to date

  • Hydrogeological tests underway, seven holes completed

  • Planning for rock mechanics testing underway, seven holes planned

  • Metallurgical and waste characterization testing underway

  • Environmental baseline work continuing

  • Social baseline work continuing

  • Review of infrastructure requirements commencing

Avrupa Minerals Ltd. (AVU:TSXV) is pleased to report on progress on the Pre- Feasibility Study ("PFS") at Slivovo by joint venture company Peshter Mining JSC. Peshter Mining is 75% held by Byrnecut International Limited ("BIL") and 25% by Avrupa Minerals ("Avrupa" or the "Company") through its 100%-owned subsidiary in Kosovo. BIL is funding the PFS to earn-in to 85% of Peshter Mining and has spent in excess of € 700,000 this year towards completion of the PFS. The PFS must be completed by April 10, 2017 according to the earn-in agreement. Concurrently, Peshter Mining is also completing requirements for a mining license application. Presently, timing for submission of the application is Q2/Q3 of 2017.

Much of the ongoing environmental and social baseline work was initiated in Q4 2015 and Q1 2016. This work will continue throughout the rest of 2016 and into 2017 to complete requirements for both the PFS and the mining license application.

With the advent of the field season, Peshter Mining initiated a geophysical program consisting of 10 lines of IP/Resistivity covering 21.375 line kilometers and five lines of Turam electromagnetics over the zones of Slivovo mineralization and surrounding lands. The objects of the program were: 1) locate new mineralization targets and 2) sterilize some land for the use of surface facilities needed in a mining operation. Preliminary technical reporting suggests further mineral potential surrounding the Slivovo Gossan, in the Gossan Extension zone, around the Sandstone Gossan area, and in the Dzemail Zone. There appears to be a new, deeper target located to the SSW of the main Peshter Mining working area, between the Gossan zones and the Dzemail Zone. Further, detailed re-processing of the data is currently underway.

Gossan Zones

Dzemail Zone

New potential target area

Figure 1. Summary map of preliminary IP geophysical results completed at Slivovo.

Peshter Mining initiated a developmental drilling program to test for further mineralization in the Gossan Extension Zone, around the edges of the indicated resource at the Main Gossan Zone. Eight development holes have been completed, to date, including one deep vertical hole (to 250 meters) to utilize downhole geophysical methods for further sub-surface exploration. Geochemical results are pending, and at least three more holes are planned. Peshter also drilled seven holes for water flow and

aquifer information. Most of the pump tests have been completed, at this time. Peshter has now initiated drilling for rock mechanics and stability information around the edges of the planned mine. Two holes have been completed, and five more holes are planned for this portion of the drilling program.

Figure 2. Location of 2016 PFS drilling: black = development holes; red = geotechnical holes; blue = hydrogeological test holes; green = IP geophysics test hole; purple sketch = outline of edge of potential mining operation.

Metallurgical and testing is underway, utilizing samples collected from drilling in 2015. Preliminary results suggest good crushing characteristics of the ore. In addition to positive gravity separation results, gold and other metals float readily under normal selected conditions and appear to have relationships that will allow for differential flotation, if required. Leach tests indicate that ore composites are readily leached, and high recoveries are obtained using low reagent concentrations and input rate. Full results and reporting are pending.

Waste characterization and geochemical testing are underway, also utilizing drill samples collect during the 2014-2015 drilling campaigns. Results and reporting are pending.

Paul W. Kuhn, President and CEO of Avrupa Minerals, commented, "Avrupa is pleased about the progress made by Peshter Mining JSC on the PFS at Slivovo. We are excited about the possibility of being a part owner of the first gold mine in the Republic of Kosovo. Shareholders and investors should look forward to further encouraging news coming from the Slivovo 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 nine exploration licenses in three European countries, including six in Portugal covering 3,821 km2, two in Kosovo covering 47 km2, and one in Germany covering 307 km2. Avrupa has three joint ventures, two in Portugal and one in Kosovo, including:

  • The Alvalade JV, with Colt Resources, covering one license in the Iberian Pyrite Belt of southern Portugal, for Zn/Cu-rich massive sulfide deposits;

  • The Covas JV, with Blackheath Resources, covering one license in northern Portugal, for intrusion-related W deposits; and

  • Avrupa's partner at the Slivovo Gold Project in Kosovo is presently advancing the Project by funding and operating a pre-feasibility study.

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.

For additional information, contact Avrupa Minerals Ltd. at 1-604-687-3520 or visit our website at www.avrupaminerals.com.

On behalf of the Board,

"Paul W. Kuhn"

Read the rest of the article at www.publicnow.com
Data and Statistics for these countries : Canada | Georgia | Germany | Portugal | All
Gold and Silver Prices for these countries : Canada | Georgia | Germany | Portugal | All

Avrupa Minerals Ltd.

CODE : AVU.V
ISIN : CA05453A1084
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Avrupa Minerals is a exploration company based in Canada.

Avrupa Minerals is listed in Canada. Its market capitalisation is CA$ 1.9 millions as of today (US$ 1.4 millions, € 1.3 millions).

Its stock quote reached its highest recent level on August 19, 2016 at CA$ 0.25, and its lowest recent point on June 05, 2020 at CA$ 0.02.

Avrupa Minerals has 76 750 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Corporate news of Avrupa Minerals Ltd.
7/6/2016Avrupa Minerals Closes Financing at $1,354,700
7/5/2016Avrupa provides update on Progress at Slivovo Gold Project, ...
6/22/2016Avrupa Minerals Financing Fully Subscribed
6/16/2016Avrupa Minerals Announces Filing of NI 43-101 Technical Repo...
6/7/2016Avrupa Announces $1 Million Private Placement
6/6/2016Avrupa Minerals Provides an Update on JV-Available Projects ...
5/5/2016Avrupa Minerals announces Initial Gold Resource at Slivovo, ...
4/21/2016Avrupa Minerals Appoints New Director
3/22/2016Avrupa Minerals to Produce Maiden Gold Resource Estimate for...
1/22/2016Avrupa to exhibit at VRIC and Mineral Exploration Roundup, V...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (AVU.V)
0.025+25.00%
TSX-V
CA$ 0.025
04/19 16:59 0.010
25%
Prev close Open
0.020 0.025
Low High
0.025 0.025
Year l/h YTD var.
0.020 -  0.040 -16.67%
52 week l/h 52 week var.
0.020 -  0.065 -37.50%
Volume 1 month var.
15,125 -16.67%
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2024-16.67%
202320.00%0.080.03
2022-64.29%0.110.02
2021-53.33%0.150.06
2020275.00%0.150.02
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.82+1.69%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.22+1.63%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.55+2.59%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.48-1.59%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.84-1.31%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19-7.32%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.85-2.63%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 51.83+0.78%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :