In a news release, junior exploration and development company Avrupa Minerals Ltd. (AVU:TSX.V; AVPMF:OTC; 8AM:FSE) announced that it has started drilling on the Alvalade Copper-Zinc VMS project located within the Iberian Pyrite Belt in Portugal.
Avrupa Minerals stated that its operational plans call for drilling 7,000 to 8,000 meters in the next several months. The firm noted that the drill program was originally scheduled to commence in October, but "delays due to permitting of land and water access set the program back for over a month."
The company advised that the drill rig is now set up at the northern end of the Sesmarias massive sulfide mineralization where it is targeting both strike-length and dip-length extensions of the copper-zinc-iron sulfide zone. The firm indicated that it will be re-logging portions of previous drilling it performed to more clearly identify and target new, additional mineralization with the objective of expanding the projects potential resource.
The firm noted that it has commissioned a helicopter-supported VTEM electromagnetic survey for the northern three-quarters of the Alvalade License. The survey is set to be undertaken in mid-December by Canadian-based Geotech Ltd. The company explained that the data will serve to provide an understanding of the geophysical signatures there that will be used subsequently to assist in finding new potential discoveries, particularly between the historical Caveira Mine and the Sesmarias discovery.
The company advised that "the continuing work program is fully funded by Minas de Aguas TeŮidas S.A. (MATSA)." The firm noted that MATSA will be entitled to a 51% ownership interest in the Alvalade Experimental Exploitation License property after meeting its funding obligation as stipulated in a joint venture agreement between the two companies. If MATSA is successful in its efforts to prepare a bankable feasibility study, it will then earn the right to increase its stake in the project to a total of 85%.
Avrupa Minerals' President and CEO Paul W. Kuhn remarked, "It's great to finally get the drilling program started. The team has worked hard to get to this point, and we are looking forward to the potential expansion of the Sesmarias mineralization, as well as to the discovery of new zones along with the district trend from Sesmarias to Lousal/Monte da Bela Vista to Caveira. We will have a lot going on until the end of the year and expect a busy first quarter of 2021."
The firm noted that MATSA is a private Spanish mining company that owns and operates three mines in the province of Huelva (Andalusia, Spain) and additionally holds 1,312 sq km of exploration permits in southern Spain and 1,106 sq km in Portugal.[NLINSERT]
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