Avrupa Minerals Ltd. (AVU:TSX.V, 8AM:FWB) announced on June 19 that it has restored 100% ownership in the Alvalade copper-lead-zinc project in Portugal, reaching agreements with its two partners.
In a June 26 press release, Avrupa announced a private placement to raise $500,000, which will "be used for exploration and operations in Portugal, Kosovo, and Vancouver, and for general working capital."
Paul Kuhn, Avrupa's president and CEO, commented, "Now that we have successfully consolidated the Alvalade copper-zinc project, we have work to prepare for the next stage of drilling."
Kuhn explained that Avrupa already has "a number of compelling targets [at Alvalade] in the immediate surrounding sectors at Sesmarias, as well as drill-ready targets at Monte da Bela Vista (10 km north of Sesmarias) and in the Pombal area (15 km south of Sesmarias). We are actively engaging potential partners for the opportunity to JV into the Project."
In the June 16 edition of J. Taylor's Gold, Energy & Tech Stocks, Jay Taylor stated that "promising values from several holes drilled on this property. . .have been drilled over an 1,800-meter strike length to a depth of 300 meters in a single, structurally deformed sedimentary rock unit." Taylor highlights that one target "likely to be tested in the not-too-distant future is the possible faulted extension of the Sesmarias West Target. In addition, massive sulfides have been identified on the shallow dipping eastern flank of this structure in a setting similar to operating world-class mines within the Iberian Pyrite Belt."
Taylor concluded, "the Alvalade project that appears to hold the potential to host a world class VMS deposit. . .is likely to soon become the flagship project for Avrupa and one that I think will fire up the imagination of the market. Living within the prospect generator model, I would expect Avrupa to prudently advance this project along to the point where it would attract a major mining company's interest."
Read what other experts are saying about:
Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you'll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.
Disclosure:
1) Melissa Farley compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. She owns, or members of her immediate household or family own, securities of the following companies mentioned in this article: None. She is, or members of her immediate household or family are, paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Avrupa Minerals Ltd. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.
Additional disclosures about the sources cited in this article
