Avrupa Minerals Ltd

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Company description

Avrupa Minerals is a growth-oriented exploration and development company run by successful technical and financial professionals, focused on exploration of its 100% owned flagship Alvalade copper-zinc project, and also using a modified prospect generator model for other projects.  Avrupa is looking for very large and valuable mineral deposits in politically stable and prospective world class mining districts of Europe, including Portugal and Kosovo.

Avrupa's aim is to create shareholder value through the development of a project portfolio to joint venture or sale to larger mining companies. The projects are all in areas with existing mines and strong geological potential for discovery of further economic metal deposits. Avrupa Minerals holds a number of exploration projects in portfolio at various stages:

- The flagship Alvalade VMS copper-zinc project, located in the Iberian Pyrite Belt in Southern Portugal, where Europe's richest active copper mine operates. Alvalade is a brownfield project with several closed mines, and contains the  Lousal deposit, sporting an historic resource of 20 to 30 Mt @0.7% copper (Cu), 1.4% zinc (Zn) sulfide copper-zinc underground resource, with the potential for more at 5 major, drill-ready targets. One of these targets is the Sesmarias discovery, indicating 2,000m strike length of sulfide mineralization. The company has a JV agreement with MATSA (a JV between Mubadala and Trafigura, both among the largest commodity/investment players worldwide), which will spend C$2.5M in a first exploration program, and if successful could expand this quickly. MATSA already operates several comparable base metal mines in Spain in the same geological formation, and is looking for more. The exploration/exploitation license has been granted this summer, and after various COVID-19 induced delays drilling is set to commence in November 2020. 

- Another focus is the Sao Domingos Mine on the Marateca Project which contains a relatively small but interesting historic 27Mt resource at 1.25% Cu, 3% Zn and 1% Pb based on just one mineralized lens. Management believes there must be more sulfide lenses as is common in the Pyrite Belt in Portugal.

- Avrupa also holds an interest in the small Peshter gold-silver project of the Slivovo JV, located in the Trepça Mineral Belt of the Vardar Zone, historically Europe's most productive district for lead and zinc, just 15 km southeast of Prishtine, the capital city of Kosovo. Avrupa has about 10.5% ownership of the 43-101 compliant open pitable gold resource of 98,700 ounces of gold (Au) at 4.8 g/t with expansion potential, which recently turned into a royalty. 

Avrupa Minerals has a strong and dedicated management team with extensive and broad experience from exploration to development with a history of building successful companies. Management is supported by an active board with mining, exploration, and financial experience. In its present areas of exploration, Avrupa enjoys excellent and long-standing relations with government mining agencies, local authorities, and the communities where it works.

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