As copper is riding at 9 year highs lately, Golden Arrow Resources (GRG.V, GARWF.US, G6A.FSE) acknowledged this fact and recently made an adjustment to their exploration strategy, which previously focused predominantly on their gold projects Tierra Dorada in Paraguay and Flecha de Oro in Argentina, and to a lesser extent on their Rosales Copper project in Chile. This switch makes sense, as copper is even closing in on all-time highs now (US$4.63/lb Cu), as can be seen on this chart by Macrotrends:
After Avrupa Minerals (TSXV: AVU) commenced drilling last December at its Sesmarias target at the flagship copper-zinc Alvalade project in Portugal, which is operated together with JV partner MATSA (joined company of Trafigura and Mubadala, two commodity giants), the company completed two drill holes so far for 874m of drilling, part of the 7-8,000m program. Hole SES20-031 and Hole SES20-032 were designed to test the area between the massive sulfide intercepted in hole SES008 and the stockwork zone intercepted in hole SES028, also at depth:
Plan view map Sesmarias, gravity geophysical data
With a second wave of COVID-19 in full swing now across the globe, Avrupa Minerals (TSXV: AVU) has finally commenced drilling at its flagship copper-zinc Alvalade project in Portugal, which is operated together with JV partner MATSA (joined company of Trafigura and Mubadala, 2 commodity giants). Delays due to permitting of land and water caused a 5-week setback, but although such limited delays aren’t uncommon in mining, it is good to have things arranged and get into action.
Avrupa and MATSA are focusing first on the Sesmarias massive sulfide discovery, and have planned to drill 7-8,000 meters over the coming months at Sesmarias and at other targets around the Alvalade license.
As 2020 keeps unfolding as one of the most remarkable years of the last decade with COVID-19 disrupting almost everything, resulting in unprecedented drops in economic activity and considerable volatility in the markets, and a second wave of the pandemic seems to be around the corner, the mining industry seems to be looking forward, on the back of a recovering economy, especially China returning back close to normal during the summer. A tiny company that is completely under the radar of many investors, but is also looking to get back into action, is Avrupa Minerals (AVU:TSXV) with its flagship copper-zinc Alvalade project in Portugal, JV’d with MATSA (joined company of Trafigura and Mubadala, 2 commodity giants).
Goliath Gold project; Treasury Metals
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The Critical Investor, an avid and critical mining stock investor and newsletter writer from Europe, looks for high quality companies, strong short-term catalysts and deep value. In this interview with Streetwise Reports, he takes a deep dive into the drivers behind gold's appreciation, discusses several criteria he uses to evaluate mining juniors and developers, and profiles, using his numbers-based approach, 13 junior mining companies, of which most are featuring in his portfolio.
Streetwise Reports (SWR): Gold and silver have been trading more or less sideways for the last month or so. What do you see ahead for the precious metals?
As gold stocks are getting all the attention at the moment with gold firmly in an upward trend it seems, one could almost forget the existence of base metal juniors. This is not entirely justified in my opinion, as for example copper has recovered completely from its March lows, as can be seen in this chart per pound Cu by Macrotrends:
As Avrupa Minerals (AVU.V) finalized the Definitive Agreement with MATSA, a 50:50 joint venture company of Mubadala Investment Company, a pioneering global investor, and Trafigura, one of the world’s leading independent commodity trading and logistics houses, on November 20, 2019, exploration programs are being prepared now. As exciting times are ahead in 2020 for Avrupa after a quiet period, it is time to speak to CEO Paul Kuhn and hear all about why Avrupa is a potentially very interesting investment opportunity at these lows, although the MATSA JV is obviously sparking new interest in the story recently:
It took Avrupa Minerals (AVU.V) a few weeks longer than anticipated to release the first drill results of the Q4 2018 program on the Sesmarias project, part of their Alvalade license located in Portugal, as bringing good news right before PDAC usually generates healthy attention, but the numbers came out pretty interesting anyway in my view. The self-funded 2018 drill program appears to be a real eye-opener for management, as the recently completed 2,498 meters of drilling (6 holes) not only changed their insights on the position of the mineralized lenses discovered so far, but also showed other potentially mineralized structures by intercepting stockwork besides lenses. Step-out drilling of the known 10 Lens is also going according to plan, adding decent tonnage rapidly. Here is an overview of the identified mineralized envelopes/zones at Sesmarias: