It took a while, but Avrupa Minerals (TSXV:AVU)(OTC:AVPMF) and JV partner Sandfire MATSA finally intercepted a substantial mineralized interval at Sesmarias, after the discovery hole from 2014 intersected 7.95m @ 2.21% Cu, 4.82% Zn, 3.05% Pb and 89.8g/t Ag from 150m.

After a period of relative quietness for Avrupa Minerals (TSXV:AVU)(OTC:AVPMF), things are becoming more active again as Alvalade drilling is completed with results coming from the labs soon.  Exploration planning including first drilling on the first Finnish project will be commencing in June, as the company was recently granted permits.

Although the markets are giving back some of the recent gains after the Fed indicated we aren’t done yet with the high inflation, combined with the slow escalation of the Russia invasion of the Ukraine and the strange incident with the shooting down of the Chinese spy balloon hovering over the US, sentiment for metals and miners seems to be in a recovering trend after a disastrous H2 of 2022.

After raising C$1.25M in March this year, and acquiring several early stage copper-zinc and gold projects in Finland, Avrupa Minerals (TSXV:AVU)(OTC:AVPMF) didn’t have spectacular news to report this summer, as it had to wait on Sandfire (new owner of JV partner MATSA) scheduling/financing covenants for further exploration and upgrade of the Alvalade copper-zinc VMS project in Portugal.

After announcing a strong and potentially game changing drill result (60.4m @ 2.25% CuEq) at Sesmarias on January 25, 2022, followed by a C$1M private placement on February 8, 2022, Avrupa Minerals (TSXV:AVU)(OTC:AVPMF) managed to increase this amount, and raised C$1.25M on March 2, 2022.  

Several weeks after Avrupa Minerals (TSXV:AVU)(OTC:AVPMF) announced the acquisition of four exploration properties in Finland, the company was happy to finally announce a significant drill result at the Sesmarias target, part of their flagship Alvalade project in Portugal. As they were looking for large mineralized intercepts for almost two years now, scanning the complex folded structure stepping out hole by hole, management was delighted to finally hit a mineralized intercept of no less than 113.8m in total.

After a year of slow progress for Avrupa Minerals (TSXV:AVU)(OTC:AVPMF) and JV partner MATSA at the Sesmarias target, part of their flagship Alvalade project in Portugal, it is refreshing to see Avrupa somewhat diversifying away by acquiring four exploration properties in Finland, with some of them even having a historic resource.

Drilling at Sesmarias; Alvalade Project

Although Avrupa Minerals (TSXV:AVU) and JV partner MATSA are progressing slowly but surely at the Sesmarias target, part of their flagship Alvalade project in Portugal, Avrupa recently announced drill intercepts like 36.45m @0.72% Cu and 39.2m @0.44% Cu with lots of byproducts show they are on the right track.

It has been a long wait before Avrupa Minerals (TSXV: AVU) was able to report new drill results at its Sesmarias 8 Lens target at the flagship copper-zinc Alvalade project in Portugal, operated by Avrupa and MATSA in a JV, but it finally did so at June 9, 2021.

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.