The Prospector News

Avrupa Acquires New Marateca License in Pyrite Belt, South Portugal

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Avrupa Acquires New Marateca License in Pyrite Belt, South Portugal

 

 

 

 

 

Avrupa Minerals Ltd. (TSX VENTURE:AVU)(FRANKFURT:8AM) is pleased to announce the acquisition of a new license in the northern Pyrite Belt of Portugal. The Mining Bureau of Portugal issued the new Marateca license to Avrupa on July 26, 2013. The license covers approximately 742 square kilometers and is located 40 kilometers north of the Company’s Alvalade joint venture project with Antofagasta Minerals, SA. Avrupa previously held an exploration license, also called Marateca, covering some of the same area as the new license.
 

The new Marateca license covers a portion of the Pyrite Belt that is under-explored. Targets within the license area are potential copper- and zinc-bearing massive sulfide deposits, hosted in a similar geological setting to that of the Alvalade Project.
 

Previous work in the area by Avrupa included exploratory core drilling at three different targets: Serrinha, Sao Martinho, and Monte de Volta. The two holes at Serrinha intercepted zones of stockwork sulfide-quartz veining with anomalous base metal values and silver. Subsequent geological work around the Serrinha target area produced several new drill targets. The holes at Sao Martinho and Monte de Volta were lost due to difficult drilling conditions before reaching the target zones. Armed with much new knowledge and experience in the Pyrite Belt, the Avrupa technical team is highly optimistic about further drilling in all three target zones.
 

In addition, further geological mapping and prospecting completed last year identified five areas in the new license with exposed rock units that typically host massive sulfide deposits in the Pyrite Belt. Recently, the Company discovered outcropping copper mineralization at the Cordoeira target area, and an outcropping gossan zone in the Pego do Altar target area. There are at least five other known targets on the property, but little previous work has been completed in these areas.
 

The Marateca license lies adjacent to the Company’s Alvito license which hosts a number of early-stage copper and precious metal targets. Avrupa is aiming to joint venture both licenses, singly or together, and has begun to actively encourage potential partners to review the numerous metals’ targets on both licenses. The two licenses, together, cover 1,730 square kilometers and provide both regional exploration target possibilities and individual, already-identified targets that can be brought to drilling stage with a small amount of surface exploration work.
 

Avrupa Minerals Ltd. is a growth-oriented junior exploration and development company focused on discovery, using a prospect generator model, of valuable mineral deposits in politically stable and prospective regions of Europe, including Portugal, Kosovo, and Germany.
 

The Company currently holds 17 exploration licenses in three European countries, including 11 in Portugal covering 3,018 km2, five in Kosovo covering 153 km2, and one in Germany covering 307 km2. Avrupa operates three joint ventures in Portugal, covering five of the licenses, including:

 



--  The Alvalade JV, with Antofagasta Minerals SA, covering three licenses
    in the Iberian Pyrite Belt of southern Portugal, for Cu-rich massive
    sulfide deposits;

--  The Covas JV, with Blackheath Resources, covering one license in
    northern Portugal, for intrusion-related Au-W deposits; and

--  The Arga JV, also with Blackheath Resources, covering one license
    located adjacent to the Covas JV, for intrusion-related Au-W deposits.
 

 

 

Avrupa is currently upgrading precious and base metal targets to JV-ready status in a variety of districts on their other licenses, with the idea of attracting potential partners to project-specific and/or regional exploration programs.

Posted July 31, 2013

Share this news article

MORE or "UNCATEGORIZED"


Koryx Copper Intersects 338.61 Meters At 0.38% Cu Eq Including 230.61 Meters At 0.45% Cu Eq and Multiple 2 Meters Intersections Over 1.00% Cu Eq

Significant copper and molybdenum intersections include: HM09: 13... READ MORE

May 15, 2024

Aya Gold & Silver Reports Q1-2024 Results; Maintains Guidance; Zgounder Expansion on Track

Aya Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF) is pleased t... READ MORE

May 15, 2024

Silver Mountain Delivers Positive Preliminary Economic Assessment For Its Reliquias Project, Peru; Pre-Tax NPV 5% Of C$107 million, Pre-Tax IRR Of 57%, And Payback Of 1.8 Years

Key Highlights – Preliminary Economic Assessment Pre-Tax Net Pr... READ MORE

May 15, 2024

ARIS MINING REPORTS Q1 2024 RESULTS WITH SEGOVIA GENERATING $13.8 MILLION IN OPERATING CASH FLOW

Aris Mining Corporation (TSX: ARIS) (NYSE-A: ARMN) announces its ... READ MORE

May 15, 2024

Orla Mining Reports First Quarter 2024 Results

Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) announces the results fo... READ MORE

May 15, 2024

Copyright 2024 The Prospector News