Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update


Explorer Begins Drilling at Portugal Copper-Zinc Project
News Update

Share on Stocktwits


Avrupa Minerals Ltd. has begun drilling an initial core hole at its Alvalade copper-zinc project located in Portugal's Iberian Pyrite Belt.

In a news release, junior exploration and development company Avrupa Minerals Ltd. (AVU:TSX.V; AVPMF:OTC; 8AM:FSE) announced that it has started drilling on the Alvalade Copper-Zinc VMS project located within the Iberian Pyrite Belt in Portugal.

Avrupa Minerals stated that its operational plans call for drilling 7,000 to 8,000 meters in the next several months. The firm noted that the drill program was originally scheduled to commence in October, but "delays due to permitting of land and water access set the program back for over a month."

The company advised that the drill rig is now set up at the northern end of the Sesmarias massive sulfide mineralization where it is targeting both strike-length and dip-length extensions of the copper-zinc-iron sulfide zone. The firm indicated that it will be re-logging portions of previous drilling it performed to more clearly identify and target new, additional mineralization with the objective of expanding the projects potential resource.

The firm noted that it has commissioned a helicopter-supported VTEM electromagnetic survey for the northern three-quarters of the Alvalade License. The survey is set to be undertaken in mid-December by Canadian-based Geotech Ltd. The company explained that the data will serve to provide an understanding of the geophysical signatures there that will be used subsequently to assist in finding new potential discoveries, particularly between the historical Caveira Mine and the Sesmarias discovery.

The company advised that "the continuing work program is fully funded by Minas de Aguas TeŮidas S.A. (MATSA)." The firm noted that MATSA will be entitled to a 51% ownership interest in the Alvalade Experimental Exploitation License property after meeting its funding obligation as stipulated in a joint venture agreement between the two companies. If MATSA is successful in its efforts to prepare a bankable feasibility study, it will then earn the right to increase its stake in the project to a total of 85%.

Avrupa Minerals' President and CEO Paul W. Kuhn remarked, "It's great to finally get the drilling program started. The team has worked hard to get to this point, and we are looking forward to the potential expansion of the Sesmarias mineralization, as well as to the discovery of new zones along with the district trend from Sesmarias to Lousal/Monte da Bela Vista to Caveira. We will have a lot going on until the end of the year and expect a busy first quarter of 2021."

The firm noted that MATSA is a private Spanish mining company that owns and operates three mines in the province of Huelva (Andalusia, Spain) and additionally holds 1,312 sq km of exploration permits in southern Spain and 1,106 sq km in Portugal.


1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household 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: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
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 decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Avrupa Minerals, a company mentioned in this article.

Want to read more about Critical Metals and Base Metals investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe