Vancouver, BC – TheNewswire – May 26, 2022 – Avrupa Minerals Ltd. (TSXV:AVU) (OTC: AVPMF) (FRANKFURT: 8am) is delighted to announce that it has received a new 7-year exploration license covering the Slivova gold prospect and its potential extensions, located in the Republic of Kosovo. The Company discovered the gold prospect in late 2012 and carried out significant work on the property under a joint venture partnership that continued from 2014 to 2018. From that point on, the Company has suspended the project while renewing and improving the land situation, and continues to actively seek potential JV partners experienced in small mining operations.
Paul W. Kuhn, President and CEO of Avrupa Minerals, said, “We are very pleased to reclaim the Slivova gold prospect after several years of working on the exploration licensing situation in the project area. The new exploration license gives us up to seven years to potentially advance the prospect to a mining solution, and is more than double the size of the original Slivova license. In addition to upgrading the Main Zone and nearby satellite deposits, we will now have the ability to follow new targets and previously speculated extensions to further increase the size of the Mineral Resources at Slivova. The company is actively discussing with potential mining partners to rapidly advance the project through joint venture operations. »
Please refer to the following historical press releases for more detailed information on the Slivovo Gold Project:
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(1)Initial calculation of metal resources
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(2)Subsequent drill results — August 2016
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(3)Other drill results — September 2016
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Figure 1. Overview of the new Slivova exploration license (in black). The Company is planning work in all areas of interest to improve the current mineral resource estimate.
Avrupa Minerals Ltd. is a growth-oriented junior exploration and development company focused on the discovery of mineral deposits, utilizing a hybrid, insight-generating business model. The Company holds a wholly owned license in Portugal, the Alvalade VMS project, currently optioned to Sandfire MATSA under a joint venture agreement with participation. The Company now holds a 100% owned exploration license covering the Slivova gold prospect in Kosovo, and is actively advancing four prospects in central Finland through the recently announced acquisition of Akkerman Finland Oy. Avrupa is focusing its project generation work in politically stable and prospective regions of Europe, currently including Portugal, Finland and Kosovo. The Company continues to seek out and develop other opportunities in Europe.
For more information, contact Avrupa Minerals Ltd. at 1-604-687-3520 or visit our website at www.avrupaminerals.com.
On behalf of the Council,
Paul W. Kuhn, President and Director
This press release has been prepared by the management of the Company, which assumes full responsibility for its content. Paul W. Kuhn, President and Chief Executive Officer of Avrupa Minerals, Chartered Professional Geologist and Registered Member of the Society of Mining Engineers, is a Qualified Person within the meaning of National Instrument 43-101 of the Canadian Securities Administrators. It has reviewed the technical disclosure in this release. Mr. Kuhn, the qualified person, not only reviewed, but prepared and supervised the preparation or approval of the scientific and technical content of the press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
