Business
Avrupa Minerals Begins Exploration at Alvito IOCG Targets, Portugal
VANCOUVER, British Columbia, June 07, 2017 (GLOBE NEWSWIRE) -- Avrupa Minerals Ltd. (TSXV:AVU) is pleased to provide an update on project activities to date in
About this update from Avrupa Minerals Ltd.
[{"type":"text","content":"VANCOUVER, British Columbia, June 07, 2017 (GLOBE NEWSWIRE) -- Avrupa Minerals Ltd. (TSXV:AVU) is pleased to provide an update on project activities to date in 2017. The Company has progressed two of its projects in an effort to make them more ready for joint venture possibilities and has begun the exploration program at the Alvito iron oxide copper-gold (“IOCG”) project in Portugal. Alvito IOCG Exploration Underway, Portugal The Company’s partner for the Alvito Project, OZ Minerals Limited (“OZ Minerals”), has provided funding for the first phase exploration program which is designed to identify and refine IOCG drill targets. IOCG deposits are characterized by large volumes of iron oxide-dominated alteration and associated copper and gold mineralization. Examples of IOCG deposits include the Olympic Dam Mine in Australia owned by BHP Billiton Ltd. and the Candelaria Mine in Chile operated by Lundin Mining Corporation. OZ Minerals owns two IOCG projects in South Australia: the Prominent Hill Mine, currently in production, and the Carrapateena project, currently in feasibility study. The Alvito project is located approximately two hours from the Portuguese capital of Lisbon (Figure 1). Exploration is focused on an area containing a large copper-in-soil anomaly with a strike extent of 24 kilometers. The first phase of the program will consist of geological mapping and prospecting, and large, license-wide, gravity and magnetic geophysical surveys. The detailed geological and geophysical data will be integrated with results from historical work, and used to identify and rank drill targets for the second phase of the exploration program. Figure 1. Location and outline of the new Alvito extension license covering the entire Alcaçovas iron oxide copper-gold target area. The exploration program will be managed by Avrupa’s Portuguese geological team based in Grandola, Portugal, and led by Mr. Josh Coder, MSc. Geo, formerly with Polish copper producer KGHM. Marateca VMS Project exploration program results, Portugal Also in southern Portugal, Avrupa drilled two holes to test stratigraphy and for possible mineralization in the late fall of 2016. The results from these two stratigraphic holes at the Pego do Altar gossan target on the Marateca project indicated anomalous base metal geochemistry ...