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Avrupa Minerals: Drilling at Alvito IOCG Project Commences
VANCOUVER, British Columbia, May 03, 2018 (GLOBE NEWSWIRE) -- Avrupa Minerals Ltd. (TSXV:AVU) (OTC:AVPMF) (FRANKFURT:8AM) is pleased to present an update on the
About this update from Avrupa Minerals Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, May 03, 2018 (GLOBE NEWSWIRE) -- Avrupa Minerals Ltd. (TSXV:AVU) (OTC:AVPMF) (FRANKFURT:8AM) is pleased to present an update on the Alvito Project in South Portugal. Exploration work is funded by OZ Minerals, who are spending A$ 1 million on exploration to earn-in to 51% of the 300-square kilometer Project. To date Avrupa has completed ground magnetics and gravity geophysical surveys, geological mapping, rock chip sampling, and drill targeting. Avrupa and OZ geologists consider the targets to potentially fit into the exploration model for iron oxide (magnetite) copper gold (IOCG) deposits. Originally, a 1500-meter drilling program was slated to be completed during Q3/4 2017, but ongoing ground exploration yielded positive results from additional areas, and that work continued right up until the end of 2017. The proposed drill project has now been increased to 15 holes and approximately 2,100 meters at seven separate target areas. Targeting has been based on positive results from ground magnetics and gravity surveys along with coincident copper and gold geochemical anomalism. Target Name Target Characteristics – Magnetite IOCG Drill holes planned Planned hole lengths Entre Matinhas Magnetite breccia, boundary fault 5 100-150 m Manisela Fault (gossan) 1 200 m Entre As Matas Fault, fracture zone 2 150-175 m Mata Contact and fault intersection; magnetite breccia and quartz vein 1 100 m Monte do Outeiro Dikes and fault, gossan 2 150-175 m Cova Das Minas Quartz vein and fault zone 3 100-150 m Ribeira Dikes and faults 1 150 m Table 1. List of target areas for the Alvito Magnetite IOCG Project, initial phase drilling program. Drilling will start in the Entre Matinhas target area, and continue in the Manisela, Mata, Outeiro, Entre as Matas, Cova das Minas, Ribeira, and Vale Nogueira areas (see news release of January 22, 2018). Holes will range in depth from 100 to 200 meters. The program is expected to continue for 1 ½ to 2 months, with results anticipated by the end of Q2 2018. Map Alvito license drill targets Paul W. Kuhn, President and CEO of Avrupa, commented “We are certainly ready and excited for the start-up of the drilling program after a year of exploration around the license. Our partner OZ Minerals has continued to provide funding a...