Business
Avrupa Minerals Options Slivova Gold Project to Western Tethyan Resources, Kosovo
(TheNewswire) Vancouver, BC – TheNewswire - September 7, 2022 ȁ...
About this update from Avrupa Minerals Ltd.
[{"type":"text","content":"Avrupa Minerals Options Slivova Gold Project to Western Tethyan Resources, Kosovo\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, BC –\n \n \n TheNewswire -\n \n \n September 7, 2022 –\n \n \n Avrupa Minerals Ltd.\n \n \n (TSXV:\n \n \n AVU\n \n \n )\n \n \n (OTC:AVPMF) (FRANKFURT:8AM)\n \n \n is pleased to announce that it has entered into an Option\nAgreement with Western Tethyan Resources (“WTR”) for WTR to\nearn-in up to 85% of the Slivova Gold Project by funding and\nperforming certain work programs to potentially advance the Slivova\nProject to a mining solution.  WTR is a private exploration company\nbased in London and Prishtina, Republic of Kosovo, and is 75% owned by\nLondon AIM-listed Ariana Resources.\n \n \n \n \n Paul W. Kuhn, President and CEO, commented, “We are\nexcited to begin working with Western Tethyan Resources to advance the\nnew Slivova Gold Project.  Previously we identified a NI 43-101\nindicated mineral resource at Slivova of 640,000 mt @ 4.8 g/t gold and\n14.68 g/t silver, or approximately 98,700 ounces of gold and 302,000\nounces of silver\n \n \n (1)\n \n \n .  While the Project has been on hold\nsince 2018, we now see a clear path for advancement at Slivova.  The\nnew 7-year exploration license is double the size of the original\npermit, and includes a number of new targets that may enhance the\nmineral inventory.  WTR and Ariana Resources have a great deal of\nexploration experience in the greater Mediterranean Basin, and Ariana\nis a highly successful mine builder and operator.”\n \n \n \n \n \n \n (1)\n \n \n \n \n Initial Metal Resource\nCalculation\n \n \n \n \n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n Figures 1 and 2.\n \n \n Maps showing location of Slivova in Kosovo, along with target\nareas to be upgraded.  New license is shown as a red polygon.  The\nnames in northwest quadrant are historic Trepça base metal\nmines.\n \n \n \n \n The Terms of the agreement are:\n \n \n \n \n Due Diligence (“DD”)\nPhase\n \n \n with exclusivity from September 1, 2022\n(“Effective Date”) to March 1, 2023\n \n \n \n \n \n \n Euro 35,000 cash payment upon signing;\n \n \n \n \n \n \n Euro 100,000 investment during DD P...