Company description

Avrupa Minerals is a growth-oriented exploration and development company run by successful technical and financial professionals, focused on exploration of its 100% owned flagship Alvalade copper-zinc project, and also using a modified prospect generator model for other projects.  Avrupa is looking for large and valuable mineral deposits in politically stable and prospective world class mining districts of Europe, including Portugal and Finland.

Avrupa's aim is to create shareholder value through the development of a project portfolio to joint venture or sale to larger mining companies. The projects are all in areas with existing mines and strong geological potential for discovery of further economic metal deposits. Avrupa Minerals holds a number of exploration projects in portfolio at various stages:

- The flagship Alvalade VMS copper-zinc project, located in the Iberian Pyrite Belt in Southern Portugal, where Europe's richest active copper mine operates. Alvalade is a brownfield project with several closed mines, and contains the  Lousal deposit, sporting an historic resource of 20 to 30 Mt @0.7% copper (Cu), 1.4% zinc (Zn) sulfide copper-zinc underground resource, with the potential for more at 5 major, drill-ready targets. One of these targets is the Sesmarias discovery, indicating 2,000m strike length of sulfide mineralization. The company has a JV agreement with Sandfire/MATSA, an Australian based producer of base metals, which is funding all exploration.

- Avrupa also set up a JV with partner Akkerman Exploration for five exploration projects in Finland, each at various stages (greenfields to small historic estimate), targeting gold and copper, and often in areas with operating mines and/or ongoing well-known exploration projects. They are planning three drill holes at the moment (Sept 2024) for the Kangasjarvi project, totalling 1,000 meters, in the two targets at Kangas Main and Kangas North.  Drilling is scheduled to commence during early Q4, depending on drill rig availability.  More information will be distributed as plans coalesce and the drilling company is locked into a time slot during October.

- Avrupa also holds an interest in the small Peshter gold-silver project of the Slivovo JV (with Western Tethyan Resources), located in the Trepça Mineral Belt of the Vardar Zone, historically Europe's most productive district for lead and zinc, just 15 km southeast of Prishtine, the capital city of Kosovo. Avrupa had about 10.5% ownership of the 43-101 compliant open pitable gold resource of 125koz Au with expansion potential, which recently turned into a 2% royalty.

Avrupa Minerals has a strong and dedicated management team with extensive and broad experience from exploration to development with a history of building successful companies. Management is supported by an active board with mining, exploration, and financial experience. In its present areas of exploration, Avrupa enjoys excellent and long-standing relations with government mining agencies, local authorities, and the communities where it works. Ongoing financial support is provided by major shareholder Pacific Opportunity Capital, a Vancouver based family office headed by Executive Chairman Mark T. Brown. A recent financing closed at C$350k, funding Finland drilling and G&A.

Share price Avrupa Minerals: