Drilling at Regnault target, Frotet project, Quebec
It was good to meet up in person again after a long time with Kenorland Minerals (KLD.V)(3WQO.FSE) CEO Zach Flood at a great conference in Frankfurt last week (Deutsche Goldmesse, organized by Kai Hoffman), and discuss the latest drill results of their flagship Regnault in Quebec, and further plans of the company.
Ice drilling at Regnault target, Frotet project, Quebec
Despite the turmoil going on in the world economy, causing many market commentators to forecast a recession, with the Fed desperately trying to control record inflation with more rate hikes coming up soon, and a Russian president using nuclear rhetorics and firing missiles all over Ukraine, scaring investors away from the markets, for Kenorland Minerals (KLD.V)(3WQO.FSE)
After raising C$1.25M in March this year, and acquiring several early stage copper-zinc and gold projects in Finland, Avrupa Minerals (TSXV:AVU)(OTC:AVPMF) didn’t have spectacular news to report this summer, as it had to wait on Sandfire (new owner of JV partner MATSA) scheduling/financing covenants for further exploration and upgrade of the Alvalade copper-zinc VMS project in Portugal.
Klondike Copper Project, Colorado (US)
After receiving their exploration permits for the Klondike Copper project on June 22, 2022, Alianza Minerals (ANZ.V, TARSF.US) wasted no time and will commence drilling in the first week of August, 2022. Drilling was planned to start mid July, but according to CEO Jason Weber this was delayed last minute, in order to accommodate one additional (unplanned) hole at another project the rig was coming from, and the contractor also wanted to get the rig in for some maintenance before mobilizing to Klondike – Alianza agreed to the short delay.
After a relatively quiet winter season with no drilling news, hybrid prospect generator Alianza Minerals (ANZ.V, TARSF.US) is gearing up to getting ready for potentially up to 5 drill programs this year at their various projects. The optioned out (Allied Copper) Klondike and Stateline copper projects in Colorado, operated by Alianza, are both in the targeting phase now, with exploration permits expected in a few weeks.
Kenorland Minerals (KLD.V)(3WQO.FSE) keeps expanding and finding new mineralized structures at their Regnault target, part of their Frotet project in Quebec, part of the 20/80 JV with Sumitomo where Kenorland is the operator. After announcing the second 25 holes batch of their 57 hole - 17,792m 2021 summer-fall program, it is clear that Regnault contains a considerable gold system, spread out over multiple vein structures.
After announcing a strong and potentially game changing drill result (60.4m @ 2.25% CuEq) at Sesmarias on January 25, 2022, followed by a C$1M private placement on February 8, 2022, Avrupa Minerals (TSXV:AVU)(OTC:AVPMF) managed to increase this amount, and raised C$1.25M on March 2, 2022.
Mount Haldane, Yukon
It has taken Alianza Minerals (ANZ.V, TARSF.US) a while, but it finally seems to have hit ultra high grade silver at their Haldane project in the Keno Hill District (Yukon), and this is exactly what management was looking for all along.
After Avrupa Minerals (TSXV: AVU) commenced drilling last December at its Sesmarias target at the flagship copper-zinc Alvalade project in Portugal, which is operated together with JV partner MATSA (joined company of Trafigura and Mubadala, two commodity giants), the company completed two drill holes so far for 874m of drilling, part of the 7-8,000m program.
As Avrupa Minerals (AVU.V) finalized the Definitive Agreement with MATSA, a 50:50 joint venture company of Mubadala Investment Company, a pioneering global investor, and Trafigura, one of the world’s leading independent commodity trading and logistics houses, on November 20, 2019, exploration programs are being prepared now.