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EPIC: AVU
Market: TSX-V
52-week High/Low: C$0.23 / C$0.09
Sector: Mining
Market Cap: C$7.42M
Avrupa Minerals

Avrupa Minerals

Avrupa Minerals is a growth-oriented junior exploration and development company focused on aggressive exploration, using a prospect generator model, for valuable mineral deposits in politically stable and prospective regions of Europe, including Portugal and Kosovo.

Avrupa Minerals

www.avrupaminerals.com

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Big picture - Why invest in Avrupa Minerals


Avrupa Minerals Snapshot

Avrupa Minerals Ltd. is a growth-oriented prospect generator focused on aggressive exploration for valuable mineral deposits in politically stable and prospective regions of Europe with a growing pipeline of prospects in Portugal, Kosovo, and Germany.


An exciting portfolio of exploration projects which includes:


• Copper and Zinc in southern Portugal at Marateca, Mertola, Santa Margarida do Sado, and in the Alvalade JV project area located in the Iberian Pyrite Belt, where Europe's richest active copper mine operates;
• Tungsten in northern Portugal at the Covas JV project area;
• Iron oxide copper-gold (IOCG), copper-gold porphyry, polymetallic massive sulfide, and epithermal precious metal potential in southern Portugal within the Alvito project area;
• Silver, Lead, and Zinc in Kosovo on the Kamenica (Metovit) property in the Trepça Mineral Belt of the Vardar Zone, historically, Europe's most productive district for lead and zinc;
• A Gold-bearing gossan zone target on the Slivovo JV, also located in the Trepça Mineral Belt, just 15 km southeast of Prishtine, the capital city of Kosovo.
• Gold and Tin in eastern Germany in the 307 km2 Oelsnitz exploration license in the historic Erzgebirge Mining District, a 1000-year producer of tin, tungsten, silver, base metals, and uranium.

The Company holds 9 exploration licenses through its subsidiaries and partners.  Avrupa is actively exploring in both Portugal and Kosovo and may, at any time, make further applications to cover attractive possibilities in those countries.  The map below shows the European countries where Avrupa holds licenses and exploration permits.

 

 

Portugal

 

Avrupa Minerals, through its wholly-owned subsidiary, MAEPA Lda., holds 9 exploration licenses in Portugal, spread from the north to the south in the country. Total area under control by Avrupa is approximately 3,821 square kilometers.

In 2014, Avrupa confirmed a VMS copper discovery at the Alvalade JV.  Twenty two holes have been drilled to date, most recently extending the sulfide lens.  More drilling is planned to expand and discover new lenses.

The Covas JV, located about 100 kilometers north of Porto, Portugal's second largest city, covers known and previously mined tungsten mineralization. The property carries a NI 43-101 compliant resource of

  • 449,800 MTUs WO3 indicated mineral resource based on 1,081,000 tonnes at an average grade of 0.42% WO3
  • 767,100 MTUs WO3 inferred mineral resource based on 2,211,000 tonnes at an average grade of 0.35% WO3

Four other licenses are located at the northern end of the Portuguese portion of the Iberian Pyrite Belt (IPB). The IPB is historically one of the world's largest and most prolific copper-zinc-iron massive sulfide belts. The Company's IPB licenses are located to the northwest of, and along trend from the giant Neves Corvo copper-zinc-tin massive sulfide deposit, presently being mined by Lundin Mining. Avrupa recently completed a four-hole scout drilling project on the Marateca license. Two of the holes intercepted silver-rich stockwork mineralization at the Serrinha location. Two massive sulfide targets at São Martinho and Volta were not reached due to difficult drilling conditions.

[Read More...]

 

 

Kosovo

 

Avrupa holds 2 exploration licenses in Kosovo, through its 92.5%-owned subsidiary Innomatik Exploration Kosovo (IEK). The licenses cover an approximate area of 47 square kilometers. In 2014, a high grade gold discovery was made at the Slivovo JV.  A NI 43-101 resource estimate was completed in May 2016:

  • 640,000 mt @ 4.8 g/t gold; 14.68 g/t silver – Indicated Mineral Resource
  • 98,700 ounces gold and 302,000 ounces silver

Partner Byrnecut International has now become the operator and has moved the project to the Pre-Feasibility stage. 

[Read More...]

 

Directors

Paul Kuhn
CEO & Director


Mr. Kuhn joined Avrupa Minerals in July 2010 after working with Metallica Mining in Oslo, Norway since August 2008. He has more than 30 years of experience in the minerals exploration business in North America, Central Asia and Europe. He earned an A.B. Degree from Dartmouth College, US, in 1978, and an M.S. Degree from the University of Montana, US, in 1983.  Mr. Kuhn has worked in a variety of geological terrains, exploring for gold, silver, base metals, uranium, and phosphate deposits, and has spent time as a production geologist in the deep underground mines of the Coeur d`Alene Mining District, historically one of the world’s most important silver districts.  Mr. Kuhn has managed successful exploration programs in the US and Turkey, and was involved in a number of base and precious metal discoveries in Turkey, including the Taç and Çorak polymetallic deposits (presently being developed by Mediterranean Resources), the Cerattepe Cu-Au volcanogenic massive sulfide deposit (held by Inmet Mining), the Altıntepe epithermal Au deposit (being developed by Stratex International), the Diyadın Carlin-style Au deposit (developed by Newmont Mining and currently held by Koza Altin), and the Karakartal porphyry Cu-Au deposit (being developed by Anatolia Minerals).  Mr. Kuhn was also involved with the original mapping and description of the Çöpler porphyry Au deposit (presently under mine construction and development by Anatolia Minerals).

Ross Stringer
Director

Mr. Stringer is a Chartered Accountant and former senior partner of a national CA firm in Canada. He has extensive experience in the financial institutions market place and in the real estate industry, and in recent years, has expanded his area of focus to the mining industry, both at the exploration level, as well as in the production phases. Mr. Stringer has taken part in financings for real estate projects, including both public and private businesses. His financial institutions’ expertise includes retail operations of banks, credit unions, pension funds and brokerage firms, as well as advising a foreign Central Bank and other industry regulators. He is also a Trustee of a large trust fund for First Nations people connected to the mineral resource industry.


Mark Brown
Director


Mark T. Brown is the President of Pacific Opportunity Capital Ltd., headquartered in Vancouver B.C.  Pacific Opportunity is a financial consulting and merchant banking firm active in venture capital markets in North America. Mr. Brown has assisted in the successful establishment of several private and public companies.  In the mining and mineral exploration sector, Mr. Brown has played key roles in the success of Rare Element Resources Ltd., Sutter Gold Mining Ltd., Portal Resources Ltd., Pitchstone Exploration Ltd., Animas Resources, and other junior exploration companies.  His corporate activities include merger and acquisition transactions, financing, strategic corporate planning, and corporate development.  Prior to joining Pacific Opportunity, Mr. Brown managed the financial departments of two TSE 300 companies, Miramar Mining Corp. and Eldorado Gold Ltd.  Mr. Brown has a Bachelor of Commerce from the University of British Columbia and qualified as a Chartered Accountant in 1993, while working with PricewaterhouseCoopers in Vancouver.

 

Paul Dircksen 
Director

Mr. Dircksen has over 35 years of experience in the mining and exploration industry, serving in executive, managerial, and technical roles at several companies. He has a strong technical background, serving as a team member on ten gold discoveries, seven of which later became operating mines. Mr. Dircksen has held senior management positions with a number of resource groups including Orvana Minerals, Lacana Gold, The Cordex Group, Brett Resources, and the Bravo Venture Group. He holds an M.S. in Geology from the Mackay School of Mines at the University of Nevada.

Mr. Dircksen is currently the President and CEO of Timberline Resources Corporation which is listed on the NYSE Market Exchange under the symbol “TLR” and on the TSX Venture Exchange under the symbol “TBR”. Timberline holds a 50-percent carried interest ownership stake in the Butte Highlands Joint Venture in Montana, USA. Timberline Resources focuses on exploration and development of precious metal deposits in the western United States.

Frank Högel
Director

Mr. Högel currently serves as the CEO of Peter Beck Performance Funds GbR and sits on the advisory board of Concept Capital Management. Concept Capital is an asset management company focused on evaluating and investing in Canadian resource companies through equity investments, convertible bonds and gold, silver and copper off-take agreements. Mr. Högel has a MBA with a focus on financial management, banking, and international business and management from the University of Nürtingen, Germany. He also sits on the board of several other public companies listed on the TSX Venture Exchange.


Management

Winnie Wong
CFO

Ms. Winnie Wong received a Bachelor of Commerce Degree (Honours) from Queen’s University in 1996 and is a member of the Institute of Chartered Accountants of British Columbia. She is currently Vice President of Pacific Opportunity Capital Ltd. Prior to joining Pacific Opportunity Capital Ltd., Ms. Wong was the controller of Pivotal Corporation, a company providing software, services, and support to a variety of businesses. Between 1996 and 1999, Ms. Wong worked with Deloitte & Touche, Chartered Accountants.


Adriano Barros
Managing Director, MAEPA


Mr. Adriano Barros received his Degree in Mining Engineering from the University of Oporto, Portugal in 1970. Since then, Mr. Barros has been one of Portugal’s leading exploration and mining consultants, and has been deeply involved in the promotion of the Portuguese mining sector. In addition to working as a lecturer at several leading Portuguese universities, Mr. Barros has worked on tungsten, base metal, and precious metal projects from exploration to production stage. While working for Auspex Minerals and Eurozinc Mining Company in the 1990’s and early 2000’s, Mr Barros was the key person involved in the acquisition of the Aljustrel Mine in 2001 and the Neves Corvo Mine, Europe’s largest copper mine, in 2004. Presently, Mr. Barros is president and general manager of MAEPA Lda., the 90%-owned subsidiary of Avrupa Minerals. His wide experience in the mining sector of Portugal and his extensive contact network in that sector give Avrupa Minerals a significant edge in the exploration business in Portugal. Mr. Barros currently resides in Moledo do Minho, Caminha, Portugal.

Paul Nelles
Managing Director, IEK


Dr. Paul Nelles graduated from TU Berlin in 1972 with a degree in mining engineering and obtained a PhD in mineral processing in 1975. He worked internationally in base metal mining for Metallgesellschaft between 1975 and 1991, at which stage he held the position of General Manager Project Development. In 1991 he was employed as technical director and appointed to the executive board of DESTAG, a leading dimension stone producer and worldwide trader. He was subsequently appointed CEO of the company. Dr. Nelles joined Normandy LaSource in France, as executive director for gold production and industrial minerals in 1997. In 2002 he was appointed as the “Trepca Manager” by the United Nations Mission in Kosovo and was promoted to Deputy Managing Director of the Kosovo Trust Agency in 2004, in charge of all major publicly owned enterprises. Since 2006 he has worked as an independent mining industry advisor and has been instrumental in the formation of Innomatik Exploration Kosovo LLC, a 92.5%-owned subsidiary of Avrupa Minerals. Dr. Nelles lives near Frankfurt, Germany.

Michael Diehl
Chief Geologist, IEK


Dr. Michael Diehl studied geology and mineralogy at the University of Mainz in Germany where he received his MSc in 1982 and PhD in 1989. From 1984 to 1991 he worked for the Ministry of Mines and Energy, Geological Survey of Namibia, division for Economic Geology and Raw Materials. From 1991 to 1997 Dr. Diehl worked for the DESTAG Group in Germany as chief geologist and technical director. He was responsible for the discovery and development of several significant granite deposits in Africa, Brazil, and North America. His work in South Africa led to the discovery of the Springbok gabbro-norite deposit, which was developed into a large dimension stone mine. Since 1997, Dr. Diehl has worked as a worldwide geological consultant in the base and precious metals’ exploration and resource development business, as well as in the industrial minerals sector. From 2004 to 2008, he was appointed by the UN Mission in Kosovo as chief geologist of Trepça Mines. There he was in charge of the geology department, regional and underground exploration, as well as reserve and resource management at Trepça. Under Dr. Diehl’s leadership at Trepça, mine reserves were substantially increased, and a new Pb-Zn-Ag orebody was discovered. Since June 2008, Dr. Diehl has worked as exploration manager at Innomatik Exploration Kosovo, a 92.5%-owned subsidiary of Avrupa Minerals. As a result of Dr. Diehl’s significant geological experience in Kosovo, Avrupa Minerals is positioned to be the leading explorer in the country. Dr. Diehl lives near Frankfurt, Germany.

 

Shares Outstanding 69,306,797   7/5/2016
       
Stock Options
4,480,000
100,000
720,000
300,000
1,145,000
200,000
2,015,000


@C$0.30
@C$0.30
@C$0.10
@C$0.10
@C$0.165
@C$0.10


1/26/2017
4/10/2017
7/15/2017
10/16/2018
3/3/2019
7/15/2020
Finders' Options 628,650
64,800(1) 152,600(2) 411,250(3)

@C$0.10
@C$0.25
@C$0.10

9/24/2016
8/22/2017
7/4/2019
Warrants 49,494,334
4,000,000
7,990,000
5,804,000
2,833,334 4,400,000
10,920,000
13,547,000

@C$0.40
@C$0.25
@C$0.15
@C$0.15
@C$0.40
@C$0.15
@C$0.15

3/28/2017
10/4/2017
9/25/2016
10/16/2016
8/22/2017
7/14/2018
7/4/2019
Finder's Warrants 1,096,650
64,800
152,600
468,000
411,250

@C$0.15
@C$0.40
@C$0.10
@C$0.15

9/24/2016
8/22/2017
7/14/2018
7/4/2019
Fully-Diluted 125,006,431
   
Fully Diluted Cash on Hand(4) Approximately $11,213,153

 

Footnotes

(1)Each Agent's option is exercisable into one common share and one warrant, thus a further total of 64,800 warrants. Each warrant is exercisable at $0.15 for a period of 36 months expiring on 9/25/2016

(2)Each Agent's option is exercisable into one common share and one warrant, thus a further total of 152,600 warrants. Each warrant is exercisable at $0.40 for a period of 36 months expiring on 8/22/2017

(3)Each Agent's option is exercisable into one common share and one warrant, thus a further total of 411,250 warrants. Each warrant is exercisable at $0.15 for a period of 36 months expiring on 7/4/2019

(4)To achieve the fully diluted number, the Company will have raised an additional $11,213,153  from options and warrants being exercised.

 

Avrupa Minerals


Head Office
410-325 Howe Street
Vancouver, BC  V6C 1Z7  Canada
Phone:  +1-604-687-3520
Fax:  +1-604-688-3392
Email:  [email protected]

 

Operations Office
Rua José Eigenmann No. 90, Nogueira
4715-199 Braga , Portugal
Phone:  +351-253274070
Fax:  +351-253615041
Email: [email protected]

 

Kosovo Office
13 Gazmend Zajmi
10000 Prishtinë, Kosovo
Phone:  +381-38 348 342
Fax:  +381-38 246 580
Email:  [email protected]

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