Sign up USA
Proactive Investors - Run By Investors For Investors

Avrupa Minerals boss gearing up for busy time in Portugal this summer

The firm has turned attention to Portugal and the Pyrite belt where it has four licences
Avrupa Minerals boss gearing up for busy time in Portugal this summer
The junior miner has turned attention to Portugal

Chief executive of Avrupa Minerals Ltd (CVE:ARU) Paul Kuhn told Proactive Investors that cash it’s raised in the last six months will be used for advancing its projects and raising its investor profile in Europe.

"As a prospect generator, our type of business model is not that well known in Europe," he said.

The Canada- listed junior currently holds nine exploration licenses in three European countries, including six in Portugal covering 3,821 sq km, two in Kosovo covering 47 sq km, and one in Germany covering 307  sq km.

It has made two discoveries in the last few years, and struck a joint venture each year, he explained, adding the firm wanted to attract new investors in Europe.

Its focus is currently in Portugal, having turned from Kosovo, where it has been focused for the last couple of years.

In Portugal,  it has recently pulled in in a big hitting joint venture partner for its Alvito iron-oxide-copper-gold (IOCG) project in southern Portugal.

Oz Minerals Limited (ASX:OML) is a base metal specialist, which is very experienced with this type of deposit.

Kuhn explained how field work will begin in May, with geophysics and the sampling, with drilling earmarked to start by the end of the second quarter or the beginning of the third.

Oz can up earn up to a total 75% in the project by spending A$4mln over around 2.5 years and 51% by spending A$1mln in year one.

Aside from Alvito, the emphasis in Portugal will be on the Pyrite belt, where it has four licences.

Two are exploration licences which both already have drill targets, and are ready for joint venture or close to it, said Kuhn.

"We are trying to really move ahead in Portugal this spring and summer, " he said.

View full AVU profile View Profile

Avrupa Minerals Timeline

Related Articles

electric cars charging
January 30 2018
Feasibility study estimates Sonora is worth over one billion dollars on a NPV basis
mining truck
September 04 2017
"I am delighted to report the intersection of substantial thicknesses of rock identified as perlite and pozzolan,” said Patrick Cheetham, Sunrise executive chairman.
picture of mining drill
August 03 2017
Latest results from drilling at the Sanama Hill target at Ferensola confirmed continuity of the mineralisation
Copyright © Proactiveinvestors.com, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use