Sign up USA
Proactive Investors - Run By Investors For Investors

Avrupa says plenty of room for further drilling at Slivovo in Kosovo

Avrupa says plenty of room for further drilling at Slivovo in Kosovo

Avrupa Minerals (CVE:AVU) has intersected more gold at its joint venture Slivovo property in Kosovo, with drilling to begin again towards the end of March.

The company reported results from two holes, which included a 12 metre intercept of 12.2 grams per tonne (g/t) gold and 8.02 g/t silver in hole SLV005. This interval included a 7.4 metre intercept of 19.3 g/t gold and 9.32 g/t silver, with visible gold present in a number of sports throughout the interval, Avrupa said.

The second hole, SLV006, returned 10.8 metres of 1.25 g/t gold and 15.1 g/t silver and 3.4 metres of 3.12 g/t gold and 20.8 g/t silver.

So far, Avrupa has drilled eight holes in the first phase of its program, for about 1,000 metres of drilling. The campaign has been suspended on account of the winter weather, but is expected to begin again near the end of March.

The next holes are planned in the epithermal target area, Avrupa said, which will allow time to construct access to further drill sites in the gossan zone.

"We continue to be extremely pleased with the results at Slivovo, particularly those from SLV005," said president and chief executive officer Paul Kuhn.

"We have determined that the probable true thickness of the Slivovo gold mineralization is at least 12 meters, at a distance of approximately 100 meters down the dip of the host sulfide block. Surface outcrops of mineralization suggest that the true thickness may reach to over 20 meters, up dip, closer to the surface."

"While gold results in SLV006 were not as outstanding as those of SLV004 and SLV005, we have shown that the mineralization continues down dip, and that there is plenty of room for further drilling, both along width and at depth."

Every drill hole so far has added to the company's knowledge of the project, and has upgraded its model, Kuhn added, saying he is excited about the potential.

The property is funded by Avrupa's partner Byrnecut International, but is being operated by Avrupa. Shares of Avrupa surged last month after announcing results from hole SLV004 at Slivovo.  The full 126.5 metre intercept returned grades of 6.2 g/t gold, 15.0 g/t silver, 0.092% copper, 0.16% lead and 0.45% zinc.

Avrupa, which holds a total of 11 exploration licenses in Portugal, Kosovo and Germany, had three partner companies fund a total of five drilling programs on its properties last year, excluding Slivovo. Its stock has nearly doubled in the past 12 months.

View full AVU profile View Profile

Avrupa Minerals Ltd Timeline

Related Articles

September 06 2018
Kogi's plans to become an integrated steel producer will allow it to tap into a ready market
Gold bars and gold mining operation
March 28 2018
The AUD gold price is trading near its all-time highs at around A$1,750 per ounce.
electric car
July 20 2018
Commissioning at Sonora is intended for the first-quarter of 2020

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Company receives either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate.

You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Copyright ©, 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