Avrupa Minerals Ltd. (AVU: TSXV) is a project generator, focused on politically stable and prospective regions of Europe, including Portugal, Kosovo, and Germany. At PDAC2019, we learned from Paul Kuhn, CEO and President of Avrupa Minerals, that their flagship Alvalade VMS Project is a 100%-owned self-funded project, located in the Pyrite Belt of south Portugal, where they recently had a successful drilling campaign that resulted in good grades of copper, zinc, and some gold. Near term plans include getting a joint venture partner for Alvalade, as well as working on their Slivovo gold project in Kosovo. We learned from Mr. Kuhn that Avrupa is also looking for new projects to refill the pipeline.See a copy, following this article, of a News Release by Avrupa Minerals Ltd. (AVU: TSXV) Released March 11, 2019. It is very relevant. Avrupa Minerals Ltd.Allen Alper Jr:This is Allen Alper Jr., President of Metals News, here at PDAC 2019, interviewing Paul Kuhn, CEO and President of Avrupa. Could you give our readers/investors an overview of your Company, your background, your focus and current activities?Paul Kuhn:Certainly, Al. I'm the CEO and President of Avrupa Minerals. We're listed on the TSX Venture. The symbol is AVU. We're a prospect generator, working in Europe. The word Avrupa actually is the Turkish word for Europe. So we explain ourselves in our name.We're working in Portugal, and we're working in Kosovo, mostly. We have a couple projects going on in Portugal, where we just finished a drill project on our Alvalade license.The original discovery was made back in 2014, and we've had a couple of partners since that time. Now we're talking to a potential partner for this project, but we decided to use our own funds to move this one ahead. We needed to get some action in it, because we haven't seen a whole lot of action in the last year.We drilled six holes, 2500 meters. We've extended our main large, massive sulfide lens to about 600 meters long, 300 meters wide, on average, and 25 meters thick. We'll get some results from that, and we've found the starts of a couple of other little lenses and horizons.Avrupa's news release of March 11, 2019, headlined the promising results for drill hole SES026: "Avrupa Minerals drills 28.95 meters of 0.48% Copper and 0.77 g/t Gold."See a copy of this news release at the end of this article. It's quite important for the story.We really worked out the geological situation much better than we had had it before. This is really important because our lenses are a little bit more predictable now, so our drilling should be a little bit more efficient in the future.So that's our Alvalade project, the Sesmarias prospect area.
Allen Alper Jr:Do you have any estimates on resources there?Paul Kuhn:No, no, we're not that far along. We have five or six holes in them, in the large 10 lens we're calling it. We have a couple holes into the 2 lens and a couple holes into the new 26 horizon.We found the stockwork out there under the 8 horizon.Right now we have four lenses/horizons, where we had only two before, and one of them we've extended from 300 meters long to over 600 meters long in this drilling program.Allen Alper Jr:What have you seen so far as to grade?Paul Kuhn:Well, previous grades on the 10 lens were about .4% copper and maybe half a gram of gold, maybe a little bit less. The 2 lens carried the high-grade intercept, the first one, and that was a 2% copper intercept. We don't know where that one goes yet. We're still working on that.
The Sesmarias area, where we've been drilling, is just six kilometers from the old Lousal mine, which is a former 50 million metric tonne deposit, a massive sulfide producer back in the mid-20th century, and that's close to our Caveira mine, which is about 10 kilometers farther north. We also have a stockwork zone just north of Lousal, called Monte da Bela Vista, so the actual Monte da Bela Vista Lousal Sesmarias strike is about 10 kilometers. We could have a big district there with Lousal and Sesmarias and we don't know much about our stockworks at Monte da Bela Vista. Allen Alper Jr:What metals are there? Paul Kuhn:Copper, zinc and we're beginning to see some gold as well. On March 27, 2019 Avrupa confirmed high grade copper assays of Sesmarias "2" Lens on the Alvalade Project, Portugal:Avrupa Minerals Ltd. (AVU:TSXV) is pleased to provide assay results for drill hole SES003, which was drilled on the Alvalade Project in 2014, but not analyzed until now, due to its general proximity and similar visible characteristics to drill hole SES002. The SES003 assays were completed now in order to be added into Avrupa's 3D model of the "2" Lens. Hole SES002 is the Sesmarias "2" Lens discovery hole, and its assay results are also shown below. SES003 added approximately 18 meters of dip length to the "2" Lens, as calculated in 2014.Results from SES003 are comparable to those from SES002, as shown in the tables below.
Allen Alper Jr:Excellent results!Paul Kuhn:We have an IOCG in South Portugal. This was worked on in conjunction with our partnership of OZ Minerals. OZ spent a year and a half on the project with us. They did not find the big one on the surface. So they've given us the whole thing back, and we own that 100% free and clear. We'll do a little work on that this spring, to upgrade it and see if we get another joint venture going on that one. There are drill targets on that license. There's an area that we have not worked on too much. That looks pretty prospective. So I have some possibilities on that for joint ventures as well. That's Portugal.
A good part of this coming six months, I hope will be spent in Kosovo. We have a gold deposit there, as you know, it's called Slivovo. We own a little bit more than 10% of the project at the moment. Our partner Byrnecut International from Australia, has put the project up for sale. There is an interested party, one which I brought to Byrnecut and they're doing their due diligence on this right now.We also have the possibility of a generative joint venture, with a company there in Kosovo and I'll know more about that in the next month or so.Yesterday we spent part of the day, with the Minister of Economic Development of Kosovo and we outlined some ideas for moving forward and some of our plans. They're quite pleased with our continued progress over there. We haven't really worked there for the last couple of years, but now we want to go back and we want to move things along. If I have this joint venture and perhaps some funds from a sale of the Slivovo project, we'll be looking pretty good for this coming year.Lastly, we're also looking for new pipeline projects. I have not put much into the pipeline in the last couple of years. We've been more or less working on our Portuguese projects to get them moving ahead, but I'm looking at some new ideas around Europe to start the early stage exploration business, so we need to refill the pipeline and that's on tap for most of this year, bit by bit.Allen Alper Jr:What type of properties would you be looking at?Paul Kuhn:There are a number of things that I'd like to look at. Certainly we need to put gold property into our portfolio, but I have some ideas on sediment hosted copper deposits, several areas around Europe. I'm positive about continuing work in Portugal and that would be for copper zinc, perhaps iron oxide, and copper gold ideas. There are some possibilities. Of course in Kosovo, if we put together this generative alliance, we'll be looking for both gold and base metal projects.Allen Alper Jr:Very exciting. So, tell us a little bit about your share structure.
Paul Kuhn:We have about 100 million shares, a little bit more. Stock prices have been stuck at five cents for the last too long. We're hoping that we can get that going again. Half of the shares are held by insiders or friends and people that are following us and so there's maybe a 40% float of the outstanding shares. We're followed by a number of newsletter writers right now, which is great. Four or five of them have been following us the last six months. Mostly because of our Alvalade project and we're looking forward to really getting things going. Allen Alper Jr:Excellent. So, what do you think are the main reasons that investors should be looking at Avrupa?Paul Kuhn:Well we're an aggressive prospect generator in Europe. We have good projects. We have two discoveries. We have a strong presence in the Portuguese Pyrite Belt. When we look at our Alvalade project, we have a potential for a large deposit. We have a base in Kosovo, where nobody's really doing any exploring. We're going to go back there now and see if we can do some more Slivovos or bigger than Slivovo. So the investors should keep an eye on our near-term work. The next three to six months, we'll be pushing ahead on several fronts.
Allen Alper Jr:And generating a lot of news.Paul Kuhn:Yeah! We have a lot of news to generate this year. We're looking forward to that.Allen Alper Jr:Is there anything else you'd like to add?Paul Kuhn:We'll finish up in Portugal for the Q1 and get back to Kosovo and have that push us for a little while, until we get our partnership going in Kosovo or in the Pyrite Belt of Portugal.Allen Alper Jr:Sounds excellent, thank you very much for a very interesting interview. We'll publish your press releases as they come out so our readers/investors can follow your progress.Paul Kuhn:Thanks Al, and thank you for interviewing Avrupa Minerals for Metals News.https://www.avrupaminerals.com/410-325 Howe StreetVancouver, BCV6C 1Z7CanadaPhone:+1-604-687-3520Fax:+1-888-889-4874Email:info@avrupaminerals.comThe following is a copy of a News Release by Avrupa Minerals Ltd. (AVU:TSXV)
Released March 11, 2019