Vancouver, British Columbia--(Newsfile Corp. - December 19, 2014) - The shares of Avrupa Minerals (TSXV: AVU) (FWB: 8AM) doubled following results from the first ever drill program at its Slivovo Project in Kosovo. The new high grade gold discovery, in the fourth drill hole SLV004, started at surface, with the full 126.5 meter intercept including 6.2 grams per tonne gold, 15.0 grams per tonne silver, 0.092% copper, 0.16% lead, and 0.46% zinc.
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The semi-massive sulphide mineralized block, ranges from 30 meters thick to potentially more than 80 meters thick. Detailed surface geological mapping indicates that the mineralized block may be up to 100 meters wide.
To date, the company has completed 7 holes, totaling 818 meters, including 5 targeting the Pester "sulfide-oxide gossan" zone and 2 targeting the Pester "SW gossan extension". Results from subsequent drill holes SLV005 and SLV006 are expected in January. The 8th hole, which also targets the extension, is presently underway.
Paul W. Kuhn, President and CEO, stated: "We are extremely excited and positive about the initial results at Slivovo. In addition to the strong gold results from SLV004, we are also quite excited about the presence of significant copper anomalism in the drill hole, which may point to the possibility of a larger porphyry system located in the lower plate rocks, underneath the thrust fault. We will look forward to receiving results from SLV005 and SLV006 for the possibility of extending the Slivovo gold mineralization."
The project is operated by Avrupa and funded by its partner, Byrnecut, an Australian-based, internationally renowned specialist underground mining contractor.
Avrupa is a growth-oriented junior exploration and development company focused on discovery, using a prospect generator model, of valuable mineral deposits in politically stable and prospective regions of Europe, including Portugal, Kosovo, and Germany. The Company currently holds 14 exploration licenses in three European countries, including eight in Portugal covering 2,952 square kilometres, five in Kosovo covering 153 square kilometres, and one in Germany covering 307 square kilometres.
Avrupa, which currently operates three joint ventures and one exploration alliance in Portugal and Kosovo, is upgrading precious and base metal targets to JV-ready status in a variety of districts, with the idea of attracting potential partners to project-specific and/or regional exploration programs.
Avrupa is trading at $0.33 and with 43.4 million shares outstanding, the company is capitalized at $14.3 million.
For more information please visit the company's website www.avrupaminerals.com, or contact Paul W. Kuhn, President & CEO, at 604-687-3520.
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