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Avrupa Minerals, through its wholly-owned subsidiary, MAEPA Lda., holds 7 exploration licenses in Portugal, spread from the north to the south in the country. Total area under control by Avrupa is approximately 3,981 square kilometers.
The Covas license, located about 100 kilometers north of Porto, Portugal's second largest city, covers known and previously mined tungsten mineralization. The property carries a non NI 43-101 compliant resource of 922,900 metric tonnes of 0.78% WO3. The Covas project is now included in a JV with, and funded by Blackheath Resources Inc. Planning for a Phase 3 drilling program is currently underway. The goal of the upcoming drill program will be to expand known resources at several of the larger, higher grade tungsten prospects in the project area, including the Telheira, Lapa Grande, Castelo, Muito Seco, and Boundary deposits. The end goal of the new program will be to complete a resource estimate at Covas by the end of 2014.
Avrupa holds five licenses (Alvalade, Marateca, Mertola, Santa Margarida do Sado, and Sines) in 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. Four of 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. The fifth license is located east of Neves Corvo, along a parallel mineral belt that hosts the past-producing São Domingos Mine. Avrupa completed a four-hole scout drilling project in 2010-11 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.
At least eight more target areas are present in the Marateca license area. Sines is still relatively unexplored, though the Company has located at least two potential VMS targets on the license.
The Company recently acquired the Santa Margarida do Sado and Mertola licenses. Santa Margarida covers potential northward extensions of mineralization from the historic Canal Caveira Mine, located on the Alvalade JV license, immediately adjacent to the south. All four VMS target belts in Portugal -- Neves Corvo, Aljustrel, São Domingos, and Santa Margarida de Serra -- pass through the Santa Margarida license, suggesting strong exploration potential over a large area. Already, based on historic exploration, the Company has recognized several general drill target areas within the license.
The second license, Mertola, is located east of Neves Corvo, and covers the eastern portion, in Portugal, of the São Domingos VMS target belt. The past-producing São Domingos Mine is located close to the east end of the license, and is central to an area of good copper- and zinc-bearing massive sulfide targets. There are numerous known prospects on the license, and core from over 35 holes of historic drilling is available for re-logging and re-sampling.
The Alvalade license (formerly three separate licenses, Alvalade, Canal Caveira, and Ferreira do Alentejo amalgamated into a single license) is the basis of a joint venture project with Antofagasta Minerals. Avrupa presently operates the JV, and has just completed a fifth phase of exploratory drilling. In total, during the period 2012 to 2014, Avrupa drilled 43 holes for a total of over 17,000 meters. In February 2014, the Company announced a significant massive sulfide drill intercept in the Sesmarias target area, located approximately seven kilometers south of the historic Lousal Mine, under 100 meters of weakly consolidated sedimentary cover. Follow-up drilling in the Sesmarias West target area has identified a 1,800-meter strike length of potentially mineralized black shale rock units. In addition, holes in the Monte da Bela Vista, Furadouro, Santa Margarida da Serra, and Faleiros target areas intercepted visible copper mineralization and require further follow-up drilling. Five of these holes contained intervals of greater than 0.3% copper over intervals from 1 to 22 meters in width. The drill targeting was designed to both explore for massive sulfide deposits and to assist in revising and updating the model for geological and structural control of potential mineralization. Avrupa and AMSA geologists and consultants have successfully devised a new working model for drill targeting in the northern regions of the Pyrite Belt, thus opening up large new areas for possible massive sulfide mineralization within the JV area. Recent, improved understanding of the tectono-structural model of the Sesmarias mineralization has led the Company to attempt a single, deep drill hole in the Sesmarias East conceptual target zone. This drilling is presently underway during Q4 2014.
The Company controls a large exploration land package in the Ossa Morena Zone, adjacent to the north of the Pyrite Belt. The Alvito permit, covering 853 square kilometers, is prospective for iron oxide copper-gold and porphyry copper-gold systems, volcanogenic massive sulfide targets, and epithermal precious metal prospects. The Company has already identified more than 20 different mineral targets on the license.
- SANTA MARGARIDA DO SADO – 360.5 square kilometers