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Avrupa Minerals Ltd

Avrupa Minerals completes supplemental drill program at Alvito project

So far, Avrupa has completed an initial program of 15 drill holes, totaling 2,127 meters, in eight separate prospect areas

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The Alvito project is in southern Portugal

Avrupa Minerals Ltd (CVE:AVU) updated on its Alvito IOCG (iron oxide, copper gold) project in south Portugal, saying it had just completed a supplemental drill program.

The work is being funded by partner OZ Minerals, whichj are spending A$1mln on exploration to earn-in to 51% of the 300 sq km project. Avrupa is the operator.. 

So far, Avrupa has completed an initial program of 15 drill holes, totaling 2,127 meters, in eight separate prospect areas within the Alvito license.

A team consisting of Avrupa and Oz geologists overseeing the progress of the project agreed to a supplemental program of three additional holes, totaling 300 meters, in the Entre Matinhas prospect area.

This drilling has just been completed, and the drill rig has been removed from the project, Avrupa said. Samples from the first two drill holes in this area have just been sent to the lab.

Avrupa expects to have all processing completed and samples into the laboratory by the second half of July. 

Drilling at several of the other prospects at Alvito, including Entre as Matas, Mata, and Monte do Outeiro hit zones of alteration and mineralization, the firm noted.

Junior explorer Avrupa is 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.

Quick facts: Avrupa Minerals Ltd

Price: $0.02

Market: TSX-V
Market Cap: $2.21 m
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