Mar 6 2013
Avrupa Minerals Ltd. is pleased to announce the start-up of the third phase of drilling at the Alvalade JV exploration project in southern Portugal. The project is operated by Avrupa Minerals and fully funded by Antofagasta Minerals, SA.
The joint venture anticipates drilling up to ten drill holes and approximately 4,500 to 5,000 meters in this phase of the project. The first part of the new program will target the Monte da Bela Vista area, where previous drilling by the joint venture intersected copper- and gold-bearing vein mineralization, and around the formerly-producing mines at Canal Caveira and Lousal. Further drilling is also planned for several other areas along the Neves Corvo and Aljustrel target trends.
To view the Interpretive Geologic Map of the Alvalade JV, Portugal accompanying this press release, please click on the following link: http://media3.marketwire.com/docs/avu35i.pdf
Paul Kuhn, President and CEO of Avrupa Minerals, said, "We are excited about the start-up of the new phase of drilling at Alvalade. Along with high expectations for the follow-up holes at Monte da Bela Vista, Canal Caveira, and Lousal, we also have a long list of new, high-quality targets. The Alvalade team has developed a total of 23 targets that deserve drill-testing in this phase, though only eight or nine are planned for the coming program. We continue to test areas with exposed target rocks, as well as areas where the targets have been developed under the extensive, property-wide sand, gravel, and structural cover."
Antofagasta Minerals SA ("AMSA") is the mining division of Antofagasta plc. Antofagasta plc is listed on the London Stock Exchange and is a constituent of the FTSE-100 Index, with interests also in transport and water distribution. Currently, AMSA activities are primarily concentrated in Chile where it owns and operates four copper mines: Los Pelambres, Esperanza, El Tesoro, and Michilla. Total production in 2012 was 709,600 tonnes of copper, 12,200 tonnes of molybdenum and 299,900 ounces of gold. AMSA also has exploration, evaluation and/or feasibility programs in North America, Latin America, Europe, Asia, Australia, and Africa.