Avrupa Minerals’ (TSXV:AVU) chief executive is optimistic his company’s recently announced new #drilling activity in the Alvalade project in #Portugal will return some positive results.
#investing
“The first hole we're drilling in Alvalade everybody's pretty excited about it. It's a 400-meter extension or step out from the last known mineralization at the Lousal mine. We've done a lot of geology work and a lot of geochemistry and geophysics (work), and we'll find out in a few weeks what's going on there,” said Paul Kuhn, president and CEO of Avrupa Minerals.
The company recently announced it has restarted drilling at the Alvalade project in the Pyrite Belt of southern Portugal. Alvalade is a joint venture project between Avrupa and Sandfire MATSA.
Avrupa will be drilling several new targets between the old Lousal and Caveira mines, according to Kuhn. “We're going to be drilling straight through for the next three months, so there's plenty of opportunity for good results.”
The company is also advancing its Slivova Project in Kosova with the recent announcement of a new joint venture option agreement with Western Tethyan Resources, a mineral exploration and development company based in the UK.
“We think that the combination of good exploration and the ability to build a small mine at the Slivova project in Kosovo is a great advantage to us,” Kuhn said. “We found this gold deposit some years ago, we had another partner there for a few years, and we've recently regained the license. And now we're back in the saddle and we're off to the races again.”
Under this new agreement, Western Tethyan has six months to decide whether to move forward fully following a “very aggressive due diligence program,” Kuhn added.
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