Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Avrupa Minerals pulls in big hitter as partner in Portugal

Monday, April 10, 2017 8:09
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Avrupa Minerals Ltd (CVE:ARU) has pulled in a big hitting partner for its Alvito iron-oxide-copper-gold (IOCG) project in southern Portugal in the shape of Oz Minerals Limited (ASX:OML)

The Aussie-listed heavyweight can up earn up to a total 75% interest in the project by spending A$4mln over approximately 2.5 years and 51% by spending A$1mln in year one.

Paul Kuhn, Avrupa’s chief executive, said: “The Oz Minerals exploration team has significant IOCG exploration experience around the world.

“This is Avrupa’s first IOCG target in Portugal, and we look forward to quickly moving the program ahead.”

In 2015, Avrupa, funded by a previous partner, drilled 29 top-of-bedrock core holes in the central Alcacovas target zone.

Twenty-two of these holes intersected visible copper mineralisation, associated with magnetite veining and alteration normally found with IOCG systems

Story by ProactiveInvestors


Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.