Avrupa Minerals (CVE:AVU) said late Thursday that the mining bureau of Kosovo has awarded it with the Slivovo exploration license, which covers what the company calls "an attractive massive sulfide target" that its geologists discovered last year.
The 15 square kilometre license is located in the
Trepca Mineral Belt of the Vardar Zone, a long-term producing district
of silver and base metals.
"The acquisition of the Slivovo
license resulted from our regional prospecting program in Europe," said
president and CEO Paul Kuhn.
"The exploration program in Kosovo
is part of Avrupa's plan to acquire prospective targets at low cost,
complete early stage exploration work to validate the geological
targets, and then option the projects to qualified partners for further
work and potential discoveries."
Avrupa said its
geological team also completed first-pass sampling, prospecting, and
reconnaissance-style geological mapping on the Koritnik license in
Initial sample results indicated the
possibility for precious metal mineralization related to parallel
northeast-trending structures cutting intrusive rocks of the
Sharr-Dragash complex, the company said.
Further sample results are expected in the next few weeks.
said it continues to entertain joint venture options for the Kosovo
exploration program, with at least four base metal targets drill ready
on three separate licenses.
The three other licenses cover attractive early-stage base and precious metal possibilities, the company noted.
this month, Avrupa said that it has started first-pass reconnaissance
and generative work on the Oelsnitz project, located in the historic
Erzgebirge mining district in eastern Germany.
The district has
hosted nearly 900 years of exploration and mining for silver, base
metals, tin, tungsten, iron, fluorite and uranium.
Avrupa is a
junior explorer using a prospect generator model, for mineral deposits
in politically stable and prospective regions of Europe, including
Portugal, Kosovo, and Germany.
The company has a
portfolio of exploration projects including copper and zinc in southern
Portugal, tungsten and gold in northern Portugal, and silver lead, zinc
and copper and gold in Kosovo.
It now holds 15 exploration
licenses in three European countries, including eight in Portugal
covering 2,532 square kilometres, six in Kosovo covering 198 square
kilometres, and one in Germany covering 307 square kilometres.
The company operates two joint ventures in Portugal.