|Bid||0.08 x 0|
|Ask||0.09 x 0|
|Day's Range||0.09 - 0.09|
|52 Week Range||0.06 - 0.12|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
In July, Avrupa completed drilling on the Alvito Iron Oxide Copper-Gold (IOCG) Project, presently joint ventured with OZ Minerals (see recent news releases, May 3 and July 3, 2018), who are spending A$ 1 million on exploration as the first stage earn-in to 51% of the 300-square kilometer Project. Avrupa is the operator of the program. Avrupa drilled 18 holes, totaling 2,437.5 meters in eight separate prospect areas on the Alvito exploration license. IOCG-style mineralization is present in drill holes in at least two of the prospect areas, Entre Matinhas and Entre as Matas. Possible IOCG-style sulfide mineralization is present in drill holes at the Outeiro and Manisela prospects. Epithermal-style sulfide mineralization is present at the Mata and Cova das Minas prospects. All samples from drill holes with IOCG-style mineralization have now been processed and delivered to the ALS Minerals prep lab in Seville, Spain. Results are expected during the second half of August.
Avrupa Minerals Ltd. (AVU.V) (US DTC:AVPMF)(8AM.F) is pleased to provide an update on drilling at the Alvito IOCG Project in South Portugal. Project work is funded by OZ Minerals, who are spending A$ 1 million on exploration to earn-in to 51% of the 300-square kilometer Project. To date, Avrupa has completed the initial program of 15 drill holes, totaling 2,127 meters, in eight separate prospect areas within the Alvito license. The technical committee (comprised 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 (see map in news release of May 3, 2018). This drilling has just been completed, and the drill rig has demobilized from the project.