Avrupa Minerals Ltd. (CVE:AVU), formerly Evergreen Capital Ltd., is a junior exploration company based in Vancouver, Canada. The Company focuses on a variety of resources, particularly copper-zinc and tungsten deposits in Portugal, and silver-lead-zinc-gold deposits in Kosovo. The Company currently holds four licenses and one application in Portugal through its 90%-owned subsidiary MAEPA Lda. and two licenses in Kosovo through it’s 92.55-owned subsidiary Innomatik Exploration Kosovo (IEK).
Marateca / Alvalade / Canal Caveira / Ferreira do Alentejo – Portugal
Avrupa holds four exploration licenses in Portugal, with a fifth under application. Of these five, four are located in the southern end of the country, in the Iberian Pyrite Belt. These four projects, Marateca, Alvalade, Canal Caveira, and Ferreira do Alentejo are 90% owned by Avrupa. They are located to the northwest of (and along trend from) the giant Neves Corvo copper-zinc-tin sulfide deposit, which Lundin Mining operates as Europe’s largest copper-zinc mine.
The northernmost property, Marateca, which has been only partially explored, has three drill-ready targets, having mineralized rocks similar to Neves Corvo. The drill targets are well-documented geologically, and are supported by coincident geochemical and geophysical anomalies. An additional six early stage targets on the property deserve further follow-up work. Drilling on the first target, São Martinho, has just started, and the company hopes to complete the 500-meter hole by the end of the year, weather permitting.
Both the Alvalade license and the adjacent Canal Caveira application cover two historic copper, zinc, and iron-bearing massive sulfide mines, including the Lousal Mine complex on the Alvalde property (estimated total 50 million metric tonnes massive sulfide material and estimated +6 million metric tonnes mined since 1900 at 0.7% Cu, 1.4% Zn, 0.8% Pb, and locally up to 1 g/t Au, and 20 g/t Ag). First pass compilation work by Avrupa’s Portuguese subsidiary MAEPA has already identified 25 moderate to high priority targets on this property. On the Canal Caveira property, the Caviera Mine operated from the 1930′s to the 1970′s, and reportedly produced up to 100,000 metric tonnes per year with grades in the order of 2-6% Cu, 3-6% Zn, 1-2% Pb, 0.5-1 g/t Au, and < 50 g/t Ag. The property has not recently been systematically explored.
Avrupa understands that neither of properties has been systematically explored in recent times, or perhaps ever. Avrupa has now completed the acquisition of all known and available information for the Alvalade license, and is presently using the data to upgrade and prioritize the known targets and identify new ones. Upon receipt of the final signature from the government for Canal Caveira, the company will continue its compilation and re-interpretation of that data, as well, in conjunction with work on Alvalade. The goal of this work is to prepare a number of significant drill targets for the possibility of a regional joint venture with a larger mining company. Note that neither resource estimates nor production information for the historic mining areas are NI 43-101 compliant.
Covas Tungsten — Portugal
The Covas property is located in the northwestern corner of Portugal. Tungsten mineralization is contained in a 3 km x 2 km ring of skarn deposits surrounding a presumed buried multiple-intrusion complex. Some of the deposits were previously exploited by two Portuguese companies between 1949 and the early 1980’s. Union Carbide and several other companies explored the district extensively up through the mid-1980’s, resulting in approximately 27,000 meters of drilling in 329 holes. However, exploration was not systematic, and only an estimated 40% of the skarn zone was drilled. The central intrusion complex was not at all explored, and there remains a potentially large, bulk-tonnage porphyry tungsten target inside the skarn ring.
From the reported drilling, surface trenching, and geological mapping, Union Carbide calculated a mineral resource (non NI 43-101 compliant) of approximately 1 million metric tonnes of 0.7% WO3 in the skarn deposits. Avrupa intends to complete a basic geochemical study of the central zone and update/re-interpret a magnetic survey completed in 2009, with the aim of generating drill targets both in the central intrusive complex and in the skarn ring. The company is actively searching for a potential JV partner to move the property to the next level.
Glavej – Northern Kosovo
The Glavej silver-lead-zinc exploration project is located 40-45 km northwest of the country’s capital, Prishtine. The license covers approximately 8 square kilometers and is located about 5 km from the 1000+ year old Stan Trg Mine that has reportedly produced 25 million metric tonnes of +10% Pb-Zn metal and 80 g/t Ag. Avrupa’s Kosovo subsidiary, IEK, has generated two potential drill targets on the license at Pogledalo and Spate. Anomalous lead and zinc in soil geochemistry extends for over 800 meters of strike length at Pogledalo, and is coincident with ground geophysical anomalies, and the presence of an outcropping gossan zone.
The target zone is open along strike in both directions. At Spate, there is evidence of an old exploration tunnel, and locals report that massive sulfide mineralization is present in the old workings. Avrupa intends to drill the Glavej anomaly in the 2nd quarter of 2011. The company is also making plans to access the Spate workings. The object of the 2011 work is to upgrade the target areas as soon as possible to possible joint venture stage.
Kamenica – Central Kosovo
The Kamenica silver-lead-zinc exploration project is located 15-20 km east of Prishtine. The license covers approximately 45 square km and is located just 2 km of the historic Artana lead-zinc-silver-gold mine that produced over 18 million metric tonnes of +10% Pb and Zn, 140 g/t Ag, and 1 g/t Au. IEK has generated three initial geochemical/geophysical/geological target areas at Kamenica project, two of which have old exploration tunnels or shafts with reported massive sulfide mineralization. Location of the tunnels coincides with electromagnetic anomalies, in addition to geochemical anomalies.
The company is continuing to upgrade the targets at the Grbes, Metovic, and Ajdarovic through more detailed mapping and sampling, and plans to undertake initial drilling in the 2nd quarter of 2011. The goal of the drilling is to upgrade the anomalies, along with the Glavej targets, to potential joint venture stage.
Paul Kuhn, CEO & Director - Mr. Kuhn joined Avrupa Minerals in July 2010 after working with Metallica Mining in Oslo, Norway from August 2008. He has more than 30 years of experience in the minerals exploration business in North America, Central Asia and Europe. He earned an A.B. Degree from Dartmouth College, US, in 1978, and an M.S. Degree from the University of Montana, US, in 1983. Mr. Kuhn has worked in a variety of geological terrains, exploring for gold, silver, base metals, uranium, and phosphate deposits, and has spent time as a production geologist in the deep underground mines of the Coeur d`Alene Mining District, historically one of the world’s most important silver districts.
Mr. Kuhn has managed successful exploration programs in the US and Turkey, and was involved in a number of base and precious metal discoveries in Turkey, including the Taç and Çorak polymetallic deposits (presently being developed by Mediterranean Resources), the Cerattepe Cu-Au volcanogenic massive sulfide deposit (held by Inmet Mining), the Altıntepe epithermal Au deposit (being developed by Stratex International), the Diyadın Carlin-style Au deposit (developed by Newmont Mining and currently held by Koza Altin), and the Karakartal porphyry Cu-Au deposit (being developed by Anatolia Minerals). Mr. Kuhn was also involved with the original mapping and description of the Çöpler porphyry Au deposit (presently under mine construction and development by Anatolia Minerals).
Gregory E. McKelvey, Director - Mr. McKelvey, MS. Geol., has more than forty years of extensive, international experience in Latin America, Africa, and Europe in expanding responsibilities for large mining companies such as Kennecott, Cominco, Homestake, and Phelps Dodge. He also acts as an Adjunct Faculty member at the University of Arizona in their International Center for Mining Health, Safety, and Environment and worked for the USGS in Latin America. He has also consulted for Lundin, Codelco, Phelps Dodge, Newmont Mining, Gerald Metals, and Quadra Mining.
Mr. McKelvey has successfully directed and led innovative exploration efforts, resulting in the discovery and identification of several major ore deposits. He participated in or led the teams that discovered Sossego (Cu/Au) in Brazil; Sheep Creek (Zn, Cu, Co) in Montana; Spar Lake–Cabinet Mts. (Cu, Ag) in Montana; Sechura, (P2O5) in Peru; extensions of the Punta de Cobre (Cu/Au) deposits in Chile; extensions of ore at Chino (Cu) in New Mexico; the Codelco IOCG discovery in Brazil, and the recent new porphyry copper center at Sierra Gorda in Chile.
Don Ranta, Director - Dr. Ranta is an exploration and development mining executive, experienced in planning, implementing and directing successful exploration and acquisition programs throughout North America, South America, Africa, and other international locations. He has extensive experience in generative exploration, project exploration and appraisal, geologic engineering, and economic evaluation, as well as strategic and business planning. In addition, he is a former President and Board member of the Society for Mining, Metallurgy, and Exploration and is the current Vice President-Finance and a Board member of The American Institute of Mining, Metallurgical, and Petroleum Engineers. He is and has been a director of several junior exploration and mining companies.
He has had a significant role in the successful exploration, discovery, and acquisition of several major ore deposits including the Sleeper gold deposit in Nevada, the Emmons molybdenum deposit in Colorado, the McDonald gold deposit in Montana, and the Santa Gertrudis gold orebodies in Sonora, Mexico. His exploration teams participated in the acquisition or discovery of a number of other deposits including the Paradones Amarillos gold deposit in Baja California, the Aquarius gold deposit in Ontario, Canada, the Kilgore gold deposit in Idaho, the Seven-Up Pete gold deposit in Montana, the Dolores gold-silver deposit in Mexico, the Youga gold deposit in Burkina Faso, the Kuranakh gold deposit in Russia, and the Cochise copper deposit in Arizona.
Mark Brown, Director - Mark T. Brown is the President of Pacific Opportunity Capital Ltd., headquartered in Vancouver B.C. Pacific Opportunity is a financial consulting and merchant banking firm active in venture capital markets in North America. Mr. Brown has assisted in the successful establishment of several private and public companies. In the mining and mineral exploration sector, Mr. Brown has played key roles in the success of Rare Element Resources Ltd., Sutter Gold Mining Ltd., Portal Resources Ltd., Pitchstone Exploration Ltd., Animas Resources, and other junior exploration companies.
His corporate activities include merger and acquisition transactions, financing, strategic corporate planning, and corporate development. Prior to joining Pacific Opportunity, Mr. Brown managed the financial departments of two TSE 300 companies, Miramar Mining Corp. and Eldorado Gold Ltd. Mr. Brown has a Bachelor of Commerce from the University of British Columbia and qualified as a Chartered Accountant in 1993, while working with PricewaterhouseCoopers in Vancouver, Portal Resources Ltd., Pitchstone Exploration Ltd., and other junior exploration companies.