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Avrupa Minerals spends $193,961 on exploration in third quarter

Wednesday, November 30, 2016 8:01
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(Before It's News)

Europe-focused mining group Avrupa Minerals Ltd (CVE:AVU)  spent $193,961 on exploration for the three months to end September, it said.

This included $9,941 on the Covas joint venture, $168,419 on the Alvalade copper project, and  $24,506 on Alvito, $24,969 on Slivovo – a gold and silver project, it revealed in quaterly numbers. Avrupa operates three joint ventures, two in Portugal and one in Kosovo.

The Alvalade venture is with Colt Resources Inc and covers one licence in the Iberian Pyrite Belt of southern Portugal, for copper (Cu)-rich massive sulfide deposits and the Covas JV, with Blackheath Resources Inc,  covering one licence for tungsten deposits;

Avrupa’s partner at the Slivovo Gold Project in Kosovo is advancing it by funding and a pre-feasibility study.

In keeping with a firm at this formative stage, the firm reported a loss of $464,19 (2015 – loss of $629,802).

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