- Avrupa Minerals Ltd. (AVU) has applied for a new exploration permit covering the Kangasjärvi zinc mine in Finland
- The application covers favourable terrain for copper and zinc bearing deposits
- Data for the area has been collected and will be used to generate new untested targets
- Avrupa expects to drill the area sometime in the first half of next year
- Avrupa Minerals Ltd. (AVU) is unchanged trading at $0.04 per share as of 11:54 a.m. ET
Avrupa Minerals (AVU) has applied for a new exploration permit covering the Kangasjärvi zinc mine.
The permit would cover potential extensions and new targets at a favourable mineral-hosting horizon strike. The application covers approximately 18.4 square kilometres of terrain for copper and zinc-bearing deposits.
“The application covers already-known massive sulfide mineralization with good potential for new discoveries… and, we have now started to compile recently-acquired historic drill information to get a better idea of the position and tenor of mineralization in the mine area,” Paul W. Kuhn, President and CEO, said.
The company has already collected data from several surveys over the target area and intends to use the information to generate new, untested targets in the Kangasjärvi area.
According to Avrupa, a review of drillhole logs and data suggests that strongly altered structures supplement the mineralization potential at Kangasjärvi. The area is allegedly complex, but the company expects that selective re-logging and sampling of available core, along with compilation and re-interpretation of all acquired data, will generate new, potential mineral target areas beyond the mine.
Kangasjärvi is located only 25 kilometres south of Finland’s largest base metal mine, the still-active Pyhäsalmi zinc-copper mine. Avrupa expects to drill the area sometime in the first half of next year after when the Finnish government issues the exploration license.
Avrupa Minerals Ltd. (AVU) is unchanged trading at $0.04 per share as of 11:54 a.m. ET.