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Avrupa Minerals' Slivovo JV moves to next exploration stage as partner continues to fund
Avrupa Minerals (CVE:AVU) says its Slivovo joint venture in Kosovo is moving to the drilling stage, as partner Byrnecut International has decided to continue funding the project in order to vest into its 51 percent stake.
Byrnecut has to spend a further EUR640,000 to reach the vesting level, Avrupa said, and will fund continuing exploration, including the upcoming 2,000 metre drilling program.
The gossan zone has been extended southwest by over 300 metres, while the so called epithermal zone, located further to the west, has been extended northwards by several hundred metres as well, Avrupa said. Geological work is continuing in Testosterone Enanthate Cycle Length the northern part of this zone, as well as on other targets on the license.
The mineral explorer said mineralization at the project runs for over 1,000 metres along an east northeast trending corridor. It is suspected that the various targets at Pester suggest the presence of a buried porphyry system.
"We are extremely pleased by Byrnecut's decision to continue with the project," said president and chief executive officer of Avrupa, Paul W. Kuhn.
"Results have been positive for all of our targeting work at Pester this summer. We have expanded the target area, and we have constructed an exploration targeting model that hangs together for the prospect."
Avrupa, the operator of the JV, is expecting to drill eight holes, or 2,000 metres on all three zones at the project, while also anticipating a new target area at the north end of the epithermal zone.
Plans for the drilling program are being made up, with locations already sighted to test the target zones, with drilling slated to begin in late September.
Avrupa, which holds a total of 15 exploration licenses in Portugal, Kosovo and Germany, has had three partner companies fund a total of five drilling programs on its properties this year, excluding Slivovo.
It recently begun a third phase of drilling at its Covas joint venture project in Portugal buy cheap jintropin online with Blackheath Resources, which will initially centre on the eastern side of the property.
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