Avrupa Minerals Submits Application for Kangasjarvi Exploration Permit in Pyhasalmi Mining District, Finland

  • The permit application covers 18.4 km prospective for volcanogenic massive sulphide copper-zinc deposits;

  • Includes the former zinc-producing Kangasjärvi mine, operated by Outokumpu Oy in the mid-1980s;

  • Covers possible extensions of VMS mineralization, both near the mine and along strike;

  • Abundant historical data acquired by Avrupa and its partner Akkerman Finland Oy (“AFOy”);

  • AFOy completed the SkyTEM geophysical survey over the original reservation area in 2021;

  • AVU-AFOy carried out a magnetic survey by drone over the priority target areas in the exploration permit application area in 2022;

  • Currently reviewing and compiling the historical drill hole database, while beginning the new drill targeting process.

Vancouver, BC – TheNewswire – August 262022 – Avrupa Minerals Ltd. (TSXV:UAVs) (OTC: AVPMF) (FRANKFURT: 8am) is pleased to announce that it has completed and submitted an application for a new exploration permit covering the historic Kangasjärvi zinc mine, potential extensions and new targets along the favorable mineral horizon. The application covers approximately 18.4 square kilometers of terrain favorable to volcanogenic massive sulphide deposits containing copper and zinc. This is the Company’s second exploration permit application in Finland, following its acquisition of 49% of AFOy (See the press releases of December 20, 2021 and March 9, 2022).

Paul W. Kuhn, President and CEO, said, “The new application is the next step in creating a strong exploration program in the Pyhäsalmi mining district in central Finland. The app covers already known massive sulphide mineralization with good potential for new discoveries. We have already carried out several geophysical surveys, including SkyTEM and drone-assisted magnetic surveys, over the target area. And, we have now started compiling recently acquired historical drill information to get a better idea of ​​the position and grade of mineralization in the mine area. With this information, we hope to be able to generate new, previously untested targets in the Kangasjärvi area. »

Click on image to view full size

Figures 1 and 2. Location of AFOy’s mining reservation rights in the VMS district of Pyhäsalmi, Central Finland.

Click on image to view full size

Picture 3. Location of AFOy’s current exploration permit applications (in blue) at Kolima and Kangasjärvi in ​​the VMS district of Pyhäsalmi, central Finland.

Click on image to view full size

Figure 4. Kangasjärvi Exploration Permit Area.

Click on image to view full size

Figure 5. Historic drill hole locations and district geology. Note the large number of holes (in orange) delineating the historic Kangasjärvi deposit at the northwest end of the permit application.

Click on image to view full size

Picture 6. SkyTEM conductor at 200 to 250 meters depth. The conductive anomaly extends for at least 4 to 5 kilometers southeast of the old mine and one kilometer to the north. The Company is in the process of reviewing historical drill hole information to verify mineralization, host rock geology and structure, to see how these match geophysical data, including SkyTEM and magnetics. Using this information will improve borehole targeting.

Click on image to view full size

Figure seven. Drone-supported total swipe map showing similar anomaly pattern to SkyTEM driver. We suspect that the magnetism is embedded in a horizon marker bed close to the mineralization.

Kangasjärvi is located just 25 kilometers south of Finland’s largest base metal mine, the still active Pyhäsalmi zinc-copper mine. In 1985, Outokumpu provided an internal non-NI43-101 resource estimate for Kangasjärvi which defined an indicated and inferred mineral resource inventory of 300,000 mt of zinc at 5.4%. Mining took place during the winter of 1984-85, and company reports described a total extraction of 86,000 mt of 5.14% zinc and 41 g/t silver before closure of small-scale mining.

Note: Historical resource calculations provided in Outokumpu Oy internal reports have not been prepared according to NI 43-101 reporting standards. While there is no reason one way or another to dispute these historical reports, Avrupa Minerals does not and will not rely on the accuracy of this information to make any further exploration plans and/or make decisions. The information is presented simply to indicate that massive sulphide mineralization is/was present and has been discovered in some identifiable rock units at Kangasjärvi. The massive sulphide body was mined for a brief period, and these same mineral host units could become new targets along the strike length of the units within the exploration application area.

First-pass examination of logs and drillhole data suggests that mineralization at Kangasjärvi is hosted by a unit comprising fine-grained tuffs and sediments, and includes thin layers of limestone that may act as marker beds in the rock. mineral-horizon ensemble. The potential mineral host unit is highly altered, originally chlorite/sericite, then highly metamorphosed to include a cordierite-garnet-sillimanite mineral assemblage. Large-scale disseminated sulphides are present with increasing content of base metal sulphide towards the known massive sulphide layer.

The mineral horizon, as defined by historical drilling in the open pit area and its immediate surroundings over a strike length of 300 meters, is also reflected by strong conductivity and magnetism. As shown in Figures 3 and 4 above, similar high conductivity and magnetism extend into a strong and pronounced anomaly beyond the previously drilled mine area to the southeast for at least four kilometers and also one kilometer north of the Kangasjärvi mine.

The zone is structurally complex, but the Company expects that the new selective logging and sampling of available core, as well as the compilation and reinterpretation of all acquired data, will generate new potential mineral target zones beyond beyond the mine. As work is completed in the coming months, Avrupa will provide additional information on drilling targeting. The Company expects to be ready for drilling when the Finnish government (Tukes) issues the exploration permit, potentially Q1/Q2 2023.

Avrupa Minerals Ltd. is a growth-oriented junior exploration and development company focused on the discovery of mineral deposits, utilizing a hybrid business model that generates insights. The Company holds a wholly owned license in Portugal, the Alvalade VMS project, currently optioned to Sandfire MATSA under a joint venture agreement with participation. The Company now holds a 100% owned exploration license covering the Slivova gold prospect in Kosovo, and is actively advancing four prospects in central Finland through the recently announced acquisition of Akkerman Finland Oy. Avrupa is focusing its project generation work in politically stable and prospective regions of Europe, currently including Portugal, Finland and Kosovo. The Company continues to seek out and develop other opportunities in Europe.

For more information, contact Avrupa Minerals Ltd. at 1-604-687-3520 or visit our website at www.avrupaminerals.com.

On behalf of the Council,

“Paul W. Kuhn”

Paul W. Kuhn, President and Director

This press release has been prepared by the management of the Company, which assumes full responsibility for its content. Paul W. Kuhn, President and Chief Executive Officer of Avrupa Minerals, Chartered Professional Geologist and Registered Member of the Society of Mining Engineers, is a Qualified Person within the meaning of National Instrument 43-101 of the Canadian Securities Administrators. It has reviewed the technical disclosure in this release. Mr. Kuhn, the qualified person, not only reviewed, but prepared and supervised the preparation or approval of the scientific and technical content of the press release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.