Avrupa Minerals recently announced that the 2017 drilling campaign on the Slivovo Project in Kosovo has started. Peshter Mining JSC (85% Byrnecut International; 15% Avrupa Minerals) has two core rigs running on the property drilling multiple targets.
The drilling is planned as a 3-phase, results-dependent program. The drilling program is designed to discover, delineate, and define further high grade (defined in the Slivovo Project Study as 5 g/t gold or greater) gold resources at the Slivovo deposit in order to potentially create an economic mining solution for the Project. Assuming continued success, the 3-phase program aims to add at least 250,000 ounces of gold from a number of previously-known and new targets located close to and around the present deposit. Cost estimate for the full 3-phase program, totaling 30,000 meters, is approximately C$ 8.3 million. Byrnecut International will fully fund the program.
Paul W. Kuhn, President and CEO of Avrupa Minerals, commented, "We are pleased with our partner’s progress and their commitment to increase the size of the Slivovo gold deposit to a point where a mining solution can be achieved for the Project. This phase is a combination of close-in resource upgrade and near-resource exploration at several compelling targets discovered during the previous three years of work at Slivovo."
Avrupa Minerals Ltd. is a growth-oriented junior exploration and development company focused on discovery, using a prospect generator model, of valuable mineral deposits in politically stable and prospective regions of Europe, including Portugal, Kosovo, and Germany.