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Avrupa Minerals Ltd.
Summary
| Project: | Slivovo | |
|---|---|---|
| Deposit: | Slivovo | |
| Location: | Kosovo | |
| Commodities: | Gold-Silver | |
| Date: | 5/5/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 5-5-2016: Avrupa Minerals Ltd. announces a Resource Estimation report for its Slivovo deposit at the Slivovo project. JV with Byrnecut International - Initial mineral resource estimate for project. The Slivovo Project is a joint venture between Avrupa Min | |
| Resources: | (Resource): 640Kt @ 4.80g/t Au, 14.68g/t Ag (Ind.) and 2Kt @ 2.00g/t Au, 16.12g/t Ag (Inf.) | |
| CP/QP: | [Resources]: Gary Giroux (Giroux Consultants Ltd.) | |
| ABSTRACT: | The Slivovo Project is a joint venture between Avrupa Minerals (Avrupa) and Byrnecut International (Byrnecut) which is now controlled and managed by the Peshter Mining JSC. At the time of writing, Avrupa holds a 25% interest in Peshter Mining JSC, with Byrnecut International, holding the remaining 75%. The exploration work on the Project to date has been managed by Avrupa. Byrnecut has been funding the exploration work in exchange for a share in the project. Byrnecut has now spent €2 million, approximately C$2.8 million at the time of writing, at Slivovo and has completed 75% of their earn-in requirements. Byrnecut International can earn an additional 10% by completing a Preliminary Feasibility Study on the Slivovo Project for a total interest of 85% by April 10, 2017. Avrupa has contracted Giroux Consultants Ltd of Vancouver, Canada to prepare a NI 43-101- compliant maiden Mineral Resource Estimate for the Slivovo Project, near Pristina Kosovo. Mining Plus Pty Ltd (Mining Plus) has been contracted to undertake work including the independent verification and validation of the input data, data collection protocols, drill orientations, sampling and analytical processes, QAQC protocols, and separately, geological and mineralization wireframe generation and estimation of the Mineral Resource for Byrnecut. The results of this Mineral Resource estimate were privately reported to Byrnecut in accordance with the JORC Code (2012) by Mining Plus. Avrupa has commissioned Mining Plus to convert all relevant sections of the existing private JORC resource report into this NI 43-101 technical report, with the exception of Section 14, which has been completed by Giroux Consultants Ltd. The information contained in this report is related to the maiden Mineral Resource Estimate (MRE) on the Slivovo Project near Pristina, Kosovo. | |
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