Dear Shareholders, Friends, and Potential Investors in Avrupa Minerals:
Recently we put out a news release outlining progress at the Alvalade Copper/Zinc Project in Portugal.
At the time, we had completed two drill holes and started a third. The news, while overall strongly positive, did not yet include bell-ringer results. We are, of course, looking forward to those sorts of results, but in the meantime, with FULL support from our partner Minas de Aguas Teñidas, SA (MATSA), the Project moves ahead.
Avrupa Minerals Ltd. (AVU:TSXV) announces that the TSX Venture Exchange (the “TSXV”) has approved the previously announced share consolidation (the “Consolidation”) of the Company’s common shares on the basis of four (4) pre-Consolidation common shares for one (1) post-Consolidation common share. The Shareholders approved the Consolidation at the Annual General Meeting held on December 14, 2020.
Avrupa Minerals Ltd. (AVU:TSXV) is pleased to report that the financing announced on October 9, 2020 has now been closed. A total of $506,357 from the issuance of the 16,878,566 units was raised to provide working capital for exploration programs in Portugal, Kosovo, potential new acquisitions, and for general corporate purposes.
Avrupa Minerals Ltd. (AVU:TSXV) is pleased to announce that it intends to complete a $500,000 private placement and a four (4) to one (1) share consolidation.
Avrupa Minerals Ltd. (TSXV:AVU) is pleased to announce that the Company will start a 7,000 to 8,000 meter diamond drilling program at the Alvalade Project in October, 2020. The program will test the Sesmarias copper-zinc massive sulfide discovery along strike to both the north and south, as well as the Monte da Bela Vista stockwork zone, located approximately nine kilometers north of Sesmarias. The Company will also drill at a number of other attractive massive sulfide targets around the 115-square kilometer license during the early stages of the program.