Avrupa Minerals announces high grade gold discovery at Kosovo's Slivovo

"The full 126.5-meter intercept includes 6.2 grams per tonne (g/t) gold, 15.0 g/t silver, 0.092% copper, 0.16% lead, and 0.45% zinc," the company said in a statement on its website on Wednesday.

“We are extremely excited and positive about the initial results at Slivovo," Paul W. Kuhn, president and CEO of Avrupa Minerals, said.

"In addition to the strong gold results from SLV004, we are also quite excited about the presence of significant copper anomalism in the drill hole, which may point to the possibility of a larger porphyry system located in the lower plate rocks, underneath the thrust fault.  We will look forward to receiving results from SLV005 and SLV006 for the possibility of extending the Slivovo gold mineralization,” he added.

The Slivovo licence, located approximately 15 kilometres southeast of Kosovo's capital Pristina and covering 15.2 square kilometres (sq m), was issued to Avrupa Minerals in June  2012. 

In April Avrupa MInerals signed an earn-in and shareholders agreement to option out the Slivovo gold project to Australia's Byrnecut International. Under the agreement, Avrupa is the operator.

Avrupa holds five exploration licences in Kosovo, totaling 153 sq km. The Glavej, Selac, and Kamenica licenses host near drill-ready silver and base metal targets, while surface expressions of alteration and mineralization are present on all five licenses.