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Avrupa Minerals Reviews Progress and Plans for 2026
Thenewswire· 2026-02-02 23:00
Core Viewpoint - Avrupa Minerals Ltd. is advancing its exploration programs in Finland, Portugal, and Kosovo, focusing on acquiring permits and partnerships to enhance its mineral exploration portfolio in 2026 [1]. Group 1: Finland Exploration Progress - In 2025, the company, through its partnership with Akkerman Finland Oy, acquired the Lippikylä exploration permit from First Quantum Minerals, located less than 2 km from the Pyhäsalmi Mine, which covers potential extensions of the known mineral horizon [1]. - The acquisition of the Greater Lehto exploration permit from Pyhäsalmi Mine Oy complements the Lippikylä permit, with both acquisitions providing access to historic exploration data and suggesting at least five drill-ready targets [1][4]. - The company also acquired the KKS exploration reservation, which covers three VMS prospects located 20-30 km NNW of the Pyhäsalmi Mine [5]. Group 2: Historical Context of Mineralization - Historical work at the Kurpas location by Outokumpu in the 1960s outlined several lenses of massive sulfide mineralization along a 700-meter strike length [7]. - At the Kaskela site, two massive sulfide lenses were discovered in 1985, with limited drilling outlining mineralization over a 1.2-kilometer strike length [8]. - The Sirviö prospect was discovered in 1957, with limited historical work outlining low-grade mineralization within a 600-meter corridor [9]. Group 3: Portugal and Kosovo Developments - In June 2025, the company applied for a mining license for the Sesmarias Cu/Zn VMS deposit in Portugal and is seeking a mining partner to advance the project [10]. - The Slivova gold project in Kosovo is currently on hold pending the re-issuance of the exploration license by the Kosovo Mining Bureau, with expectations for resuming activities once the license is obtained [12]. Group 4: Future Plans and Objectives - The company aims to discover a minimum of 10 million metric tons of copper-zinc ore within trucking distance of the Pyhäsalmi Mine complex to support the operational mill, which can process 1.2 to 1.4 million metric tons of ore per year [14]. - Plans for 2026 include initiating work at the Lippikylä and Greater Lehto projects once a partner is secured [15]. - The company is focused on developing new opportunities in politically stable regions of Europe and is actively seeking joint venture partnerships for its projects in Finland and Portugal [16].