Avrupa Minerals Ltd. · TSXV:AVU
Avrupa Minerals — Investor Presentation (September 2013)
50 slides from Avrupa Minerals's investor presentation, September 2013
Slide 1: European Prospect Generator
TSX.V: AVU European Prospect Generator
Slide 2: Forward Looking Statements
Forward Looking Statements Some of the statements contained in this presentation are forward-looking statements. Forward- looking statements are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control, including, but not exclusively, statements regard
Slide 3: Non-compliant Resource Disclaimer
Non-compliant Resource Disclaimer The resource estimates below, and further referenced in this presentation, are historical in nature and were compiled prior to National Instrument 43-101. “Indicated resources” and “inferred resources” are historical categories that do not correspond to CIM categori
Slide 4: Business Model
Business Model Avrupa Minerals is a Prospect Generator • We generate new projects with early-stage reconnaissance exploration programs • We work in Europe • Old established mining districts with new ideas and expertise • Variety of metals – gold, silver, copper, lead, zinc, tungsten • Stable politic
Slide 5: Business Model -- Results
Business Model -- Results Three joint ventures, to date, in Portugal • Alvalade Joint Venture with Antofagasta Minerals (AMSA) • Covers 3 licenses in Pyrite Belt of Portugal (940 km2) • AMSA has forwarded US$ 4.299 million • AMSA must expend US$ 4.3 million to earn-in to 51% of the project, then pro
Slide 6: Share Structure – Summary
Share Structure – Summary Tightly held share structure (as of 6/30/2013) • 28.6 million shares outstanding(1) • 44.1 million shares outstanding, fully diluted • 46% of shares held by insiders, family, and friends Available cash on hand (as of 6/30/2013) • Approximately C$ 308,800 on hand (consolidat
Slide 7: Stock Price Chart
Stock Price Chart Courtesy of Stockwatch.com TSX.V: AVU 7
Slide 8: Projects in Europe
Projects in Europe Portugal areas of interest Germany Erzgebirge JV (Au-W) • Pyrite Belt (Cu-Zn) • N. Portugal Tungsten District (W-Au) • Ossa Morena Zone (Porphyry Cu-Au) North Portugal Kosovo licenses Covas JV (W–Au) • Vardar Mineral Belt (Ag-Pb-Zn) Arga JV (Au) Sabroso (Au-W) • Sharr-Dragesh intr
Slide 9: Recent Developments -- Portugal
Recent Developments -- Portugal Phase 3 drilling completed on the Alvalade JV project, August 2013 • 8 holes; 4,207.5 meters completed in Phase 3 • Visible copper mineralization in MBV04, MBV05, and MBV06 follow-up holes at Monte da Bela Vista, and at FUR01, the initial hole in the Furadouro target
Slide 10: Recent Developments -- Kosovo
Recent Developments -- Kosovo Discussions for joint venture possibilities continuing, September 2013 • Discussions ongoing with interested party • Projects on hold until decision on potential agreement Purchased remaining 7.5% of Kosovo subsidiary, IEK, to expedite JV possibilities, August 2013 TSX.
Slide 11: Recent Developments -- Germany
Recent Developments -- Germany Work on anomalous zones will commence in September 2013 • Planning for 2013 fall work program underway • Will follow-up clusters of stream silt anomalies with soil sampling across target drainage basins • Identification of potential JV partners underway and ongoing Oel
Slide 12: Project Generation in Portugal
Project Generation in Portugal Why Portugal • Long metals mining history from productive belts • Long exploration history, but not always systematic • Old belts, but new ideas and models, different metals • Established mining law with reasonable regulations • Good communications with Government and
Slide 13: Project Generation in Portugal
Project Generation in Portugal Exploration in Portugal thru 100%-owned subsidiary, MAEPA • +40 years prospecting/exploration experience in Portugal • Excellent working relationships with government and geological survey Avrupa holds 11 licenses, totaling ~3,018 km2 Iberian Pyrite Belt (copper-zinc):
Slide 14: Project Generation in Portugal
Project Generation in Portugal 11 licenses: 3,018 km2 1 license to be issued: 761 km2 3 Joint Ventures: Alvalade JV (Antofagasta Minerals) Covas JV (Blackheath Resources) Arga JV (Blackheath Resources) Caveira Mine, Alvalade JV TSX.V: AVU 14
Slide 15: Pyrite Belt – Alvalade JV
Pyrite Belt – Alvalade JV Northern Belt Neves Corvo Belt Aljustrel Belt Well-positioned in the northern Pyrite Belt TSX.V: AVU 15
Slide 16: Pyrite Belt – Alvalade JV
Pyrite Belt – Alvalade JV Alvalade Joint Venture with Antofagasta Minerals SA • Phase 1 drilling completed at Aldeia dos Elvas, Monte da Bela Vista, and Azinheira dos Barros target areas – alteration and mineralization in 7 out of 8 holes, covering all three areas, with a total of 3,266 meters drill
Slide 17: Pyrite Belt – Alvalade JV
Pyrite Belt – Alvalade JV Furadouro Monte da Bela Vista Surface and subsurface geology on Alvalade JV license block TSX.V: AVU 17
Slide 18: Pyrite Belt – Alvalade JV
Pyrite Belt – Alvalade JV Updated subsurface geology and targeting on Alvalade JV license block TSX.V: AVU 18
Slide 19: Pyrite Belt – Marateca
Pyrite Belt – Marateca Prospecting report and anomaly upgrade completed at Marateca • Five anomalous areas visited and upgraded to targeting status – further detailed mapping and sampling needed to bring to drill-ready level • New understanding of regional geology and structure, gained from work on
Slide 20: Pyrite Belt – Marateca
Pyrite Belt – Marateca 12 mostly untested target areas at Marateca2 and adjacent Alvito (Avrupa drill locations in purple) TSX.V: AVU 20
Slide 21: Pyrite Belt/Ossa Morena Zone -- Alvito
Pyrite Belt/Ossa Morena Zone -- Alvito Alvito license, adjacent to Marateca2: Ossa Morena targets in purple areas; Pyrite Belt targets straddle Alvito and Marateca2 licenses. TSX.V: AVU 21
Slide 22: Ossa Morena Zone -- Alvito Project
Ossa Morena Zone -- Alvito Project Copper anomalism in soil samples on Alvito license: NW-trending zone is nearly 25 km long and 3-4 km wide. TSX.V: AVU 22
Slide 23: Ossa Morena Zone -- Alvito Project
Ossa Morena Zone -- Alvito Project Zinc anomalism in soil samples on Alvito license: NW-trending zone is more spread out than copper anomalism and may delineate other targets TSX.V: AVU 23
Slide 24: Ossa Morena Zone -- Alvito Project
Ossa Morena Zone -- Alvito Project First-pass prospecting targets on/near the Alvito license TSX.V: AVU 24
Slide 25: Covas Tungsten District – NW Portugal
Covas Tungsten District – NW Portugal Covas Tungsten District – previous work • Previous operators mined 366,000 mt @ 0.61% WO3 • Union Carbide estimated inferred + indicated mineral resources of 922,900 metric tonnes @ 0.78% WO3 ( non – NI-43-101 – compliant: Please see disclaimer on Slide 3) • 329
Slide 26: Covas JV
Covas JV AVRUPA / MAEPA progress (2008 -- 2011) • Re-processed prospect-wide ground magnetic data • Soil geochemistry over Covas Dome • Alteration / structural analysis of prospect area • Discovery of significant intrusion-related gold target in Covas Dome • Drill targeting and prioritizing in Covas
Slide 27: Covas JV
Covas JV Covas District geologic mapping and historic drilling (Union Carbide, early 1980’s) • Drill locations only partially cover Skarn Ring zone (purple dashed line) • All known W-bearing skarns lie on/along Skarn Ring • No previous drilling in Covas Dome area Old drill hole locations around Skar
Slide 28: Covas JV
Covas JV Gold -- Tungsten soil anomalies and Tungsten in stream anomalies at Covas TSX.V: AVU 28
Slide 29: Covas JV
Covas JV Gold -- Tungsten soil anomalies and Gold in stream anomalies at Covas TSX.V: AVU 29
Slide 30: Covas JV
Covas JV Banda Azul magnetic low represents an area of strong alteration along possible regional structure and feeder zone for mineralization at Covas TSX.V: AVU 30
Slide 31: Covas JV
Covas JV Intrusion-related gold target area along E-W Banda Azul mag low/alteration zone TSX.V: AVU 31
Slide 32: Covas JV
Covas JV Lineaments of known deposits, mag and geochem anomalies suggest new target areas TSX.V: AVU 32
Slide 33: Exploration in Portugal – new licenses
Exploration in Portugal – new licenses New exploration licenses Arcas, Candedo, and Sabroso licenses • Developing N. Portugal tungsten-gold belt • Outlined two zones of gold-bearing veins at Sabroso; Fall 2013 work planned • Outlining district-scale epithermal potential • First pass work at Arcas in
Slide 34: Exploration in Portugal – Sabroso
Exploration in Portugal – Sabroso Sabroso license • Two target areas from first-pass exploration work • Both are vein swarms in NE- trending corridors, about 1 km wide • Collected 50 vein samples during first- pass exploration: 2 to 50 cm widths • 25 samples carried 1 ppm Au, or better • 8 samples >
Slide 35: Exploration in Portugal – Arga
Exploration in Portugal – Arga Arga JV exploration license • Adjacent to the Covas license • Intrusion-related gold and tungsten targets • Anomalous Au, As, Bi, Pb, Te, Sn, W in quartz vein swarms • NNW-trending mineralized structures pass into the Covas tungsten prospect – at least 7 kilometers of
Slide 36: Exploration in Portugal – Arga
Exploration in Portugal – Arga Tungsten anomalism in soil samples Tin anomalism in soil samples TSX.V: AVU 36
Slide 37: Project Generation in Kosovo
Project Generation in Kosovo 5 licenses: 153 km2 • 2 in northern Vardar Zone • 2 in southern Vardar Zone • 1 in Sharr-Dragash intrusion complex Areas of National Interest • Spread around country • Several areas contain attractive Ag-Pb-Zn targets at surface • ICMM will set application rules in futur
Slide 38: Project Generation in Kosovo
Project Generation in Kosovo Why Kosovo • Long metals mining history from productive belts • Long exploration history, but not systematic and generally near-mine only • Old belts, but new ideas and models, different metals • Established mining law with reasonable regulations • Good communications wi
Slide 39: Project Generation in Kosovo
Project Generation in Kosovo Presently hold five licenses, totaling ~153 km2 Vardar Mineral Zone (silver-lead-zinc): Glavej, Kamenica, Selac, and Slivovo • Shear-hosted, carbonate replacement massive sulfide deposits • Newly recognized possible large system potential at Kamenica • Gold and massive s
Slide 40: Vardar Zone – Slivovo gossan discovery
Vardar Zone – Slivovo gossan discovery Slivovo License (15.14 km2) • Acquired Q2 2012, as a result of GIS-based generative program and discovery of previously-unreported surface mineralization • Discovered a Vardar-style, gold-bearing gossan zone at/near the intersection of NNW-trending Vardar fault
Slide 41: Vardar Zone – Kamenica
Vardar Zone – Kamenica Kamenica License (21.65 km2) • On strike with long-lived Artana Mine (historic modern production of 4-5 mt @ +10% Pb and Zn; 140 g/t Ag; and 1 g/t Au (non - NI 43-101 - compliant estimate: See disclaimer on Slide 3) • 3 high-priority target zones identified; 2 holes drilled at
Slide 42: Vardar Zone – Glavej
Vardar Zone – Glavej Glavej License (4.02 km2) • Close to world class Stan Terg Mine (historic production of 35 mt @ +10% Pb + Zn and 80 g/t Ag (non - NI 43-101 - compliant estimate: See disclaimer on Slide 3) • 2 high-priority target zones identified – Pogledalo/Hazelnut Hill and Spate • First dril
Slide 43: Vardar Zone – Selac
Vardar Zone – Selac Selac License (36.88 km2) • Acquired early 2011, as a result of GIS-based generative program and discovery of previously-unknown surface mineralization • Contains Pogledalo/Hazelnut Hill extensions and other high quality potential target zones in +5 km2 area • Gossans and jaspero
Slide 44: Sharr-Dragesh Complex – Koritnik
Sharr-Dragesh Complex – Koritnik Koritnik License (75.58 km2) • Acquired in early 2012, as a follow-up to regional copper-gold SS anomalies and GIS-based generative program • No previously-recorded explolration in district • First-pass mapping and geochemical results indicate presence of several str
Slide 45: Exploration in Kosovo
Exploration in Kosovo • Ongoing GIS-based prospect generation program • New ideas, models, incl. gold possibilities • Areas of National Interest • Trepça potential • In discussions with another party for exploration an JV Generative exploration success at Slivovo Metallogenic Map of Kosovo (ICMM) TS
Slide 46: Erzgebirge Exploration -- Germany
Erzgebirge Exploration -- Germany Northern Portugal Erzgebirge license Worldwide belts of reduced intrusion-related gold deposits – from C.J.R. Hart, 2007 • Oelsnitz license covers Au, Mo, W, As and geological anomalies delineated by Beak’s proprietary GIS application • New model for district Redu
Slide 47: Directors and Officers
Directors and Officers Paul W. Kuhn – Director, President and CEO • 35 years exploration experience in North America, Turkey, Central, Asia, and Europe • Gold and base metal discoveries in Turkey Mark Brown – Director • President, Pacific Opportunity Capital, a financial consulting firm • Previously
Slide 48: Experienced Management Team
Experienced Management Team Paul Kuhn – President and CEO Winnie Wong – CFO Adriano Barros – General Manager MAEPA sub, Portugal • +40 years discovery-oriented prospecting and management in Portugal • Brought Neves Corvo and Aljustrel Mines into Eurozinc (now Lundin Mining) Paul I. Nelles – Managing
Slide 49: The Near Future
The Near Future Ongoing discussions between AMSA and AVU about the future of the Alvalade JV in the Pyrite Belt of Portugal • Waiting on approval of amalgamation of the three JV licenses • New drill target planning underway • Soil sampling program will commence in the Lousal to Caveira target area C
Slide 50: Summary
Summary Exciting projects in Portugal • Alvalade JV with Antofagasta Minerals in the Pyrite Belt • Covas and Arga JV’s with Blackheath Resources in the N. Portugal Tungsten Belt • Alvito IOCG-porphyry Cu-Au project – at least 16 target areas defined • Gold-tungsten potential in Sabroso and Arcas are
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