Avrupa and Lowell Copper sign option agreement on Alvito Project (iron-oxide-copper-gold, southern Portugal)

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Luís Chambel's avatarSínese

June 22, 2015

Avrupa Minerals Ltd. (AVU:TSXV) and Lowell Copper Ltd. (JDL:TSXV) have signed an option agreement to explore the Alvito iron-oxide-copper-gold (“IOCG”) project in southern Portugal. Lowell Copper can earn up to an 80% interest in the project by incurring total exploration expenditures on the project of US$4.4 million and completing a pre-feasibility study over an 8-year period.

Paul Kuhn, President & CEO of Avrupa, stated that “We are pleased to have attracted a technically strong joint venture partner in Lowell Copper to our Alvito Project. The track records of Mr. David Lowell and other key management and shareholders of the company are impressive and will aid in ensuring that the Alvito project is well-explored.”

David Lowell, Chairman & CEO of Lowell Copper, noted that “The Alvito IOCG project has large potential, and we are looking forward to working with the Avrupa team in this prolific mining region of…

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Diamonds discovered in Mozambique – Mustang Resources’ Save Project

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Diamonds (and rumours of their existence) are not new in Mozambique since colonial times (DIAMANG’s DIAMOC subsidiary had some activity in Mozambique). Later on, kimberlite were discovered/confirmed by soviet teams in the (then already independent) country.

Until now, the country has seen no industrial diamond production (or large scale diamond garimpo activity). That is perhaps about to change. Mustang Resources Limited (an Australian company) has just announced the discovery of alluvial diamonds in the gravels of their concessions along the Save River, in southwestern Mozambique. You may read the full news releases here: Mustang Discovers Diamonds – JORC Table 1 (June 16, 2015), Mustang Discovers Diamonds in Mozambique  (June 15, 2015) and their previous (June 10, 2015) Save River Diamonds Project Update; the company’s October 2014 presentation in OGIGROUPLTD PROJECTS_28Oct. Or, if rather prefer, at ASX website.

Mustang Resources Limited (ASX:MUS), formally called OGI Group Limited, is an…

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