410 - 325 Howe Street, Vancouver, BC Canada V6C 1Z7 | T: (604) 687-3520 | F: (604) 688-3392 |
January 23, 2012 | NR 02 - 2012 |
metals, and tin since at least the 1100's during Saxon times.
However, by the early 20th century most of the
mines had been closed, although sporadic mining occurred
during the World Wars. After the Second World War, uranium
and tin were mined extensively until the re-unification of
East and West Germany.
Although there was no significant historical production of
gold in the Erzgebirge, there are reports of several placer
gold operations in the Middle Ages. During the 1970's and
1980's, numerous sites of alluvial gold located within the
license area were recorded by a regional gold panning and
exploration program. In particular, the location of panning
sites strongly correlates with historical stream sediment
anomalies of a suite of path- finder elements often
associated with intrusion-related gold deposits similar to
those found in the Tintina Gold Province of the Yukon and
Alaska.
Avrupa must spend € 140,000 (~C$ 180,000) for exploration
purposes to gain 85% of Oelsnitz Exploration License, which
was issued to Beak on January 12, 2012. The license covers
307.2 square kilometers and has been issued for gold, silver,
tin, tungsten, molybdenum, copper, lead, zinc, tellurium,
barite, and fluorite. Once Avrupa has earned into the
project, the two companies will form a joint venture to
explore for gold on the property. Avrupa will look for
potential partners to further extend the exploration program
from the prospect generation phase.
Paul Kuhn, CEO of Avrupa Minerals, stated that the Company
was excited to start a new venture in a new European
jurisdiction. "We are eager to be moving into the Erzgebirge
District and to be working with Beak Consultants, who are
well-known and respected in the exploration business and in
the Saxony region. There is strong potential for
mineralization in the Erzgebirge, as well as positive mining
and permitting regulations, interest in new business
possibilities from regional and local governments, good
infrastructure, and an able and available workforce. The
merits of the Erzgebirge have already been exhibited by a
long line of applicants for new exploration licenses in the
historic mining area."
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management, and communication technology. Their client base and experience covers countries on nearly all the continents. Beak created the most extensive GIS exploration database for the Erzgebirge, which was instrumental in establishing the mineralization target model and the outline for the joint application to the mining authorities in the state of Saxony. The company is based in Freiberg, Germany, a traditional mining site, hosting the famous Freiberg Mining University, and being one of the important historical mining centers of the Erzgebirge region.
Avrupa Minerals Ltd. is a growth-oriented junior exploration and development company focused on aggressive exploration, using a prospect generator model, for valuable mineral deposits in politically stable and prospective regions of Europe, including Portugal, Kosovo, and Germany.Avrupa has an exciting portfolio of exploration projects consisting of: