- Avrupa Minerals (AVU) has received approval for two copper-zinc exploration licenses, Kangasjärvi and Kolima, in the Pyhäsalmi Mining District of central Finland
- The company and its exploration partner, Akkerman Finland Oy, have commenced fulfilling obligations related to the Kangasjärvi license, including payment of annual fees and planning the next phase of exploration
- Three appeals must be reviewed before an exploration license can be granted for the approved Kolima application
- Avrupa Minerals is a junior exploration and development company
- Avrupa Minerals (AVU) opened today at $0.045 per share
Avrupa Minerals (AVU) will soon explore copper-zinc massive sulfide targets in Finland’s Pyhäsalmi Mining District.
The company’s partner, Akkerman Finland Oy, submitted two applications for the Kangasjärvi and Kolima properties, which were approved by Tukes on March 23, 2023.
The Kangasjärvi application has successfully completed the comment and appeal period with no appeals received. The Eastern Finland Administrative Court has issued a certificate, confirming the validity of the exploration license.
Akkerman Finland Oy has commenced fulfilling obligations related to the new license, including payment of annual fees and planning the next phase of exploration. Avrupa plans to initiate drill testing in June focused on a deep EM anomaly and other compelling targets near the historic Kangasjärvi zinc mine, as well as untested targets in the license area.
The Kolima application is facing legal challenges, as three appeals have been filed. As a result, exploration work has been temporarily suspended until the court proceedings are resolved.
Avrupa Minerals is focused on the discovery of mineral deposits through its hybrid prospect-generator business model. In addition to its projects in Finland, the company holds licenses in Portugal and Kosovo, and is actively seeking further opportunities across Europe.
Avrupa Minerals (AVU) opened today at $0.045 per share.
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