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 Portugal.”