News in the mining industry this week is that Canadian firm Avrupa has just pulled in a “big hitting joint venture partner” for its Alvito iron-oxide-copper-gold project in the Alentejo, and plans what it terms a “busy time in Portugal this summer”.
The growing company keen to get known this side of the Atlantic and start attracting investors will be embarking on fieldwork in May with geophysics and sampling, CEO Paul Kuhn has told trade journal Proactive Investors (PI).
“Aside from Alvito, the emphasis on Portugal will be in the Pyrite belt where Avrupa has four licences”.
“Two are exploration licences which already have drill targets, and are ready for joint venture or close to it”, Kuhn told PI.
"We are trying to really move ahead in Portugal this spring and summer, " he added - saying drilling in the case of the Alvito project should come “by the end of the second quarter, or beginning of the third”.
This is yet another newsbyte on the growing interest by foreign mining companies on the purported wealth under the ground in Portugal - highlighted only last month by technology company Ioniq (click here).