Assessment
Avrupa Minerals (TSXV:AVU) is a junior exploration and building corporate founded in Vancouver, British Columbia. The corporate follows a singular prospect generator style fascinated about competitive trendy exploration for world-class mineral deposits in politically-stable jurisdictions throughout Europe, together with Portugal, Kosovo and extra currently, Finland.
Avrupaâs hybrid prospect generator style is designed to create shareholder worth through development an in depth portfolio of initiatives appropriate for exploration to be funded through three way partnership or offered to greater mining corporations. The corporate leverages new ways and applied sciences to support exploration efforts and facilitate new discoveries. In some instances, corporations following the possibility generator style have turn out to be royalty corporations through permitting companions to dilute them to a treasured royalty, and Avrupa has vital publicity to this path to liquidity.
Avrupaâs function is to have one flagship, 100-percent-owned assignment, that it advances with its personal finances as an alternative of via spouse investment. The Finland initiatives, a few of that have ancient base steel assets, are being assessed to spot flagship doable for one of the crucial property.
The corporate’s initiatives are all situated in spaces with current mines and robust geological doable for the invention of additional financial steel deposits. As an example, the corporateâs flagship Alvalade JV assignment is situated within the Iberian Pyrite Belt (IPB) of southern Portugal, a hotspot for mining with over 80 historical mines within the Belt. Right now, there are seven lively mining operations within the IPB of Portugal and Spain.
Corporate Highlights
- Operates in mining-friendly jurisdictions which can be additionally potential for enormous deposits
- Europe provides established mining districts, pro-mining insurance policies and quite a few metals together with gold, silver, copper, lead, zinc and tungsten
- In the hunt for companions for strategic alliances and/or project-specific JVs to fund huge drill systems.
- Owns the Alvalade JV (VMS-copper-zinc), situated within the Pyrite Belt of southern Portugal.
- JV earn-in settlement with Sandfire-MATSA at the Alvalade copper assignment
- Sandfire-MATSA at the moment investment drilling on the Alvalade copper-zinc assignment
- Slivova Gold Undertaking within the Vardar Mineral Belt in Kosovo. Discovery made in 2012. Preliminary gold useful resource estimate accomplished in April 2016.
- Made two vital discoveries: the Slivova gold goal and the Sesmarias VMS at Alvalade.
- 4 Finland initiatives obtained in 2021, some with ancient copper and/or zinc assets.
Key Tasks
Alvalade copper assignment
The IPB is among the globalâs biggest and maximum prolific copper-zinc-iron huge sulfide belts with mining historical past relationship again greater than 2,000 years. 3 out of 4 of the remaining greenfield discoveries within the IPB at the moment are huge working mines, together with the enormous Neves Corvo copper-zinc-tin huge sulfide mine. Alternatively, the realm has no longer skilled any actual exploration because the mid-Nineteen Nineties. In 2012, Avrupa Minerals’ workforce started making use of its experience to the area leading to a brand new discovery at Alvalade in 2014.
Avrupa Mineralsâ Alvalade license is situated alongside development to the northwest of Neves Corvo, which is at the moment the most important working copper-zinc mine in Europe.
The Alvalade assignment comes to an earn-in settlement that Avrupa (the operator) does no longer need to fund at the moment. The assignment used to be prior to now optioned to Antofagasta Minerals, one of the crucial globalâs biggest copper manufacturers. Armed with a brand new geological style, Avrupa Minerals used to be ready to effectively entire 5 rounds of drilling at Alvalade between April 2012 and October 2014.
The preliminary 2014 drill program made a vital VMS discovery within the Sesmarias West goal at the Alvalade JV; the primary of its type at the Iberian Pyrite Belt in twenty years. New huge sulfide goals have been additionally recognized at Sesmarias East and at Pombal 15 kilometers south of the Sesmarias house.
Sesmarias drill effects come with:
- SES002 â 10.85 meters @ 1.81 % copper, 75.27 portions consistent with million (ppm) silver, 2.57 % lead, 4.38 % zinc, 0.13 % tin
- SES010 â 57.85 meters @ 0.45 g/t gold, 25.1 g/t silver, 0.32 % copper, 0.61 % lead, 1.95 % tin
Beneath a brand new spouse, a drill program used to be initiated in This autumn 2015. 4 holes have been drilled across the house of SES010 and effects showed and prolonged the huge sulfide lens to a period of 300 meters with a 35- to 40-meter thickness.
In February 2019, Avrupa Minerals reported further drill effects from its personal drilling program on the Sesmarias prospect. The corporate accomplished six holes totaling 2,498 meters together with effects from SES026, which prolonged the â10â lens through 300 meters to the north.
- SES026 â 28.95 meters @ 0.48 % copper, 0.77 g/t gold, 15.7 ppm silver, 0.52 % lead and 1.31 % zinc.
In March 2019, Avrupa Minerals launched assay effects for drill hollow SES003, which used to be drilled at the Alvalade assignment again in 2014. The effects from SES003 weren’t first of all analyzed because of its normal proximity to SES002, and have been very similar to the ones high-grade assays famous above.
- SES003 â 13.65 meters @ 1.92 % copper, 38.8 ppm silver, 1.03 % lead, 1.91 % zinc, 0.03 % tin
Alvalade Joint Mission
In October 2019, Avrupa Minerals entered right into a letter of intent with Minas de Aguas Teñidas, S.A.U. (MATSA) to shape an earn-in exploration and exploitation three way partnership at the Alvalade copper-zinc huge sulfide assignment. Beneath the phrases of the settlement, the corporations created a brand new three way partnership corporate, PorMining, Lda., to direct long term operations.
The primary level of the JV is designed to delineate a deposit at Sesmarias and the opposite mineralized goals throughout the obstacles of the Alvalade license, together with the past-producing Lousal Mine, Monte de Bela Vista, and the past-producing Caveira Mine. Avrupa additionally outlined plenty of further close-to-drill-ready goal spaces around the belongings.
With a view to gain a 51-percent pastime within the new JV corporate, PorMining, Lda., MATSA will have to make a sequence of bills, together with â¬1.2 million of exploration expenditures all the way through the primary yr of the settlement and an extra â¬1.2 million at MATSAâs discretion all the way through the next two years. MATSA, now referred to as Sandfire-MATSA, additionally has the chance to earn-in to 85 % of the assignment through offering a bankable feasibility find out about whilst additionally making all required bills to the unique JV spouse.
So far, MATSA has paid Avrupa roughly C$580,000 and has accomplished the specified paintings dedication ensure of roughly C$348,000 upon issuance of the brand new Alvalade Experimental Exploitation License (EEL) to the brand new JV corporate. The fee is refundable to MATSA pending final touch of the license paintings dedication and approval through the Portuguese Mining Bureau (DGEG).
The PorMining geological workforce has made vital advances in growing a brand new and extremely a hit exploration style, according to systematic re-logging of all of the Avrupa core, in addition to re-logging all to be had historical cores held through the Portuguese geological survey. The corporate flew an in depth helicopter-supported VTEM geophysical survey over 75 % of the Alvalade License, soil sampled the realm between the Caveira Mine and the Lousal Mine and over the northern and central sectors at Sesmarias, after which analyzed the samples using a sophisticated ionic leach generation to strengthen ultra-low detection ranges. The JV workforce element re-mapped the Monte da Bela Vista and Caveira spaces and compiled and digitized all historical information from the 2 outdated mines, Lousal and Caveira. The up to date style has driven the drilling at Sesmarias, because the drilling has stepped forward the invention style for the deposit.
Because the inception of the JV, the corporate has drilled 17 core holes at Sesmarias and one south of the outdated Caveira Mine, totaling roughly 9,515 meters. The prior to now reported lenses at the moment are known to be intercepts of huge sulfide mineralization on separate limbs of a district-size fold machine. Contemporary JV drilling at Sesmarias targeted at the prior to now named â8â Lens and has proven a strike period of over 400 meters of constant sulfide mineralization.
Location of Sesmarias huge sulfide mineralization
Avrupa Minerals and Minas de Aguas Teñidas have resumed drilling at the Alvalade three way partnership assignment. The brand new section of drilling first of all goals anomalies situated between the historical Lousal and Caveira Mines, over a strike period of roughly 11 kilometers. The primary drill hollow goals doable mineralization situated 300 to 400 meters northwest of the remaining reported mineralization within the Lousal Mine. The corporate expects to hide 10 to twelve drill holes totaling greater than 6,000 meters within the present re-drilling program.
Slivova Gold-Silver Undertaking
The Slivovo assignment in Kosovoâs Vardar Mineral Pattern is now wholly owned through Avrupa. In the past, the assignment used to be prior to now operated and funded through spouse Byrnecut Global Ltd. of Australia. Byrnecut accomplished an 85 % earn-in requirement through spending with regards to â¬7 million for exploration at the 15.2-km2 Slivovo license, outlining a maiden gold useful resource estimate of 98,700 oz. of gold and 302,000 oz. of silver indicated in 640,000 metric tonnes grading 4.8 grams consistent with ton gold, from the skin. See the next AVU information releases for additional details about the NI 43-101 indicated useful resource (NI 43-101 Document) and effects from follow-up drilling that weren’t incorporated within the useful resource calculation (Additional Slivovo Drilling Effects). Byrnecut is a mining contractor and had accomplished a find out about to earn as much as 85 % of the assignment. Alternatively, Byrnecut determined to vacate the assignment, and Avrupa made an settlement with Byrnecut to pay off them from long term manufacturing, if any, to get one hundred pc of the assignment again.
The assignment has been dormant since 2018 when Byrnecut left. The unique license expired in 2019, and Avrupa re-applied on the similar time for a bigger house masking Slivovo and the encircling prospectable lands. The brand new license, renamed Slivova, used to be in any case issued in June 2022.
In September 2022, Avrupa entered into an possibility settlement with Western Tethyan Assets (WTR) for the latter to earn-in as much as 85 % of the Slivova Gold Undertaking through investment and appearing sure paintings systems to doubtlessly advance the Slivova Undertaking to a mining answer. The settlement is matter to WTR finishing its due diligence overview of the assignment on or earlier than March 1, 2023.
Undertaking Historical past
In 2011, wide-scale geological mapping of the Peshter gossan zone at the Slivovo belongings ended in the invention of the potential of the gold-bearing, huge sulfide mineralization commonplace within the Vardar Mineral Pattern.
In 2014 below the JV with Byrnecut, Avrupa Minerals stepped up the exploration task at Slivovo with an competitive exploration program that has incorporated trenching, first-pass and follow-up geological mapping, sampling and drill concentrated on. Section One drilling totaled 1,002 meters and used to be accomplished in This autumn 2014.
Highlights of this primary drill marketing campaign come with:
- 126.5 meters @ 6.2 g/t gold, 15.0 g/t silver, 0.092 % copper, 0.16 % lead, and nil.45 % zinc in SLV004
- 12 meters @ 12.2 g/t gold, together with 7.4 meters @ 19.3 g/t gold in SLV005
- 8 meters @ 1.25 g/t gold and three.4 meters @ 3.12 g/t gold in SLV006
Section Two drilling totaled 1,025 meters and used to be accomplished in Q2 2015 and incorporated 30 meters @ 6.92 g/t gold and 16.20 g/t silver in SLV011.
Section 3 drilling totaled 46 holes and 5,040 meters. Effects launched through Avrupa Minerals come with:
- 57.35 meters @ 2.09 g/t gold and 15.94 g/t arsenic in SLV014
- 125 meters of 6.91 g/t gold and 19.19 g/t silver in SLV018
- SLV025 intercepts 24 meters of eleven.59 g/t gold, 9.26 g/t silver
- 42 meters @ 9.20 g/t gold and 9.57 g/t silver in SLV033
- 74 meters @ 6.02 g/t gold and 20.23 g/t silver in SLV037
Byrnecut accomplished a big program in 2017 to persist with up on a bit of mineralization that hit a brand new extension of gold in 3 deeper holes that had identical grades to the typical of the useful resource estimate at 4.8 g/t gold. This information isn’t at the moment within the useful resource estimate.
With issuance of the brand new 7-year exploration license, the Slivovo Undertaking enters a brand new section, with a bit of luck culminating in a mining choice. The federal government of Kosovo has asked that the assignment be referred to as âSlivova,â with admire to the principle native language.
Finland Copper/Zinc and Gold Tasks
In past due 2021, Avrupa made an settlement with the only proprietor of Akkerman Finland Oy AFOy) to obtain 4 initiatives in Finland. Highlights of the property come with:
- 3 base steel belongings reservations duvet approx. 600 km2 within the VihantiâPyhäsalmi VMS Belt, central Finland
- 65 km south of Pyhäsalmi base steel mine and flotation plant
- Two houses include small historical copper/zinc useful resource estimates (see underneath)
- One under-explored gold belongings reservation situated within the Oijärvi Greenstone Belt in north-central Finland incorporated in belongings bundle
- Binding Letter Settlement signed with personal Finnish corporate
- Avrupa to pay 3 million commonplace stocks, â¬165,000, and fund earn-in exploration expenditures of â¬400,000 over two years to earn one hundred pc
In 2022, Avrupa Minerals submitted a 3rd exploration license utility within the Pyhäsalmi Mining District in central Finland. The Hallaperä exploration license utility is situated close to the city of Kiuruvesi, about 20 kilometers east of the Pyhäsalmi Mine and processing plant. The applying house covers recognized copper and zinc sulfide mineralization found out through Outokumpu Oy in 1967 and in part defined through drilling of 42 holes all the way through the length 1967 to 1990. The recognized mineralization extends for greater than 1,000 meters, and is open at intensity underneath 150 meters.
The Kolima Assets
The 187-km2 Kolima Reservation covers a goal zone consisting of a thick layer of mineralized distal-type volcanics containing skinny beds and layers of zinc-rich huge sulfide mineralization in some spaces. The Geological Survey of Finland (GTK) found out and explored the realm within the length from 1956 to 1983. The GTK discovered zinc mineralization in a space two kilometers lengthy and 200 to 400 meters large inside of strongly altered metasediments and fine-grained volcanic rocks. GTK drilled 70 holes and detected fashionable polymetallic sulfide mineralization happening as tremendous disseminations and skinny layers of semi-massive sulfides. In most cases, it kind of feels that the currently-known mineralization represents distal-style metalsâ deposition inside of a bigger VMS machine that has no longer but been found out. A large number of mineralized boulders containing anomalous gold and copper are provide across the website.
AFOy accomplished a helicopter-supported SkyTEM geophysical survey over the mineralized house of the reservation. Initial research of the knowledge through AFOy didn’t recommend any obtrusive concentrated on. Alternatively, recently-completed detailed overview of the knowledge through AFOy and AVU defined delicate anomalism over southern extension of the recognized volcanics-hosted mineral development and likewise defined a deeper (175 meters), robust geophysical goal in a development of the volcanic rocks parallel to those who host the recognized zinc mineralization. There is not any reported earlier exploration alongside this 2d development, situated a couple of kilometers west of the recognized zinc showings.
AFOy submitted a mineral exploration license utility in January 2022 for the Kolima Exploration License. Given same old timing of achievement of all laws through the Finnish mining authority, Tukes, we predict issuance of the brand new exploration license to return 12-14 months after submission of the applying. Within the period in-between, there are a variety of non-invasive actions to finish that may very much help in drill concentrated on, in anticipation of receiving the license in early 2023. The next determine presentations the realm of license utility masking two SkyTEM anomalies, but additionally retaining out of probably the most environmentally and socially delicate spaces.
Ancient geophysical map with geology, drill hollow places, major SkyTEM conductors, location of the Kärnä Anticline (in blue), and general permissive goal house (yellow bands). Base map from GTK paintings from late-1950âs via mid-1980âs. The paintings accomplished, to this point, together with re-logging of consultant core, fashionable core sampling, and more than a few ranges of geophysics, strongly means that the recognized mineralization at the Kolima belongings is if truth be told distal mineralization in a big VMS machine. Drilling goals lie alongside the 5-kilometer strike period of the Kärnä Anticline, highlighted in blue, and purpose to find the whereabouts of the proximal and central parts of the VMS machine, and probably in depth zinc- and copper-bearing huge sulfides.
In 2022, the corporate reduced in size with the Finland Geological Survey (GTK) to re-log and pattern 4 consultant, historical drill holes from the Kolima exploration initiatives performed from the mid-1950’s to the early-1980’s through GTK. GTK accomplished re-logging of the 4 drillholes, totaling 743.55 meters and located alongside a 2-kilometer strike period.
The Kangasjärvi Assets
The 203-km2 reservation covers the Kangasjärvi deposit, a satellite tv for pc deposit of the Pyhäsalmi mine, situated about 25 kilometers to the north of the website. The large sulfide used to be uncovered on the floor, and Outokumpu mined 1 to 9 % zinc subject material from the Kangasjärvi open pit in 1984 to 1985 right down to lower than 100 meters from the skin. Exploration drilling through Outokumpu intersected huge sulfides right down to 250 meters intensity underneath the pit however didn’t strive deeper drilling, leaving the deposit open at intensity, in addition to alongside strike.
In 1983, GTK estimated a small historical, non-NI 43-101 compliant useful resource in two separate lenses: 1) 393,000 tonnes of five.3 % zinc, and a pair of) 159,960 tonnes of 6.0 % zinc. Later Outokumpu reported an estimated mineral useful resource of roughly 300,000 tonnes of five.4 % zinc. Information in 1987 point out that Outokumpu mined about 86,000 tonnes of five.12 % zinc. There could also be reported anomalous copper, silver, and gold within the deposits.
Be aware once more that each useful resource estimates are historical in nature, pre-dating NI 43-101, and the corporate isn’t treating them as present assets. A professional individual, as such time period is outlined in NI 43-101, has no longer accomplished enough paintings to substantiate the estimates as present mineral assets below NI 43-101, and subsequently they can’t be thought to be dependable and are offered right here simply to turn the potential for the initiatives. Additional efforts to substantiate the presence of doable mineral assets are deliberate for the preliminary exploration length and can begin as soon as the definitive settlement is finished.
Along with the Kangasjärvi deposit, there are a minimum of 3 different mineral occurrences throughout the reservation house. Little paintings of any kind has been accomplished anyplace at the reservation for a minimum of twenty years, even if there are historical drill holes all the way through the district.
Determine 5. Location of recognized mineral goals and deposits throughout the Kangasjärvi reservation house.
AFOy additionally accomplished helicopter-supported SkyTEM geophysical paintings over recognized vital spaces throughout the Pielavesi and Kangasjärvi reservations. AFOy and AVU proceed to check the consequences from those surveys. Additional knowledge shall be disseminated as we download a greater working out of the preliminary concentrated on information.
AFOy bought an in depth drillhole database masking the Kangasjärvi and satellite tv for pc deposits, and is now within the technique of correctly compiling and reviewing the knowledge. The corporate currently accomplished a drone-based magnetics survey within the deposit house, however effects have no longer but been fully-reviewed. Avrupa completed and submitted an utility for a brand new exploration allow to hide Kangasjärvi zinc mine, doable extensions, and new goals alongside strike of the favorable mineral-hosting horizon. The applying spans roughly 18.4 sq. kilometers of favorable terrane for copper- and zinc-bearing volcanogenic huge sulfide deposits
The Yli-li Gold Assets
The 332 km2 Yli-li gold reservation covers 30 kilometers strike period of the southern extension of the Oijärvi greenstone belt and main shear zone. Recently, Gold Line Assets Ltd. operates the Oijärvi gold assignment the place they plan to drill over 4,000 meters in a step-out drilling program to make bigger the recognized zones of gold mineralization and delineate new goals within the neighborhood of the mineralization. In 2013, Agnico Eagle reported an inferred mineral useful resource estimate at Kylmäkangas of one.9 MT at 4 g/t Au and 31 g/t Ag, containing roughly 250,000 oz. of gold and 1.9 million oz. of silver.
Be aware once more that this useful resource estimate is historical in nature and used to be reported through a 3rd birthday party. The Corporate isn’t treating the estimate as a present useful resource. A professional individual, as such time period is outlined in NI 43-101 and associated with Avrupa Minerals Ltd., has no longer accomplished enough paintings to substantiate the estimates as present mineral assets below NI 43-101, and subsequently they can’t be thought to be dependable from the corporate point of view. The corporate can not ascertain the estimates below any cases and simply makes use of the tips to indicate doable exploration chances at the Yli-li belongings.
Determine 6. Location of Yli-li reservation. Be aware proximity to Kylmäkangas gold deposit.
GTK first explored the southern extension of the Oijärvi shear zone, lined through the reservation, from 2001 to 2014. Preliminary research became up gold-in-till anomalies over intensely sheared and changed rocks. Restricted drilling led to one intercept of three g/t gold over two meters on the Kupsusselkä prospect. Given those promising early-stage effects, there’s obviously a necessity for a wider-scale systematic exploration program to resolve the most efficient goals throughout the house.
The Pielavesi Reservation
Ancient exploration throughout the Pielavesi Reservation house through the Geological Survey of Finland (GTK) and Outokumpu presentations that the Paloniemi-Säviä-Leväniemi Belt provides promising exploration doable. The Pielavesi reservation covers roughly 213 km2 and has fashionable hydrothermal alteration of felsic volcanics which may also be traced over 10 kilometers.
Earlier operators recognized the presence of a minimum of 4 person facilities of mineralization, together with one with transparent proof of a stockwork feeder zone accompanied through huge sulfide deposition containing copper, zinc, and gold. Regardless of a few years of earlier exploration and a lot of holes drilled, recognized facilities of mineralization have no longer been drilled off and stay open at intensity and alongside strike in each instructions. No systematic exploration of the realm has been accomplished in over 30 years.
Determine 3. Geology and recognized mineralization in Pielavesi Reservation
Earlier operators accomplished two historical, non-NI 43-101 compliant, useful resource estimates on the Säviä prospect throughout the limits of the Pielavesi Assets. The preliminary overview, reported in 1968, and according to 62 drill holes at 50-meter spacings, estimated a copper-rich deposit of four million tonnes grading 1.1 % copper and a zinc-rich deposit of one million tonnes grading 2 % zinc. And, in truth, plenty of within sight mineralized holes weren’t incorporated within the useful resource estimate, one among which assayed 0.98 % copper over 70.5 meters.
In 1986, Outokumpu estimated a useful resource at Säviä of one.8 tonnes grading 1.52 % copper.
Be aware that each useful resource estimates are historical in nature, pre-dating NI 43-101, and the corporate isn’t treating them as present assets. A professional individual, as such time period is outlined in NI 43-101, has no longer accomplished enough paintings to substantiate the estimates as present mineral assets below NI 43-101, and subsequently they can’t be thought to be dependable and are offered right here simply to turn the potential for the initiatives. Additional efforts to substantiate the presence of doable mineral assets are deliberate for the preliminary exploration length and can begin as soon as the Definitive Settlement is finished.
Control Workforce
Paul Kuhn – CEO and Director
Paul Kuhn joined Avrupa Minerals in July 2010 after operating with Metallica Mining in Oslo, Norway in August 2008. He has greater than 40 years of enjoy within the minerals exploration industry in North The usa, Central Asia and Europe. He earned an AB stage from Dartmouth Faculty, US, in 1978, and an M.S. stage from the College of Montana, US, in 1983. Kuhn has labored in quite a few geological terrains, exploring for gold, silver, base metals, uranium, and phosphate deposits, and has frolicked as a manufacturing geologist within the deep underground mines of the Coeur d’Alene Mining District, traditionally one of the crucial globalâs maximum necessary silver districts. Kuhn has controlled a hit exploration systems in america, Turkey, and Western Europe. He used to be occupied with plenty of base and valuable steel discoveries in Turkey, together with the Taç and Ãorak polymetallic deposits, the Cerattepe Cu-Au volcanogenic huge sulfide deposit, the Altıntepe epithermal Au deposit (being mined through Bahar Madencilik), the Diyadın/Mollakarra Carlin-style Au deposit (operated through Koza Altın), and the Karakartal porphyry Cu-Au deposit (being evolved through SSR Mining). Kuhn used to be additionally concerned with the unique mapping, description, and drill concentrated on of the Ãöpler porphyry Au deposit (at this time being mined through SSR Mining).
Mark T. Brown – Director
Mark Brown is the president of Pacific Alternative Capital Ltd., headquartered in Vancouver BC. Pacific Alternative is a monetary consulting and service provider banking company lively in challenge capital markets in North The usa. Brown has assisted within the a hit established order of a number of personal and public corporations. Within the mining and mineral exploration sector, Brown has performed key roles within the luck of Uncommon Component Assets Ltd., Pitchstone Exploration Ltd., Animas Assets Ltd., and different exploration corporations. His company actions come with merger and acquisition transactions, financing, strategic company making plans, and company building. Previous to becoming a member of Pacific Alternative, Brown controlled the monetary departments of 2 TSE 300 corporations, Miramar Mining Corp. and Eldorado Gold Ltd. Brown has a Bachelor of Trade from the College of British Columbia and certified as a Chartered Skilled Accountant in 1993, whilst operating with PricewaterhouseCoopers in Vancouver.
Paul Dircksen – Director
Paul Dircksen has greater than 35 years of enjoy within the mining and exploration business, serving in govt, managerial, and technical roles at a number of corporations. He has a powerful technical background, serving as a workforce member on ten gold discoveries, seven of which later was working mines. Dircksen has held senior control positions with plenty of useful resource teams together with Orvana Minerals, Lacana Gold, The Cordex Team, Brett Assets, and the Bravo Mission Team. He holds an MS in geology from the Mackay Faculty of Mines on the College of Nevada.
Dircksen is at the moment the president and CEO of Timberline Assets Company which is indexed at the NYSE Marketplace Alternate below the emblem âTLRâ and at the TSX Mission Alternate below the emblem âTBRâ. Timberline holds a 50-percent carried pastime possession stake within the Butte Highlands Joint Mission in Montana, USA. Timberline Assets specializes in exploration and building of valuable steel deposits within the western United States.
Frank H̦gel РDirector
Frank Högel at the moment serves because the CEO of Peter Beck Efficiency Price range GbR and sits at the advisory board of Thought Capital Control. Thought Capital is an asset control corporate fascinated about comparing and making an investment in Canadian useful resource corporations via fairness investments, convertible bonds and gold, silver and copper off-take agreements. Mr. Högel has an MBA with a focal point on monetary control, banking, and world industry and control from the College of Nürtingen, Germany. He additionally sits at the board of a number of different public corporations indexed at the TSX Mission Alternate.
Paul Nelles – Director
Paul Nelles graduated from TU Berlin in 1972 with some extent in mining engineering and received a PhD in mineral processing in 1975. He labored the world over in base steel mining for Metallgesellschaft between 1975 and 1991, at which level he held the placement of normal supervisor assignment building. In 1991 he used to be hired as technical director and appointed to the chief board of DESTAG, a number one measurement stone manufacturer and international dealer. He used to be therefore appointed CEO of the corporate. Dr. Nelles joined Normandy LaSource in France, as govt director for gold manufacturing and business minerals in 1997. In 2002 he used to be appointed because the âTrepca Supervisorâ through the United International locations Venture in Kosovo and used to be promoted to deputy managing director of the Kosovo Accept as true with Company in 2004, answerable for all main publicly owned enterprises. Since 2006 he has labored as an impartial mining business marketing consultant and has been instrumental within the formation of Innomatik Exploration Kosovo LLC, a wholly-owned subsidiary of Avrupa Minerals.
Winnie Wong – CFO
Winnie Wong gained a bachelor of trade stage (honours) from Queenâs College in 1996 and is a chartered skilled accountant. She is at the moment vice-resident of Pacific Alternative Capital Ltd. Previous to becoming a member of Pacific Alternative Capital Ltd., Wong used to be the controller of Pivotal Company, an organization offering tool, products and services, and strengthen to quite a few companies. Between 1996 and 1999, Wong labored with Deloitte & Touche, Chartered Accountants.