Avrupa Minerals Ltd. provided an update on progress at the Alvalade JV in the Portuguese Pyrite Belt. The program is a joint venture between Avrupa Minerals ("AVU" or "Company") and Minas de Aguas Tenidas, S.A. ("Sandfire MATSA" or "MATSA"). Avrupa continues to operate the project through the JV entity PorMining Lda.

Previously, through the JV, at Sesmarias North, the Company drilled 17 diamond drill holes, totaling 8,900 meters, on six different fences along a strike length of 400 meters, as well as one further drill hole in the Caveira District, totaling 614 meters. The Company has now completed four exploration holes, totaling 2,693 meters, in the current phase of drilling, and started a fifth hole. The first two holes tested possible NW strike extension of the Lousal massive sulfide deposit (LNW22-001) and electromagnetic anomalism on a parallel trend to Lousal mineralization (LNW22-002).

The third hole targeted a strong geophysical anomaly in mineral-host black shales, located about 4 kilometers further north of the Lousal NW holes (RAI22-001). The fourth hole tested another geophysical anomaly in the Casas Novas target sector, two kilometers south of the Caveira Mine area (INC22-001). All four holes cut through weakly mineralized, strongly folded and faulted, target black shales.

Geochemical results from sampling of the first three holes suggest proximity to potential massive sulfide systems, particularly in the two Lousal NW drill holes. Results from INC22-001 are pending. Subsequent to completing the two Lousal holes, the Company performed a stationary-loop SQUID TEM electromagnetic survey to further attempt to identify potential massive sulfide mineralization in this sector.

The survey identified an electrical conductor located west of the drilling in favorable geological target area, supported by anomalous base metal results from previous soil sampling work.