Brief: Avrupa Minerals accepts Slivovo study and approves C$8 mln drill program

Avrupa Minerals

06/02/2017 14:01

Feb 6 (Reuters) - Avrupa Minerals Ltd  AVU.V  
    * Avrupa Minerals accepts Slivovo study and approves C$8 mln 
drill program 
    * Avrupa Minerals Ltd - Avrupa now holds 15 pct of PMJSC, 
while byrnecut holds 85 pct, per original jv agreement signed in 
April 2014 
    * Avrupa Minerals - cost estimate for full 3-phase program, 
totaling 30,000 meters, is about C$ 8.3 million, of which co's 
share would be about C$ 1.25 million 
    * Avrupa Minerals Ltd - Avrupa has decided not to 
participate in funding of the program 
    * Avrupa Minerals Ltd - if Avrupa's share in PMJSC goes 
below 10 pct, Avrupa's interest will convert into a 2 pct net 
smelter royalty 
 
Source text for Eikon:  ID:nMKWzplrda  
Further company coverage:  AVU.V  
 
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