Avrupa also has other joint venture partners on its bigger projects in Northern and Southern Portugal.
"So in Northern Portugal we have Blackhealth Resources (TSXV:BHR) that has earned into our Covas tungsten project, and they've actually just recently put out a resource with really nice, high-grade tungsten there. It's small, but it is part of some other projects they have got there, and [they] have done very well at getting investors and funding that project. Our guys are the operators there and we are busy with that, so we will see what they are going to do as the next stage."
In Southern Portugal, Avrupa is partnered with Antofagasta (LSE:ANTO), and Brown said to date they have hit some very high-grade copper, lead and zinc. At this point, "Antofagasta is at kind of a crossroads ... deciding what they want to do on the next stages. There are a lot of different options there, they could do a lot more drilling, they could sell the project. We are trying to get them to hurry up and decide so we can get going because we are very excited about that project."Given that all Avrupa's projects are located in Europe, INN was curious to hear what it's like to operate there. Brown said that while some jurisdictions are not favorable, the areas Avrupa has chosen to work in all have a long history of mining and want mining to contribute to employment and the economy. Finally, INN asked Brown the golden question: "what's going on with the gold price?" "The gold price, I really like where it's at, I just want to see it stabilize. That's all we need. It's relatively high historically. A lot of people want it to go up to get the retail investors back to this kind of market, but we just need it to be stable and we will make money for our shareholders by making these discoveries and expanding what we have already hit. Avrupa has got a lot of great things going on — we made two major discoveries in the last year, so that's been very exciting and we've got a lot of drilling going on," Brown said.
Securities Disclosure: I, Kristen Moran, hold no direct investment interest in any company mentioned in this article. Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence. Avrupa Minerals and Blackheath Resources are clients of the Investing News Network. This article is not paid-for content. Mark Brown of Avrupa Minerals Likes Where the Gold Price is At from Gold Investing News