Mark Brown Of Avrupa Minerals Likes Where The Gold Price Is At
At Canvest, Mark Brown of Avrupa Minerals spoke with the Investing News Network about what his company has been doing at its various projects and what it's like to operate in Europe. He also gave his thoughts on the gold price.
At the recent Canadian Investor Conference, held in Vancouver on May 31 and June 1, the Investing News Network (INN) caught up with Mark Brown, director at Avrupa Minerals (TSXV: AVU), to chat about what the company has been doing at its various projects and to find out what it's like to operate in Europe. Most recently, Avrupa released further drill results from its Slivovo project in Kosovo, with one hole intercepting 30 meters of 6.92 g/t gold and 16.2 g/t silver. Prior to those results, the company reported 126 meters of 6 g/t gold, which Brown said was "basically hitting it out of the park." "We had been trying to follow up and drill around that, and last month we announced another 30 meters of just over 6 g/t gold. So the challenge now is to make it a little bit bigger, and we've got a pretty big drill program going on there right now," he explained. "The current drilling is to expand this deposit and really understand it. We haven't done a lot of base work there, so we are going to drill another 3,000 meters to try and expand it, and we are stepping out from those holes where we've already hit. We expect it to be complete at the end of August, so we will be drilling there all summer." The company's joint venture partner, Byrnecut International, just earned a 51-percent stake in Silvovo, and will continue funding the next phase to earn a 75-percent interest. Brown said that what is great about Byrnecut is that it's a mining contractor with workers who know their stuff. "They are actually a mining contractor. They build mines, they do planning for them and they put them into production, so they are already asking the kinds of questions like, 'how would the pit be built? Where would we put the mill? Where would we put tailings?' And we are still drilling, we only discovered this thing six months ago, so we've got a lot of work to do ... as far as partners go, they are fantastic," he said.