Avrupa Minerals Ltd. (TSXV:AVU) has signed an earn-in and shareholders agreement that will option out the Slivovo Gold Project in Kosovo to Byrnecut International Limited. Under the agreement Avrupa will be the operator while BIL will have several participation options. Completing all options, including financial contributions to exploration and the completion of a preliminary feasibility study will allow BIL to potentially earn a total interest of up to 85% in the project by April 10 2017.

As quoted in the press release:

Work in the first six months of the Slivovo program will be designed towards drill targeting, with an anticipated 2000-meter drill program slated to commence early in the 4th quarter of 2014. The Company will continue geological mapping, sampling, trenching, and possibly follow-up ground geophysics to assist in defining high quality drill targets.

Avrupa Minerals CEO, Paul W. Kuhn, said:

The signing of the Slivovo JV Agreement is an important milestone for Avrupa. This is the Company’s first JV outside of Portugal and will solidify potential interest in Kosovo, where we hold several other prospective licenses. We are excited to be working with Byrnecut in advancing Slivovo to the next stage, and we look forward to working with the Byrnecut team. The Slivovo Project covers at least two exciting, outcropping gold and base metal targets. We anticipate an immediate start-up of field work to rapidly move the program forward over the summer.

Click here to read the Avrupa Minerals (TSXV:AVU) press release
Click here to see the Avrupa Minerals (TSXV:AVU) profile.