Evrim Receives Permit and Mobilizes Drill Crews to Cuale High Sulphidation Gold Project
09 10월 2018 - 8:00PM
Evrim Resources Corp. (TSX.V:EVM) (“Evrim” or the “Company”) is
pleased to announce that the permit to conduct drilling at the
Cuale high sulphidation epithermal gold project in Jalisco, Mexico
has been received and crews are on site to commence the
program. Evrim has planned a minimum 3,000 metre diamond
drilling program comprising between 10 to 15 drill holes.
Stewart Harris, VP of Technical Services
commented, “The first drill holes at Cuale are planned at La Gloria
to test the depth extent of the high grade gold mineralization
encountered in trenches 1 and 4, followed by other high priority
drill targets throughout the trenched area. Drilling is also
planned at four step-out areas to test geophysical targets within
the anomalous gold in soil geochemical and rock chip halo,
including the North Dome which extends up to 1,000 metres north of
the trenched area. This drilling program represents a
significant milestone for Evrim and a unique opportunity for our
shareholders.”
La Gloria and step-out drill
targets
Seven holes are planned within the extent of
surface trenching at La Gloria (Figure 1). The first two
holes (denoted CUA-A and CUA-B in Figures 1 and 2) will be drilled
beneath trench 1, which returned 193.5 metres grading 2.09 grams
per tonne (“g/t”) gold, and trench 4, which returned 156.2 metres
grading 9.57 g/t gold. Gold mineralization at surface is
associated with a brecciated and pervasively saccharoidal quartz
altered tuff unit. This alteration is strongly resistive and
the CSAMT geophysical survey suggests a similarly resistive zone
may extend over 200 metres deep by 300 metres wide beneath the
trenched area.
The first two drill holes are planned with
opposing orientations to test for structural controls and to select
a preferred orientation for additional drilling in the trenched
area.
Four additional step-out holes are planned to
test prospective alteration, moderate to strong gold anomalies and
resistive highs within the Wifi Zone, Hematite-Silica Breccia Zone
(immediately north of the trenched area) and the North Dome.
About the Cuale Property
The Cuale project is 100%-owned by Evrim and
comprised of a 232 square kilometre property prospective for high
sulphidation epithermal gold mineralization. The project is located
185 kilometres west of Guadalajara and 35 kilometres southeast of
Puerto Vallarta in the Cordillera Madre del Sur.
Regionally, the project is located within the
Talpa de Allende area of Jalisco near Agnico Eagle Mines' Barqueño
project (645,000 ounces gold and 38 million ounces silver) and
Endeavour Silver's Terronera project (436,000 ounces gold and 42
million ounces silver). The area is close to infrastructure with
roads and powerlines crossing the property.
Cuale is subject to a 1.5% net smelter royalty
("NSR") for precious metals and a 1.0% NSR for base metals payable
to Altius Minerals.
Photos accompanying this announcement are available
athttp://www.globenewswire.com/NewsRoom/AttachmentNg/aa55e1ba-8795-4665-a03c-816c33c1c23f
http://www.globenewswire.com/NewsRoom/AttachmentNg/67900ad3-14a7-4279-b9d1-ac0f40738210
Qualified Person Statement
Evrim's disclosure of technical or scientific
information in this press release has been reviewed and approved by
Stewart Harris, P.Geo. Vice President, Technical Services for the
Company. Mr. Harris serves as a Qualified Person under the
definition of National Instrument 43-101. Readers are
cautioned that rock chip, grab and channel samples are selected
samples and are not necessarily representative of the
mineralization hosted on the property.
About Evrim Resources
Evrim Resources is a mineral exploration company
whose goal is to participate in significant exploration discoveries
supported by a sustainable business model. The Company is
well financed, has a diverse range of quality projects and a
database covering substantial areas of Mexico and portions of
southwestern United States. The Company’s projects are advanced
through option and joint venture agreements with industry partners
to create shareholder value. Evrim’s business plan also
includes royalty creation utilizing the Company’s exploration
expertise and existing projects.
On Behalf of the BoardEVRIM RESOURCES
CORP.
Paddy NicolPresident & CEO
To find out more about Evrim Resources Corp.,
please contact Paddy Nicol, President, or Charles Funk, VP New
Opportunities and Exploration at 604-248-8648, or Donna Yoshimatsu
at 416-722-2456. Visit our website at
www.evrimresources.com.
Forward Looking Information
This news release includes certain statements
that may be deemed "forward looking statements". All statements in
this news release, other than statements of historical facts, that
address events or developments that Evrim Resources Corp. (the
"Company“) expects to occur, are forward looking statements.
Forward looking statements are statements that are not historical
facts and are generally, but not always, identified by the words
"expects", "plans", "anticipates", "believes", "intends",
"estimates", "projects", "potential" and similar expressions, or
that events or conditions "will", "would", "may", "could" or
"should" occur.
Although the Company believes the expectations
expressed in such forward looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance and actual results may differ materially from
those in the forward looking statements. Factors that could cause
the actual results to differ materially from those in forward
looking statements include market prices, exploitation and
exploration successes, and continued availability of capital and
financing, and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees
of future performance and actual results or developments may differ
materially from those projected in the forward looking statements.
Forward looking statements are based on the beliefs, estimates and
opinions of the Company’s management on the date the statements are
made. Except as required by securities laws, the Company undertakes
no obligation to update these forward looking statements in the
event that management's beliefs, estimates or opinions, or other
factors, should change.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Evrim Resources (TSXV:EVM)
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