Vancouver B.C. – June 15, 2017. Evrim Resources Corp. (TSX.V:EVM) (“Evrim” or the “Company”) is pleased to announce sample results from Harvest Gold Corp.’s (“Harvest”) (TSX.V:HVG) due diligence visit to the Cerro Cascaron gold-silver project (“Project”) in Chihuahua, Mexico. Harvest will have the right to earn up to an 80% interest in the Project by incurring certain exploration expenditures, making cash and share payments and delivering a 43-101 compliant feasibility study.
Harvest’s geological consultant, Mr. David Bent, P. Geo. visited a large area of the Project and took nine rock samples from both the main vein field and the recently discovered La Cascarita target, a silver-rich breccia structure located five kilometres west of the currently defined main gold field. The rock sample results support previous sample values taken by Evrim.
A sample from the Serpiente Dorada vein, part of the main vein field, assayed 826 grams per tonne (“g/t”) gold, supporting Evrim’s high-grade sample of 1,670 g/t gold. Six other samples from the main vein field also assayed significant gold grades of between 0.251 g/t and 38.0 g/t gold.
Sampling at La Cascarita returned highly anomalous polymetallic values, with sample D504728 returning 2.72 g/t gold, 1,170 g/t silver and 1.02% zinc; sample D504727 returned 0.067 g/t gold; 331 g/t silver and 1.63% lead from the lip of a breccia structure that is estimated to be over three metres in width.
Evrim’s President and CEO Paddy Nicol commented, “The results of Harvest Gold’s sampling at Cerro Cascaron supports the work completed by Evrim over the past eighteen months. We look forward to working with Harvest on the Phase I program, designed to identify multiple drill targets for a minimum 3,000 metre diamond drill program in the fall of 2017.”
The fully funded Phase 1 Field Program developed by Harvest Gold and Evrim is scheduled to begin shortly and will require approximately two months with a budget of approximately $225,000. Evrim’s knowledgeable and experienced field crews will operate this program. The program will include the opening of two historic adits, detailed mapping, sampling and prospecting on the main vein field and at La Cascarita, and a well altered and currently unexplored eastern extension of the vein field that lies across a river valley.
Cerro Cascaron rock chip sample results:
|EVRIM||64894||La Cascarita Vein||1.30||0.013||237||17900||6840||1720||3040|
|Harvest||D504727||La Cascarita Vein||1.30||0.067||331||16300||2390||1340||3830|
|EVRIM||64897||La Cascarita Brx||1.20||1.85||982||4310||16400||1395||640|
|Harvest||D504728||La Cascarita Brx||3.00||2.72||1170||2730||10200||689||2430|
*Readers are cautioned that rock chip samples are selected samples and are not necessarily representative of the mineralization hosted on the property.
About the Cerro Cascaron Project
The Cerro Cascaron property hosts a low to intermediate sulphidation epithermal gold bearing system and includes a high-grade gold vein field measuring 18 square kilometers in area on the eastern third of the property. Veining has been mapped over 900 vertical metres, with classic textural evidence of hydrothermal boiling accompanying the highest gold grades. This boiling zone has been established in the upper 380 metres of the vein field. Beneath the boiling zones, silver and base metal rich veins and breccias provide additional exploration targets.
Cerro Cascaron’s setting and mineralization are similar to many epithermal deposits in the Sierra Madre Occidental, including Minera Frisco SAB’s Ocampo Mine to the northwest, Goldcorp Inc.’s past producing El Sauzal gold mine 55 kilometres northwest, and First Majestic’s San Martin de Bolanos silver mine in Jalisco State. The property is one of the few unexplored and undrilled opportunities in the region.
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.
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 has a diverse range of quality projects and a database in Mexico and portions of southwestern United States. The existing projects, and generation of quality exploration targets and ideas, 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 Board
EVRIM RESOURCES CORP.
President & 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 visit 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.