Evrim Resources Reports Vale Relinquishes Option on Arroyo Amarillo Project
VANCOUVER, British Columbia, June 6, 2013 (GLOBE NEWSWIRE) -- Evrim Resources
Corp. (TSX-V:EVM) ("Evrim" or the "Company") has been advised by partner Vale
Exploration Canada Inc. ("Vale"), that it is relinquishing its option to earn
up to a 70% interest in the Arroyo Amarillo project in Sonora, Mexico.
Evrim President & CEO Paddy Nicol stated, "We would like to thank Vale and
their exploration team for their efforts on the Arroyo Amarillo project over
the past two years. Their geophysical, geochemical, and mapping work will help
contribute to our knowledge base of Arroyo Amarillo, the un-optioned San
Nicolas project, and the greater Santa Rosa district. Evrim will now compile
data received from Vale and determine the next steps for exploration at Arroyo
Amarillo before seeking a new partner."
About the Arroyo Amarillo Project
The Arroyo Amarillo project covers approximately 200 square kilometres of
underexplored ground located 180 kilometres southeast of Hermosillo. The
project hosts polymetallic veins with significant silver values in widespread
propylitic and phyllic alteration zones within Late Cretaceous andesite. This
mineralization is interpreted to be the preserved top of a porphyry
copper-molybdenum system that has never been tested below the polymetallic
vein occurrences. Adjacent to the polymetallic veins are magnetic targets
located in a graben filled with post mineral rocks that have not been tested
either. Surface grab sampling at Arroyo Amarillo has returned values of up to
2.72 g/t gold, 1405 g/t silver, 1.19% copper, 16.15% lead, and 2.43% zinc.
About Evrim Resources
Evrim is a mineral exploration company with a diverse portfolio of quality
gold and copper projects, and a geological database covering Mexico and
portions of southwestern United States. Evrim's business plan is to generate
exploration targets that it will advance through option and joint venture
agreements with industry partners to create shareholder value. The projects
generated to date form a solid foundation for Evrim's execution of the joint
venture business model, which will be further enhanced by a pipeline of new
internally developed projects.
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, Exploration for the Company. Mr. Harris serves as a Qualified
Person under the definition of National Instrument 43-101.
For further information on Evrim please visit www.evrimresources.com.
On Behalf of the Board
EVRIM RESOURCES CORP.
President & CEO
To find out more about Evrim Resources Corp., please contact Paddy Nicol,
President or Rob Duncan, VP Business Development at 604-248-8648.
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.
CONTACT: Evrim Resources Corp.
Paddy Nicol, President
Rob Duncan, VP Business Development
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