Evrim Resources Corp.: Drilling, Geophysical and Geochemical Program Approved
at Suaqui Verde
VANCOUVER, British Columbia, June 24, 2013 (GLOBE NEWSWIRE) -- Evrim Resources
Corp. (TSX-V:EVM) ("Evrim" or the "Company") is pleased to announce that
exploration partner First Quantum Minerals Ltd. ("First Quantum") has approved
additional geophysics and drilling on the Company's wholly owned Suaqui Verde
project in Sonora, Mexico. The Suaqui Verde project comprises 65 square
kilometres of prospective ground within the Sonora copper-molybdenum porphyry
belt, approximately 130 kilometres southeast of Hermosillo.
"This round of exploration at Suaqui Verde follows-up on the results of the
2012-2013 program," commented Paddy Nicol, President and CEO of Evrim.
"Specifically, exploration will focus on the area of drill holes DHSV12016 and
DHSV13017, where a new zone of porphyry-style alteration and mineralization
was discovered beneath post-mineral cover." (announced May 30, 2013).
The exploration program at Suaqui Verde will comprise a ground magnetics
survey and grid soil geochemistry. The ground magnetics survey will be
conducted on lines spanning the basin area at a line-spacing of 200 metres,
over an area measuring approximately 4.0 kilometres by 3.0 kilometres. The
magnetics and soil geochemistry will be utilized along with the 2012-13
IP/resistivity data and the phyllic alteration and biotite-magnetite hornfels
in holes DHSV12016 and DHSV13017 as vectors to locate one 600-metre diamond
drill hole. The total cost for the program including contingency and taxes is
estimated at US$550,000.
About the Suaqui Verde Project
The Suaqui Verde project covers approximately 65 km² of ground located in the
southern portion of the highly prospective Sonora porphyry belt, host to the
world class Cananea and La Caridad porphyry deposits. The project covers two
copper mineralized systems: the Adriana porphyry centre on its western flank,
and the possible extension to the Suaqui Verde copper oxide resource on its
Suaqui Verde is currently under option to First Quantum Minerals Ltd. First
Quantum can earn a 60% interest in the project by paying $250,000 in cash and
conducting $5 million in exploration over five years (announced February
2011). Evrim is operator on the project.
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.
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.
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
Press spacebar to pause and continue. Press esc to stop.