Evrim Resources Reports Drill Results From the Suaqui Verde Property
30 Mai 2013 - 2:05PM
Evrim Resources Corp. (TSX-V:EVM) ("Evrim" or the "Company") is
pleased to report results from the Phase 2 drill program at the
Suaqui Verde copper-molybdenum porphyry project in Sonora, Mexico.
Evrim and exploration partner First Quantum Minerals Ltd. ("First
Quantum") have received assay results for five drill holes totaling
3,221 metres of an expanded 2,300 metre drill program. This
follow-up program was designed to expand on mineralized zones
encountered in Phase 1 drilling and to test exposed targets within
the Adriana system and geophysical targets within the surrounding
basin.
Drill Highlights
- Drill hole DHSV12013 represents a discovery of an extension to
the Adriana system within the basin and located over 700 metres
east of hole DHSV11004, and returned 150.8 metres of 0.11% copper,
0.03 g/t gold, 0.6 g/t silver and 0.003% molybdenum.
- Drill holes DHSV12016 and DHSV13017 represent a blind discovery
of another system located within the basin four kilometres south of
the Adriana system. Drill hole DHSV12016 returned 24.0 metres
grading 0.18% copper, 0.01 g/t gold, 2.8 g/t silver and 0.0001%
molybdenum.
- Drill hole DHSV12014 returned 97.1 metres grading 0.13% copper,
0.05 g/t gold, 1.4 g/t silver and 0.004% molybdenum including 13.65
metres of 0.31% copper, 0.08 g/t gold, 2.3 g/t silver and 0.005%
molybdenum. This hole was collared 800 metres southeast of
DHSV11003 and 570 metres southwest of DHSV11004.
- An east-northeast corridor of anomalous copper mineralization
measuring 2,200 metres by 500 metres has now been outlined at the
Adriana system.
"The blind discovery in the basin opens a new area for
exploration at Suaqui Verde," commented Paddy Nicol, President and
CEO of Evrim Resources. "Drill holes DHSV12016 and DHSV13017
demonstrate our ability to discover new porphyry targets under deep
cover. This ability will serve as a foundation for future
work."
About the Suaqui Verde Project
The Adriana system at Suaqui Verde is a copper-molybdenum
porphyry system represented by a two kilometre by four kilometre
alteration foot print comprising propylitic-phyllic-potassic
alteration. The Phase 2 drill program comprised wide step outs
ranging from 400 metres to 700 metres where significant
mineralization is hosted in granodioritic intrusive rocks and
fracture-controlled mineralization in biotite-magnetite altered
(potassic alteration) andesitic volcanic rocks, important
components of porphyry style mineralization.
Additional drilling within the basin focused on finding new
porphyry centres or extensions to the Adriana system. This
drilling was successful in identifying a new blind discovery four
kilometres south of the Adriana system. Two holes drilled in
this system collared 1,250 metres apart intersected
fracture-controlled porphyry style mineralization in
magnetite±biotite±silica hornfelsed andesitic volcanic rocks in
drill hole DHSV12016 and wide continuous intervals of
quartz-sericite-pyrite stockwork (phyllic alteration) with
anomalous copper cutting similarly-altered andesitic volcanic rocks
in drill hole DHSV13017.
Evrim Resources Corp. and partner First Quantum Minerals Ltd.
are reviewing the results of this program to determine appropriate
steps to follow-up this program. Drill hole intercepts for
DHSV12013, DHSV12014, and DHSV12016 are provided in the table
below:
|
|
|
|
|
|
|
|
Hole ID |
From (m) |
To (m) |
Interval (m) |
Cu (%) |
Au (g/t) |
Ag (g/t) |
Mo (%) |
|
|
|
|
|
|
|
|
DHSV12013 |
662.9 |
813.7 |
150.8 |
0.11 |
0.03 |
0.6 |
0.003 |
Including |
662.9 |
700.85 |
37.95 |
0.14 |
0.02 |
0.4 |
0.004 |
DHSV12014 |
121.9 |
219.0 |
97.1 |
0.13 |
0.05 |
1.4 |
0.004 |
Including |
140.55 |
154.2 |
13.65 |
0.31 |
0.05 |
2.3 |
0.005 |
DHSV12015 |
No significant
results. |
|
|
|
|
|
DHSV12016 |
820.0 |
844.0 |
24.0 |
0.18 |
0.01 |
2.8 |
0.0001 |
DHSV13017 |
No significant
results. |
|
|
|
|
|
A complete table of assays and collar locations along with strip
logs and select sections and plan maps is provided on Evrim's
website at the following link:
http://www.evrimresources.com/s/SuaquiVerde.asp
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.
Paddy Nicol President & CEO
To find out more about Evrim Resources Corp., please contact
Paddy Nicol, President 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
604-248-8648
Evrim Resources (TSXV:EVM)
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