Evrim Resources Reports Vale Relinquishes Option on Arroyo Amarillo Project
06 Juin 2013 - 2:05PM
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.
Paddy Nicol 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
604-248-8648
Evrim Resources (TSXV:EVM)
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