Exploration and Drilling Programs Begin at Suaqui Verde and Cardelena Projects
October 03 2012 - 08:00AM
Marketwired
Evrim Resources Corp. (TSX VENTURE:EVM) ("Evrim" or the "Company")
is pleased to announce that crews have mobilized to the Suaqui
Verde and Cardelena copper projects in Sonora, Mexico. Evrim's
exploration partner, Inmet Mining Corporation ("Inmet"), has
approved a $1.32 million program consisting of geological mapping,
geophysical surveys, and a 2,300 metre drill program.
The Phase 2 exploration program will focus on both the eastern
and western extensions of the Adriana system, located in the
northwestern area of Suaqui Verde. The Adriana area exhibits an
exposed two kilometre by four kilometre propylitic-phyllic-potassic
alteration foot print indicative of a copper-molybdenum porphyry
system before being covered by post mineralization basin fill. The
most recent drilling at Adriana has focused on testing deeper parts
of the system in a series of wide step outs ranging from 500 metres
to 1,300 metres. The current 2,300 metre drill program will
comprise similar step outs to identify new porphyry centres or
extensions to the Adriana system. These holes will test a
combination of geological, geochemical and geophysical targets at
Adriana.
The exploration program will also consist of approximately 60
line-kilometres of pole-dipole Induced Polarization geophysics to
identify new drill targets within the basin on strike to the east
of the Adriana system. This geophysical program will also extend
across the basin on strike to the west of Adriana onto the
Cardelena project. The Cardelena project hosts significant gold and
silver values in quartz-tourmaline vein mineralization related to a
quartz-tourmaline breccia pipe. Cardelena hosts the same Laramide
age intrusive rocks and Cretaceous andesitic volcanic rocks as at
Suaqui Verde and Adriana that have yet to be explored
systematically for porphyry copper mineralization. Geologic mapping
and soil geochemical surveying will be carried out at Cardelena in
conjunction with the geophysical program.
"The exploration programs at Suaqui Verde in 2011 and 2012 have
provided the encouragement to continue exploring the extents of the
hydrothermal system at Adriana with this second 2012 program. In
addition, the program offers the potential for a porphyry copper
discovery at the adjacent Cardelena project," commented Paddy
Nicol, President and CEO. "We are pleased to further our
partnership with Inmet, who continues to take a dedicated and
systematic approach to exploring the Suaqui Verde and Cardelena
projects."
About the Suaqui Verde and Cardelena Projects
The Suaqui Verde and Cardelena copper projects cover 94 km2 of
ground located in the southern portion of a highly prospective belt
of porphyry copper deposits ranging from Sonora, Mexico through to
central Arizona. The belt hosts numerous mines, including the
Cananea Copper Mine (7.1 billion tons grading 0.42% copper)(i) in
Sonora and the Morenci Copper Mine (4.7 billion tons grading 0.27%
copper)(i) in central Arizona. This copper trend accounts for the
second largest concentration of porphyry copper deposits in the
world where mining for copper has been continuous for over 100
years. ((i)non-43-101 compliant resources)
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
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.
Contacts: Evrim Resources Corp. Paddy Nicol President
604-248-8648 Evrim Resources Corp. Rob Duncan Vice President,
Business Development 604-248-8648 04-248-8663 (FAX)
www.evrimresources.com