In January 2012, Evrim signed a three-year Regional Alliance Agreement with Newmont Ventures Limited for generative exploration within study areas in the Trans Mexican Volcanic Belt (TMVB) in Mexico. The Alliance will focus on identifying gold, silver, and gold-copper porphyry & vein targets using Evrim's generative capabilities in Mexico and Newmont's proprietary bulk leach extractable gold ("BLEG”) analysis. Newmont's BLEG method has the advantage of being able to rapidly and reliably assess large tracts of ground, and is ideal for the 15,000 square kilometre study in the TMVB. For full details please see Company news release dated January 16, 2012.
In October 2012, Evrim signed a four-year regional exploration alliance with Callinan Royalties Corporation to focus on generating gold and silver targets within a 40,000 square kilometre area of interest in prospective mineral belts. Callinan will fund up to $1.5 million in exploration over the term of the agreement with a firm commitment of C$500,000 in year one. For full details please see Company news release dated October 25, 2012.
Evrim's Alliances with Newmont and Callinan represent the third and fourth major industry partners for the Company, including First Quantum Minerals Ltd.and Vale Exploration (Canada) Inc.