|June 24, 2013|
Drilling, Geophysical and Geochemical Program Approved at Suaqui Verde
|Vancouver, BC -- June 24, 2013: 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 eastern margin.
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.
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.
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, Vice President, 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.
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