|April 27, 2015|
Evrim acquires the Ball Creek Project in British Columbia
|Vancouver B.C. - April 27, 2015: Evrim Resources Corp. (TSX.V:EVM) ("Evrim" or the "Company") is pleased to announce that it has signed an agreement with Paget Minerals Corp. ("Paget") to acquire a 100% interest in the Ball Creek project in northwest British Columbia. Ball Creek is an early stage exploration target covering 52,442 hectares of ground prospective for copper-gold-molybdenum porphyry and epithermal gold-silver deposits.|
Evrim's President and CEO, Paddy Nicol, commented, "The Ball Creek property gives Evrim a strategic presence in the Golden Triangle area of northwest British Columbia. The project is central to the Galore Creek and Schaft Creek deposits to the west and the Red Chris Mine to the northeast. In addition, the project has the added benefit of being located eight kilometres west of provincial Highway 37 and the recently commissioned 287 kilovolt transmission line, making Ball Creek one of the most accessible porphyry systems in the Iskut region."
The Ball Creek project is a significant land package straddling sections of the regionally significant Jurassic Eskay Rift and contains several separate porphyry copper-gold-molybdenum and epithermal gold-silver systems associated with the Jurassic intrusives of the Texas Creek plutonic suite. Prominent gossanous alteration zones occur over an area of 20 square kilometres within the property. The Ball Creek porphyry system contains at least four distinct mineralized zones with extensive potassic, phyllic and propylitic alteration indicating a multi-phase and substantial hydrothermal system. Drilling in the Main zone by previous operators intersected 231 metres grading 0.21% copper and 0.54 g/t gold in drill hole BC07-12 and including 15.24 metres grading 0.42% copper and 1.11 g/t gold. The zones remain open in several directions and at depth, and there is significant potential to expand the area of mineralization to the south at the Cliff, Goat, and ME zones, which have seen very limited exploration to date.
Other prospective mineralized centers distributed across the property have seen only minor exploration. These include the Mess and the North Rainbow porphyry prospects, and the Rainbow, Rojo Grande and HP epithermal systems.
Subject to the approval of Paget's shareholders and the TSX Venture Exchange, Evrim will pay to Paget $150,000 and additional consideration consisting of cash or shares, at Evrim's election, in the event certain exploration milestones are made or joint venture payments are received. The Ball Creek property is also subject to an underlying 2% net smelter royalty (NSR), of which half can be purchased for $1.0 million.
About Evrim Resources
Evrim Resources is a mineral exploration company whose goal is to participate in significant exploration discoveries supported by a sustainable business model. The Company is well financed, has a diverse range of quality projects and a database in Mexico and portions of southwestern United States. The existing projects, and generation of quality exploration targets and ideas, are advanced through option and joint venture agreements with industry partners to create shareholder value. Evrim's business plan also includes royalty creation utilizing the Company's exploration expertise and existing 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, Technical Services 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 Howard Davies, COO at 604-248-8648, or visit www.evrimresources.com.
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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