|Commodity:||Au-Ag epithermal vein|
|Status:||Available for Option|
|Stage:||Geological Mapping and Prospecting for Drilling|
The Sarape Project is a 58 km2 early stage exploration property prospective for epithermal gold-silver deposits situated in Mexico's Rio Sonora valley. The acquisition of Sarape is a key addition to Evrim's portfolio in Mexico that was identified and staked as part of the Company's generative program:
• Located within the Rio Sonora valley near Mercedes mine, Santa Elena mine and Evrim's new Ermitaño West discovery
- Mercedes (Premier Gold) 1.6Moz gold and 17Moz silver (35km South)
- Santa Elena (First Majestic) 35Moz silver and 0.5Moz gold (38km West)
- Ermitaño West discovery (Evrim/First Majestic JV) 18m @ 11.4g/t Au (41km South)
• A large land package with a geological and structural setting comparable to that of the significant deposits and mines in the district
• Claims owned 100% by Evrim with no underlying royalties
• Located near excellent infrastructure with roads and power crossing the property
The Sarape property is located within shallow marine shelf carbonate and siliciclastic rocks. Collision of the east moving Farallon plate resulted in subduction and generation of voluminous volcanic and volcanoclastic rocks of the Sierra Madre Occidental during the Laramide Orogeny culminating in the formation of major porphyry deposits. In the waning phase of the orogeny, extension developed basin and range morphology with continued volcanic rock deposition and development of low to intermediate sulphidation veins. Further extension filled the basin with Miocene to present day conglomerates and volcanics.
The content of this page has been reviewed by David Caulfield, P.Geo, an independent Director of the Company. Mr. Caulfield is a Qualified Person as defined under the terms of National Instrument 43-101.