|Commodity:||Au-Ag epithermal vein|
|Status:||Available for Option|
|Stage:||Geological Mapping and Prospecting for Drilling|
The Sarape Project is a 57 square kilometre 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 Ermitaņo West discovery
- Mercedes (Premier Gold) 1.5 Moz gold and 11.5 Moz silver (40km West)
- Santa Elena (First Majestic) 35Moz silver and 0.5 Moz gold (36km South)
- Ermitaņo West discovery (Evrim/First Majestic JV) 18m @ 11.4g/t Au (41km South)
Sarape is a large land package with a geological and structural setting comparable to that of the significant deposits and mines in the district. Claims are owned 100% by Evrim with no underlying royalties.
Sarape is 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 volcaniclastic rocks of the Sierra Madre Occidental during the Laramide Orogeny that also resulted 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 Stewart Harris, P.Geo., Vice President, Technical Services for the Company. Mr. Harris is a Qualified Person as defined under the terms of National Instrument 43-101.