Inmet Options Evrim's Cumobabi and Suaqui Verde Projects in Sonora, Mexico
09 Febbraio 2011 - 2:00PM
Marketwired
Evrim Resources Corp. (TSX VENTURE: EVM) ("Evrim" or the "Company")
is pleased to announce two option agreements with Inmet Mining
Corporation ("Inmet") whereby Inmet may acquire a 60% interest in
Evrim's Cumobabi and Suaqui Verde projects in Sonora, Mexico. Under
the terms of the agreements, Inmet will conduct C$5,000,000 in
exploration and make cash payments totaling C$250,000, over a
five-year period on each of the properties.
The Cumobabi project is a 364 km2 project surrounding the past
producing Cumobabi porphyry molybdenum-copper mine owned by Grupo
Mexico and Minera Frisco, and covers extensive portions of the
Cumobabi breccia district. Work conducted by Evrim's predecessor
uncovered the Potreritos breccia adjacent to a 10 km2 magnetic and
gravity low anomaly with associated anomalous copper geochemistry
in stream sediment samples. The project area has seen little
systematic exploration, except for focused work on the Potreritos
breccia. Drilling highlights from Potreritos include 26 metres
grading 0.55% copper and 4 g/t silver (drill hole POT-DD-001), and
9.15 metres grading 2.65% copper and 21 g/t silver (drill hole
POT-RC-01).
The Suaqui Verde project covers 55 km2 of ground adjacent to the
privately owned Suaqui Verde copper oxide resource. On Suaqui
Verde's eastern margin, an untested 500 x 500 metre greater than
1000ppm copper soil anomaly covers the possible extension to the
mineralized resource area. On the property's western margin,
intensely altered and oxidized stockworks of quartz monzonites and
potassic and phyllic altered andesites occur over 500 metres in an
east-west orientation and correspond with a greater than 1000ppm
copper soil anomaly. Historic drilling a further 200 metres to the
east returned 95 metres grading 0.14% copper, 0.03g/t gold (drill
hole ASDD-02) in strongly potassic altered andesites and monzonites
before intersecting a fault and ending in post-mineral volcanic
rock.
Paddy Nicol, President of Evrim commented, "We are very pleased
to have a global producer such as Inmet for an exploration partner,
which attests to the quality and potential of our projects. We will
continue to leverage our expertise to evaluate and generate new
discovery opportunities for prospective joint venture partners,
thereby enhancing shareholder value."
About Evrim Resources
Evrim is a junior 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 projects developed internally.
Qualified Person Statement
The content of this release has been reviewed by David
Caulfield, P. Geo., and Director of the Company. Mr. Caulfield is a
Qualified Person as defined under the terms of National Instrument
43-101.
For further information on Evrim please visit
www.evrimresources.com.
On Behalf of the Board
EVRIM RESOURCES CORP.
Paddy Nicol, President, CEO, & Director
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.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Evrim Resources Corp. Paddy Nicol President
604-248-8648 Evrim Resources Corp. Rory Kutluoglu VP Business
Development 604-248-8648 www.evrimresources.com
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