Evrim Resources Reports Drill Results from the Suaqui Verde Property
24 Gennaio 2012 - 1:00PM
Marketwired Canada
Evrim Resources Corp. (TSX VENTURE:EVM) ("Evrim" or the "Company") is pleased to
report initial results from the on-going drill program at the Suaqui Verde
copper-molybdenum porphyry project in Sonora, Mexico. Evrim and funding partner
Inmet Mining Corporation have received assay results for six drill holes
totaling 2,625 metres of an expanded 6,200 metre drill program. The program is
designed to test a combination of geophysical targets and exposed surface
targets within the Adriana system and the surrounding basin.
Drill Highlights
-- Drill holes DHSV11003 and DHSV11004, collared within the Adriana system
and located 1,000 metres apart, returned long intersections from surface
of copper mineralization hosted within biotite-albite-K-feldspar altered
(potassic alteration) granodiorite intrusive rocks.
-- Drill hole DHSV11003 returned 402.2 metres of 0.13% copper, 0.04 g/t
gold, 1.1 g/t silver and 0.005% molybdenum including 116.2 metres of
0.19% copper, 0.07 g/t gold, 1.3 g/t silver and 0.006% molybdenum.
-- Drill hole DHSV11004 returned 354.6 metres of 0.14% copper, 0.04 g/t
gold, 1.1 g/t silver and 0.002% molybdenum including 58 metres of 0.22%
copper, 0.06 g/t gold, 1.8 g/t silver and 0.002% molybdenum.
-- An east-northeast corridor of anomalous copper mineralization measuring
1,700 metres by 500 metres has now been outlined by drilling.
The Adriana system at Suaqui Verde exhibits an exposed two kilometre by four
kilometre propylitic-phyllic-potassic alteration foot print indicative of a
copper-molybdenum porphyry system before it is covered by post mineralization
basin fill. Current drilling at Adriana has focused on testing deeper parts of
the system in a series of wide step outs ranging from 500 metres to 1,300
metres. Drilling within the basin has focused on finding new porphyry centres or
extensions to the Adriana system.
Other drill holes completed to date include DHSV11001, DSHV11002, DHSV11005 and
DHSV11006. DHSV11001, located 1.6 kilometres north of DHSV11003, intersected
sporadic weakly anomalous copper mineralization in predominantly moderately
quartz-sericite-pyrite altered (phyllic alteration) andesite volcanic rocks with
minor monzonite intrusive rocks and quartz-tourmaline breccia. Hole DHSV11002,
located 730 metres northeast of DHSV11003, intersected weakly anomalous copper
and molybednum mineralization in moderately chlorite (propylitic alteration)
overprinting weak biotite-albite altered (potassic alteration) granodiorite
intrusive rock. Holes DHSV11005 and DHSV11006, located approximately 4.5
kilometres east of the Adriana system, did not return any significant results.
The drill program has been increased to approximately 6,200 metres as a result
of cost efficiencies with drill contractors and Inmet's commitment to testing
deeper targets at Suaqui Verde. Drilling is expected to continue into March and
will test additional targets within the Adriana system and the basin area. Drill
hole intercepts for DHSV11003 and DHSV11004 are provided in the table below:
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Hole ID From (m) To (m) Interval (m) Cu (%) Au (g/t) Ag (g/t) Mo (%)
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DHSV11003 5.4 407.6 402.2 0.13 0.04 1.1 0.005
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Including 227.4 343.6 116.2 0.19 0.07 1.3 0.006
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DHSV11004 7.4 362.0 354.6 0.14 0.04 1.1 0.002
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Including 235.0 293.0 58.0 0.22 0.06 1.8 0.002
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A complete table of assays and collar locations along with strip logs and select
sections and plan maps is provided on Evrim's website at the following link:
http://www.evrimresources.com/s/SuaquiVerde.asp
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 Rory Kutluoglu, P.Geo. and Vice President of
Business Development for the Company. Mr. Kutluoglu serves as a Qualified Person
under the definition of National Instrument 43-101. Quality assurance and
quality control procedures include the systematic insertion of blanks and
standards into the drill core sample string. Samples are placed in sealed bags
and shipped directly to the ALS Minerals in Hermosillo, Mexico prior to gold
fire assay and ICP-AES analysis.
For further information on Evrim please visit www.evrimresources.com.
On Behalf of the Board
EVRIM RESOURCES CORP.
Paddy Nicol, President & CEO
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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