Evrim announces an expanded inferred resource of 659,000 gold equivalent ounces and indicated resources of 119,000 gold-equivalent ounces at the Ermitaño Project In Sonora, Mexico
The increased resource at Ermitano adds further value and longevity to Evrims royalty in the event the deposit is placed into commercial production, commented Paddy Nicol, Evrims President and CEO. According to First Majestic, Ermitaño could add several years of mine life to the Santa Elena Mine. Moreover, 16,000 metres of drilling is underway that could expand the deposit at depth and along strike. Environmental permitting is in its final stages.