Vancouver, BC May 30, 2013: Evrim Resources Corp. (TSX.V:EVM) (“Evrim or the “Company) is pleased to report results from the Phase 2 drill program at the Suaqui Verde copper-molybdenum porphyry project in Sonora, Mexico. Evrim and exploration partner First Quantum Minerals Ltd. (“First Quantum) have received assay results for five drill holes totaling 3,221 metres of an expanded 2,300 metre drill program. This follow-up program was designed to expand on mineralized zones encountered in Phase 1 drilling and to test exposed targets within the Adriana system and geophysical targets within the surrounding basin. Drill Highlights “The blind discovery in the basin opens a new area for exploration at Suaqui Verde, commented Paddy Nicol, President and CEO of Evrim Resources. “Drill holes DHSV12016 and DHSV13017 demonstrate our ability to discover new porphyry targets under deep cover. This ability will serve as a foundation for future work. About the Suaqui Verde Project The Adriana system at Suaqui Verde is a copper-molybdenum porphyry system represented by a two kilometre by four kilometre alteration foot print comprising propylitic-phyllic-potassic alteration. The Phase 2 drill program comprised wide step outs ranging from 400 metres to 700 metres where significant mineralization is hosted in granodioritic intrusive rocks and fracture-controlled mineralization in biotite-magnetite altered (potassic alteration) andesitic volcanic rocks, important components of porphyry style mineralization. Additional drilling within the basin focused on finding new porphyry centres or extensions to the Adriana system. This drilling was successful in identifying a new blind discovery four kilometres south of the Adriana system. Two holes drilled in this system collared 1,250 metres apart intersected fracture-controlled porphyry style mineralization in magnetite±biotite±silica hornfelsed andesitic volcanic rocks in drill hole DHSV12016 and wide continuous intervals of quartz-sericite-pyrite stockwork (phyllic alteration) with anomalous copper cutting similarly-altered andesitic volcanic rocks in drill hole DHSV13017. Evrim Resources Corp. and partner First Quantum Minerals Ltd. are reviewing the results of this program to determine appropriate steps to follow-up this program. Drill hole intercepts for DHSV12013, DHSV12014, and DHSV12016 are provided in the table below: from (m) to (m) Interval (m) Cu (%) Au (g/t) Ag (g/t) Mo (%) 662.9 813.7 150.8 0.11 0.03 0.6 0.003 including 662.9 700.85 37.95 0.14 0.02 0.4 0.004 DHSV12014 121.9 219.0 97.1 0.13 0.05 1.4 0.004 including 140.55 154.2 13.65 0.31 0.05 2.3 0.005 DHSV12015 no significant results 820.0 844.0 24.0 0.18 0.01 2.8 0.0001 DHSV13017 no significant resultsHole ID DHSV12013 DHSV12016
A complete table of assays and collar locations along with strip logs and select sections and plan maps is provided on Evrims website at the following link:
http://www.evrimresources.com/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 RESOURCES CORP.
Paddy Nicol
President & CEO
To find out more about Evrim Resources Corp., please contact Paddy Nicol, President or Rob Duncan, Vice President Exploration at 604-248-8648.
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 Companys 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.
