Category: Exploration and Development

La Lola is the latest addition to the Company’s portfolio in the Rio Sonora Valley where Evrim has royalties on the Ermitaño deposit and Cumobabi project, a joint venture with Coeur Mining on the Sarape project, and the wholly owned Llano del Nogal project, commented Evrim’s VP of Exploration and New Opportunities, Charles Funk. Evrim recognizes this region as highly prospective for epithermal gold and silver discoveries, and our local experience and datasets help generate new opportunities for joint venture.

Con un costo de 22.7 millones de dólares y con una capacidad de perforación de al menos 300 metros por mes, pondrá en marcha una nueva máquina de túneles con tecnología de punta en la segunda mitad del 2019.

Gernot Wober, VP Exploration, states, Results from our surface and underground sampling program at Monclova continue to return high-grade mineralization from the well-exposed breccias in and around multiple historical workings at the Real Viejo area. Real Viejo itself sits within a mineralized trend over 1,500m long at the southern edge of the intrusive complex in contact with limestone, where breccias have been mapped several meters wide. Mapping, sampling and geophysics are now complete at this key near-term target where we are finalizing our phase 1 drill planning.

Pierre Beaudoin, COO, noted, These impressive metallurgical test results confirm our gold metal recoveries and improve upon our silver metal recoveries at Las Chispas utilizing composites covering most of the current resource. These new positive results show 94.0% to 96.5% for estimated AgEq recoveries, including 36.7% to 40.2% from gravity concentrate recoveries, suggesting meaningful upside potential on the overall assumptions for the project’s economics.