VANCOUVER, British Columbia, June 6, 2013 (GLOBE NEWSWIRE) — Evrim Resources Corp. (TSX-V:EVM) (“Evrim” or the “Company”) has been advised by partner Vale Exploration Canada Inc. (“Vale”), that it is relinquishing its option to earn up to a 70% interest in the Arroyo Amarillo project in Sonora, Mexico.
Evrim President & CEO Paddy Nicol stated, “We would like to thank Vale and their exploration team for their efforts on the Arroyo Amarillo project over the past two years. Their geophysical, geochemical, and mapping work will help contribute to our knowledge base of Arroyo Amarillo, the un-optioned San Nicolas project, and the greater Santa Rosa district. Evrim will now compile data received from Vale and determine the next steps for exploration at Arroyo Amarillo before seeking a new partner.”
About the Arroyo Amarillo Project
The Arroyo Amarillo project covers approximately 200 square kilometres of underexplored ground located 180 kilometres southeast of Hermosillo. The project hosts polymetallic veins with significant silver values in widespread propylitic and phyllic alteration zones within Late Cretaceous andesite. This mineralization is interpreted to be the preserved top of a porphyry copper-molybdenum system that has never been tested below the polymetallic vein occurrences. Adjacent to the polymetallic veins are magnetic targets located in a graben filled with post mineral rocks that have not been tested either. Surface grab sampling at Arroyo Amarillo has returned values of up to 2.72 g/t gold, 1405 g/t silver, 1.19% copper, 16.15% lead, and 2.43% zinc.
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 Stewart Harris, P.Geo. Vice President, Exploration for the Company. Mr. Harris serves as a Qualified Person under the definition of National Instrument 43-101.
For further information on Evrim please visit www.evrimresources.com.
On Behalf of the Board
EVRIM RESOURCES CORP.
President & CEO
To find out more about Evrim Resources Corp., please contact Paddy Nicol, President or Rob Duncan, VP Business Development 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 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.
Evrim Resources Corp.
Paddy Nicol, President
Rob Duncan, VP Business Development