VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/23/13 -- Evrim Resources Corp. (TSX VENTURE: EVM) ("Evrim" or the "Company") is pleased to announce that it has acquired the Llano del Nogal project in Sonora, Mexico. Llano de Nogal is an early stage target covering 104 square kilometres of ground prospective for copper-molybdenum-gold porphyry deposits and epithermal gold and silver deposits. The project was identified through the Company's generative programs and acquired through staking. The property is favorably situated in the prolific Cananea-La Caridad Porphyry Belt, and represents one of the few relatively untested targets in the trend.
The property lies approximately 180 kilometres north east of Hermosillo at the junction of the Cananea-La Caridad Porphyry Belt and an east-northeast structural trend that hosts polymetallic as well as gold-silver vein and breccia systems. The claims overlie an extensive alteration system, which is exposed over approximately 25 square kilometres.
The mineralized structures within the east-northeast trending alteration zone are interpreted to be high-level epithermal gold-silver structures that could be related to a buried porphyry copper+/-molybdenum+/-gold system. Approximately ten kilometres along trend to the east is the Batamote copper-molybdenum occurrence that is hosted within a Laramide granodiorite. The alteration at Llano del Nogal could be related to a porphyry system at depth beneath conglomerate cover. Evrim intends to define drill targets by a combination of mapping, prospecting and an IP geophysical survey.
"The Llano Del Nogal property adds to Evrim's portfolio of compelling geological projects within Sonora," commented Paddy Nicol, President and CEO of Evrim. "The project represents an excellent example of the generative potential of the region, and we are pleased to be able to bring quality opportunities such as Llano del Nogal to our current and potential exploration partners."
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.
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.
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.
Evrim Resources Corp.
Vice President, Business Development
Most Popular Stories
- Obama Administration Releases Proposal to Regulate For-Profit Colleges
- Koch Brothers Step up Anti-Obamacare Campaign
- Elizabeth Vargas' Husband Marc Cohn Addresses Rumors
- Keurig Adds Peet's coffee, Alters Starbucks deal
- U.S. to Relinquish Gov't Control Over Internet
- Quiznos Files for Chapter 11
- Vybz Kartel Convicted of Murder
- FDIC Sues Big Banks Over Rate Manipulation
- SoCalGas Reaches Record Spend on Diversity Suppliers
- U.S. Consumer Sentiment Falls in Early March