Antofagasta signs Agreement with Evrim for Ball Creek Project
910-850 WEST HASTINGS ST. VANCOUVER, BC, CANADA V6C 1E1
TEL: 604.248.8648 FAX: 604.248.8663 WWW.EVRIMRESOURCES.COM
TSX-V: EVM
CONTACT: PADDY NICOL OR CHARLES FUNK
NEWS RELEASE
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accepts responsibility for the adequacy or accuracy of this release.
Antofagasta signs Agreement with Evrim for Ball Creek Project
Vancouver B.C. – February 7, 2017: Evrim Resources Corp. (TSX.V:EVM) (“Evrim” or the “Company”) is pleased to
announce it has signed an Exclusivity Agreement (the “Agreement”) with a wholly-owned subsidiary of Antofagasta
plc (“Antofagasta”) on the Ball Creek property in British Columbia. Antofagasta will have the exclusive right to
complete due diligence and negotiate a definitive agreement (the “Definitive Agreement”) to acquire up to a 70%
interest in the Ball Creek property by spending up to US$31 million.
“Ball Creek is a large land package in the Golden Triangle that carries significant district scale exploration potential
for gold rich copper porphyry targets”, commented Evrim’s CEO Paddy Nicol, “Our exploration work over the past
two summers coupled with previous data sets demonstrate the potential for multiple discoveries at Ball Creek. We
look forward to completing the definitive agreement with Antofagasta this spring and commencing exploration at
Ball Creek this summer.”
Evrim acknowledges that Ball Creek is situated in the traditional territory of the Tahltan Nation and is committed to
developing a positive and mutually beneficial relationship based on respect and transparency.
Under the terms of the Agreement, Antofagasta will conduct due diligence and may provide funding for planning
activities up to the signing of a Definitive Agreement, which is expected to be completed on or before April 15,
2017. Upon the execution of the Definitive Agreement, Antofagasta will take an option to acquire up to a 70%
interest in Ball Creek by spending US$31 million over a thirteen year period, with a minimum commitment of
US$300,000 in 2017.
Upon the execution of the Definitive Agreement Antofagasta can earn an initial 51% interest (“Initial Interest”) by
spending US$6 million over a six year period. Once Antofagasta has earned its Initial Intere st, it may elect to earn
an additional 19% interest ( “Additional Interest”) by spending either US$25 million or completing a prefeasibility
study (with expenditures capped at US$25 million), over a seven year period. If Antofagasta elects not to earn the
Additional Interest, it will transfer a 1.01% interest to Evrim in exchange for a 0.25% NSR, and Evrim will regain a
controlling interest in Ball Creek. Evrim will be the operator on the Ball Creek property during the Initial Interest
phase.
About the Ball Creek Project
The Ball Creek Project is a large 524 square kilometre copper -gold porphyry and epithermal gold -silver project
located in northwest British Columbia's Golden Triangle, located only eight kilometres west of Highway 37 and the
287 kV Northwest Transmission Line. The project contains four separate porphyry systems distributed across the
property and in close proximity to the Triassic/Jurassic unconformity , a similar setting to major deposits including
Red Chris, KSM, Spectrum/GJ, and Snip.
Within the concession significant potential exists at the Mess Creek, More Creek, Rainbow, and Ball Creek porphyry
systems. The Ball Creek Porphyry has received the majority of exploration, with the other porphyry systems having
seen only limited drilling. Drilling by previous operators has intersected:
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.
Ball Creek Porphyry
• 231 metres grading 0.21% copper and 0.54 g/t gold in drill hole BC07-12, including 45.8 metres grading
0.31% copper and 0.69 g/t gold
• 223 metres grading 0.21% copper and 0.28 g/t gold in drill hole BC06-03, including 45 metres grading
0.35% copper and 0.52 g/t gold
• 139 metres grading 0.23% copper and 0.59 g/t gold in drill hole BC07-06
• 74 metres grading 0.21% copper and 0.51 g/t gold in drill hole BC12-54
Rainbow
• 91 metres grading 0.05% copper and 0.76 g/t gold, including 42.9 metres of 0.06% copper and 0.99 g/t
gold
The 2016 work program recognized new untested targets within the Ball Creek Porphyry and Rainbow systems
defined by open drill intersections, alteration, geochemistry and geophysics.
About Evrim Resources
Evrim Resources is a mineral exploration company whose goal is to participate in significant exploration discoveries
supported by a sustainable business model. The Company is well financed, has a diverse range of quality projects
and a database in Mexico and portions of southwestern United States. The existing projects, and generation of
quality exploration targets and ideas, are advanced through option and joint venture agreements with indus try
partners to create shareholder value. Evrim’s business plan also includes royalty creation utilizing the Company’s
exploration expertise and existing projects.
On Behalf of the Board
EVRIM RESOURCES CORP.
Paddy Nicol
President & CEO
To find out more about Evrim Resources Corp., please contact Paddy Nicol , President or Charles Funk, VP New
Opportunities and Exploration at 604-248-8648, or visit www.evrimresources.com.
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“) ex pects to occur, are
forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but no t always,
identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "proje cts", "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 a ctual 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
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.
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.