Evrim expands outcropping gold mineralization at Cuale high sulphidation 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.
Evrim expands outcropping gold mineralization at Cuale high sulphidation project
Vancouver B.C. – September 12, 2018: Evrim Resources Corp. (TSX.V:EVM) (“Evrim” or the “Company”) is pleased to
announce new trench and soil results from the Phase 3 exploration program at its 100%-owned Cuale high
sulphidation epithermal gold project in Jalisco, Mexico. The new trench results expand the La Gloria zone to the
northwest and the east with consistent gold mineralization. Soil sampling indicates the La Gloria system footprint is
measurably larger with the potential to host a significant deposit and/or additional mineralized centres within the La
Gloria prospect.
Phase 3 Exploration Highlights
• Trench 2 has been extended to 184.1 metres (from a previously reported 29.4 metres) and grades 0.85 grams
per tonne (“g/t”) gold
o Includes 59.1 metres grading 1.79 g/t gold from 125 metres along the trench
o Including 21.6 metres grading 4.18 g/t gold from 162.5 metres along the trench
• Trench 4 has been extended to 156.2 metres (from a previously reported 106.2 metres) and grades 9.57 g/t
gold
o Includes 64.6 metres grading 20.85 g/t gold from 85.6 metres along the trench
o Including 7.5 metres grading 163.31 g/t gold from 100.6 metres along the trench
• Trench 5 contains 174 metres grading 0.62 g/t gold
o Includes 70.0 metres grading 1.16 g/t gold from 96 metres along the trench
o Including 40.0 metres grading 1.45 g/t gold from 114 metres along the trench
“The additional trenching at La Gloria significantly extends surface mineralization to the northwest by 120 metres
and to the east,” commented Charles Funk, Evrim’s Vice President of New Opportunities and Exploration. “The soil
survey has a distinctive high sulphidation signature centred on a large gold in soil anomaly that is approximately
2,300 metres by 800 metres. The results indicate a potential major system with significant upside for additional
mineralized centres within the La Gloria prospect.”
About the Phase 3 Exploration Program
Evrim excavated 760 metres over four new trenches (Trenches 5, 6, 7 and 8) and two extended trenches (Trenches
2 and 4). The results from trenches 6, 7 and 8 remain pending. Mineralization is hosted within a breccia unit that
broadly varies from a matrix dominant in the west to a crackle breccia in the east. Clasts in the west are generally
rounded and include lithic tuff, advanced argillic altered lithic tuff and rare pervasively silicified fragments in a
hematite matrix. Towards the east the fragments become more angular and are dominantly pervasively altered to
saccharoidal silica with little to no hematite matrix.
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accepts responsibility for the adequacy or accuracy of this release.
Figure 1 – Map of trenching at La Gloria prospect
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.
Trench From To Width Au (g/t)
Cut Au
(g/t)
[Cut at
30.0 g/t]
Comment
Trench 1* 0 351.8 351.8 1.28 n/a Whole trench
Including 44.6 307.8 263.2 1.67 n/a
Including 92.3 285.8 193.5 2.09 n/a
Including 113.8 121.8 8 5.77 n/a
And 157.8 277.8 120 2.46 n/a
Including 187.8 199.8 12 4.25 n/a
Including 223.8 235.8 12 3.98 n/a
And 269.8 277.8 8 5.22 n/a
Trench 2 0 184.1 184.1 0.85 0.72 Whole trench
Including 45 63 18 1.34 n/a
And 125 184.1 59.1 1.79 1.39
Including 162.5 184.1 21.6 4.18 3.07
Trench 3* 0 53.7 53.7 0.28 n/a Whole trench
Including 21.7 36.7 15 0.76 n/a
Trench 4 0 156.2 156.2 9.57 2.90 Whole trench
Including 29.4 150.2 120.8 12.30 3.67
Including 38.6 63.6 25 4.12 n/a
And 85.6 150.2 64.6 20.85 4.71
Including 100.6 108.1 7.5 163.31 24.33
Trench 5 0 174 174 0.62 n/a Whole trench
Including 96 166 70 1.16 n/a
Including 114 154 40 1.45 n/a
Table 1 – Significant trench intersections. (*Trenches 1 and 3 have been previously reported on April 9, 2018 and Trenches 2 and 4 are
extended from those reported on April 16, 2018)
A soil grid with 200 metre spacing was completed over the entire La Gloria prospect and revealed distinctive high
sulphidation zonation. The survey defined a gold anomaly with grades greater than 0.01 g/t gold of 2,300 metres by
800 metres with a central corridor of 1,700 metres by 300 metres greater than 0.1 g/t gold extending north of the
trenched area. The soil anomaly at higher elevation correlates with elevated silver, antimony, molybdenum, arsenic
and low contents of manganese and zinc. At lower el evations gold correlates with elevated copper, tellurium,
arsenic, bismuth and iron.
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.
Figure 2 – Soil survey with selected elements plotted. Red polygon represents the 10 parts per billion (ppb) gold anomaly boundary.
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.
About the Cuale Project
The Cuale project is 100%-owned by Evrim and comprised of a 232 square kilometre early stage exploration property
prospective for high sulphidation epithermal gold mineralization. The project is located 185 kilometres west of
Guadalajara and 35 kilometres southeast of Puerto Vallarta in the Cordillera Madre del Sur.
Regionally, t he project is located within the Talpa de Allende area of Jalisco near Agnico Eagle Mines' Barqueño
project (645,000 ounces gold and 38 million ounces silver) and Endeavour Silver's Terronera project (436,000 ounces
gold and 42 million ounces silver). The area is close to infrastructure with roads and powerlines crossing the property.
Locally, the project is situated within a complex accreted arc terrane that developed during the Mesozoic Era and
hosts the majority of volcanogenic massive sulphide (VMS) deposits in Mexico. The accreted arc terrane comprises
an interbedded sequence of rhyolitic volcanics and volcaniclastics that are only weakly deformed and were intruded
by the Cretaceous Puerto Vallarta batholith. The La Gloria intrusives, volcanic units and high sulphidation alteration
are presently interpreted as a younger event correlating with either the Sierra Madre Occidental or Trans Mexican
Volcanic Belt events.
Cuale is subject to a 1.5% net smelter royalty ("NSR") for precious metals and a 1.0% NSR for base metals payable to
Altius Minerals.
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, Technical Services for the Company. Mr. Harris serves as a Qualified Person
under the definition of National Instrument 43-101.
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 covering substantial areas of Mexico and portions of southwestern United States. The Company’s
projects are advanced through option and joint venture agreements with industry 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 Donna Yoshimatsu at 416-722-2456.
Visit our website at www.evrimresources.com.
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.
Forward Looking Information
This news release includes certain statements that may be deemed "forward looking statements". All statements in this news re lease, other
than statements of historical facts, that add ress 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 no t 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 opinion s 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.