Evrim announces exploration results at Ball Creek and Axe projects in B.C.
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 announces exploration results at Ball Creek and Axe projects in B.C.
Vancouver B.C. ‐ December 19, 2018 : Evrim Resources Corp. (TSX.V:EVM) (“Evrim” or the “Company”) a nnounces
the 2018 exploration results from its Ball Creek and Axe projec ts in British Columbia, Canada. At the completion of
these programs the Company’s exploration partner, a wholly‐owne d subsidiary of Antofagasta plc (“Antofagasta”),
relinquished their options on both projects. The Ball Creek and Axe projects remain 100%‐owned by Evrim.
“Antofagasta spent approximately $2.1 million exploring both th e Ball Creek and Axe projects which they optioned
from Evrim in May and December of 2017. Evrim would like to th ank Antofagasta for their technical expertise and
financial contributions,” commented Paddy Nicol, President and CEO of Evrim.
“Elsewhere, the Company is engaged in two ongoing drill program s: one at our 100%‐owned Cuale and the other at
Cerro Cascaron, which is optioned to Harvest Gold Corp. We are also preparing for a drill program at our Sarape
project in the first quarter of 2019, which is optioned to Coeu r Mining Inc., and First Majestic Silver Corp. is in the
midst of a 13,000 metre expansion and infill drill program 1 at the Ermitaño West project where Evrim has a royalty
interest on a growing, inferred 550,000 ounce gold equivalent resource2.
2017 and 2018 Ball Creek Program
Exploration at Ball Creek comprised mapping and sampling on sev en separate targets: the Quash zone, North and
South More targets, the Rainbow North target, the ME/Goat targe ts, the Cliff zone and the Ball Creek porphyry, as
well as a remote sensing assessment and a detailed airborne magnetic and radiometric survey.
The Quash zone is located approximately 200 metres from Golden Ridge Resources’ Williams porphyry discovery on
the Hank property, where drill hole HNK‐18‐013 intersected 319 metres grading 0.42 grams per tonne (“g/t”) gold
and 0.34% copper. 3 An I nduced Polarization (IP) survey completed this summer at the Qu ash zone is marked by
distal porphyry alteration and geochemistry, and suggests the W illiams porphyry may cross the property boundary
dipping steeply to the northwest.
The North and South More targets are significant alkalic porphy ry alteration zones where anomalous soil and rock
geochemistry extend over four kilometres by one kilometre although a defined drill target was not identified. North
of the Ball Creek Porphyry a strong stockwork zone with B‐type quartz veins containing pyrite, chalcopyrite, bornite
and molybdenite returned a rock chip sample grading 0.30% coppe r and 0.67 g/t gold. The Cliff zone south of the
Ball Creek porphyry contains quartz, sericite and pyrite alteration superimposed over deeper level alteration.
Rainbow North is a gold target where a 2017 rock sample returned 17 g/t gold and 0.66% copper that was collected
32 metres north of historic drill hole RN11‐01 which intersecte d 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. There is no drilling to the northeast and southwest of this
intersection.
Ball Creek is an attractive gold‐rich copper porphyry project l ocated in the centre of the Golden Triangle
approximately 50 kilometres south of GT Gold’s Saddle North dis covery and 70 kilometres east of Teck and
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.
Newmont’s Galore Creek. The work with Antofagasta focused on copper targets in the eastern portion of the
property with limited work on several untested copper targets o utside of the Antofagasta program area, including
Mess Creek, South More, and Rainbow North. The Company will con s i d e r a r a n g e o f o p t i o n s f o r a d v a n c i n g t h e
property in 2019 including another joint venture partner.
Figure 1 – Ball Creek project with prospects and 2018 target summaries
2018 Axe Program
The 2018 program at Axe included mapping, four diamond drill ho les and 39 reverse circulation (“RC”) drill holes.
The West, South, Adit and the newly‐identified Ohio zones were tested with diamond drill holes and the RC drilling
was used to test a number of magnetic targets over a wide area beneath thin till cover. A total of 2,113.6 metres of
diamond drilling and 695.3 metres of RC drilling was completed testing porphyry centres with untested magnetic
highs where re‐logging of historic drill core identified a strong association of high‐grade copper and gold with
magnetite.
Drilling at the West zone targeted a strong magnetic high benea th historic drill hole A06‐05 that intersected 49.5
metres grading 1.23 g/t gold from 25.5 metres downhole and adjacent short intervals of copper mineralization
including 12 metres grading 0.53% copper and 0.28 g/t gold from 85.5 metres downhole in A07‐06. Drill hole AXD18‐
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.
01 intersected discontinuous mineralization throughout the hole including 28.8 metres of 0.52 g/t gold and 0.13%
copper from 2.6 metres. The West zone comprises a well‐zoned p orphyry system with copper‐gold mineralization
associated with magnetite skarn mineralization on the edges of a porphyry intrusion.
The South zone represents another strong magnetic high beneath historic hole D69‐02 that intersected 91.4 metres
grading 0.31% copper from 100.6 metres downhole including 15.2 metres grading 0.52% copper from 134 metres
downhole. Drill hole AXD18‐02 drilled a porphyritic intrusion with zoned porphyry‐style alteration. The porphyry
contains intense vein development but only weak sulphide content.
Drill hole AXD18‐03 targeted the Ohio zone, a previously untested magnetic high located west of the Adit zone. The
drill hole intersected magnetic potassic alteration with no significant sulphides.
Mapping defined the Adit zone as a higher priority target with a 200 metre wide zone of chalcopyrite mineralization
overprinted by sericite alteration. The target was tested by drill hole AXD18‐04, which intersected a porphyritic
intrusion containing zones of fine‐grained chalcopyrite largely overprinted by sericite alteration. This mineralization
includes 63.0 metres grading 0.20% copper with narrow intervals of high copper grades: 8.0 metres grading 0.63%
copper from 311 metres and 7.0 metres grading 0.70% copper from 432.0 metres. Potential for more continuous
mineralization exists at depth and laterally, although post mineral intrusions limit the potential to the southeast.
Hole ID From
(metres)
To
(metres)
Width
(metres)
Gold
(g/t)
Copper
(%)
AXD18‐01 2.6 31.4 28.8 0.52 0.13
And 76.55 87.0 10.45 0.72 0.30
And 192.9 210.0 17.1 0.71 0.08
And 242.55 263.0 20.45 0.13 0.32
And 278.9 300.0 21.1 0.07 0.18
And 367.0 398.5 31.5 0.34 0.06
AXD18‐02 156.0 192.14 36.14 0.07 0.18
And 278.0 302.47 24.47 0.05 0.21
And 596.32 633.0 36.68 0.08 0.29
AXD18‐03 No Significant Intersections
AXD18‐04 196.0 224.0 28.0 0.14 0.23
And 248.0 266.0 18.0 0.04 0.15
And 270.0 333.0 63.0 0.03 0.20
Including 311.0 319.0 8.0 0.04 0.63
And 341.0 363.0 22.0 0.01 0.15
And 432.0 439.0 7.0 0.01 0.70
Table 1 – Axe Significant Intersections
The RC program formed a grid of shallow holes to sample the top of bedrock beneath thin till cover and identify
potential porphyry centres for diamond drill testing. The Ohio diamond drill hole tested one of these RC targets and
the Company is interpreting the results of this work. The prog ram also helped extend the geological map under
cover to the west but no significant targets were generated.
“We are evaluating the results from this year’s work in conjunc tion with existing data to determine our next course
of action at Axe”, commented Charles Funk, Evrim’s VP New Opportunities and Exploration.
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 – Magnetic image of Axe target with 2018 drill holes labelled and historic drilling shown
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, only e ight 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.
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.
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.
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.
About the Axe Project
The Axe Project is a 50 square kilometre, early stage exploration property, prospective for gold‐rich copper porphyry
mineralization. It is located 20 kilometres north of Princeton along Highway 5A, and 30 kilometres north of Copper
Mountain Mining Corporation's producing Copper Mountain Mine. A 238 kV power line crosses the southwest corner
of the property, while a network of logging roads immediately east of Highway 5A provide excellent road access.
The property is located within the Intermontane Belt in the sou thern portion of the Quesnellia Terrane in southern
British Columbia. Southern Quesnellia is composed of Triassic N icola Volcanic Belt rocks and associated Jurassic to
Cretaceous intrusions. The belt extends from the Canada/USA bo rder to north of Kamloops and is characterized by
several producing mines and advanced stage mineral development projects.
In 2006, a NI 43‐101 resource of 39 million tonnes ("Mt") at 0.38% copper in the indicated category and an additional
32 Mt at 0.38% copper in the inferred category was estimated, although gold was not included as it was not assayed
in most previous drilling.
Evrim is committed to developing positive and mutually benefici al relationships based on respect and transparency
with local First Nations and communities in the areas in which we operate.
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 t he 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 portion s of southwestern United States. The Company’s
projects are advanced through option and joint venture agreemen ts 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
T o f i n d o u t m o r e a b o u t E v r i m R e s o u r c e s C o r p . , p l e a s e c o n t a c t P addy 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.
1. Please refer to the joint news release issued by the Company and First Majestic Silver Corp. dated September 10, 2018.
http://www.evrimresources.com/s/news-releases.asp?ReportID=835498
2. Please refer to the Company news release of April 5, 2018. The resource on the Ermitaño West vein that comprises part
of the Ermitaño property was announced by earn‐in partner First Majestic Silver Corp. ("First Majestic") on March 29,
2018. Inferred resources of 40.8 million ounces silver equivalent have been calculated by First Majestic with an average
grade of 4.0 grams per tonne ("g/t") gold and 68 g/t silver, or approximately 562,000 ounces gold equivalent, using First
Majestic's metal prices of US$1,450 per ounce gold and US$20 per ounce silver along with other assumptions to
determining metal equivalent stated in its March 29, 2018 news release. http://www.evrimresources.com/s/news‐
releases.asp?ReportID=820540
3. Please refer to the news release issued by Golden Ridge Resources Ltd. dated November 28, 2018.
https://www.goldenridgeresources.com/news/index.php?content_id=103
Forward Looking Information
This news release includes certain statements that may be deeme d "forward looking statements". All statements in this news rel ease, other
than statements of historical facts, that address events or dev elopments 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 a l w a y s ,
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 suc h forward looking statements are based on reasonable assumption s, 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 materiall y from those in forward looking statements include market price s, 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 fu ture 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 opi nions of the
Company’s management on the date the statements are made. Excep t as required by securities laws, the Company undertakes no obl igation
to update these forward looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.