Evrim and Harvest Gold Complete Drilling at Cerro Cascaron
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
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 and Harvest Gold Complete Drilling at Cerro Cascaron
Vancouver B.C. – March 19, 2019: Evrim Resources Corp. (TSX.V:EVM) (“Evrim” or the “Company”) is pleased to
announce final drill results at the Cerro Cascaron gold and silver project in southwestern Chihuahua, Mexico. Evrim
and exploration partner, Harvest Gold Corporation (“Harvest Gold”) , have completed a total of ten diamond drill
holes at Serpiente Dorada, San Pedro and Cascarita for a total of 2 ,255 metres. The assay results included in this
release follow up on the announcement made in February 14, 2019.
“The maiden drill program at Cerro Cascaron demonstrate s significant potential to discover a low to intermediate
sulphidation epithermal gold deposit, specifically at the Serpiente Dorada and San Pedro areas,” commented Stewart
Harris, VP of Technical Services. “Drilling at Serpiente Dorada delineated a significant structural corridor containing
local high -grade gold mineralization. Well-developed quartz fissure veins within a broad stockwork containing
moderate gold grades and epithermal textures exists at San Pedro, and drilling has aided in vectoring toward a deeper
and possibly higher grade gold target. Additional drilling is needed to follow up both areas and for exploration of
several untested targets.”
Drill Program Highlights
Serpiente Dorada
• Drill hole SPT18-01 intersected 1.0 metre grading 20.10 grams per tonne (g/t) gold and 22.5 g/t silver from
225.5 metres downhole within 6.5 metres grading 3.29 g/t gold and 6.3 g/t silver from 224.5 metres
(previously reported February 14, 2019)
• Drill hole SPT1 9-02 intersected 11.5 metres grading 0.48 g/t gol d and 3.9 g/t silver from 119.5 metres
downhole and 1 metre grading 1.57 g/t gold and 1.2 g/t silver from 219 metres
San Pedro
• SPED19-02 intersected 4.8 metres grading 1.02 g/t gold and 13.0 g/t silver from 141 metres downhole and
0.35 metres grading 5.39 g/t gold and 23.7 g/t silver from 154.45 metres downhole (previously reported
February 14, 2019)
• SPED19-03 intersected 2.4 metres grading 0.98 g/t gold and 36.6 g/t silver from 162.5 metres downhole.
About the Cerro Cascaron Drill Program
Ten drill holes have been completed with two holes at the Serpiente Dorada, four holes at San Pedro gold targets,
and four at the silver-rich Cascarita target.
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 1 – Map of the Cascaron vein field with Serpiente Dorada and San Pedro drilling shown
Serpiente Dorada
Drill hole SPT19-02 targeted the intersection of the north-trending Serpiente Dorada and northeast-trending La
Julieta structures approximately 180 metres north of SPT18 -01. The hole drilled into a sequence of rhyolitic and
andesitic volcanic rocks with crosscutting hydrothermal breccias ; a similar setting as hole SPT18 -01. A zone of
pervasive silicification and quartz veining hosts a broad zone of low -grade gold mineralization from 119.5 metres
depth and a narrow zone of strong quartz veining hosts the intersection from 219.0 metres. The true widths of the
zone of silicification and strong quartz veining are not known.
Drill holes SPT18-01 and SPT19-02 intersected the Serpiente Dorada structure over a strike length of approximately
180 metres and also delineated a new structure or splay of f the Serpiente Dorada structure. Mineralization
intersected in these holes comprises quartz veining and silicification where the Serpiente Dorada structure intersects
interpreted hydrothermal breccias and a contact between andesitic and rhyolitic volcanic rocks , and presents a
structural setting for additional drilling.
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 2a – Cross section of drill hole at Serpiente Dorada (A-A’) and Figure 2b – Cross section of drilling at San Pedro (B-B’)
San Pedro
Drilling at San Pedro has intersected a quartz vein beneath the shallow historic workings hosted in rhyolitic tuff and
andesite. Drill hole SPED19-02 intersected the quartz vein approximately 110 metres beneath the workings at the
contact between andesite and rhyolite and returned 4.8 metres grading 1.02 g/t gold and a separate h igher grade
interval of 5.39 g/t gold over 0.35 metres. Drill hole SPED19 -03 intersected the San Pedro vein approximately 40
metres beneath the vein in SPED19-02 and returned 2.4 metres grading 0.98 g/t gold from 162.5 metres downhole.
Both SPED19 -02 and SPED 19-03 intersected the banded San Pedro quartz vein and the vein intersected in hole
SPED19-03 also contained multi- episodal chalcedonic quartz and quartz breccias . The textures observed in holes
SPED19-02 and SPED19 -03 suggested that the vein in these holes is above the boiling zone where the best
mineralization is expected. Hole SPED19 -04 was drilled to intersect the San Pedro Vein about 70 metres downdip
from the vein in SPED19-03 and intersected a zone of pervasive silicification and quartz veinlets with anomalous gold
and pathfinder elements. Additional drilling is recommended to test deeper targets along strike within the system.
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 3 – “San Pedro vein intersected in SPED19-03”
Significant Intersection Table
Hole From
(m)
To
(m)
Width
(m)
Gold
(g/t)
Silver
(g/t)
SPED18-01 No significant assays
SPED19-02 141.0 145.8 4.8 1.02 13.0
And 154.45 154.8 0.35 5.39 23.7
SPED19-03 162.5 166 3.5 0.74 26.5
including 162.5 164.9 2.4 0.98 36.6
SPED19-04 No significant assays
SPT18-01 224.5 231.0 6.5 3.29 6.3
Including 225.5 226.5 1.0 20.1 22.5
SPT19-02 119.5 131.0 11.5 0.48 3.9
and 219.0 220.0 1.0 1.57 1.2
All intervals given for mineralized intervals are core lengths. The true widths of the intersections are not known.
Drill Hole Information Table
Hole Easting
(m)
Northing
(m)
Elevation
(m)
Azimuth
(o)
Dip
(o)
Hole Depth
(m)
SPED18-01 246,222 2,949,475 1,883 276 -45 201.0
SPED19-02 246,222 2,949,475 1,883 220 -55 219.0
SPED19-03 246,222 2,949,475 1,883 220 -68 216.0
SPED19-04 246,309 2,949,410 1,919 270 -70 370.5
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.
SPT18-01 248,404 2,947,705 1,677 270 -64 320.0
SPT19-02 248,370 2,947,880 1,733 270 -55 270.0
CAS18-01 240,533 2,947,389 1,360 060 -45 209.7
CAS18-02 1 240,556 2,947,295 1,301 070 -45 48.2
CAS18-02B 240,557 2,947,296 1,301 070 -45 201.0
CAS18-03 240,361 2,947,455 1,405 040 -60 200.0
1. Hole was lost
About the Cerro Cascaron Project
The Cerro Cascaron property hosts a low to intermediate sulphidation epithermal gold system that includes a gold-
bearing vein in the eastern part of the property. Veining has been mapped over 900 vertical metres, with classic
textural evidence of hydrothermal boiling accompanying the highest gold grades. Th e proposed boiling zone has
been established in the upper 380 metres of the vein field. Beneath the boiling z ones, silver and base metal rich
veins and breccias provide additional exploration targets.
Cerro Cascaron's setting and mineralization are similar to many epithermal deposits in the Sierra Madre Occidental,
including Minera Frisco SAB's Ocampo Mine to the northwest, Coeur Mining Inc.’s Palmarejo mine, and First Majestic
Silver's San Martin de Bolaños silver mine.
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.
Core samples were delivered to ALS Global in Hermosillo , Sonora for sample preparation and to the ALS laboratory
in North Vancouver for analysis. The Hermosillo and North Vancouver facilities have ISO/IEC 17025:2017 certification.
Field duplicate samples, blank samples and certified reference materials were inserted into the sample sequence
each at a frequency of one per 20 samples. Samples were assayed for gold by 30 gram fire assay and multi-element
analysis by four-acid and ICP analysis.
About Evrim Resources
Evrim is a precious and base metals project generator, with early stage exploration projects and a database covering
substantial areas of Mexico, western Canada and portions of southwestern United States. We focus our expertise on
identifying new early stage exploration targets which are later advanced through option and joint venture
agreements with industry partners to create shareholder value and avoid stock dilution. 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
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.
To find out more about Evrim Resources Corp. , please contact Paddy Nicol, President , Charles Funk , VP New
Opportunities and Exploration at 604-248-8648, or Liliana Wong, Investor Relations Manager at 778-929-3382.
Visit our website at www.evrimresources.com.
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 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", "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 assumptio ns, such
statements are not guarantees of future performance and actual results may differ materially from those in the forward lookin g 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 op inions 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.