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 acquires Lemon Lake copper-gold project in British Columbia, Canada
910-850 WEST HASTINGS ST. VANCOUVER, BC, CANADA V6C 1E1
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TSX-V: EVM
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 acquires Lemon Lake copper-gold project in British Columbia, Canada
Vancouver B.C. – May 8, 201 9: Evrim Resources Corp. (TSX.V:EVM) (“Evrim” or the “Company”) is pleased to
announce it has acquired a 100% interest in the Lemon Lake copper-gold project in central British Columbia, Canada.
Lemon Lake was identified through Evrim’s copper porphyry target review and was acquired in late 2018. The project
is located in an area of producing mines and deposits in the Quesnel lia Terrane and contains a drill ready porphyry
target.
Project Highlights
• A 2,646 hectare project prospective for copper-gold porphyry deposits
• Located 34 kilometres southeast of the Mt. Polley mine and 13 kilometres northeast of the Woodjam deposit
cluster
• Porphyry alteration and copper and gold geochemistry masked by shallow till cover
• Historic drilling intersected 21.3 metres of 0.25% copper from 21 metres downhole and was not assayed for
gold or followed up
• A recent I nduced Polarization (“IP”) target coincident with alteration and geochemistry indicates historic
drilling only clipped the outer edge of the target
“The Lemon Lake project brings together historic drilling, mapping, sampling and geophysics that present s an
attractive drill target,” commented Charles Funk, VP of New Opportunities and Exploration. “ Our evaluation team
recognized the area’s potential and was able to unite several claims into one group. The project adds to Evrim’s
portfolio of discovery opportunities in British Columbia.”
The property is located close to infrastructure with nearby power and road access across the project.
Evrim acknowledges that Lemon Lake is situated within the traditional territory of the Williams Lake Indian Band,
Xatsull First Nation and the Neskonlith Indian Band. Evrim is committed to developing positive and mutually
beneficial relationships with First Nations based on trust and respect and a foundation of open and honest
communications.
About the Lemon Lake Project
The property is centered on a 5.0 by 2.7 kilometre zoned pluton hosted in volcanic units of the Quesnellia Terrane, a
typical setting of many porphyry deposits in central and southern British Columbia. The pluton is zoned from gabbro
through diorite to monzonite from south to north , however detailed mapping is limited by extensive shallow till
cover. Historic exploration has shown that the monzonite phase contains zoned porphyry alteration from distal
propylitic to central potassic alteration with associated copper mineralization.
In 1974, Hudbay Minerals Inc. (“Hudbay”) completed a series of percussion drill holes. The northernmost hole (drill
hole 74 L-4) intersected 21.3 metres grading 0.25% copper from 21 metres downhole with individual samples up to
0.7% copper. Gold was not assayed during this program. The drill log for hole 74 L-4 notes strong potassic alteration
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.
with disseminated and fracture filled copper mineralization. Hudbay’s report also summarized the intersection as
encouraging and recommended follow-up drilling to the north and west. 1 The follow-up work was never completed.
In 2012, an IP survey outlined an elongated 2,800 metre by 600 metre chargeability anomaly coincident with altered
porphyritic monzonite and a large copper and gold in soil geochemical anomaly. Drill hole 74 L-4 from the 1974
program clipped the eastern edge of the chargeability anomaly.
Evrim is seeking a joint venture partner to advance the project.
Additional information and an introductory presentation on the project is available on Evrim’s website at the
following link: https://www.evrimresources.com/projects/seeking-partners/lemon-lake/
Figure 1 - Lemon Lake location map
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 – Claim map of Lemon Lake project showing inferred geology
Acquisition Terms
Evrim has earned a 100% interest in the Lemon Lake project by making a $15,000 cash payment and agreeing to the
following milestone cash, or equivalent share payments, at the Company’s election:
• $25,000 within 14 days of the execution of an option or joint venture agreement
• $25,000 on the completion of 10,000 metres of drilling by Evrim or any third party
• $150,000 upon the announcement of a n NI 43-101 measured or indicated mineral resource estimate of at
least 200,000,000 tons at a grade of at least 0.50% copper equivalent
• $500,000 on the decision to bring the Lemon Lake project into commercial production
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
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 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 sta ge 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
To find out more about Evrim Resources Corp., please contact Paddy Nicol, President and CEO, 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.
Note 1: British Columbia Ministry of Energy, Mines and Petroleum Resources Assessment Report 05117
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 histori cal 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 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 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 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 ob ligation
to update these forward looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.