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 Expands Footprint of Astro Gold System with New Showing and Initial RC Drill Results
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NEWS RELEASE
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accepts responsibility for the adequacy or accuracy of this release.
Evrim Expands Footprint of Astro Gold System with New Showing and Initial RC Drill Results
Vancouver B.C. September 5, 2019: Evrim Resources Corp. (TSX.V:EVM) (“Evrim” or the “Company”) is pleased to
announce exploration results from its Astro Project in the Northwest Territories (“NWT”). The Astro project is a new
gold discovery within a ten kilometre long structural corridor along the Yukon-NWT border and the product of two
seasons of generative exploration with a wholly -owned subsidiary of Newmont Goldcorp Corporation (“Newmont
Goldcorp”). Evrim and Newmont Goldcorp started project work at Astro in June and have completed a mag/VTEM
survey, detailed geologic mapping, chip -channel and talus fine sampling and a n eleven -hole reverse- circulation
(“RC”) reconnaissance drilling program.
Exploration Highlights
• Vertical chip -channel sampling at the Radio prospect returned 3.3 grams per tonne (“ g/t”) gold over 26
metres (including 12.5 g/t gold over 6 metres) across magnetite- pyrite skarn and overlying siltstone . Drill
hole RAD19-01 intersected 1.36 g/t gold over 10.7 metres including 3.13 g/t gold over 3.05 metres.
• Additional chip-channel sampling at the Microwave prospect returned 3.6 g/t gold over 18 metres (including
7.2 g/t gold over 6 metres ) and 3.1 g/t gold over 8 metres from trenches oriented normal to northwest -
striking fractures;
• Ultraviolet (“UV”) is a new discovery one kilometre southeast of the Radio prospect and hosted within a
similar stratigraphic horizon. Rock chip channels perpendicular to bedding returned 6.1 g/t gold over 4.0
metres.
• Drill hole GAM19-01, tested the northern end of a 1.2 kilometre long soil anomaly and returned 1.04 g/t gold
over 6.1 metres including 2.65 g/t gold over 1.5 metres.
• A helicopter mag netics/VTEM survey has outlined a series of structurally controlled magnetic anomalies
underpinning previously identified surface showings and gold -in-soil anomalies over a strike length of 9.5
kilometres.
“Evrim completed a substantial amount of work at Astro this season, and results continue to highlight a structural
corridor of gold prospects extending for at least ten kilometres,” commented Evrim’s VP of Exploration, Dave Groves.
“The RC scout drilling program focused primarily on testing stratigraphy in proximity to prospects and identified
several new gold-bearing zones, including an interval of mineralized granodiorite east of Radio and silicified siltstone
in a range-bounding fault at Gamma. These results, together with the mapping and sampling program that identified
the UV prospect and gol d-bearing quartz veining above Radio, are beginning to outline an extensive gold system
along the eastern margin of the Border pluton.”
Evrim and Newmont Goldcorp acknowledge that the Astro Project is located within the traditional territory of the
Sahtu Dene and Metis Comprehensive Land Claim and are committed to developing a positive and mutually beneficial
relationship based on respect and transparency.
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.
Astro Project Technical Discussion
Results from the 2019 exploration program highlight a strong spatial relationship between northwest -striking
structures, favourable host rocks and elongate magnetic highs flanking the contact metamorphic aureole of the
Border pluton (Figures 1 and 2). The Radio prospect is open to the north toward the Infrared gold -in-soil anomaly,
and the recently discovered UV prospect is coincident with a magnetic high that extends more than a kilometre south
of the showing. Gamma, which lies further east along the range front, represents a different style of mineralization
within siltstone cut by high-angle north to northwest-striking faults. Gamma remains open-ended to the north and
south.
Figure 1. Geology of the Astro project showing the location of gold prospects along the eastern margin of the Border pluton.
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accepts responsibility for the adequacy or accuracy of this release.
Figure 2. Total magnetic intensity (TMI)-Reduced to the Pole (RTP) magnetics image with gold-in soil anomalies and prospect locations
highlighting the coincidence of gold prospects and linear magnetic highs along a 9.5 kilometre long structural corridor. Circular magnetic
low is the approximate outline of the Border pluton.
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accepts responsibility for the adequacy or accuracy of this release.
Radio Prospect
The Radio prospect is centered on a 25 by 35 metre exposure of partially oxidized magnetite-pyrite skarn hosted in
carbonaceous siltstone with calcareous lenses . Three sets of horizontal chip-channel samples (sub-parallel to
bedding) and a vertical trench (perpendicular to bedding) were completed to follow up the 2018 exploration program
(Evrim January 28, 2019 news release), to extend the footprint and determine the primary control on mineralization
(Figure 3). Chip-channel samples were also obtained from an area on the west side of a fault separating the two
showings. Results from this sampling at Radio are in Table 1 below:
Table 1: Radio Prospect Chip-channel Sampling Results
Trench Width
(m)
Gold
(g/t)
Gold (cut
to 30 g/t)
(g/t)
Remarks
Channel H1 6.0 0.22 n/a Horizontal chip-channel sampling below 2018 chip-
channel sampling
and 2.0 9.97 n/a
Channel H2 30.0 17.7 11.8 Horizontal resampling and eastward extension of
2018 chip-channel sampling
and 10.0 34.8 19.0
Channel H3 6.0 0.26 n/a Horizontal chip-channel sampling above 2018 chip-
channel sampling
Channel H4 16.0 0.93 n/a Horizontal chip-channel sampling of new extension
across fault
including 2.0 4.91 n/a
Channel V1 26.0 3.26 n/a Skarn and overlying siltstone
including 6.0 12.5 n/a Skarn
The mineralized system at Radio is developed in several rock types along a series of northwest-striking structures
offsetting the eastern margin of the Border pluton . Parallel, northwest-striking, high-angle fractures cut siltstone,
magnetite-pyrite skarn and intrusive rocks and appear to control the location of higher grades evidenced in the rock-
chip sample results (Figure 3).
Drill hole RAD19-01 is located above the showing and intercepted 1.36 g/t gold over 10.7 metres including 3.13 g/t
gold over 3.0 metres from skarn similar to the Radio showing. Hole RAD19-02, a vertical RC hole positioned to test
a lower horizon of anomalous soil and talus-fines samples, collared into granodiorite and was ended at a depth of 26
metres. Select sample results from RAD19 -02 are anomalous in gold, and results for the entire hole are pending.
Hole RAD19-04, collared 180 metres northeast of the Radio showing, encountered a similar section to RAD19-01 and
returned 0.67 g/t gold over 7.6 metres from intrusive rock near the bottom of the hole. Holes RAD19-03 and RAD19-
05 were collared 600 and 700 metres north , respectively, of the Radio showing to test a magnetic anomaly
interpreted to be the favourable skarn horizon at depth. Both holes encountered heavy water flows and ended short
of the intended target depth. Drill hole information and significant intersections are in Tables 3 and 4, respectively.
UV Prospect
The UV prospect is a 100 by 75 metre area of subcropping magnetite-pyrite skarn within a sequence of grey limestone
located approximately one kilometre east-southeast of Radio (Figures 1 and 2). Chip-channel sampling returned 6.1
g/t gold over four metres from channels oriented perpendicular to bedding, and talus fine sampling downslope from
UV record values up to 3.5 g/t gold. Hole ULV19-01 was positioned above the surface showing and intersected
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intercalated altered limestone, sandstone and skarn but returned no significant gold values. Mapping and rock and
talus fine sampling outline several gold zones within the limestone and skarn at UV, suggesting primary control along
northwest-striking faults. The UV prospect is outlined by a prominent linear magnetic anomaly (Figure 2 ) that
extends 1.7 kilometres south from the UV showing to the contact of the Border pluton.
Figure 3. View to the west of the Radio prospect showing the location of reported 2019 chip-channel
rock-chip sample results and drill pad RAD19-01.
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accepts responsibility for the adequacy or accuracy of this release.
Gamma Prospect
The Gamma prospect is located approximately 2.5 kilometres southeast of UV and is defined by a 1.2 kilometre
long gold-in-soil anomaly overlying a prominent magnetic anomaly (Figure 2). Inclined drill hole GAM19-01 tested
the soil anomaly and the magnetic anomaly in an area of mapped fault breccia and intersected 1.04 g/t gold over
6.0 metres including 2.65 g/t gold over 1.5 metres. Hole GAM19-02 tested the footwall of the gold-bearing
structure in GAM19-01 and returned no significant results. Hole GAM19-03 tested an EM conductor approximately
900 metres south of GAM19-01 (see Table 4). The GAM19-01 intercept remains open along a range-bounding fault
that juxtaposes hornfelsed sedimentary rocks and granodiorite against carbonaceous silty limestone.
Microwave Prospect
Horizontal chip-channel sampling (sub-parallel to bedding and normal to fractures) and drilling were completed to
follow up the 2018 exploration program ( see Evrim January 28, 2019 news release) and determine the primary
control on mineralization. Results from this sampling at Microwave are in Table 2 below:
Table 2: Microwave Prospect Chip-channel Sampling Results
Trench Width
(m)
Gold
(g/t) Remarks
Channel H1 8.0 3.08 Horizontal chip-channel sampling west and along
strike of 2018 chip-channel sampling
Channel H2 18.0 3.56 Horizontal resampling and extension of 2018 chip-
channel sampling
including 6.0 7.24
Drill holes MIC19-01 and -02 tested the stratigraphic section below the channel sampling. Results from both holes
returned nominal values , suggesting the surface showing is localized along high -angle structure s parallel to the
azimuth of the RC holes . Talu s fine sampling designed to test an area of anomalous stream -sediment samples
identified two new showings 300 and 800 metres southwest of the Microwave prospect with gold values up to 1.95
g/t gold.
Table 3: Drill Hole Information Table
Hole Easting
NAD83 Zone 9
Northing
NAD83 Zone 9
Elevation
(m)
Azimuth
(°)
Dip
(°)
Hole Depth
(m)
MIC19-01 459256 7027595 1716 324 -70 103.9
MIC19-02 459259 7027590 1716 145 -60 95.4
RAD19-01 456017 7032041 1830 n/a -90 95.1
RAD19-02 456191 7031913 1706 n/a -90 26.2
RAD19-03 455878 7032697 1676 n/a -90 103.0
RAD19-04 456144 7032173 1862 n/a -90 118.0
RAD19-05 455710 7032543 1679 n/a -90 104.5
ULV19-01 456989 7031680 1821 165 -60 95.4
GAM19-01 459223 7030219 1688 090 -60 104.2
GAM19-02 459223 7030219 1688 n/a -90 87.5
GAM19-03 459390 7029374 n/a -90 179.2
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accepts responsibility for the adequacy or accuracy of this release.
Table 4: Astro 2019 RC Scout Drilling Results
Hole From
(m)
To
(m)
Width
(m)
Gold
(g/t)
MIC19-01 No significant result
MIC19-02 No significant result
RAD19-01 26.5 37.2 10.7 1.36
including 31.1 34.1 3.0 3.13
and 58.5 60.0 1.5 0.68
RAD19-02 Results pending
RAD19-03 No significant result
RAD19-04 104.2 111.8 7.6 0.67
Including 108.8 110.3 1.5 2.18
GAM19-01 54.0 60.0 6.0 1.05
including 58.5 60.0 1.5 2.72
GAM19-02 No significant result
GAM19-03 No significant result
ULV19-01 No significant result
Note: True widths of drill hole intersections are not known
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 , a Qualified Person defined by National
Instrument 43-101.
Samples were delivered to ALS Global in Whitehorse, YT for sample preparation and to the ALS laboratory in North
Vancouver for analysis. The ALS facilities have ISO/IE 17025:2005 certification. Rock and drill samples were assayed
for gold by 30 gram fire assay and multi-element analysis by four-acid digest and ICP analysis. Screen metallics assays
were performed on select high gold grade trench and rock samples. Field duplicate samples, blank samples and
certified reference materials were inserted into the drill sample sequence, and blanks and certified refe rence
materials were inserted into the chip -channel sample sequence. Over limit rock samples were re- assayed by fire
assay with gravimetric finish.
Talus fine samples were sieved in the field, prepped as soil samples by ALS and analyzed for gold by fire-assay and a
multi-element analysis by aqua regia digest and MS ICP analysis.
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 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 Liliana Wong, Manager,
Investor Relations at 604-425-3400.
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“) 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, exploitatio n
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 belie fs, 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.