Evrim Acquires the Ardmore Copper Porphyry Property in Arizona
Vancouver, British Columbia--(Newsfile Corp. - April 16, 2015) - Evrim Resources Corp. (TSXV: EVM) ("Evrim" or the "Company") is pleased to announce that it has acquired the Ardmore property in Pinal County, Arizona. Ardmore is an early stage exploration target covering 696 hectares of ground prospective for copper-molybdenum porphyry and gold deposits. The project was identified through the Company's generative programs in 2014 and acquired through staking.
The Ardmore project is favorably situated at the intersection of a major northwest belt of porphyry copper deposits (Ray, Miami/Globe, Superior, Resolution) and a northeast belt of similar style deposits (San Manuel/Kalamazoo, Silver Bell, Lakeshore, Safford, Morenci), approximately 60 kilometres north of Tucson. The project is road accessible with no communities nearby. The Company has also consolidated additional prospective ground in the Ardmore area through a separate agreement with local landowners.
Geology on the property consists of porphyritic Proterozoic monzogranite to granite and Laramide porphyritic dykes with zones of quartz-sericite alteration. Alteration is truncated by Tertiary andesites and conglomerates of an upper detachment plate, which is mapped as a shallow thrust by the United States Geological Survey. Gold mineralization is coincident with a combination of steep and flat lying structures along the thrust front. The propylitic to phyllic alteration may represent the margin of a porphyry system beneath the overriding upper thrust plate.
The project has never been drill tested for concealed porphyry targets and has seen only limited exploration. Mapping and geochemical sampling will be undertaken to determine vectors towards a potential mineral center.
Evrim's President and CEO, Paddy Nicol, commented, "The Ardmore project represents an excellent opportunity for Evrim's exploration partners to test an underexplored project in an area with significant mining history. In addition, consolidating prospective ground adjacent to Ardmore will allow for more effective exploration of the region. The acquisition of Ardmore is Evrim's first project outside of Mexico and was generated using the Company's expertise on the Mexican side of the Laramide porphyry belt."
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 in Mexico and portions of southwestern United States. The existing projects, and generation of quality exploration targets and ideas, 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.
Qualified Person Statement
Evrim's disclosure of technical or scientific information in this press release has been reviewed and approved by Howard Davies, M.A.I.G, COO & Vice President, Exploration for the Company. Mr. Davies serves as a Qualified Person under the definition of National Instrument 43-101.
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 Howard Davies, COO at 604-248-8648, or visit www.evrimresources.com.
Forward Looking Information
This news release includes certain statements that may be deemed "forward looking statements". All statements in this news release, 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 not 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 opinions 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.