Ivanhoe’s Kipushi zinc mine in the DRC officially reopens
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VANCOUVER, BRITISH COLUMBIA–(Marketwire – Sept. 7, 2011) – Evrim Resources Corp. (TSX VENTURE:EVM) (“Evrim” or the “Company”) is pleased to announce that drill crews have mobilized to the Suaqui Verde copper project in Sonora, Mexico. Evrim’s exploration funding partner, Inmet Mining Corporation, has planned to drill 12 holes totaling 4,700 metres.
Paddy Nicol, President of Evrim stated, “The drill program at Suaqui Verde is the result of a series of geochemical, geological mapping, and geophysical studies that took place over the past seven months. We’re excited to move forward with Evrim’s first drill campaign.”
Drilling at Suaqui Verde will focus on magnetic and ZTEM geophysical targets at the Adriana showing where surface mapping, sampling and historic drilling has defined an exposed copper – molybdenum mineralized porphyry system characterized by alteration over a two by three kilometre area before being obscured by post mineral gravels and cover rocks within a fault bound basin. Historic drilling within the Adriana target area has only tested the outermost margins of the system, and above the core of the ZTEM target, returning moderate intervals of strongly anomalous copper +/- molybdenum +/- gold mineralization. Additional drilling will test targets beneath post mineral gravels and cover rocks within the basin that exhibit a similar magnetic and ZTEM signature to mineralization exposed at Adriana. Please visit our news section atwww.evrimresources.com for maps of the Suaqui Verde area and drill program.
Evrim will be the operator for the drill program.
About the Suaqui Verde Property
The Suaqui Verde copper project covers 63 km² of ground located in the southern portion of a highly prospective belt of porphyry copper deposits ranging from Sonora, Mexico through to central Arizona. The belt hosts numerous mines, including the Cananea Copper Mine (7.1 billion tons @ 0.42% copper)* in Sonora and the Morenci Copper Mine (4.7 billion tons @ 0.27% copper)* in central Arizona. This copper trend accounts for the second largest concentration of porphyry copper deposits in the world where mining for copper has been continuous for over 100 years. (* non-43-101 compliant resources)
About Evrim Resources
Evrim is a mineral exploration company with a diverse portfolio of quality gold and copper projects, and a geological database covering Mexico and portions of southwestern United States. Evrim’s business plan is to generate exploration targets that it will advance through option and joint venture agreements with industry partners to create shareholder value. The projects generated to date form a solid foundation for Evrim’s execution of the joint venture business model, which will be further enhanced by a pipeline of new internally developed projects.
Qualified Person Statement
The content of this release has been reviewed by David Hladky, P.Geo.,General Manager, Exploration for the Company. Mr. Hladky is a Qualified Person as defined under the terms of National Instrument 43-101.
For further information on Evrim please visit www.evrimresources.com.
On Behalf of the Board
EVRIM RESOURCES CORP.
Paddy Nicol, President & CEO
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.
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.
