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Evrim Resources Corp
Symbol EVM
Shares Issued 84,469,317
Close 2019-08-22 C$ 0.35
Market Cap C$ 29,564,261
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Evrim partner starts work at Ball Creek

2019-08-22 07:18 ET - News Release

Mr. Paddy Nicol reports

EVRIM ANNOUNCES THE START OF EXPLORATION AND DRILLING AT BALL CREEK

Evrim Resources Corp.'s exploration partner, Golden Ridge Resources Ltd., has commenced work on the Ball Creek project in northwestern British Columbia. The Ball Creek project hosts seven prospective gold-copper porphyry targets (Main, Cliff, Goat, ME, Rainbow, Mess Creek, More Creek) and four epithermal gold-silver targets (Ridge, Valley, HP, Rojo Grande). Golden Ridge's exploration program at Ball Creek will focus on testing extensions to several of the known targets over areas where minimal historic work has been completed. Plans include:

  • Completing geochemical surveys of up to 4,000 soil samples between the Main and Williams zones as well as detailed geological mapping and prospecting to identify new targets;
  • Up to 1,600 metres of diamond drilling to extend copper-gold mineralization at the Main zone and to test the Goat zone, which has never been drill tested;
  • Prospecting and mapping of the Main, Cliff, Goat and ME zones, all of which, when combined with the Hank project's Williams zone, may form part of a single 10-kilometre-long porphyry system.

"Golden Ridge's initial exploration program at Ball Creek follows up work completed over the past four years by Evrim and its previous joint venture partner," commented Evrim's vice-president of technical services, Stewart Harris. "We are pleased to see that our exploration efforts at Ball Creek have advanced to the first drilling program on the property since 2012. Golden Ridge's plan is to test the most advanced targets and generate additional high-quality targets for follow-up in the future."

Evrim acknowledges that Ball Creek is situated in the traditional territory of the Tahltan Nation and is committed to developing a positive and mutually beneficial relationship based on respect and transparency.

About the Ball Creek project

The Ball Creek project is a large, 524-square-kilometre copper-gold porphyry and epithermal gold-silver project located in northwest British Columbia's Golden Triangle, intersecting Highway 37 and the 287-kilovolt Northwest transmission line. The Ball Creek contains four separate porphyry copper systems distributed across the project found in similar geological settings to the Red Chris, KSM, Spectrum/GJ and Snip mineral deposits.

Exploration potential exists at the Mess Creek, More Creek, Rainbow and Ball Creek porphyry systems. The Ball Creek porphyry has received the majority of exploration, with the other significant porphyry targets largely unexplored.

The Ball Creek project has had over 19,000 metres of drilling on it, with the majority (approximately 11,000 metres) focused on the main zone. Drilling in the main zone by previous operators intersected 231 metres grading 0.21 per cent copper and 0.54 gram per tonne gold in drill hole BC07-12 and including 45.72 metres grading 0.31 per cent copper and 0.69 gram per tonne gold. The main zone mineralization is hosted in a subvertical, northeast-striking porphyry complex that is 500 metres wide and 1,300 metres long and intrudes andesitic volcanic rocks. A complex alteration system is centred on the porphyry complex and comprises a core of sodic and potassic alteration that is overprinted, overlain and flanked by sericite-dominant alteration and peripheral propylitic alteration developed in the enclosing andesitic rocks.

Main and Goat zones

The porphyry complex hosting the Main zone is open to depth, to the northeast and to the southwest. Drilling is planned to test the southwestern extension of the Main zone that was tested by two holes in 2012, one of which (BC12-54) returned 74 metres grading 0.27 per cent copper and 0.50 gram per tonne gold. The gold and copper mineralization in hole BC12-54 is located in potassic- and sericite-dominant alteration that is capped by gold mineralization in quartz-sericite alteration.

The Goat zone is a new target that has yet to be tested by drilling. The Goat zone is underlain by northeast-striking feldspar hornblende porphyry dikes that intrude andesitic volcanic and sedimentary rocks. Carbonate veins with polymetallic base metal mineralization and skarn mineralization with anomalous copper have been identified in limited sampling. The zone is marked by anomalous copper geochemistry over an area that measures 500 by 600 metres and is open along strike to the northeast.

Qualified person statement

Evrim's disclosure of technical or scientific information in this press release has been reviewed and approved by Stewart Harris, PGeo, 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 Corp.

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.

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