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Evrim Resources Corp.
Summary
| Project: | Cuale | |
|---|---|---|
| Deposit: | Cuale | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 2/11/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-2-2019: Evrim Resources Corp. announces an Exploration/Drilling Update report for its Cuale deposit at the Cuale project. Drilling results incl. 32.0m @ 0.83g/t Au from 0m. Vancouver B.C. February 11, 2018: Evrim Resources Corp. (TSX.V:EVM) (“Evrim” or | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stewart Harris (Internal) | |
| ABSTRACT: | Vancouver B.C. February 11, 2018: Evrim Resources Corp. (TSX.V:EVM) (“Evrim” or the “Company”) announces additional drill results from the Cuale gold project in Jalisco, Mexico. The Company has received assay results from ten diamond drill holes completed in 2018 for a total of 2,179 metres. The drill program at Cuale was designed to test an exposed high sulphidation gold target defined by quartzpyrophyllite-hematite alteration with high grade gold over significant lengths in trenches, pit sampling, rock chips and soils. The drilling confirmed the alteration, but gold results are restricted to a maximum depth of 50 metres from surface. The gold values are notably lower than in the trenches. A mid-January review of the drilling indicates that the host sequence is dominated by submarine volcanic rocks with a lower stratabound copper rich-horizon and an upper gold rich horizon with high-sulphidation alteration. The overall setting identified by drilling is interpreted as a laterally extensive Volcanic Massive Sulphide (“VMS”) style system. The upper gold rich horizon is interpreted to have undergone lateritic weathering and mechanical concentration to produce the high gold grades that do not extend to depth. “The maiden drilling program at Cuale has afforded the Company a better understanding of the geological setting that hosts the gold mineralization. With this information, the Company plans to test extensions of the gold and copper horizons and will commence a reconnaissance program across the property seeking new targets. Upon completion of this program, the Company will re-assess the appropriate path forward,” commented Charles Funk, Vice President of New Opportunities and Exploration. | |
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