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Evrim Acquires Cuale Gold Project in Mexico Defines New Zone in an Oxidized High Sulphidation Gold System

Evrim Resources Corp. is pleased to announce the acquisition and initial exploration results of the Cuale gold property, an early-stage exploration property prospective for high sulphidation epithermal gold-silver in Jalisco, Mexico. The Cuale project was initially staked under the Callinan Royalties Generative Alliance (now owned by Altius Minerals Corporation with formal title granted to Evrim for 100% ownership in November 2017.

Cuale Exploration Highlights

Rock chip sampling has defined a 500 metre by 250 metre zone of gold mineralization with all seven samples ranging from 0.19 to 4.56 grams per tonne (g/t) gold;
Contour soil sampling within the area defines a 400 metre by 140 metre zone of gold anomalism with all seven soil samples ranging from 0.13 g/t gold to 4.06 g/t gold;
Excellent infrastructure nearby and within the same region as the Barqueño project (Agnico Eagle Mines) and the Terronera project (Endeavour Silver).

“Gold mineralization from sampling at the La Gloria prospect indicates significant potential for an oxidized high sulphidation gold system at the Cuale project. These encouraging early results warrant rapid advancement to define the full extent of mineralization,” commented Evrim’s Vice President for New Opportunities and Exploration, Charles Funk. “Oxidized high sulphidation deposits are highly valued for their often large tonnages and lower construction costs. Cuale is a new project for Evrim and the extent of mineralization over such a broad area presents an uncommonly compelling prospect.”

Mineralization is found in moderately to strongly silicified rhyolite that contains up to 10% specular hematite in boxworks, interpreted to have formed after pyrite. Zones of pervasive silicification with strong clay alteration of phenocrysts trending to vuggy silica are observed but the distribution is not yet well understood. Overprinting white quartz veins and massive specularite veins form sheeted networks in outcrop. On the margin and at lower elevations, high temperature clays including pyrophyllite and dickite are noted before the system grades towards kaolinite with abundant specular hematite (up to 15%) distally and at lower elevations.

Soil sampling shows gold, silver, bismuth, molybdenum, lead, antimony with depleted manganese and zinc occur together in the mineralized zone with elevated copper and arsenic occurring at lower elevations to the northeast. In rock samples gold, silver, bismuth and antimony strongly correlate.

Evrim Resources Corp.



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