Evrim Resources (EVM-V) partner Inmet Mining (IMN-T) approves drilling at Cumobabi
Feb 28, 2013 - News Release
Evrim Resources Corp.'s exploration partner Inmet Mining Corp. has approved a $2.43-million drilling and geophysical program on the company's wholly owned Cumobabi project in Sonora, Mexico. The Cumobabi project comprises 407 square kilometres of prospective ground within the Sonora copper-molybdenum porphyry belt, approximately 130 kilometres northeast of Hermosillo.
"The drill program at Cumobabi represents Evrim's first opportunity to test geophysical targets identified in 2012," commented Paddy Nicol, president and chief executive officer of Evrim. "The targets are based on a culmination of work conducted by Evrim and Inmet over the past two years, some of which have never been drill tested before. Good exploration requires a disciplined approach and dedication to systematically test targets; we are very fortunate to have that commitment with Inmet at Cumobabi."
The exploration program at Cumobabi includes 4,800 metres of diamond drilling focused in the southern half of the project, where a 100-line-kilometre induced-polarization geophysical program was completed in 2012. Specifically, crews will drill test a combination of blind, coincident, multikilometre-scale chargeability and resistivity anomalies with supporting surface geological alteration and anomalous geochemistry. Approximately seven to eight drill holes will test the Jurahui, Garambullal, La Palma and Bellotal target areas. This program will be the first drill test of these target areas with the exception of Garambullal. Based on the success of the IP program at generating drill targets on the southern half of the project, a further 30 line kilometres of IP will be completed on the northern half of the project.
About the Cumobabi project
The Cumobabi copper project consists of 407 square kilometres in a proven porphyry and breccia district in Sonora, Mexico. The underlying geology is composed of Cretaceous andesite volcanic centres intruded by Laramide-age rocks, including granodiorite and quartz-feldspar porphyries. The Cumobabi project is in its third year of a five-year option with Inmet whereby Inmet can earn a 60-per-cent interest in the project by spending $5-million in exploration expenditures and making cash payments of $250,000.
Qualified person statement
Evrim's disclosure of technical or scientific information in this news release has been reviewed and approved by Stewart Harris, PGeo, vice-president, exploration, for the company. Mr. Harris serves as a qualified person under the definition of National Instrument 43-101.
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