Evrim Resources (EVM-V) top pick from Brent Cook on BNN.ca PDAC Market Call tonite Tuesday March 6th @ 1730ET
Evrim is a prospect generator with a focus on the Americas and precious and base metal prospects in Mexico and British Columbia. Recently, they signed a deal with a silver producer, Coeur Mining (CDE-NY), on a grassroots low sulphidation epithermal (LSE) silver-gold prospect (Sarape) in Sonora, Mexico. The company has JV deals with Antofagasta Minerals (ANTO-LSE) and First Majestic Minerals (FR-T ). The company also has a strategic alliance with Newmont Mining (NEM-T)
As a highlight, in the first few holes at its Ermitaño West LSE prospect, First Majestic, the earn-in partner who operate the nearby Santa Elena Mine, hit 18 metres grading 11.4 grams per tonne (g/t) gold and 86 g/t silver including 3.3 metres grading 34.6 g/t gold and 242 g/t silver.
In 2018, we anticipate plenty of news flow as its partners will be spending $7 million in 2018 drilling well over 20,000 meters on its projects. Historically, it has had a ratio of spending about spending $1 for $4 dollars spent by its partners. The company has a market capitalization of $25-30 million. |
