Vancouver, British Columbia--(Newsfile Corp. - July 13, 2016) - Evrim Resources Corp. (TSXV: EVM) ("Evrim" or the "Company") and exploration partner First Majestic Silver Corp. (TSX: FR) (NYSE: AG) ("First Majestic") are pleased to announce a 2,000 metre drill program has been planned at the Company's Ermitaño gold-silver property in Sonora, Mexico. The program follows up exploration completed by First Majestic in 2015, where drilling tested new targets at the Ermitaño East and Veta Valentina areas.
Exploration Highlights
A US$640,000 exploration program including six drill holes is planned in the Ermitaño West area, located approximately three kilometres southeast of First Majestic's Santa Elena silver and gold mine
The principal Ermitaño West vein shows thickness ranging from 2.0 metres to 3.5 metres wide, outcrops over more than 500 metres of strike, and has never been drilled
Twenty of 912 rock samples taken at Ermitaño West exceed 1.0 gram per tonne ("g/t") gold to a maximum of 6.63 g/t gold
Drilling at Ermitaño East in 2015 intersected anomalous gold throughout two of three holes
Three of seven holes drilled at Veta Valentina in 2015 intersected anomalous gold and base metal values
Ermitaño West
The Ermitaño West zone (see Figure 1) consists of a network of low to intermediate sulphidation east-west trending epithermal veins and stockwork. The veining covers an area of 1,200 metres long and 600 metres wide with 912 rock samples averaging 0.12 g/t gold over widths ranging from 0.1 metres to 3.5 metres and averaging 0.7 metres. The principal east-west striking vein is up to 3.5 metres wide and with a hanging wall of sub-parallel east-west striking veins and north-south striking stockwork veining over 200 metres wide. Vein textures, including banded quartz, quartz replacing bladed calcite, and an elevation 200 metres to 300 metres higher than the pit at Santa Elena suggest a shallower level of exposure in the epithermal environment compared to Santa Elena.
First Majestic plans to begin the 2,000 metre drill program at Ermitaño West in August. The drilling is planned to test the principal quartz vein and sub-parallel veins and stockworks.