Evrim Resources Corp Announces Drilling Starts on the Ermitaño Property, Sonora, Mexico

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[{"type":"text","content":"Evrim Resources Corp Announces Drilling Starts on the Ermitaño Property, Sonora, MexicoVancouver, British Columbia--(Newsfile Corp. - October 20, 2014) - \nEvrim Resources Corp. (TSXV: EVM) (\"Evrim\" or the \"Company\") has been advised by SilverCrest Mines Inc. (\"SilverCrest\"), that drilling has started on the Ermitaño Property in Sonora, Mexico. The drill \nprogram will include six drill holes in the Durazno target totalling an estimated 1,800 metres. \n\nThe drill program follows up surface exploration work completed by SilverCrest in 2014. To date, detailed geological mapping, rock chip and channel sampling has been completed on the Durazno target, located approximately seven kilometres southeast \nof SilverCrest's Santa Elena Mine. The Durazno target consists of outcropping widespread epithermal mineralization hosted in Tertiary rhyolite tuffs and dacites. Thirty-three of the 1,073 rock samples exceed 1.0 g/t gold to a maximum of 24.3 \ng/t gold and six of the thirty-three samples exceed 100 g/t silver to a maximum of 257 g/t silver over a continuous strike length of 450 metres along the longest vein. \n\nAbout the Ermitaño Property \n\nThe Ermitaño Property consists of two concessions (Ermitaño I and II) totaling 165 square kilometres of contiguous mineral tenure located approximately 145 kilometres from Hermosillo and immediately adjacent to SilverCrest's \nSanta Elena Mine in Sonora, Mexico. Access to the property is by paved highway and secondary roads. Ermitaño I and II are held 100% by Evrim's Mexican subsidiary subject to an underlying third party NSR of 2%. \n\nSilverCrest can earn a 100% interest in the Ermitaño Property by paying US$75,000 upon signing the Agreement (paid) and US$50,000 each anniversary thereafter, completing a minimum of US$500,000 in exploration expenditures in the \nfirst year, and delivering a Production Notice specifying mine and construction plans with accompanying permits. Upon vesting, SilverCrest will no longer be required to make the annual payments and Evrim will retain a 2% Net Smelter Royalty \n(\"NSR\"). \n\nThe Ermitaño I and II concessions are located along the same trend of mineralization currently being exploited at the Santa Elena Mine. The concessions host the same early Tertiary andesite and rhyolite volcanic rocks with major structur...

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