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Evrim Resources Corp.: Drilling, Geophysical and Geochemical Program Approved at Suaqui Verde
Vancouver, British Columbia--(Newsfile Corp. - June 24, 2013) - Evrim Resources Corp. (TSXV: E...
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[{"type":"text","content":"Evrim Resources Corp.: Drilling, Geophysical and Geochemical Program Approved at Suaqui VerdeVancouver, British Columbia--(Newsfile Corp. - June 24, 2013) - Evrim Resources Corp. (TSXV: EVM) (\"Evrim\" or the \"Company\") is pleased to announce that exploration partner First Quantum Minerals Ltd. (\"First Quantum\") has approved additional geophysics and drilling on the Company’s wholly owned Suaqui Verde project in Sonora, Mexico. The Suaqui Verde project comprises 65 square kilometres of prospective ground within the Sonora copper-molybdenum porphyry belt, approximately 130 kilometres southeast of Hermosillo. \"This round of exploration at Suaqui Verde follows-up on the results of the 2012-2013 program,\" commented Paddy Nicol, President and CEO of Evrim. \"Specifically, exploration will focus on the area of drill holes DHSV12016 and DHSV13017, where a new zone of porphyry-style alteration and mineralization was discovered be eneath post-mineral cover.\" (announced May 30, 2013). The exploration program at Suaqui Verde will comprise a ground magnetics survey and grid soil geochemistry. The ground magnetics survey will be conducted on lines spanning the basin area at a line-spacing of 200 metres, over an area measuring approximately 4.0 kilometres by 3.0 kilometres. The magnetics and soil geochemistry will be utilized along with the 2012-13 IP/resistivity data and the phyllic alteration and biotite-magnetite hornfels in holes DHSV12016 and DHSV13017 as vectors to locate one 600-metre diamond drill hole. The total cost for the program including contingency and taxes is estimated at US$550,000. About the Suaqui Verde Project The Suaqui Verde project covers approximately 65 km² of ground located in the southern portion of the highly prospective Sonora porphyry belt, host to the world class Cananea and La Caridad porphyry deposits. The project covers two copper mineralized systems: the Adriana porphyry centre on its western flank, and the possible extension to the Suaqui Verde copper oxide resource on its eastern margin. Suaqui Verde is currently under option to First Quantum Minerals Ltd. First Quantum can earn a 60% interest in the project by paying $250,000 in cash and conducting $5 million in exploration over five years (announced February 2011). Evrim is operator on the project. Qualified Person Statement Evrim's d...