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Evrim Resources Corp. Reports Drilling, Geophysical and Geochemical Program Completed at Cumobabi
Vancouver, British Columbia--(Newsfile Corp. - October 30, 2013) - Evrim Resources Corp. (TSXV...
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[{"type":"text","content":"\nEvrim Resources Corp. Reports Drilling, Geophysical and Geochemical Program Completed at CumobabiVancouver, British Columbia--(Newsfile Corp. - October 30, 2013) - Evrim Resources Corp. (TSXV: EVM) (\"Evrim\" or the \"Company\") is pleased to report drill results from the exploration program on the Company's wholly owned Cumobabi copper-molybdenum porphyry project in Sonora, Mexico. Evrim and exploration partner FQM (Akubra ) Inc. (formally Inmet Mining Corporation) (\"FQM\") (TSX:FM) have completed five widely-spaced drill holes totaling 2,943 metres. The program at Cumobabi tested geological, geochemical and geophysical targets generated by the 2012 exploration program. The program also comprised additional IP surveying totaling 38 line-kilometres in two bl locks northeast and northwest of the 2012 survey. \"This is the first comprehensive drill program at the Cumobabi project to target porphyry copper-molybdenum mineralization,\" commented Paddy Nicol, President and CEO of Evrim. \"While economic grade intersections were not intersected, drilling successfully intersected local anomalous copper mineralization (including 0.1% copper over eight metres) and porphyry related alteration systems. Evrim and FQM will conduct a further review of the results, including the IP survey in the northern claim blocks, to determine the next steps.\" This phase of drilling comprised widely-spaced holes over an area measuring approximately 3,000 by 5,000 metres which identified multiple zones of porphyry-style alteration and mineralization in andesitic and latitic volcanic rocks. Three of the holes exhibited significant biotite-quartz±magnetite alteration which when combined with phyllic and propylitic alteration in these and adjacent holes will enable vectoring to the porphyry centres of the systems. Anomalous copper, gold and molybdenum were intersected in the holes in quartz-sulphide veins and as chalcocite and covellite on fractures. Brecciation is ubiquitous in these holes comprising anhydrite/gypsum-pyrite, tourmaline-quartz-pyrite and hydrothermal quartz sericite-pyrite breccias. Similar tourmaline-sulphide breccias are associated with the mineralization at the Cumobabi Mine located approximately 7.5 kilometres north of the drill area. About the Cumobabi ProjectThe Cumobabi copper project comprises a dominant land position consisti...