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Evrim Resources Reports Vale Relinquishes Option on Arroyo Amarillo Project
Vancouver, British Columbia--(Newsfile Corp. - June 6, 2013) - Evrim Resources Corp. (TSXV: EV...
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[{"type":"text","content":"\nEvrim Resources Reports Vale Relinquishes Option on Arroyo Amarillo ProjectVancouver, British Columbia--(Newsfile Corp. - June 6, 2013) - Evrim Resources Corp. (TSXV: EVM) (\"Evrim\" or the \"Company\") has been advised by partner Vale Exploration Canada Inc. (\"Vale\"), that it is relinquishing its option to earn up to a 70% interest in the Arroyo Amarillo project in Sonora, Mexico. Evrim President & CEO Paddy Nicol stated, \"We would like to thank Vale and their exploration team for their efforts on the Arroyo Amarillo project over the past two years. Their geophysical, geochemical, and mapping work will help contribute to our knowledge base of Arroyo Amarillo, the un-optioned San Nicolas project, and the greater Santa Rosa district. Evrim will now compile data received from Vale and determine the next steps for exploration at Arroyo Amarillo before seeking a new partner.\" About the Arroyo Amarillo Project The Arroyo Amarillo project covers approximately 200 square kilometres of underexplored ground located 180 kilometres southeast of Hermosillo. The project hosts polymetallic veins with significant silver values in widespread propylitic and phyllic alteration zones within Late Cretaceous andesite. This mineralization is interpreted to be the preserved top of a porphyry copper-molybdenum system that has never been tested below the polymetallic vein occurrences. Adjacent to the polymetallic veins are magnetic targets located in a graben filled with post mineral rocks that have not been tested either. Surface grab sampling at Arroyo Amarillo has returned values of up to 2.72 g/t gold, 1405 g/t silver, 1.19% copper, 16.15% lead, and 2.43% zinc. About Evrim Resources Evrim is a mineral exploration company with a diverse portfolio of quality gold and copper projects, and a geological database covering Mexico and portions of southwestern United States. Evrim's business plan is to generate exploration targets that it will advance through option and joint venture agreements with industry partners to create shareholder value. The projects generated to date form a solid foundation for Evrim's execution of the joint venture business model, which will be further enhanced by a pipeline of new internally developed projects. Qualified Person Statement Evrim's disclosure of technical or scientific information in this press release has ...