VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 5, 2012) - Evrim Resources Corp. (TSX VENTURE:EVM) ("Evrim" or the "Company") is pleased to announce that it has signed an option agreement (the "Agreement") with Inmet Mining Corporation ("Inmet") on the Company's Cardeleña copper porphyry project in Sonora, Mexico. Inmet may acquire a 60% interest by conducting C$4,000,000 in exploration and making cash payments totalling C$80,000 over a six-year period.
About the Cardeleña Project
The Cardeleña project covers 29 square kilometres of prospective ground immediately west of the Adriana system that is currently being explored by Inmet Mining on the Company's Suaqui Verde project. The geology underlying Cardeleña consists of Cretaceous andesite volcanic centres intruded by Laramide age equivalent rocks prospective for copper porphyry systems, and covers a fault bounded basin filled with post Laramide aged volcanic rocks and gravels. Exploration of this basin for porphyry copper systems beneath the post-mineral cover, as well as additional work at the Adriana system, will form an important component of the exploration strategy at Cardeleña.
"Exploration work on Cardeleña will be done in conjunction with the work planned on Suaqui Verde in 2012," commented Paddy Nicol, President and CEO of Evrim. "The geochemical and geophysical work, and drilling completed in 2011 and early 2012 provide a solid foundation to launch the next series of exploration initiatives for both projects. Including our other outstanding option agreements with Inmet and Vale (Exploration) Canada Ltd., Evrim now has four active partnerships in the Sonora Copper Porphyry Belt, and an ongoing exploration alliance with Newmont (Exploration) Ltd. in the Trans Mexican Volcanic Belt."
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 south western 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
The content of this release has been reviewed by Stewart Harris, P.Geo., General Manager, Exploration for the Company. Mr. Harris is a Qualified Person as defined under the terms of National Instrument 43-101.
For further information on Evrim please visit www.evrimresources.com.
On Behalf of the Board
EVRIM RESOURCES CORP.
Paddy Nicol, President & CEO
Forward Looking Information
This news release includes certain statements that may be deemed "forward looking statements". All statements in this news release, other than statements of historical facts, that address events or developments that Evrim Resources Corp. (the "Company") expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.
Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.