Evrim Resources Corp.announces exploration starts at cumobabi
Wednesday, Apr 18, 2012VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 16, 2012) - Evrim Resources Corp. (TSX VENTURE:EVM) ("Evrim" or the "Company") is pleased to announce the start of the 2012 exploration program at the Cumobabi copper - molybdenum porphyry project in Sonora, Mexico. The exploration program is a joint effort between Inmet Mining and Evrim and is subject to an option agreement announced in February 2011.
The 2012 exploration program will consist of approximately 100 line-kilometres of pole-dipole Induced Polarization geophysics in conjunction with detailed geological mapping to define new drill targets and refine drill targets previously identified in the 2011 program. Exploration in 2011 consisted of mapping, geochemical sampling and ZTEM geophysics over the entire 407 square kilometre property. Line cutting is currently underway and the program is expected to be completed by the end of July. Compiled data will then be analyzed to determine which drill targets warrant testing later in 2012. The approved budget for this phase of exploration at Cumobabi is approximately $1.12 million.
"The exploration at Cumobabi in 2011 was a property wide reconnaissance program aimed at identifying targets and/or areas for drill testing. This year, we are taking the next step to refine those targets, with a plan to drill test them later in 2012," commented Paddy Nicol, President and CEO. "Further we are pleased to have an excellent partnership with Inmet Mining, who has taken a dedicated and systematic approach to exploring such a large amount of prospective ground at the Cumobabi project."