Evrim drills 14 m of 1.92 g/t Au at Cuale
EVRIM RESOURCES Corp. has released initial drill results from the Cuale high-sulphidation epithermal gold project in Jalisco, Mexico. The company has received assay results from four of the first five drill holes targeting the La Gloria prospect. A total of 1,167 metres have been completed of a planned 3,000-metre program. Drill intersection highlights Drill hole GLR18-01:
• 14.0 metres grading 1.92 grams per tonne gold from surface and 10.2 metres of 1.58 per cent copper from 238.8 metres downhole. Drill hole GLR18-02:
• 17.0 metres grading 0.52 g/t gold from surface. Drill hole GLR18-03:
• 29.0 metres grading 0.87 g/t gold from 6.0 metres downhole.
Paddy Nicol, president and chief executive officer of Evrim, commented: “Unfortunately the gold grades in the first few drill holes were significantly less than that encountered in the trenches at La Gloria. The drill rig is currently turning near the North Dome where we have additional targets and we are continuously evaluating our exploration program as results are received.” About the Cuale drill program
The drill holes completed to date have intersected volcanic fragmental rocks, all of which have been variably altered and represents part of a significant hydrothermal system. Drill holes GLR18-01, GLR18-02 and GLR18-03 were designed to form a section beneath trench 4 and intersected a 28-metre-to-32-metre true thickness of quartz-hematite breccia from surface. The breccia is predominantly clast supported with 1.0-millimetreto-20-centimetre subrounded clasts of quartz with interpreted pyrophyllite/ dickite and specular hematite in an earthy hematite matrix. This unit hosts the gold mineralization observed in trenching and drilling. Gold correlates with elevated silver, bismuth, molybdenum, lead and antimony. Beneath this unit is a 3.0-metre band of massive quartz and interpreted pyrophyllite/dickite alteration that has pervasively replaced an earlier tuff unit. Underlying this breccia is a 128-metre-to-175-metre true thickness of felsic lithic tuff that is strongly altered by quartz, chlorite and pyrite, explaining the strong resistivity targeted in these holes. The pyrite in this zone also coincides with a weak chargeability anomaly. Beneath this unit is a fine-grained crystal tuff with a true thickness of 20 metres to 28 metres with a zone of intense pyrite, chalcopyrite and chalcocite at the lithic tuff — crystal tuff contact. This contact is the location of the copper intersections in holes GLR18-01 and GLR18-02. At the base of the three holes is a coarse-grained tuff unit with abundant quartz eyes (5 per cent to 20 per cent) and strong quartz and chlorite with minor pyrite alteration. Drill holes GLR18-04 and GLR18-05 are stepout holes toward the north. These holes define a similar sequence of breccia and tuff units although the quartz-hematite-altered breccia thickens to the north, increasing to a true thickness of 76 metres in hole GLR18-05. Unlike the first three holes, gold mineralization in GLR18-05 is only minor. The depth of oxidation increases to the north while the underlying lithic tuff unit thins notably. Additional targets include the North Dome area where a postmineral breccia contains 30 per cent to 90 per cent quartz-altered clasts, up to 1.5 metres in size, that contain gold grades from below detection to 11.90 g/t gold (19 of 63 rock chip samples are greater than 0.25 g/t gold). The breccia is also believed to have sampled a mineralized zone beneath the surface representing a target at depth. Core samples were delivered to ALS Global in Guadalajara, Jalisco, for sample preparation and to the ALS laboratory in North Vancouver for analysis. The Guadalajara and North Vancouver facilities have ISO/IEC 17025:2017 certification. Field duplicate samples, blank rock samples and certified reference materials were inserted into the sample sequence each at a frequency of one per 20 samples. Samples were assayed for gold b y 30-gram fire assay and multielement analysis by four-acid and ICP (inductively coupled plasma) analysis.
(See EVM Table 1 on page 14)
About the Cuale property The Cuale project is 100 per cent owned by Evrim and comprises a 232-square-kilometre property prospective for high sulphidation epithermal gold mineralization. The project is located 185 kilometres west of Guadalajara and 35 kilometres southeast of Puerto Vallarta in the Cordillera Madre del Sur. Regionally, the project is located within the Talpa de Allende area of Jalisco near Agnico Eagle Mines’ Barqueno project (645,000 ounces gold and 38 million ounces silver) and Endeavour Silver’s Terronera project (436,000 ounces gold and 42 million ounces silver). The area is close to infrastructure with roads and power lines crossing the property.