Investor Presentation May 2018
Forward Looking Information This presentation includes certain statements that may be deemed "forward looking statements". All statements in this presentation, 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.
Evrim – A Competitive Focus 100%-owned Cuale gold project Golden Triangle, British Columbia 6 Joint Ventures, regional alliance South Central BC Generative exploration British Columbia • Key mineral belts in western North America Golden Triangle , British Columbia (copper and gold) South Central BC , British Columbia (copper and gold) Laramide Laramide Porphyry Belt , northwest Mexico and Arizona Porphyry Belt, (copper and gold) Mexico Sierra Madre Occidental , western Mexico (gold and silver) Sierra Madre Occidental, Mexico
Cuale Project – New Gold Project in Mexico GOLD 100% owned by Evrim • High Sulphidation Epithermal (HSE) gold target in Southern Sierra Madre, Jalisco La India • HSE targets are known for their low cost, large scale and Mulatos long mine life El Sauzal • HSE deposits in Sierra Madre include • Goldcorp's El Sauzal (1.9 million ounces gold), • Alamos Gold's Mulatos (5.0 million ounces gold) • Agnico Eagle's La India (3.0 million ounces gold) Cuale *1% base metal NSR and 1.5% precious metal NSR payable to Altius Minerals
Cuale Project – Location • Two hour drive south of Puerto Vallarta • Agnico Eagle Mines' Barqueño project (663,000 oz gold, 2.2 Moz silver); • Endeavour Silver's Terronera project (311,000 oz gold, 37 Moz silver) • 97 km 2 claim size • Excellent infrastructure with roads and power crossing the property • No known prior exploration
Cuale Project – Initial Exploration
Cuale Project – Initial Exploration • Initial sampling identified gold in rocks and soils • Geological traverses identified a 3 x 3.5 km high sulphidation alteration zone • Phase One program commenced in December followed by Phase Two in February-March 2018
Cuale Project – Phase One Exploration Results • Initial sampling in 300m triangle of outcropping gold mineralization • Trenching indicates significant upside; • Trench #3: 0.61 g/t gold over 20 metres • Trench #2: 7.4 g/t gold over 9.4 metres • Trench #1: 0.53 g/t gold over 25.4 metres
Cuale Project – Phase Two Exploration Results • Shallow subcrop at top of La Gloria zone has allowed for trenching to be effective • Four trenches have been completed or extended in Phase Two Top Cut Au (g/t) Trench From To Width Au (g/t) Comment [Cut at 30.0 g/t] Trench 1 0 351.8 351.8 1.28 n/a Whole trench* Including 44.6 307.8 263.2 1.67 n/a Including 92.3 285.8 193.5 2.09 n/a Including 113.8 121.8 8 5.77 n/a And 157.8 277.8 120 2.46 n/a Including 187.8 199.8 12 4.25 n/a And 223.8 235.8 12 3.98 n/a And 269.8 277.8 8 5.22 n/a Trench 2 0 29.4 29.4 2.94 2.12 Whole trench (Overburden to west Including 11.5 29.4 17.9 4.55 3.21 exceeded reach by hand) Trench 3 0 53.7 53.7 0.28 n/a Whole trench* Including 21.7 36.7 15 0.76 n/a Trench 4 0 135.6 135.6 10.72 3.03 Whole trench* Including 29.4 135.6 106.2 13.61 3.80 Including 85.6 135.6 50 26.13 5.28 Including 100.6 108.1 7.5 163.3 24.3
Cuale Project – Geology • Geology from Phase Two is being compiled • Alteration is hosted in lithic and crystal tuff and felsic intrusive units • Alteration zones from an outboard and lower elevation low temperature propylitic zone inwards to a central core of high temperature clay and massive to vuggy saccharoidal quartz • High temperature alteration mapped over 2200 metre x 1500 metre area • Core ‘La Gloria’ zone contains strong gold
Cuale Project – Geology Trench 1 Vuggy quartz from Trench 3 Saccharoidal quartz and hematite from grading 9.1g/t gold sample in Trench 4
Cuale Project – Summary • Very early stage of exploration • Consistent, high grade mineralization at surface with IP giving confidence in depth potential • Classic high sulphidation textures, geochemistry and alteration • La Gloria zone a small part of a larger alteration zone that requires further exploration Next steps include: • Complete additional trenching, geophysics, soil survey, mapping; procure drill permits
Evrim Partnerships (past and present) Exploration Expenditures 2011-2017 YTD $22 million EVM Funded $4.75M 80% Partner Funded Partner Funded $17.25M
Value Creation Timeline Cumobabi (drilling) Axe Monetized Ermitaño Newmont (drilling) JVs Royalties (drilling/ Alliance royalty) Sarape (drilling) Cerro Cascaron Equity Equity (drilling) Longer Term Interests Interests Cuale JV Exploration Alliances Ball Creek 100% (drilling) SHORT TERM: < 18 mths MID TERM: 1.5-3 Yrs LONG TERM: 3 Yrs+
Ermitaño Royalty Sonora, Mexico GOLD Partnership with First Majestic Silver (TSX:FR) FR is earning a 100% interest subject to a production notice with supporting permits by January 2019 and a 2% NSR to Evrim • Epithermal gold target located three kilometres from Santa Elena mine boundary • Discovery drill hole EW16-04 grades 11.4 g/t gold and 86 g/t silver over 18 metres • Follow up hole EW16-05 grades 7.3 g/t gold and 72 g/t silver over 12.3 metres • Follow up hole EW16-06 grades 11.5 g/t gold and 633 g/t silver over 8.2 metres 2018 est program: 13,000m of drilling
Ermitaño West Long Section Mineralized zone is 590 metres long, up to 200 metres deep and averages 11 metres thick. Estimated 20,000+ metres of drilling in 2018
Sarape Project LOI Sonora, Mexico GOLD/SILVER Partnership with Coeur Mining (NYSE:CDE) CDE may earn up to an 80% interest for US$16.5M in exploration, US$2.4M cash, and a compliant feasibility study over ten years • Undrilled 5,776 hectare low-intermediate sulphidation epithermal gold-silver target • Located 40 km north of Ermitaño West discovery • Mercedes (Premier Gold) 1.6Moz gold and Llano del Nogal 17M ounces silver Sarape Mercedes (Premier Gold) Sarape • Santa Elena (First Majestic) 35M ounces silver and 0.5M ounces gold Santa Elena (First Majestic) 2018 est program: US$500K
Axe & Ball Creek Project JV’s British Columbia COPPER/GOLD Partnerships with Antofagasta plc AXE: 70% interest for US$50M on exploration , $800,000 cash, and a compliant PEA over 10 years BALL CREEK: Up to a 70% interest for US$31 million on exploration or a compliant PFS over 13 years • Copper-gold porphyry targets • Ball Creek in Golden Triangle and Axe in south central BC • Excellent access with local infrastructure • Up to $3.2 million in exploration in 2018 2018 est program: Up to 4,900m of drilling
Cerro Cascaron Chihuahua, Mexic o GOLD/SILVER Partnership with Harvest Gold (TSX.V:HVG) Sierra HVG may earn in up to 80% interest with $6M in exploration, Madre Mulatos Occidental Ocampo $1.1M cash, 2M shares to Evrim, and a compliant feasibility study Palmarejo over nine years El Sauzal Cerro • A 69 square kilometre low to intermediate sulphidation Cascaron epithermal gold target • Phase one exploration demonstrated the size potential of Metates the Cascaron vein field (18 square kilometres) Gulf of • The silver-rich Cascarita prospect encountered very high Tayoltita California silver and lead values 2018 est program: 3,000m of drilling 200km
Recommend
More recommend
