Vancouver B.C. – July 17, 2017. Evrim Resources Corp. (TSX.V:EVM) (“Evrim” or the “Company”) announced the signing of a two-year Exploration Alliance agreement (the “Alliance”) with a wholly-owned subsidiary of Newmont Mining Corporation (“Newmont”). The Alliance will focus on generating Greenfield exploration opportunities in terranes favorable for world-class gold orebodies. Evrim and Newmont will co-fund the US$1,840,000 exploration program through a respective 30:70 funding allocation.
During the initial phase of the program, Evrim will undertake project identification, sampling and reconnaissance mapping with technical input from Newmont. The program will be further advanced by regional database compilation and target area geochemistry including Newmont’s proprietary bulk leach extractable gold (“BLEG”) analysis. The second year program will be dependent on results obtained during the initial phase along with follow-up mapping and sampling.