Evrim signs LOI with Coeur Mining, Inc. to option Sarape gold-silver project

2018-02-20_NR_EVM_2fZzTMUy

Vancouver B.C. — February 20, 2018 Evrim Resources Corp. (TSX.V:EVM) (“Evrim” or the “Company”) is pleased to announce that it has signed a Letter of Intent (the “LOI”) with a subsidiary of Coeur Mining, Inc. (“Coeur”) on the Company’s Sarape epithermal gold-silver project in Sonora, Mexico. Coeur may acquire up to an 80% interest in Sarape by spending US$16.5 million on exploration, making staged cash payments of US$2.4 million, and completing a National Instrument (“NI”) 43-101 compliant Feasibility Study on a minimum measured and indicated resource estimate of 1,000,000 ounces gold equivalent, within a ten-year period. Sarape is located in an emerging epithermal gold belt that hosts Premier Gold’s Mercedes Mine, First Majestic Silver’s Santa Elena Mine, and the Ermitaño gold discovery, a project under option to First Majestic Silver.

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