Apr 25 2019
Evrim Resources Corp. takes pleasure in announcing that it has bought the La Lola gold-silver project in northern Sonora, Mexico. In 2018, La Lola was identified and staked through creative programs from Evrim, and in 2019, it was fused through third-party agreements.
The project is situated along the northern Sierra Madre Gold Belt and comprises of a 5 x 5-km low-sulfidation vein field with historic workings.
- The project comprises the “La Barra” vein expanding for more than 5 km on the property’s west side and locally up to 40 m wide
- A large 6,309-ha land package prospective for low sulfidation epithermal gold and silver mineralization
- The project has not undergone any drilling or modern exploration
- Reconnaissance sampling shows high-grade precious metals within the La Barra vein system with a 58.0 g/t gold sample obtained from a historic dump and a 424 g/t silver sample from hanging wall structures
La Lola is the latest addition to the Company’s portfolio in the Rio Sonora Valley where Evrim has royalties on the Ermitaño deposit and Cumobabi project, a joint venture with Coeur Mining on the Sarape project, and the wholly owned Llano del Nogal project. Evrim recognizes this region as highly prospective for epithermal gold and silver discoveries, and our local experience and datasets help generate new opportunities for joint venture.
Charles Funk, VP of Exploration and New Opportunities, Evrim
The La Lola project is situated 10 km southeast of the town of Esqueda, northeast of SilverCrest’s Las Chispas deposit, north of Grupo Mexico’s La Caridad copper mine, and west of Oceanus Resources’ El Tigre epithermal vein project. This project has access to road and was historically mined for manganese and fluorite along the La Barra vein.
A soil survey performed systematically restored gold anomalies in the soil of up to 43 ppb gold along the La Barra vein (ranging between <5 and 43 ppb) and up to 123 ppb gold (ranging between <5 and 123 ppb) in the eastern Adaena alteration zone. A large silver anomaly of more than 500 ppb silver is found in the hanging wall to the La Barra vein. Quartz textures and pathfinder geochemistry show the shallow erosional level that could overlie a boiling zone bonanza target at depth.
Evrim is looking for a joint-venture partner to improve the project.