cuale gold project · two hour drive from puerto vallarta ... • excellent infrastructure with...
TRANSCRIPT
Cuale Gold ProjectJuly 2018
TSX.V:EVM
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“) expectsto 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 reasonableassumptions, such statements are not guarantees of future performance and actual results may differ materially from those in theforward looking statements. Factors that could cause the actual results to differ materially from those in forward looking statementsinclude market prices, exploitation and exploration successes, and continued availability of capital and financing, and generaleconomic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performanceand actual results or developments may differ materially from those projected in the forward looking statements. Forward lookingstatements 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 eventthat management's beliefs, estimates or opinions, or other factors, should change.
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TSX.V:EVM
Key Value Drivers
100%-ownedProjects
• Cuale HSE project• Jalisco, Mexico
Royalties
• Ermitaño deposit: 2% NSR
• Cumobabi project: 1.5% NSR
JV/Alliances
• Seven exploration partnerships
• $7-$8 million partner funding
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TSX.V:EVM
Current Operations
4Sierra Madre Occidental
Golden Triangle
South Central BC
Laramide Porphyry Belt
• Golden Triangle BC – Porphyry copper/gold‒ Antofagasta
• South Central BC – Porphyry copper/gold‒ Antofagasta
• Laramide Porphyry Belt – Epithermal gold and porphyry copper/gold‒ Coeur Mining and First Majestic Silver
• Sierra Madre Occidental – Epithermal gold‒ Cuale Project, Harvest Gold
• Gold alliances in the Americas‒ Newmont Mining
TSX.V:EVM
Cuale – Jalisco, Mexico
• High sulphidation epithermal gold target (HSE)
• Low cost, large scale, long mine life• Examples of HSE mines in Mexico
• El Sauzal (1.9M ounces gold)• La India (3.0M ounces gold)• Mulatos (5.0M ounces gold)
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100% owned by Evrim
*Subject to a 1.5% precious metal and 1.0% base metal royalty payable to Altius Minerals
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Cuale - Location
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Notable development projects• Agnico Eagle Mines' Barqueño project
(663,000 ounces of gold and 2.2 million ounces of silver)
• Endeavour Silver's Terronera project (311,000 ounces of gold and 37 million ounces of silver)
Two hour drive from Puerto Vallarta• 230 square kilometre claim size• Excellent infrastructure with roads and
power crossing the property• No previous exploration
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Cuale – La Gloria Prospect (looking west)
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La Gloria prospect
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Cuale – Reconnaissance Sampling 2017
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Gold in Rocks (g/t) N
2km
1.50 2.030.884.561.140.12
0.610.19
0.58
OPEN
OPEN
Gold in Soil (g/t) N
2km
4.062.30
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Cuale – Lithology Map
• Mapping defines a 4 km x 3.5 km rhyolitic volcanic centre
• Volcanic centre contains lapilli crystal tuff, lithic tuff, rhyolite flows, rhyolite and dacite intrusions, hydrothermal breccia, andesite and block and ash tuff
• Units form a dome field that was actively depositing tuff units and flows before, during and after the formation of a high sulphidation gold system
• Erosion and post mineralization faulting exposed the buried high sulphidation system
La Gloria trenches
IP Line 226350
IP Line 226400
N
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North Dome
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• Cover: Not an alteration zone but labelled as the post mineral cover contains abundant silica/AA clasts
• Silica: A late milky quartz with specular hematite overprints the saccharoidal quartz alteration and is commonly associated with drusy quartz veins
• Silica: Saccharoidal silica with specular hematite varying from massive to rarely vuggy. This style of alteration easily breaks to a fine sandy powder. Vuggy zones are less common but occur within this alteration.
• Advanced Argillic (AA): Pyrophyllite with minor dickite alteration on immediate margins of silica alteration
• Argillic: Bleached rocks due to kaolinite and illitealteration
• Propylitic: Typically below 1050 meters above sea level is distal chlorite and smectite alteration
Cuale – Alteration Map
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Cuale – Trenching 2018
106.2m @ 13.61 g/t Gold
50.0m @ 26.13 g/t Gold
29.4m @ 2.94 g/t Gold
25.0m @ 4.12 g/t Gold
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Cuale – Trench Photos
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Sampling Trench 1 Very fine gold panned from powdery saccharoidal quartz in Trench 4
Saccharoidal quartz and hematite from sample in Trench 4 grading 29.9 g/t gold
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Cuale – IP Geophysics
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Phyllite
La Gloria zone Vuggy Quartz (100 x 300m)Trench 1 and 4 samples plotted
Feeder target
Clay/Pyrite alt?
Tuff
Western resistivity anomaly
Massive Quartz Rib
Ohm metres
500m
• West and north-west of La Gloria zone is masked by units that cover the system; rhyolite flows, WifiTuff, He-Si breccia(?)
• La Gloria is a small erosional window into the mineralized part of system
• North north-east trending normal faults down-drop geology to the east of La Gloria zone
La Gloria zone – Trench 1 and 4 samples plotted
Massive Quartz RibPhoto taken looking to north. Skyline closely traces IP line
The photo is clipped to approximately match the eastings of the IP section below
IP line 226350 - Resistivity
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Cuale – Next Steps• Engagement with local community (Ejido) for
access and permitting• Mapping, trenching, a soil survey and geophysics
through July
• A 3,000 metre drill program is planned to start later in the summer
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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
AppendixRoyalties, Joint Ventures & Alliances
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Ermitaño Royalty
Partnership with First Majestic Silver (TSX.FR)• Earning a 100% interest subject a production
notice with supporting permits by January 2019 and a 2% NSR to Evrim
Maiden inferred resource announced March 2018• 40.8 million ounces silver equivalent or 562,000
ounces gold equivalent• Open at depth and to the westExcellent location• Four kilometres from mill at Santa Elena
16*Resource reported by FR on March 29, 2018 using $1,450/oz Au; $20/oz Ag
Up to 12,000 metres of drilling in 2018
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Axe & Ball Creek JVs
Partnerships with Antofagasta plcAXE – Porphyry copper-gold target
70% interest for US$50M on exploration, $800,000 cash, and a compliant PEA over 10 years
BALL CREEK – Porphyry copper-gold targetUp to a 70% interest for US$31 million on exploration or a compliant PFS over 13 years
• Excellent access and infrastructure• Over $3.2 million budgeted in 2018
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Up to 5,000 metres of drilling in 2018
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Sarape JV
Partnership with Coeur Mining (NYSE:CDE)• Earning up to an 80% interest for
US$16.5M in exploration, US$2.55M cash, and a compliant feasibility study over ten years
• Undrilled 5,776 hectare low-intermediate sulphidation epithermal gold-silver target
• Located 40 kilometres north of Ermitaño West discovery with Mercedes Mine (Premier Gold) and Santa Elena (First Majestic) in the area
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Drilling expected early 2019
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Cerro Cascaron JV
Partnership with Harvest Gold• HVG earning up to 80% interest with
$6M in exploration, $1.1M cash, 2M shares to Evrim, and a compliant FS over nine years
• A 69 square kilometre low to intermediate sulphidation epithermal gold target
• Cascaron vein field (18 square kilometres)
• The silver-rich Cascarita prospect contains very high silver and lead values
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Up to 3,000 metres of drilling in 2018
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Gold Alliance
Two-year $1.8 million exploration alliance signed in 2017 with Newmont Mining • Newmont may option any
project for cash payments and fund exploration and 43-101 pre-feasibility on minimum 2M+ oz gold for an 80% interest, over 10 years
• Evrim may at any time after two-year period exchange equity interest for 2% NSR with 0.5% buy-down for up to US$10 million.
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Generative gold exploration in the
Americas
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Board of Directors (non-executive)
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Paul van Eeden, B.Sc., Chairman & Director (Independent)• Independent businessman with over 25 years' experience• President of Cranberry Capital Inc., which, through its subsidiaries is involved in equity
financing, lending, M&A and consulting to mineral exploration companies
David Caulfield, P. Geo, Director (Independent)• Geologist, businessman and consultant to the mineral exploration industry for over 30 years• Co-founder of Rimfire Minerals and past President of Equity Exploration Consultants Ltd.
Served as the 2005 President of the Association for Mineral Exploration of British Columbia (AME BC).
John Thompson, Ph.D., Director (Independent)• Over 30 years’ experience in geoscience including working with BP Minerals Group (RioTinto), a
directorship with Mineral Deposit Research Unit (MDRU) at the University of British Columbia, and Chief Geoscientist with Teck.
• Principal of PetraScience Consultants, an exploration, development and technology consulting firm. He is also the Wold Professor of Environmental Balance for Human Sustainability at Cornell University.
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Management
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Paddy Nicol, MBA President & CEO
Mahesh Liyanage, CPA, CA Chief Financial Officer
Stewart Harris, B.Sc., P. Geo VP Technical Services
Alain Charest, B.Sc. VP Exploration Mexico
Charles Funk, B. Sc. Hons VP New Opportunities and Exploration
• Over 20 years of public company management
• Served on the boards of several exploration companies
• Over 20 years of experience
• The past 8 years as CFO of several exploration companies
• Over 25 years of mineral exploration experience
• Extensive experience in the Americas
• Over 30 years’ experience• Former CEO of Arcelia Gold Corp.
(private prospect generator in MX)• Record of discoveries
• Over 10 years of experience of exploration and project evaluation
• Wide range of experience in porphyry, epithermal and IOCG deposits.
TSX.V:EVM
Financial Data
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Capital Structure (01/06/2018)Shares O/S 79,392,249 Options 5,861,667 Warrants 6,390,705 Shares F/D 91,644,621
CashWorking Capital(01/06/2018)
$5.5 million
Monthly burn rate $200,000Insider Information
Altius Minerals 14.4%Adrian Day Asset Mgt. 16%Sprott Global 12%Management 10.5%