evolving exploration · 2019-01-03 · corporate presentation evolving exploration value through...
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Corporate Presentation
Evolving ExplorationV A L U E T H R O U G H D I S C O V E R Y
June 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 tooccur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, butnot always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" andsimilar 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 lookingstatements. Factors that could cause the actual results to differ materially from those in forward looking statements include marketprices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market orbusiness conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results ordevelopments may differ materially from those projected in the forward looking statements. Forward looking statements are based onthe beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required bysecurities laws, the Company undertakes no obligation to update these forward looking statements in the event that management'sbeliefs, estimates or opinions, or other factors, should change.
Evrim Resources – Value Drivers
Golden TriangleCopper/Gold
South Central Copper/Gold
LaramidePorphyry Belt
Copper/Gold
Sierra Madre OccidentalGold/Silver
100%-Owned ProjectsCuale HSE Gold Project – Recent Discovery
Near-Term RoyaltiesErmitaño Project – 40.8 Moz. Silver Equivalent*Cumobabi Project – Drilling program underway
Joint-Ventures/AlliancesSix Joint-Ventures and One Alliance>20,000 metres of drilling in 2018 [$7-8 mil in exploration]
Focused on key mineral belts in western North America
*Resource reported by FR on March 29, 2018using $1,450/oz Au; $20/oz Ag
Value Creation Timeline
Ermitaño (drilling/ royalty) Sarape
(drilling)
Axe(drilling)
CerroCascaron
(drilling)
Ball Creek(drilling)
NewmontAlliance
Longer Term JV Exploration
Royalties
EquityInterests
MonetizedJVs
Alliances
LONG TERM: 3 Yrs+MID TERM: 1.5-3 YrsSHORT TERM: <18 mths
EquityInterests
Cumobabi(drilling)
Cuale100%
Cuale Project – A New Gold Project in Mexico
• High Sulphidation Epithermal (HSE) gold target in Southern Sierra Madre, Jalisco
• HSE targets are known for their low cost, large scale and long mine life
• 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)
GOLD 100%-owned by Evrim
1% base metal NSR and 1.5% precious metal NSR payable to Altius Minerals(LSE) Deposits
Cuale project – Location
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)
• 230 square kilometre claim size
• Excellent infrastructure with roads and power crossing the property
• No previous exploration
Two hour drive south of Puerto Vallarta
Cuale Project – Exploration Results
Very fine gold without any coarse nuggets panned from powdery saccharoidal quartz in Trench 4
Cuale Project – Geophysics
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
• Induced Polarization survey includes a line through the trenching area
• Low chargeability suggests gold mineralisation will be oxidised which is favourable for metallurgy
• A 100m deep by 300m wide resistive zone (due to quartz?) immediately beneath the trenches will be the first drill target
La Gloria zone – Trench 1 and 4 samples plotted
Massive Quartz Rib
Photo taken looking to northwest. Skyline closely traces IP line 226350
The photo is clipped to approximately match the eastings of the IP section below.
Faults shown in the photo are offset to the east of the resistivity section due to the north-west view of the photo.
IP line 226350 - Resistivity
Cuale – Exploration Underway
• Community engagement• Soil sampling and mapping started• Geophysics and 650 metres of trenching May-June 2018• ~3,000 metres of drilling for summer once permits received
SUMMARY• Early stage of exploration. Drilling planned for summer 2018.• 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
Ermitaño Royalty Sonora, Mexico
Partnership with First Majestic Silver (TSX:FR)
FR is earning a 100% interest subject to a production notice with supporting permits by Jan. 2019 and a 2% NSR to Evrim
GOLD
*Maiden resource at Ermitaño West vein 40.8 million ounces silver equivalent with an average grade of 4.0 g/t gold and 68 g/t silver[approximately 562,000 gold equiv.]
*Resource reported by FR on March 29, 2018using $1,450/oz Au; $20/oz Ag
• New significant discovery on the Ermitaño property known as the "Aitana" vein
• Ermitaño West and Aitana veins lie only four kilometres south of the operating mill at Santa Elena and remain to be explored at depth and to the west.
Est 20,000+ metres of drilling in 2018
Estimated 20,000+ metres of drilling in 2018
Ermitaño West Long Section
Mineralized zone is 590 metres long, up to 200 metres deep and
averages 11 metres thick.
• Discovery drill hole EW16-04 grading 11.4 g/t gold and 86 g/t silver over 18 metres;
• Follow up hole EW16-05 grading 7.3 g/t gold and 72 g/t silver over 12.3 metres;
• Follow up hole EW16-06 grading 11.5 g/t gold and 633 g/t silver over 8.2 metres.
• 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
Sarape Project Sonora, Mexico
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
GOLD/SILVER
Sarape
Llano del Nogal
Mercedes (Premier Gold)
Santa Elena (First Majestic)
Sarape
US$500K in exploration in 2018
Axe & Ball Creek Project JV’s British Columbia
COPPER/GOLD
• 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
Partnerships with Antofagasta plcAXE: 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
Up to 4,900m of drilling in 2018
• A 69 square kilometre low to intermediate sulphidation epithermal gold target
• Phase one exploration demonstrated the size potential of the Cascaron vein field (18 square kilometres)
• The silver-rich Cascarita prospect encountered very high silver and lead values
Cerro Cascaron
El SauzalPalmarejo
OcampoMulatos
200km
SierraMadre
Occidental
Metates
Tayoltita
Gulf of
California
Cerro Cascaron Chihuahua, Mexico
Partnership with Harvest Gold (TSX.V:HVG)HVG may earn up to 80% interest with $6M in exploration, $1.1M cash, 2M shares to Evrim, and a compliant FS over nine years
GOLD/SILVER
3,000m of drilling planned in 2018
Multi-year Alliance with Newmont
• Two-year $1.80 million exploration alliance signed in 2017 with Newmont Mining
• Following two-year period, Newmont may option one or more projects for cash payments and solely fund exploration for 10 years until a NI 43-101 pre-feasibility study is defined on minimum 2M+ oz Au for an 80% interest
• Evrim may at any time after two-year period exchange equity interest for 2% NSR with 0.5% buydown for up to US$10 million.
Repeat business with major partners reflects Evrim’s generative capabilities
Partnerships (past and present)
Exploration Expenditures2011-2017 YTD $22 million
80%Partner Funding
PartnerFunding
$17.25M
EVM Funding$4.75M
Share Information
Shares
Total outstanding as at (05-17-2018) 79,227,757
Options 100,000 @ $0.18 5,825,000 @ $0.25 (5 years) 5,925,000
Warrants 6,491,864
Total with dilution 91,644,621
Working Capital $5.4 million
Current est. burn rate (including exploration and project acquisition costs)
$150,000
Insider ownership 10.0%
Altius Minerals 15.0%
Adrian Day Asset Mgmt. 17.5%
Sprott/Global Resource Ltd Partnership
~10.0%
More value accretive to hold EVM than a basket of junior explorers
Non-Executive Directors
Paul van Eeden, B.Sc., Chairman & Director (Independent)• Paul is an independent businessman with over 25 years' experience. He is the president of Cranberry Capital
Inc., which, through its subsidiaries is involved in equity financing, lending, M&A and consulting to mineral exploration companies.
• Paul is well known for his macro economic research on monetary inflation and the gold price.
David Caulfield, P. Geo, Director (Independent)• David, a co-founder of Rimfire Minerals Corporation (now Kiska Metals), plays an integral role in building the
business through its strategic partnerships. • Prior to Rimfire, he was the co-founder and President of Equity Exploration Consultants Ltd., a privately held
geological consulting firm. David served as the 2005 President of the Association for Mineral Exploration of British Columbia (AME BC).
John Thompson, Ph.D., Director (Independent)• John has 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.• John is the 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.