Evrim, Newmont grow NWT gold discoveries


Last updated 9/13/2019 at 4:18am

Evrim Resources Corp.

Evrim Resources and Newmont geologists seek gold mineralization at Astro during a reconnaissance program carried out in 2018.

Evrim Resources Corp. Sept. 5 said its 2019 drilling and sampling continues to affirm the gold potential along a 10-kilometer (six miles) structural corridor at its Astro project in the Northwest Territories.

Astro is the results of an alliance between Evrim and Newmont Goldcorp to explore for world-class carbonate-style gold deposits across a 23,250-square-kilometer (8,975 square miles) prospective land package that parallels the NWT-Yukon border.

This reconnaissance level exploration culminated in the acquisition of the 250-square-kilometer (96.5-square miles) Astro property, which is accessible from the seasonal Canol Road in the Yukon.

The 2019 program at Astro, which got underway in June, included a magnetic VTEM (electromagnetic) geophysical survey; detailed mapping; chip-channel and talus fine sampling; and an eleven-hole reverse circulation (RC) reconnaissance drilling program.

"Evrim completed a substantial amount of work at Astro this season, and results continue to highlight a structural corridor of gold prospects extending for at least ten kilometers," said Evrim Resources Vice President of Exploration Dave Groves.

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The helicopter-borne geophysical survey outlined a series of structurally controlled magnetic anomalies underpinning previously identified surface showings and gold-in-soil anomalies across the structural corridor at Astro.

Two of these prospective areas, Radio and Microwave, were targets of follow-up exploration this year.

Vertical chip-channel sampling carried out this year at Radio cut across 26 meters of magnetite-pyrite skarn that averaged 3.3 grams per metric ton gold, including six meters of 12.5 g/t gold.

The first Radio hole, RAD19-01, cut 10.7 meters of 1.36 g/t gold, including 3.05 meters of 3.13 g/t gold.

Chip-channel sampling at the Microwave prospect, which is a little more than five kilometers (3.1 miles) southeast of Radio, encountered 18 meters averaging 3.6 g/t, including six meters of 7.2 g/t gold; and eight meters averaging 3.1 g/t gold.

Ultraviolet, a new discovery about 1,000 meters southeast of the Radio prospect, was also tested this year.

Rock chip channels at Ultraviolet cut four meters averaging 6.1 g/t gold.

Gamma, another prospect area about 2,500 meters southeast of Ultraviolet, was also drilled this year.

Testing the north end of a 1,200-meter soil anomaly at Gamma, GAM19-01 cut 6.1 meters averaging 1.04 g/t gold.

"The RC scout drilling program focused primarily on testing stratigraphy in proximity to prospects and identified several new gold-bearing zones, including an interval of mineralized granodiorite east of Radio and silicified siltstone in a range-bounding fault at Gamma," said Groves. "These results, together with the mapping and sampling program that identified the UV prospect and gold-bearing quartz veining above Radio, are beginning to outline an extensive gold system along the eastern margin of the Border pluton."

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Evrim and Newmont Goldcorp said they are committed to developing a positive and mutually beneficial relationship with local First Nations based on respect and transparency. Astro is located within the traditional territory of the Sahtu Dene and Metis Comprehensive Land Claim, a 1993 agreement that covers 41,437 km² of land in the Mackenzie River Valley area of Northwest Territories.


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Evrim Resources Corp.


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