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Acquiring the 6,309-hectare La Lola project 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 recognises this region as highly prospective for epithermal gold and silver discoveries, and our local experience and datasets help generate new opportunities for JV," said VP of exploration and new opportunities Charles Funk.
The project contains the La Barra vein that extends for over 5km on the west side of the property and locally up to 40m wide.
Reconnaissance sampling indicated high-grade precious metals within the La Barra vein system with a 58g/t gold sample taken from a historic dump and a 424g/t silver sample taken from hanging wall structures, the company said.
The project has never seen any drilling or modern exploration.
Evrim (TSXV:EVM) said pathfinder geochemistry and quartz textures indicated the shallow erosional level that had the potential to overlie a boiling zone bonanza at depth.
The La Lola project is 10km southeast of Esqueda, and north of Grupo Mexico's La Caridad copper mine, northeast of SilverCrest's Las Chispas deposit, and west of Oceanus Resources' El Tigre epithermal vein project.
La Lola has road access and was historically mined for fluorite and manganese along the La Barra vein.
