EVR reports significant copper equivalent intersections at Parag Project, Peru

Project Name: Parag Project
Project Location: Peru
Project Stage: Exploration

ProjectBank Summary:
EV Resources Limited (ASX: EVR) is pleased to announce the first results from its initial drilling at the Parag Project in Peru. The maiden drilling campaign, consisting of 7 diamond drill holes totaling 1980 meters, has returned significant copper equivalent (CuEq) intersections from near surface.

EV Resources Highlights:

• Hole APG-DDH-001 at Parag has assayed 332 metres at 1.36% CuEq from 3.2m.

  • Includes intersections of 44 metres grading 2.18% CuEq from 3.2 metres to 47.2 metres.

  • 24 metres at 2.94% CuEq from 7.2m to 31.2m.

  • 86 metres grading 2.14% CuEq from 56.2 metres to 141.2 metres.

  • 50 metres grading 1.58% CuEq from 209.2 metres to 259.2 metres.

• Assays are awaited on the remaining 144 metres of the hole, which was drilled to a depth of 479.4 metres.

• Drilling to resume in May after the end of the wet season.

MD/CEO Statement:
Hugh Callaghan, Managing Director, commented: "The high-grade intersections substantiate Parag’s status as the Company’s flagship project. Delivering these high grades over the length of the intersections reported from near surface is very exciting as it supports our geological model and warrants further exploration and drilling. The higher copper grades and higher copper-molybdenum ratios recorded at depth are consistent with our view of the potential for a deeper-lying porphyry orebody below the zone of high-grade breccia structures."