PRO :TSX 183 Meters at 1.00 g/t Gold


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1971 Postings, 6397 Tage DasMünzPRO :TSX 183 Meters at 1.00 g/t Gold

 
  
    #1
22.06.11 19:35
Pershimco First Drill Results on New Zones Show Positive Potential Upside with 183 Meters at 1.00 g/t Gold Equivalent at Cerro Quema (Panama)
6/15/2011 8:16:48 AM - Market Wire

PDH-11-006 confirms supergene and an important second sulphide-rich zone with Gold-Silver-Copper including 39m @ 1.3% Cu New assay results identified gold oxides in the Chontal target.

ROUYN-NORANDA, QUEBEC, Jun 15, 2011 (MARKETWIRE via COMTEX News Network) --

PERSHIMCO RESOURCES INC. (the "Company" or "Pershimco") (TSX VENTURE: PRO)(FRANKFURT: BIZ) is pleased to announce assay results from the 2011 exploration campaign at the Company's Cerro Quema Gold-Copper Project (the "Project") in Panama. Pershimco has already completed over half of the planned 6,000 metres diamond and Reverse Circulation drilling within the western 4 km segment of the east-southeast trending 17-kilometre Cerro Quema Gold-Copper Trend (the "Trend"), that includes La Pava, Chontal and Quema-Quemita targets (refer to the appended Figure 1 at the following address: http://media3.marketwire.com/docs/110615_PRO_F1.pdf). The aim is to expand the limits of the known mineralization outside the known limits of the historic mineralization.

The first assay results came from drill holes PDH-11-006 located at the northern edge part of the La Pava mineral resources limits (refer to the appended Figure 2 at the following address: http://media3.marketwire.com/docs/110615_PRO_F2.pdf), and PDH-11-001 at the Chontal target located roughly halfway between La Pava and Quema-Quemita. Refer to the table detailing the assay intervals from both drill holes.


--------------------------------------------------
---
                                 CORE
                  FROM     TO  LENGTH    G/T     G/T      %
DDH#                (m)    (m)     (m)   GOLD  SILVER COPPER      COMMENTS
--------------------------------------------------
La Pava Target
--------------------------------------------------
PDH-11-006          0.0   95.0    95.0   0.39    6.45   0.07    OXIDE ZONE
--------------------------------------------------
Gold
Equivalent(i)                            0.68
--------------------------------------------------
                  95.0  117.0    22.0   0.19    0.54   0.45 SULPHIDE ZONE
--------------------------------------------------
Gold
Equivalent(i)                            1.04
--------------------------------------------------
                 144.0  183.0    39.0   0.28    1.57    1.3 SULPHIDE ZONE
--------------------------------------------------
Gold
Equivalent(i)                            2.36
--------------------------------------------------
Chontal Target
--------------------------------------------------
PDH-11-001          0.0   19.0    19.0   0.41     n/a    n/a    OXIDE ZONE
--------------------------------------------------
(i) Gold Equivalent calculated using last 12 months average price at ; US
$1,446 / oz Gold, US $28.89 / oz Silver and US $4.52 / lb Copper, and is not
adjusted for metallurgical recoveries as these remain uncertain.
n/a - assays pending



Serge Biron, Pershimco's Exploration Manager in Panama, stated "Diamond drill hole PDH-11-006 was about completely mineralized from top to 183 metres whether in the oxide or sulphide zones, and has also confirmed the presence of multiple lenses of disseminated and vein-type copper sulphides ranging from 10 to 30 metres core lengths, below the oxide zone, with assays in the 0.5 to 3% Copper range. We now await results from the next drill hole PDH-11-009 that will help to define the Copper system extension to the North."

Mr. Biron added "The Chontal interval adds to the premise that the three western targets of Quema-Quemita, La Pava and Chontal are linked to the same mineralized system along a 4-kilometre segment which bodes well for the remaining 13 kilometres of the Cerro Quema Gold-Copper Trend."  

1971 Postings, 6397 Tage DasMünzResults of 75 Meters of 2.25 g/t Gold Equivalent

 
  
    #3
07.09.11 18:27

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