Pershimco Announces 'In-Pit' NI 43-101 Resource Estimate Totalling 570,100 Indicated Au Ounces & 167,800 Inferred AuEq Ounces
(firmenpresse) - ROUYN-NORANDA, QUEBEC -- (Marketwire) -- 09/20/12 -- Pershimco Resources Inc. (the "Corporation" or "Pershimco") (TSX VENTURE: PRO) (FRANKFURT: BIZ) announces the completion of it's National Instrument (NI) 43-101 2012 Mineral Resource Estimate Update at its 15,000 Ha 100% owned Cerro Quema Property, Panama, which was completed by P&E Mining Consultants Inc. ("P&E") of Brampton Ontario. The Cerro Quema Property hosts the La Pava, Quema Quemita and La Mesita Zones.
Highlights from the updated Mineral Resource:
Table 1: Mineral Resource Summary for La Pava, Quema Quemita and La Mesita Zones
Resource Estimate Notes and Parameters
This Mineral Resource update also highlights potential operational advantages for the Corporation's Cerro Quema Project:
Alain Bureau, P.Eng, Pershimco's President and CEO commented: "We are pleased to have almost tripled our overall resources since our last mineral resource estimate in 2011 and in doing so maintained high quality in-pit ounces. As the Corporation moves closer to a Preliminary Economic Assessment, we are very encouraged that we now have a solid low strip 'in-pit' resource with high grades sitting on surface that provides us with a good starting point to go forward with future project development. As reported in recent press releases, our ongoing drilling programs also continue to yield favorable results. In addition, we have two close proximity drill ready targets to access as soon as we finalize the current program. The project has approved environmental and gold exploitation permits and benefits from the potential operational advantage of having a paved road from the Pan-American highway to within 7 km of the proposed plant site and pit".
Quality Assurance / Quality Control ("QA/QC")
Drill core from the diamond drill holes and cuttings from reverse circulation (RC) drill holes are transported by Pershimco technical personnel from the drill site to the core and sample preparation facility on site. Once there, geologists and qualified technicians log, sample tag and half-split the diamond drill core in 1 meter lengths using stationary saws. Individual sampled meter intervals of split core and RC chips are then put in tagged and sealed plastic bags with a standard, duplicate and blank inserted at regular intervals. The prepared samples are then sent to the Activation Laboratories (Actlabs) sample preparation facilities in Panama. Individual samples are inventoried by Actlabs personnel, dried, finely crushed to 70% at less than 2 mm, then pulverized to 85% at less than 75 um, and riffle-split to 150 grams. Prepared samples are then placed into sealed 5-gallon plastic containers and shipped by courier services to the Activation Laboratories main facilities in Ancaster (Ontario, Canada) for assaying using a multi-element ICP method and fire assay method with atomic absorption finish for Gold, Silver and Copper. Over limit assays are done on samples with results greater than 2.5 g/t. The sample preparation protocol also requires that samples be dried at 125 degrees Fahrenheit just prior to crushing and also immediately before pulverizing.
Qualified Persons
The Mineral Resource calculations were completed by P&E Mining Consultants Inc. of Brampton, ON, Canada under the direction of Eugene Puritch P.Eng., an independent Qualified Person ("Q.P,") under NI 43-101 guidelines. The content of this press release was reviewed and approved by Mr. Puritch.
About Pershimco Resources Inc.
Pershimco Resources Inc. is a Canadian-based resources and exploration company listed on the TSX Venture Exchange and the Frankfurt Exchange. The Corporation holds several mining properties in Canada and South America, including the extraction permitted Cerro Quema advanced project in Panama and the Courville Gold Project, in the Val-d'Or Gold Mining Camp, being explored in partnership with Osisko Mining Corporation. The Corporation is managed by skilled and reputable people with extensive mining, exploration and development experience. The Pershimco Team and its investors are the key to its success.
The Corporation's documents are available on
Please visit the Corporation's website at
Statements made in this news release that are not historical facts are "forward-looking statements" and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking" statement.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Contacts:
Alain Bureau, P. Eng.
President and Chief Executive officer
+1 (819) 797-2180
Richard Leroux
Investor Relations
+1 (514) 993-4510
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Datum: 20.09.2012 - 13:27 Uhr
Sprache: Deutsch
News-ID 185363
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contact information:
Town:
ROUYN-NORANDA, QUEBEC
Kategorie:
Mining & Metals
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