Pershimco Provides 2013 Exploration and Development Strategy Update
ROUYN-NORANDA, QUEBEC -- (Marketwire) -- 02/06/13 -- Pershimco
Resources Inc. (the "Company" or "Pershimco") (TSX
VENTURE:PRO)(FRANKFURT:BIZ) is pleased to provide details on its
strategic exploration and development plans for 2013.
-- January - June : 14,000 metres of drilling (Reverse Circulation "RC" and
Diamond Drilling "DD");
-- July - December : follow-up based on latest results;
-- Ground Induced Polarization ("IP") on Idaida and Pelona;
-- Deep drilling copper campaign;
-- Run of Mine ("R.O.M.") bulk testing (60,000 tons);
-- Continuous Vat Leach ("C.V.L.") bulk testing (60,000 tons); and
-- Roads and main plant site platform construction.
-- Osisko will pursue exploration on the Courville Gold Project.
At the Company's wholly owned Cerro Quema Project in Panama, the
first half of 2013 will be focused on maintaining the same aggressive
drilling pace as last year. The first half of the planned 14,000
drill program will involve further resource definition drilling on
the Quema/Quemita and La Pava deposits. Meanwhile, following last
year's successful airborne geophysics survey, numerous additional
targets have been discovered within the Company's 15,000 ha
concession package. Pershimco's ground IP team, which completed its
work on the Quema/Quemita deposit just before Christmas, has recently
begun working on these prospective new targets. The closest Idaida
target is being prepared and line cutting will then take place to the
East to cover the much larger La Pelona target. Detailed surface
mapping and sampling on both anomalies are also planned for these
areas. All of the geophysical and other data gathered from these two
target areas will provide valuable information to enable the Company
to optimize the 7,000 m of drilling planned on these two new targets
before mid-year. The attached regional map clearly identifies the
different working areas that will be covered in the upcoming months.
In Canada, the Company's partner, Osisko Mining Corporation, has
progressed to Phase 2 of the Joint Venture Agreement (see Pershimco
press release dated October 28, 2011) and will expand it
and drilling efforts over recently located targets within the
Courville Gold claim block. Drill rigs are already on their way as
ice bridges are being built in the -30 degree Celsius environment.
Pershimco's 2013 development program in Panama will also include two
bulk metallurgical tests of 60,000 tons each. One will be focused on
C.V.L. tests on the higher grade material, while the second bulk test
will evaluate the lower grade, heap leaching process on R.O.M. ore.
In parallel with these tests, the Company will mobilize heavy
equipment to commence construction of the principle haul road between
the La Pava deposit and the plant site platform area. Site
preparation will also be completed for the plant site area located
between La Pava and Quemita. This work includes cutting and leveling
the plant site area to meet design specifications.
Additional information on the 2013 program is also available on the
Company's website : www.pershimco.ca.
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 Company holds several mining properties in
Canada and South America, including the Cerro Quema advanced project
in Panama, which has received its extraction permits, as well as the
Courville Gold Project in the Val-d'Or Gold Mining Camp, being
ed in partnership with Osisko Mining Corporation. The Company's
highly-skilled and well-respected management team, which has
extensive mining, exploration and development experience, along with
its supportive investors, are the key to Pershimco's success and
The Company's documents are available on www.sedar.com.
Please visit the Corporation's website at www.pershimco.ca.
A map is available at the following address:
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 press
release. Statements made in this press 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.
Alain Bureau, P. Eng.
President and Chief Executive Officer
+1 (819) 797-2180
+1 (514) 993-4510
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