Pershimex Resources Corporation declared that the Restoration Plan for the Pershing-Manitou mine site, which was submitted in June 2021, has been approved by the Ministère de l'Energie et des Ressources Naturelles du Québec.
Pershimex’s plan is straightforward and meticulous. The plan will, among other things, permit the safe extraction of a sample of 5,000 tons of measured gold mineralized material in compliance with existing environmental standards. The Mineral Resource Estimate (MRE) presented in January confirms the existence of 9,200 tons of measured grade gold resources grading 7.2 g/t gold, totaling over 2,000 ounces.
As the mineralized zone is already exposed on the surface, the result will be a trench that will be secured and fenced.
The mineralized material will be analyzed at the Sleeping Giant mill, a gold plant particularly well suited to the type of material displayed at the Pershing-Manitou mine site, following the letter of agreement with Abcourt Mines Inc.
Despite Abcourt Mines Inc.’s recent announcement of a change in management, Pershimex has received confirmation that the agreement made with the company’s management continues to remain valid. Mr. Pascal Hamelin, a Pershimex director, was recently appointed Chief Executive Officer of Abcourt Mines Inc.
The Approval of the Restoration Plan by the Ministry is the cornerstone for the completion of Phase 2 of the Corporation's development plan. Other authorizations required for bulk sampling are subject to this approval. The processing of mineralized material from the Pershing-Manitou site will be carried out at the Sleeping Giant mill, owned by Abcourt Mines Inc.
Robert Gagnon, President and Chief Executive Officer, Pershimex Resources Corporation Inc.
The Corporation congratulates Mr. Pascal Hamelin, Director of Pershimex, on his appointment as the new Chief Executive Officer of Abcourt Mines Inc.