Posted in | Gold | Copper

Pershimco Reports on Drilling at LaPava East

Pershimco Resources Inc. has announced recent drilling results of its on-going campaign with 82 meters of sulfides at 0,51% Cu equiv on LaPava East including 8 meters of 1.64% Cu.

The short reverse circulation drill hole PRH94196 has been extended by diamond drill hole PDH11022 on the south flank of the eastern wing of the LaPava deposit. Intervals are detailed in the table included.

The first 72 meters of gold oxides reported at surface returned a grade of 0.39g/t Au followed by 82 meters of 0.51% Cu equivalent including a higher interval of 8 meters of 1.64% copper and 0.26g/t Au. Constant gold mineralization is still present at dept within the copper which also remains steady. The success of the RC drilling at LaPava Target could have a significant and positive impact on the mineral resources in the gold oxide zone as Pershimco continue to increase its knowledge on the sulfides copper-gold system. Lab results of 10 drill holes of 2011 are still pending.

2012 Additional Equipments:

Pershimco has recently signed two additional drill rigs which are being mobilized to Panama for its upcoming 30,000 meters drilling program bringing the total to 4 rigs exploring the property for 2012. As Pershimco is progressing with IP geophysics steadily on the western area of the 17Km mineralized trend (the Corridor), the Society will take advantage of the upcoming months to fly over clear skies an airborne geophysics covering the whole Corridor giving additional information's and targets.

Pershimco still focus on upgrading its 43-101 resources calculation in early 2012 as well as continuing its sustainable development within the surrounding communities. Strong relationship between Cerro Quema's workers and the community as been key to the success of the operations in 2011 on this fully permitted extraction concession.



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