By Kalwinder KaurSep 15 2012
Pershimco Resources, a Canada-based resources and exploration firm, has reported further results from the reverse circulation (RC) resource definition and diamond drilling campaigns, which are currently being conducted at the 15,000 ha Cerro Quema property.
The company encountered 1.54 g/t gold over 36 m from surface in hole PRH-12141; and 1.47% copper over 18 m in hole PDH-12057 at the La Pava deposit. These intercepts are considered to be more significant. These drilling results show mineralization continuity, as the drill campaign strives to step-out and focus on regions of E-W and N-S of popular mineralization.
Pershimco received considerable intercepts in holes PRH-12139, which yielded 2.43 g/t gold over 17 m from surface in the oxide zone, and PRH-12147, which yielded 0.55 g/t gold over 90 m from surface in the oxide zone.
These holes are step-out holes drilled at the respective southern and northern sides in the Quema-Quemita deposit. The hole PRH-12139 indicates high-grade material in good thickness on the surface, while the hole PRH-12147 highlights the deposit’s low-grade bulk tonnage component.
The company has proposed to conduct further drill holes in order to follow-up these results, while the current step-out campaign is currently ongoing.
According to Pershimco's CEO and President, Alain Bureau, P.Eng, the present drill campaign is consistently producing solid results, as the company systematically tests the project resources containing copper and gold. The step-out holes are continuing to intersect mineralization of commercial grade and the company is elated over this prospect.
Source: http://www.pershimco.ca/
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