Pershimco Resources Inc. (PRO.V) today reported the completion
of its National Instrument (
) 43-101 2012 Mineral Resource Estimate Update at its 15,000 Ha
100% owned Cerro Quema Property, Panama.
The Cerro Quema Property hosts the La Pava, Quema Quemita and La
Highlights from the updated Mineral Resource:
- All resources reported are within an optimized pit shell;
- Indicated oxide gold mineral resources increase from 256,000
to 513,100 Au Oz's;
- Indicated oxide and sulphide resources total 570,100 Au Oz's
increasing by 123%;
-Inferred resources total 167,800 AuEq(10) Oz's;
-Previous mineral resource calculation (2010) gives a gold
discovery rate of 14.7 Oz's per meter drilled;
-Gold discovery rate has increased to 17.5 Oz's per meter
-The recently drilled 9,020 meters is not included in this
mineral resource estimate but will be included in the next resource
Four drill rigs are still expanding the two targets : LaPava and
More than 180,000 shares have been traded so far.
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