Pershimco Resources Inc.'s (PRO.V) announcement today about the discovery of higher grade gold at surface south of the La Pava Target pushed its share price higher by nearly 2%, edging near day low $1.07.
Today, the company said it has discovered higher grade gold at surface south of the La Pava Target during the 2011 exploration drilling at the Cerro Quema Gold-Copper Project in Panama. The success of the RC drilling at LaPava Target could have a significant and positive impact on the mineral resources in the oxide zone, the company added.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
