Pershimco Resources Inc. (CVE:PRO) reported assay results from the 2011 exploration campaign at its Cerro Quema Gold-Copper Project in Panama.
Pershimco Resources Inc. (TSXV:PRO) reported assay results from the 2011 exploration campaign at its Cerro Quema Gold-Copper Project in Panama.
The press release is quoted as saying:
The new assay results, part of the Quema Target validation drilling includes a higher-grade surface intercept of 36 meters at 3.61 g/t Gold and 94 meters at 0.93 g/t gold. These new results are part of the most eastern drilling holes done by Pershimco to date.
These new vertical holes drilled on the Quema Target brings the longitudinal footprint to over 4.3 kilometers including the LaPava Target at the western end where the two drill rigs are presently working. The exercise of these reverse circulation (RC) drill hole where to rapidly validate the oxide gold cap on the Quema-Quemita gold oxide cap in order bring the resources to a 43-101 industry standard. In the process, the RC hole PRH11009 was stopped in the supergene layer for mechanical reasons giving 3 meters of 1.66% Copper with 0.57g/t Gold and 2g/t Silver.