PERSHIMCO RESOURCES INC. announces additional results from its drilling campaign as well as strong geophysical results which have been received on the airborne campaign covering its 100% owned Cerro Quema Project in Panama. Results of the preliminary geophysics signatures are considered very significant and Management has decided to immediately release the initial interpretation. Complementary information will be available during the upcoming weeks. A few days ago, Pershimco completed an airborne geophysics survey covering all of its 15,000ha Cerro Quema property covering the “Trend” including the LaPava and Quema targets as well as the continuity towards the east.
The survey has been realized by Geotech Ltd. from Toronto using, amongst other techniques, radiometric and magnetic signatures as well as VTEM procedures. Preliminary results already show a strong signature revealing a continuity along the east-west trend through the whole concession showing additional repetitive magnetic and radiometric signatures revealing similar anomalies as LaPava and Quema targets. These signatures will be focused on over the next months in order to build additional mineral resources to the project. South of the “Trend”, a significant high conductivity footprint has also been detected at depth. Pershimco is presently proceeding in the final treatment of the data. Geotech will complete detailed Resistivity Depth Imaging, which includes Resistivity Sections line by line to define the conductors’ geometry with depth, and also will complete 3D magnetic inversions. The footprint is also highlighted by Th-K ratio lows which correlate perfectly with the magnetic sources which will lead to a full analysis of all merged results including the ground IP realized earlier. The Corporation has posted on its web site a map resulting from the Mag survey. Additional tools and maps will be posted as they become available.Mr. Alain Bureau, President and Chief Executive Officer of Pershimco commented on the geophysics: “We were positive about the continuity of the “Trend” and this signature shows the fantastic potential of this oxide corridor. This project still has a lot to offer and to be discovered. The strong conductivity footprint observed south of LaPava also brings us additional information on our deeper sulfides systems.”