December 06, 2011 10:18 ET

Pershimco Drills 82 Meters of Sulfides at 0,51% Cu Equiv on LaPava East Including 8 Meters of 1.64% Cu

ROUYN-NORANDA, QUEBEC--(Marketwire - Dec. 6, 2011) - PERSHIMCO RESOURCES INC. (the "Company" or "Pershimco") (TSX VENTURE:PRO)(FRANKFURT:BIZ) is pleased to announce recent drilling results of its on-going campaign with 82 meters of sulfides at 0,51% Cu equiv on LaPava East including 8 meters of 1.64% Cu.

The short reverse circulation drill hole PRH94196 has been extended by diamond drill hole PDH11022 on the south flank of the eastern wing of the LaPava deposit. Intervals are detailed in the table included.

The first 72 meters of gold oxides reported at surface returned a grade of 0.39g/t Au followed by 82 meters of 0.51% Cu equivalent including a higher interval of 8 meters of 1.64% copper and 0.26g/t Au. Constant gold mineralization is still present at dept within the copper which also remains steady. The success of the RC drilling at LaPava Target could have a significant and positive impact on the mineral resources in the gold oxide zone as Pershimco continue to increase its knowledge on the sulfides copper-gold system. Lab results of 10 drill holes of 2011 are still pending.

2012 Additional Equipments:

Pershimco has recently signed two additional drill rigs which are being mobilized to Panama for its upcoming 30,000 meters drilling program bringing the total to 4 rigs exploring the property for 2012. As Pershimco is progressing with IP geophysics steadily on the western area of the 17Km mineralized trend (the Corridor), the Society will take advantage of the upcoming months to fly over clear skies an airborne geophysics covering the whole Corridor giving additional information's and targets.

Pershimco still focus on upgrading its 43-101 resources calculation in early 2012 as well as continuing its sustainable development within the surrounding communities. Strong relationship between Cerro Quema's workers and the community as been key to the success of the operations in 2011 on this fully permitted extraction concession.


Drill Hole # From
PRH94196 - PDH11022 0 72 72 0.39 - - - - LaPava East, Oxyde
PRH94196 - PDH11022 73 155 82 0.23 0.50 0.38 0.51 LaPava East, Sulfides
PRH94196 - PDH11022
102 110 8 0.26 0.38 1.64 1.78 LaPava East, Sulfides

Quality Assurance / Quality Control ("QA/QC")

Core from the diamond and RC drill holes are transported by Pershimco technical personnel from the drill sites to the Cerro Quema Core Shack. There, qualified geologists and technicians log, sample tag and half-split the core in 1 metre lengths using stationary saws. Individual sampled intervals of half-split core are then inserted in tagged and sealed plastic bags, and sent to the Activation Laboratories (Actlabs) sample preparation facilities in Panama. Individual samples are inventoried by Actlabs personnel, dried, finely crushed to 70% at <2 mm, then pulverized to 85% at <75 μm, and riffle-split to 150 grams. One standard, one Duplicate and one Blank are inserted every 15 samples. Prepared samples are then inserted in sealed 5-gallon plastic pails then shipped by courier services to the Activation Laboratories main facilities in Ancaster (Ontario, Canada) for assaying using the Multi-element ICP Method and the Pyro-analysis Method with Atomic Absorption Finish for Gold, Silver and Copper. Re-assays are done on samples with results greater than to 2.5 g/t Gold and greater than 10,000 ppm Copper.

The information contained in this news release has been reviewed and approved by Mr. Jean Lafleur, M. Sc., P. Geo., Vice-President Exploration and Director, a Qualified Person under NI 43-101 rules and standards.

About Pershimco Resources Inc.

Pershimco Resources Inc. is a Canadian-based resource and exploration corporation listed on the TSX Venture Exchange (TSX VENTURE:PRO) and the Frankfurt Exchange (FRANKFURT:BIZ). The Corporation holds several mining properties in Canada and South America including the extraction permitted Cerro Quema advanced project in Panama and the Courville Gold Project, in the Val-d'Or Gold Mining Camp, co-owned in partnership with Osisko mining corporation. The Corporation is managed by skilled, reputable people with extensive mining exploration and development experience. The Pershimco Team and our investors are the key to our success.

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