Pershimco Resources Inc.
TSX VENTURE : PRO
FRANKFURT : BIZ

Pershimco Resources Inc.

June 13, 2012 09:15 ET

Pershimco Updates on Cerro Quema Activities in Panama

ROUYN-NORANDA, QUEBEC--(Marketwire - June 13, 2012) - Pershimco Resources Inc. (the "Corporation" or "Pershimco") (TSX VENTURE:PRO) (FRANKFURT:BIZ) is pleased to comment the latest work accomplished on the 15,000 Ha of the 100 % owned Cerro Quema property. The Corporation has significantly advanced its samples reanalysis program and has incorporated the new protocol in the preparation lab facilities. Considering summer being the busiest months for laboratories work load due to the peak of the heavy drilling season, Pershimco's has been focused on their reanalysis program. The Corporation's current drilling results and reanalysis under the new protocol is under control. Pershimco expects the full reanalysis program to be completed before the end of August as well as a continuity of drilling results from its Cerro Quema project.

Laboratory Protocol

  • The 1,700 samples have all been identified, prepared accordingly and shipped to the Ancaster's Actlabs facilities in Canada.

  • The new essay protocol has now been implemented, involving two sequences of drying at 105°C : one before coarse crushing and one before pulverization.

  • The independent preparation facilities in Panama are presently running the new protocol for Cerro Quema's hygroscopic material and is also increasing the capacity of their operations in Panama.

Exploration & Development

  • Pershimco still progresses with four drill rigs on the Cerro Quema project and is presently building an additional geology team. The new team will be involved in the recognition, mapping and sampling of the newly discovered targets. As per the press release dated May 29th, 2012, Pershimco has numerous new geophysical targets with similar magnetic, radiometric and electromagnetic signatures as those over the La Pava and Quema/Quemita gold resources. Recent deeper drill holes logging also reported high percentage of sulfides in line with Pershimco's sulfides exploration. Final copper results are pending for those holes.

  • Engineering and metallurgy is progressing and the Corporation has also secured additional surface rights in Cerro Quema.

About Pershimco Resources Inc.

Pershimco Resources Inc. is a Canadian-based resources and exploration corporation listed on the TSX Venture Exchange and the Frankfurt Exchange. 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, being explored in partnership with Osisko Mining Corporation. The Corporation is managed by skilled and reputable people with extensive mining exploration and development experience. The Pershimco Team and its investors are the key to its success.

The Corporation's documents are available on www.sedar.com

Please visit the Corporation's website at www.pershimco.ca

Statements made in this news release that are not historical facts are "forward-looking statements" and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking" statement.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information