Welcome!

News Feed Item

Pershimco Provides 2013 Exploration and Development Strategy Update

ROUYN-NORANDA, QUEBEC -- (Marketwire) -- 02/06/13 -- Pershimco Resources Inc. (the "Company" or "Pershimco") (TSX VENTURE:PRO)(FRANKFURT:BIZ) is pleased to provide details on its strategic exploration and development plans for 2013.

Overview

Panama

--  January - June : 14,000 metres of drilling (Reverse Circulation "RC" and
    Diamond Drilling "DD"); 
--  July - December : follow-up based on latest results; 
--  Ground Induced Polarization ("IP") on Idaida and Pelona; 
--  Deep drilling copper campaign; 
--  Run of Mine ("R.O.M.") bulk testing (60,000 tons); 
--  Continuous Vat Leach ("C.V.L.") bulk testing (60,000 tons); and 
--  Roads and main plant site platform construction.  

Canada

--  Osisko will pursue exploration on the Courville Gold Project. 

Exploration Strategy

At the Company's wholly owned Cerro Quema Project in Panama, the first half of 2013 will be focused on maintaining the same aggressive drilling pace as last year. The first half of the planned 14,000 drill program will involve further resource definition drilling on the Quema/Quemita and La Pava deposits. Meanwhile, following last year's successful airborne geophysics survey, numerous additional targets have been discovered within the Company's 15,000 ha concession package. Pershimco's ground IP team, which completed its work on the Quema/Quemita deposit just before Christmas, has recently begun working on these prospective new targets. The closest Idaida target is being prepared and line cutting will then take place to the East to cover the much larger La Pelona target. Detailed surface mapping and sampling on both anomalies are also planned for these areas. All of the geophysical and other data gathered from these two target areas will provide valuable information to enable the Company to optimize the 7,000 m of drilling planned on these two new targets before mid-year. The attached regional map clearly identifies the different working areas that will be covered in the upcoming months.

In Canada, the Company's partner, Osisko Mining Corporation, has progressed to Phase 2 of the Joint Venture Agreement (see Pershimco press release dated October 28, 2011) and will expand its exploration and drilling efforts over recently located targets within the Courville Gold claim block. Drill rigs are already on their way as ice bridges are being built in the -30 degree Celsius environment.

Development

Pershimco's 2013 development program in Panama will also include two bulk metallurgical tests of 60,000 tons each. One will be focused on C.V.L. tests on the higher grade material, while the second bulk test will evaluate the lower grade, heap leaching process on R.O.M. ore. In parallel with these tests, the Company will mobilize heavy equipment to commence construction of the principle haul road between the La Pava deposit and the plant site platform area. Site preparation will also be completed for the plant site area located between La Pava and Quemita. This work includes cutting and leveling the plant site area to meet design specifications.

Additional information on the 2013 program is also available on the Company's website : www.pershimco.ca.

About Pershimco Resources Inc.

Pershimco Resources Inc. is a Canadian-based resources and exploration company listed on the TSX Venture Exchange and the Frankfurt Exchange. The Company holds several mining properties in Canada and South America, including the Cerro Quema advanced project in Panama, which has received its extraction permits, as well as the Courville Gold Project in the Val-d'Or Gold Mining Camp, being explored in partnership with Osisko Mining Corporation. The Company's highly-skilled and well-respected management team, which has extensive mining, exploration and development experience, along with its supportive investors, are the key to Pershimco's success and growth.

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

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

A map is available at the following address: http://media3.marketwire.com/docs/Map0206.pdf

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 press release. Statements made in this press 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.

Contacts:
Alain Bureau, P. Eng.
President and Chief Executive Officer
+1 (819) 797-2180
[email protected]

Richard Leroux
Investor Relations
+1 (514) 993-4510
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
DX World EXPO, LLC, a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of the 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to gre...
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...