Work begins on estimating the Mineral Resource of the Surface Crown Pillar of the former Pershing-Manitou Mine
19 Enero 2021 - 9:42AM
Pershimex Resources Corporation
(« Pershimex » or « the company ») (TSX
VENTURE: PRO) announces that it has just begun work to estimate the
mineral resource contained in the surface crown pillar of the
former Pershing-Manitou mine in accordance with standard 43-101.
The mandate was entrusted to the firm
Solution 3D Geo
Inc. (
3DGS) from Val d'Or for the
completion of this important work which is essential for the
completion of Phase 2.
Phase 2 of our ambitious Courville project aims
to confirm and validate the presence of the historic mineral
resource contained in the surface crown pillar of the former
Pershing-Manitou mine. The goal of this project is to make a
comparison between the amount of gold predicted by this calculation
and the amount of actual gold contained in the pillar once it is
mined. Historical reports at the time, which are non-compliant with
standard 43-101, mention the presence of 43,350 tons at 7.8 g/t of
gold for a total of about 10,000 ounces of gold contained in the
surface pillar of the former mine. The qualified person
responsible for this press release has not done enough work to
classify the historical estimate as a current resource and the
company does not treat the historical estimate as a current
resource given the working methods in place during historical
calculations. 3DGS' resource assessment work will, among other
things, build a valid and independent resource model, based on
drilling done by Pershimex last winter. The assessment of the
economic parameters as well as the creation of the pit shell will
be carried out by the engineering firm BBA in collaboration with
3DGS. All of this work will finally result in a comprehensive
resource assessment report that complies with the 43-101 standard
required to obtain approvals for further exploration work.
Robert Gagnon, president and CEO, stated: « We
are pleased to partner with a resource valuation firm like Solution
3D Geo Inc. which is an ambitious, highly competent and dynamic
company. This association will allow us to significantly advance
our project to extract the surface crown pillar of the old
Pershing-Manitou mine in the context of a high gold price. We have
enough funds in the bank with more than $1.5 million to begin
engineering work and obtain the necessary permits to carry out
it. »
This press release was prepared by Robert
Gagnon, a professional geologist and president of Pershimex, a
qualified person under Regulation 43-101.
For more information, please
contact: |
|
|
Robert Gagnon, PresidentTél.:
(819) 825-2303 |
Jacques Levesque, CFOTél: (819) 797-4354 |
Warning
The TSX Venture Exchange and its regulatory
service provider (as expressed in the policies of the TSX Venture
Exchange) assume no responsibility for the relevance or accuracy of
the information contained in this press release.
The facts in this press release that are not
historical facts are "forward-looking statements" and readers are
cautioned that such statements are not a guarantee of success and
that future developments and results may differ from those
projected in these forward-looking statements.
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