Pershimex Intercepts 7 g / t Gold Over 10.1 Meters Below the Surface Pillar of the Former Pershing-Manitou Mine
18 Mayo 2021 - 7:45AM
Pershimex Resources Corporation ("Pershimex" or the "Company") (TSX
VENTURE: PRO) is pleased to announce the first results of the
drilling campaign carried out in the spring of 2021. The primary
objective of this campaign was to confirm the continuity at depth
of the mineralized zones contained in the surface pillar of the
former Pershing-Manitou mine.
A total of 12 holes were drilled for a total of
1,879 meters. Hole PM-21-03 intersected
7 g / t gold over 10.1 meters in a
significant mineralized envelope grading 3.07 g / t gold
over 25.4 meters. Hole PM-21-02 returned
1.59 g / t over 4.9 meters in a mineralized
envelope grading 0.5 g / t gold over 28.3 meters.
Holes PM-21-02 and PM-21-03 confirm a trend generally observed in
the Abitibi gold deposits, namely an increase in depth in the gold
grade and an increase in depth in the thickness of the zones
mineralized. These holes were drilled on the same
drilling site but with a different dip (- 63 and -73).
They aimed to confirm the presence of gold mineralization at depth
under the surface pillar of the former Pershing-Manitou mine (below
100 meters). Drill hole PM-21-02, from 145 to 175 meters deep,
intersected an important mineralized section containing quartz
veins and veinlets with a small amount of pyrite and only a few
small spots of native gold. Exactly under this hole but at -73
degrees dip, hole PM-21-03 intersected the same mineralized
envelope, but in a more intense way, with an increase in quartz
veins and veinlets, as well as a marked increase in the pyrite
content combined with an increase in the number of native gold
grains.
The first hole (PM-21-01)
deviated sharply and was stopped. Despite the fact that it has
almost exclusively intersected lithologies generally less favorable
to the presence of gold mineralization (mafic volcanic), gold
values were intercepted: 1.88 g / t gold over 1.4
meters. This is the first significant gold intersection at
west of the old mine shaft and may correspond to the western
extension of one of the mineralized structures.
Table 1 shows the best gold
intersections from holes PM-21-01, PM-21-02 and PM 21-03.
Intersections do not represent the actual thickness of the
mineralization. Figure 1 shows the section view of
holes PM-21-02 and PM-21-03.
Table 1: Mineralized
intersections
Holes#DDH |
From (m) |
To(m) |
Mineralized Envelope (g/t
Au) |
From(m) |
To(m) |
Main Gold Zones |
PM-21-01 |
102.6 |
104 |
N/A |
102.6 |
104 |
1.88 g/t Au@ 1.4 m |
PM-21-02 |
144.7 |
173 |
0.5 g/t Au @ 28.3 m |
144.7 |
155.6 |
1.59 g/t Au @ 4.9 m |
PM-21-03 |
150 |
175.4 |
3.07 g/t Au @ 25.4 m |
164.6 |
175.4 |
7 g/t Au @ 10.1
m |
Robert Gagnon, President and Chief Executive
Officer of the Company, declares: We have confirmed with holes
PM-21-02 and PM-21-03 the continuity of mineralization at depth
under the surface pillar of the old mine Pershing-Manitou. In
addition, there is clearly an increase in gold grades and the
importance of mineralized envelopes at depth. Note that these holes
will be included in the current resource calculation and will
significantly increase the gold potential at depth of the old mine.
In this sense, we wish to announce that Pershimex wants to be the
first in Quebec to take advantage of the new amendment to article
69 of the Mining Act, which since March 2021, authorizes
exploration companies to carry out bulk sampling not exceeding
5,000 tons.
This press release was prepared by Robert
Gagnon, a professional geologist and President of Pershimex, a
qualified person under Regulation 43-101. Following an analytical
quality assurance and control program, white samples and certified
reference materials were added to the NQ-caliber half-carrot
samples before being shipped and analyzed by the ALS CHEMEX
laboratory in Val d'Or, Quebec using the pyro-analysis method.
For more information, please contact
:
Robert Gagnon, PresidentTél.:
(819) 825-2303
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.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/cabe853d-e46b-4cdb-ad3e-aab92dc8cbd9
Pershimex Resources (TSXV:PRO)
Gráfica de Acción Histórica
De Dic 2024 a Ene 2025
Pershimex Resources (TSXV:PRO)
Gráfica de Acción Histórica
De Ene 2024 a Ene 2025