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Pershimco Gains Support for Deeper Geologic Potential at Cerro Quema Project With Geophysics Survey Interpretation

V.PRO
Pershimco Gains Support for Deeper Geologic Potential at Cerro Quema Project With Geophysics Survey Interpretation

Marketwire

Pershimco Gains Support for Deeper Geologic Potential at Cerro Quema Project With Geophysics Survey Interpretation

ROUYN-NORANDA, QUÉBEC--(Marketwired - July 25, 2013) - Pershimco Resources Inc. (the "Company" or "Pershimco") (TSX VENTURE:PRO)(FRANKFURT:BIZ) is pleased to report that a three-dimensional ("3D") interpretation of the results of the previously reported deep Induced Polarization (IP) ground geophysics program conducted at its Cerro Quema Project (see Pershimco release dated June 18, 2013) has highlighted a large chargeable body beneath the oxide gold cap at the Quema target, further validating Pershimco's exploration model. A technical video showing the project as well as the 3D model of the IP results can be viewed at: http://youtu.be/qYOa_8DjlQI.

HIGHLIGHTS:

  • Deep IP Survey identified a large chargeable body beneath the Quema oxide gold deposits which is approximately 1.72km long, 0.92km wide and open at depth.
  • These results correspond to and validate the Company's exploration model for the high sulphidation/porphyry mineralization system.
  • The top of the chargeable body, located 320 meters below Quema ridge, has never been drilled.
  • Deeper drilling will be conducted to test the anomaly in the next quarter.

"These latest technical results further reinforce our strong belief that the project has the potential to host a deeper porphyry system beneath the surficial high sulphidation system and thus, continue to validate our exploration model. Given the large size of the anomaly along with the petrology results, we have many pieces of the puzzle that are pointing to a lower copper-gold system of real significance," said Alain Bureau, President and CEO of Pershimco.

The information contained in this press release has been reviewed and approved by Mr. John Kapetas, B.Sc. Hons, MAusIMM, MAIG, a Qualified Person under NI 43-101 rules and standards.

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 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 Company is managed by skilled and reputable people with extensive mining, exploration and development experience. The Pershimco Team and its investors are the keys to its success.

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

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

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. 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.

Alain Bureau, P. Eng.
President and Chief Executive Officer
+1 (819) 797-2180
ressources@pershimco.ca

Elina Chow
Investor Relations
+1 (416) 845-8495
info@pershimco.ca


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