Pershimco Res.: Ein aussichtsreicher Gold- und Silberwert - 500 Beiträge pro Seite
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ISIN: CA76126F1053 · WKN: A0H1EB
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| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 0,9900 | +130,23 | |
| 10,850 | +18,45 | |
| 1,0500 | +17,32 | |
| 3.200,00 | +15,90 | |
| 0,5650 | +14,14 |
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 5.900,00 | -9,23 | |
| 9,9900 | -9,59 | |
| 67,15 | -10,76 | |
| 9,0100 | -13,37 | |
| 1,0000 | -53,27 |
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Hi @all,
will heute einen sehr, sehr interessanten Wert vorstellen!
Pershimco Res. die sehr aussichtsreiche Projekte besitzen. Man möchte in einem dreijahres Plan die Ressourcen in Reserven wandeln und im gleichem Zeitraum in die Produktion gehen.
Shares Outstanding: 37,9 Mio
Market Cap: 25 Mio CAD
Fully Diluted: 47,6 Mio
Projekte in Kanada und Mexiko
Mexiko Projekte in Cusi, Magistral und Las Minitas.
Projekt Courville Quebec, Kanada wird nach Gold und Silber exploriert. Das Projekt ist noch in einem frühen Stadium:
The current geological information over a 100 meters strike length of the gold bearing host unit of the Thibodeau Intrusive Complex (TIC) appears to show continuous mineralization with grades in the order of 0.5 g/t to 5 g/t gold and up to 15 g/t silver.
The gold mineralization at Courville occurs mainly as a series of five sub-horizontal quartz stockwork domains, ranging from 2.5 to 7.5 meters each in width, within a 125 meter long by 75 meters wide by 75 meters deep segment of the TIC. Gold assay results (from 2,000 channel and drill hole samples of the entire TIC sampled to date ranged from trace to 166 g/t gold averaging 1.09 g/t gold, with only 6 samples over 30 g/t gold, with four separate centers of gold concentration between 2 and 5 g/t gold within the quartz stockwork domains.
Cusi Mexiko Projekt, Silber: 10.000 Meter Bohrprogramm wurde aufgelegt, von denen schon 5.500 Meter gebohrt wurde in diesem Jahr.
Channel sample results obtained by Pershimco Resources confirm the presence of a silver-rich mineralized structure with a minimum thickness of 1.05 to 1.75 m. The weighted average grade indicates a variability of 33 g/t to 683 g/t Ag. The drift measures 1.5 to 2.0 m wide but opens into a stope about 25 m wide by 20 m deep and 10 m high.
Eine NI43-101 Studie ist vorhanden:
In addition at the end of 2006, Diabras Exploration Inc. our partner had produced a National Instrument 43-101 Technical Report on the Cusihuiriachic mining district (Click here to read it).
Our first technical reports are available in French only.
If you require additional information, please contact us at:
(819) 797-2180 or e-mail us at ressources@pershimco.ca
André Liboiron, B.Sc., géologue et Daniel Lapointe, B.Sc., géologue– Rapport technique – programmes d’exploration et échantillonage – propriété Courville, Québec – le 11 août 2005. (PDF) Courville, Québec - (87Kb)
André Liboiron, B.Sc., géologue - Rapport technique – programme d’échantillonnage – mine San Miguel, région de Cuauhtemoc, État de Chihuahua, Mexique – le 2 décembre 2005. (PDF) San Miguel, Mexique - (128Kb)
Jean Lafleur, geologist - Presentation of Courville geology following the study of M. Alex Horvath ing. - December 6, 2006 (PDF) Courville, Québec - (2 747Kb)
Scott Wilson Roscoe Postle Associates Inc.for Dia Bras-National Instrument 43-101 Technical Report on the Cusihuiriachic mining district, December 2006(7711 Kb) .
Michael Hastings Sandidge, P. Geo for Tara Gold Resources Corporation National Instrument 43-101 Technical Report on the Las Minitas project Sonora, Mexico - September 2006 - (5124 Kb) .
Magistral Projekt: Silber, Gold, Zink und Kupfer. Kupfer- Zink und Silbergrades lassen sich wirklich sehen. Hierzu einfach die Sample-Tabelle anschauen.
La Minitas Property
Option to earn Option to earn 75% of the 72 km2 silver-gold project
• Located in the Sierra Madre Occidental
Silver-gold bearing quartz veins / stockworks
NI 43-101 (2006) Mineral Resources
• 102.6 M oz silver in Indicated category
Historical mining and exploration work
• Peñoles, War Eagle Mining, Hecla
Significant targets outside of known mineralization
La Minitas Property
$ 1.0 M Courville
$ 2.5 M Cusi
$ 1.2 M Magistral
$ 2.9 M Las Minitas
-----------
$ 7.6 M
Key property portfolio in Canada and Mexico
Excellent mineral resources upside in precious and base metals
Significant silver resources
Focused / efficient exploration program
SUMMARY
Experienced Board and Management Team
Einfach mal auf Watch nehmen.
http://www.pershimco.ca
Gruss und ein schönes WE,
Hoschie
will heute einen sehr, sehr interessanten Wert vorstellen!
Pershimco Res. die sehr aussichtsreiche Projekte besitzen. Man möchte in einem dreijahres Plan die Ressourcen in Reserven wandeln und im gleichem Zeitraum in die Produktion gehen.
Shares Outstanding: 37,9 Mio
Market Cap: 25 Mio CAD
Fully Diluted: 47,6 Mio
Projekte in Kanada und Mexiko
Mexiko Projekte in Cusi, Magistral und Las Minitas.
Projekt Courville Quebec, Kanada wird nach Gold und Silber exploriert. Das Projekt ist noch in einem frühen Stadium:
The current geological information over a 100 meters strike length of the gold bearing host unit of the Thibodeau Intrusive Complex (TIC) appears to show continuous mineralization with grades in the order of 0.5 g/t to 5 g/t gold and up to 15 g/t silver.
The gold mineralization at Courville occurs mainly as a series of five sub-horizontal quartz stockwork domains, ranging from 2.5 to 7.5 meters each in width, within a 125 meter long by 75 meters wide by 75 meters deep segment of the TIC. Gold assay results (from 2,000 channel and drill hole samples of the entire TIC sampled to date ranged from trace to 166 g/t gold averaging 1.09 g/t gold, with only 6 samples over 30 g/t gold, with four separate centers of gold concentration between 2 and 5 g/t gold within the quartz stockwork domains.
Cusi Mexiko Projekt, Silber: 10.000 Meter Bohrprogramm wurde aufgelegt, von denen schon 5.500 Meter gebohrt wurde in diesem Jahr.
Channel sample results obtained by Pershimco Resources confirm the presence of a silver-rich mineralized structure with a minimum thickness of 1.05 to 1.75 m. The weighted average grade indicates a variability of 33 g/t to 683 g/t Ag. The drift measures 1.5 to 2.0 m wide but opens into a stope about 25 m wide by 20 m deep and 10 m high.
Eine NI43-101 Studie ist vorhanden:
In addition at the end of 2006, Diabras Exploration Inc. our partner had produced a National Instrument 43-101 Technical Report on the Cusihuiriachic mining district (Click here to read it).
Our first technical reports are available in French only.
If you require additional information, please contact us at:
(819) 797-2180 or e-mail us at ressources@pershimco.ca
André Liboiron, B.Sc., géologue et Daniel Lapointe, B.Sc., géologue– Rapport technique – programmes d’exploration et échantillonage – propriété Courville, Québec – le 11 août 2005. (PDF) Courville, Québec - (87Kb)
André Liboiron, B.Sc., géologue - Rapport technique – programme d’échantillonnage – mine San Miguel, région de Cuauhtemoc, État de Chihuahua, Mexique – le 2 décembre 2005. (PDF) San Miguel, Mexique - (128Kb)
Jean Lafleur, geologist - Presentation of Courville geology following the study of M. Alex Horvath ing. - December 6, 2006 (PDF) Courville, Québec - (2 747Kb)
Scott Wilson Roscoe Postle Associates Inc.for Dia Bras-National Instrument 43-101 Technical Report on the Cusihuiriachic mining district, December 2006(7711 Kb) .
Michael Hastings Sandidge, P. Geo for Tara Gold Resources Corporation National Instrument 43-101 Technical Report on the Las Minitas project Sonora, Mexico - September 2006 - (5124 Kb) .
Magistral Projekt: Silber, Gold, Zink und Kupfer. Kupfer- Zink und Silbergrades lassen sich wirklich sehen. Hierzu einfach die Sample-Tabelle anschauen.
La Minitas Property
Option to earn Option to earn 75% of the 72 km2 silver-gold project
• Located in the Sierra Madre Occidental
Silver-gold bearing quartz veins / stockworks
NI 43-101 (2006) Mineral Resources
• 102.6 M oz silver in Indicated category
Historical mining and exploration work
• Peñoles, War Eagle Mining, Hecla
Significant targets outside of known mineralization
La Minitas Property
$ 1.0 M Courville
$ 2.5 M Cusi
$ 1.2 M Magistral
$ 2.9 M Las Minitas
-----------
$ 7.6 M
Key property portfolio in Canada and Mexico
Excellent mineral resources upside in precious and base metals
Significant silver resources
Focused / efficient exploration program
SUMMARY
Experienced Board and Management Team
Einfach mal auf Watch nehmen.
http://www.pershimco.ca
Gruss und ein schönes WE,
Hoschie
Auf watch!!!
!
Dieser Beitrag wurde moderiert. Grund: Spammposting
Komisch wie unbeachtet sowas bleibt
-dürfte sich wahrscheinlich m. d. Zeit ändern.
-dürfte sich wahrscheinlich m. d. Zeit ändern.
Trading Spotlight
"Press Release Source: Pershimco Resources Inc.
Pershimco Extends Land Position at Las Minitas in Sonora Mexico and Signs Definitive Agreement With Tara Gold
Tuesday November 13, 10:44 am ET
Adds more ground to secure kilometric strike extent to include additional newly identified potential strike targets in the continuation of the known silver-gold mineralization
Assay results pending from the recently completed 3,000 m drilling on the first 2 of 6 targets of the Las Minitas and El Negro mineralized zones
CHIHUAHUA, MEXICO--(MARKET WIRE)--Nov 13, 2007 -- PERSHIMCO RESOURCES INC. (CDNX:PRO.V - News)(FSE: BIZ) is pleased to announce that it has signed the definitive option agreement with Tara Gold Resources Corporation (Other OTC:TRGD.PK - News) (FSE: T8N) to acquire a 75% direct property interest in the original 8.27 km2 Las Minitas Silver-Gold Project in the State of Sonora, Mexico, consisting of 23 contiguous properties.
ADVERTISEMENT
The parties also acquired a 100% interest in 7 additional contiguous properties, located to the north, east and south covering the on-strike extension of the known silver-gold mineralization, that will also form part of the Las Minitas Project (refer to the appended claim listing table): the 6.76 km2 Aurifero V (Fractions 1 and 2) and El Mezquite properties, and the 64.50 km2 Brisas de Oro (Fractions 1 and 2, and #2) property. The current size of the Las Minitas Project now totals 79.52 km2 in 30 contiguous properties.
The agreement terms remain the same from the LOI signed in May 2007, with the exception of a reduction of Pershimco's payments to Tara Gold by US$ 100,000 (details of the definitive agreement are appended below).
Now that the inclement weather and the rainy season is over access to certain important targets is now possible. Pershimco is planning a comprehensive exploration campaign on the Las Minitas Project, with airborne geophysics (magnetics, electro-magnetics, radiometrics), surface geochemical sampling, trenching and sampling, and 5000 meters of diamond drilling. Details of the program will be made available once Pershimco receives and processes assay results from its recently completed 3,000 m / 19 hole diamond drill program on the first 2 of 6 targets at the Las Minitas gold-rich and El Negro silver-rich targets. A total of 16 holes were completed at El Negro and 3 at Las Minitas.
The Las Minitas Project as outlined by the historical work
The Las Minitas Project is located in the western foothills of the Sierra Madre Occidental. 250 km SWW of Pershimco's La Bamba and San Miguel properties, and situated near mineral deposits owned by Agnico Eagle, Gammon Lake and Coeur D'Alene. The property is easily accessible year-round via 30 km of secondary roads north from the intersection of Highway #15 connecting Navojoa and Alamos to the village of Las Minitas.
A qualifying technical report was completed in September 2006 by M. H. Sandidge, P. Geo., titled "Technical Report, National Instrument (NI) 43-101 Qualifying Property Report, Las Minitas Project, Sonora, Mexico . The report outlined a pre-NI 43-101 resource of 13.53 million tonnes @ 260 g/t silver and 0.31 g/t gold (War Eagle Mining, 1994) within two mineralized zones. The 102.6 million ounces of silver and 120,500 ounces of gold reported are historical in nature. There has not been sufficient work to classify these historical estimates as compliant NI 43-101 Mineral Resources; nor is Pershimco treating the historical estimate as current mineral resources. The historical estimate should not be relied upon.
The report also stated that exploration work outside the areas of known mineralization is limited to non-existent, such that the size, shape, and the general character of the mineralization throughout most of the property is not well understood. The report recommended a minimum exploration program to advance the known mineralization from the previous drilling program to a higher level of confidence compliant with NI 43-101. The program included mapping, geophysics across the known and projected mineralized areas to delineate potential linear vein-type and disseminated mineralized structures, and in-fill drilling over the known mineralized areas delineated and in-extension of the 1994 drilling program, to outline Mineral Resources.
Direct field observations by Pershimco personnel, the historical work reported in the Sandidge Technical Report and a 2006 internal summary report by David Petersen, P. Eng., for Tara Gold Capital Resources Corporation, indicate 6 east-southeast trending mineralized corridors (Las Minitas, El Negro, Socorro, Aurifero V-1, Aurifero V-2 and Aurifero V-3), repeated at roughly 750 m N-S spacings, each a minimum 2 km in length.
The information in this news release has been prepared and reviewed by Mr. Jean Lafleur, P. Geo., Director and Technical Advisor to Pershimco, the Company's Qualified Person under NI 43-101.
About Pershimco Resources Inc.
Pershimco Resources Inc. is a Canadian based junior resource and exploration company trading under the symbol PRO on the TSX Venture Exchange and under the symbol BIZ on the Frankfurt Stock Exchange. The Company holds 100% of several mining properties including the Courville Gold Project, near the Val-d'Or Gold Mining Camp, The Company has an option to acquire a number of Mexican properties in the states of Chihuahua and Sonora, Mexico, including 100% of the newly acquired Cu-Zn-Au-Ag skarn Magistral Project and 75% of the Las Minitas Ag-Au project. Pershimco's wholly owned La Bamba and San Miguel properties, in the Cusi Mining District, are under option to Dia Bras Exploration. Pershimco's strategy is to advance its exploration properties towards metal reserves and eventual production.
Please visit Pershimco on the web at www.pershimco.ca
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements that could reflect Pershimco's objectives, estimates, expectations and the impact of acquisitions on Pershimco's financial performance. By their very nature, these types of statements involve risks and uncertainty. Consequently, reality may differ materially from Pershimco's projections or expectations.
Las Minitas Project deal terms
Pershimco could earn a cumulative 75% direct property interest (via an initial 25%, followed by a 35% and finally the 75%), by making cumulative payments of US$ 1.83 million, staged exploration work for a total of US$ 5.20 million, property payments for US$ 3.20 million and issuing, subject to the TSX Venture Exchange's approval, 750,000 shares of Pershimco to Tara Gold Resources Corporation; 500,000 of which will be issued at the signing of the definitive agreement at a deemed price of C$ 1.25 per share for a total of C$ 625,000. The schedule of payments, work expenditures, shares issued and anniversary dates is outlined in the following table:
EXPLORATION PROPERTY
ANNIVERSARY DATES PAYMENTS(i) WORK SHARES PAYMENTS
(US$) (US$) ISSUED (US$)
--------------------------------------------------------------------------
--------------------------------------------------------------------------
TO ACQUIRE INITIAL 25%
--------------------------------------------------------------------------
May 10, 2007 (completed) 180,000
--------------------------------------------------------------------------
July 1, 2007 190,000
(completed)
--------------------------------------------------------------------------
September 7, 2007
(completed) 200,000
--------------------------------------------------------------------------
December 7, 2007 225,000
--------------------------------------------------------------------------
December 18, 2007 255,000
--------------------------------------------------------------------------
May 10, 2008 100,000
--------------------------------------------------------------------------
June 9, 2008 350,000 600,000 750,000
--------------------------------------------------------------------------
June 17, 2008 337,500
--------------------------------------------------------------------------
December 9, 2008 375,000
--------------------------------------------------------------------------
December 18, 2008 287,500
--------------------------------------------------------------------------
May 10, 2009 100,000
--------------------------------------------------------------------------
June 9, 2009 1,000,000
--------------------------------------------------------------------------
--------------------------------------------------------------------------
TO ACQUIRE UP TO 35%
--------------------------------------------------------------------------
June 17, 2009 345,000
--------------------------------------------------------------------------
December 18, 2009 402,500
--------------------------------------------------------------------------
May 10, 2010 100,000
--------------------------------------------------------------------------
June 9, 2010 1,200,000
--------------------------------------------------------------------------
--------------------------------------------------------------------------
TO ACQUIRE UP TO 75%
--------------------------------------------------------------------------
June 17, 2010 517,500
--------------------------------------------------------------------------
March 18, 2011 862,500
--------------------------------------------------------------------------
May 11, 2011 100,000
(i)(i)
--------------------------------------------------------------------------
June 9, 2011 2,400,000
--------------------------------------------------------------------------
Bankeable Feasibility Study
--------------------------------------------------------------------------
TOTAL 1,730,000 5,200,000 750,000 3,197,500
--------------------------------------------------------------------------
--------------------------------------------------------------------------
(i) Half of the value can be made in Pershimco shares at 20% discount to the market price on the day of such payment.
(i)(i) Pershimco is required to make additional payments of US$ 100,000 in cash or in shares at 20% discount to the market price on the day of such payment to Tara Gold on or before May 10th of each year afterwards in order to maintain its interest earned.
There is also a finder's fee equivalent to 5% of the consideration offered by Pershimco (after conversion into Canadian dollars) representing 222,678 units at a deemed price of C$ 1.25. Each unit is comprised of one common share and one share purchase warrant. Of the C$ 1.25 price, C$ 1.249 is allocated towards the share and C$ 0.001 is allocated towards the share purchase warrant. Each warrant entitles the holder, for a period of 24 months following the date of the issuance of the share purchase warrant, to purchase one common share at an exercise price of C$ 1.65 per common share. An additional finder's fee includes 5% of the shares issued by Pershimco representing another 37,500 common shares at a deemed price of C$ 1.25 per share for a total of C$ 46,875.
The Las Minitas Project claim listing
---------------------------------------------
SIZE SIZE
CONCESSION NAME (hectares) (km2)
---------------------------------------------
ORIGINAL CONCESSIONS
---------------------------------------------
Aurifero Fraction I 30.67 0.31
---------------------------------------------
Aurifero Fraction II 13.54 0.14
---------------------------------------------
Aurifero II Fract.1. 23.02 0.23
---------------------------------------------
Aurifero II Fract.2. 15.37 0.15
---------------------------------------------
Aurifero II Fract.3. 6.70 0.07
---------------------------------------------
Aurifero III. 8.90 0.09
---------------------------------------------
Aurifero IV Fraction I 188.75 1.89
---------------------------------------------
Aurifero IV Fraction II 10.44 0.10
---------------------------------------------
Aurifero IV Fraction III 5.15 0.05
---------------------------------------------
Minitas Sur Fraction I 177.06 1.77
---------------------------------------------
Minitas Sur Fraction II 10.02 0.10
---------------------------------------------
Minitas Sur Fraction III 0.13 0.001
---------------------------------------------
Minitas Norte 103.73 1.04
---------------------------------------------
El Triunfo 4.96 0.05
---------------------------------------------
El Triunfo II 14.10 0.14
---------------------------------------------
Socorro 76.00 0.76
---------------------------------------------
Socorro Dos 45.35 0.45
---------------------------------------------
Zorra Negra 0.21 0.002
---------------------------------------------
Lorito 6.00 0.06
---------------------------------------------
Dios Mediante 15.86 0.16
---------------------------------------------
Josefa 60.80 0.61
---------------------------------------------
El Negro 9.00 0.09
---------------------------------------------
San Joaquin 0.86 0.009
---------------------------------------------
Sub-total 826.62 8.27
---------------------------------------------
NEW CONCESSIONS ACQUIRED
---------------------------------------------
Brisas de Oro (Fraction 1) 3,095.18 30.95
---------------------------------------------
Brisas de Oro (Fraction 2) 980.88 9.81
---------------------------------------------
Brisas de Oro 2 2,373.52 23.74
---------------------------------------------
Aurifero V Fraction I 400.70 4.01
---------------------------------------------
Aurifero V Fraction II 0.01 0.0001
---------------------------------------------
El Mezquite 275.20 2.75
---------------------------------------------
Sub-total 7,125.49 71.25
---------------------------------------------
Total 7,952.11 79.52
---------------------------------------------
---------------------------------------------
Contact:
Contacts:
Pershimco Resources Inc.
Michael Curtis
President & CEO
514-793-1915
Paradox Investor Relations
866-460-0408
514-341-1527 (FAX)
infoparadox@qc.aira.com
Source: Pershimco Resources Inc."
Pershimco Extends Land Position at Las Minitas in Sonora Mexico and Signs Definitive Agreement With Tara Gold
Tuesday November 13, 10:44 am ET
Adds more ground to secure kilometric strike extent to include additional newly identified potential strike targets in the continuation of the known silver-gold mineralization
Assay results pending from the recently completed 3,000 m drilling on the first 2 of 6 targets of the Las Minitas and El Negro mineralized zones
CHIHUAHUA, MEXICO--(MARKET WIRE)--Nov 13, 2007 -- PERSHIMCO RESOURCES INC. (CDNX:PRO.V - News)(FSE: BIZ) is pleased to announce that it has signed the definitive option agreement with Tara Gold Resources Corporation (Other OTC:TRGD.PK - News) (FSE: T8N) to acquire a 75% direct property interest in the original 8.27 km2 Las Minitas Silver-Gold Project in the State of Sonora, Mexico, consisting of 23 contiguous properties.
ADVERTISEMENT
The parties also acquired a 100% interest in 7 additional contiguous properties, located to the north, east and south covering the on-strike extension of the known silver-gold mineralization, that will also form part of the Las Minitas Project (refer to the appended claim listing table): the 6.76 km2 Aurifero V (Fractions 1 and 2) and El Mezquite properties, and the 64.50 km2 Brisas de Oro (Fractions 1 and 2, and #2) property. The current size of the Las Minitas Project now totals 79.52 km2 in 30 contiguous properties.
The agreement terms remain the same from the LOI signed in May 2007, with the exception of a reduction of Pershimco's payments to Tara Gold by US$ 100,000 (details of the definitive agreement are appended below).
Now that the inclement weather and the rainy season is over access to certain important targets is now possible. Pershimco is planning a comprehensive exploration campaign on the Las Minitas Project, with airborne geophysics (magnetics, electro-magnetics, radiometrics), surface geochemical sampling, trenching and sampling, and 5000 meters of diamond drilling. Details of the program will be made available once Pershimco receives and processes assay results from its recently completed 3,000 m / 19 hole diamond drill program on the first 2 of 6 targets at the Las Minitas gold-rich and El Negro silver-rich targets. A total of 16 holes were completed at El Negro and 3 at Las Minitas.
The Las Minitas Project as outlined by the historical work
The Las Minitas Project is located in the western foothills of the Sierra Madre Occidental. 250 km SWW of Pershimco's La Bamba and San Miguel properties, and situated near mineral deposits owned by Agnico Eagle, Gammon Lake and Coeur D'Alene. The property is easily accessible year-round via 30 km of secondary roads north from the intersection of Highway #15 connecting Navojoa and Alamos to the village of Las Minitas.
A qualifying technical report was completed in September 2006 by M. H. Sandidge, P. Geo., titled "Technical Report, National Instrument (NI) 43-101 Qualifying Property Report, Las Minitas Project, Sonora, Mexico . The report outlined a pre-NI 43-101 resource of 13.53 million tonnes @ 260 g/t silver and 0.31 g/t gold (War Eagle Mining, 1994) within two mineralized zones. The 102.6 million ounces of silver and 120,500 ounces of gold reported are historical in nature. There has not been sufficient work to classify these historical estimates as compliant NI 43-101 Mineral Resources; nor is Pershimco treating the historical estimate as current mineral resources. The historical estimate should not be relied upon.
The report also stated that exploration work outside the areas of known mineralization is limited to non-existent, such that the size, shape, and the general character of the mineralization throughout most of the property is not well understood. The report recommended a minimum exploration program to advance the known mineralization from the previous drilling program to a higher level of confidence compliant with NI 43-101. The program included mapping, geophysics across the known and projected mineralized areas to delineate potential linear vein-type and disseminated mineralized structures, and in-fill drilling over the known mineralized areas delineated and in-extension of the 1994 drilling program, to outline Mineral Resources.
Direct field observations by Pershimco personnel, the historical work reported in the Sandidge Technical Report and a 2006 internal summary report by David Petersen, P. Eng., for Tara Gold Capital Resources Corporation, indicate 6 east-southeast trending mineralized corridors (Las Minitas, El Negro, Socorro, Aurifero V-1, Aurifero V-2 and Aurifero V-3), repeated at roughly 750 m N-S spacings, each a minimum 2 km in length.
The information in this news release has been prepared and reviewed by Mr. Jean Lafleur, P. Geo., Director and Technical Advisor to Pershimco, the Company's Qualified Person under NI 43-101.
About Pershimco Resources Inc.
Pershimco Resources Inc. is a Canadian based junior resource and exploration company trading under the symbol PRO on the TSX Venture Exchange and under the symbol BIZ on the Frankfurt Stock Exchange. The Company holds 100% of several mining properties including the Courville Gold Project, near the Val-d'Or Gold Mining Camp, The Company has an option to acquire a number of Mexican properties in the states of Chihuahua and Sonora, Mexico, including 100% of the newly acquired Cu-Zn-Au-Ag skarn Magistral Project and 75% of the Las Minitas Ag-Au project. Pershimco's wholly owned La Bamba and San Miguel properties, in the Cusi Mining District, are under option to Dia Bras Exploration. Pershimco's strategy is to advance its exploration properties towards metal reserves and eventual production.
Please visit Pershimco on the web at www.pershimco.ca
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements that could reflect Pershimco's objectives, estimates, expectations and the impact of acquisitions on Pershimco's financial performance. By their very nature, these types of statements involve risks and uncertainty. Consequently, reality may differ materially from Pershimco's projections or expectations.
Las Minitas Project deal terms
Pershimco could earn a cumulative 75% direct property interest (via an initial 25%, followed by a 35% and finally the 75%), by making cumulative payments of US$ 1.83 million, staged exploration work for a total of US$ 5.20 million, property payments for US$ 3.20 million and issuing, subject to the TSX Venture Exchange's approval, 750,000 shares of Pershimco to Tara Gold Resources Corporation; 500,000 of which will be issued at the signing of the definitive agreement at a deemed price of C$ 1.25 per share for a total of C$ 625,000. The schedule of payments, work expenditures, shares issued and anniversary dates is outlined in the following table:
EXPLORATION PROPERTY
ANNIVERSARY DATES PAYMENTS(i) WORK SHARES PAYMENTS
(US$) (US$) ISSUED (US$)
--------------------------------------------------------------------------
--------------------------------------------------------------------------
TO ACQUIRE INITIAL 25%
--------------------------------------------------------------------------
May 10, 2007 (completed) 180,000
--------------------------------------------------------------------------
July 1, 2007 190,000
(completed)
--------------------------------------------------------------------------
September 7, 2007
(completed) 200,000
--------------------------------------------------------------------------
December 7, 2007 225,000
--------------------------------------------------------------------------
December 18, 2007 255,000
--------------------------------------------------------------------------
May 10, 2008 100,000
--------------------------------------------------------------------------
June 9, 2008 350,000 600,000 750,000
--------------------------------------------------------------------------
June 17, 2008 337,500
--------------------------------------------------------------------------
December 9, 2008 375,000
--------------------------------------------------------------------------
December 18, 2008 287,500
--------------------------------------------------------------------------
May 10, 2009 100,000
--------------------------------------------------------------------------
June 9, 2009 1,000,000
--------------------------------------------------------------------------
--------------------------------------------------------------------------
TO ACQUIRE UP TO 35%
--------------------------------------------------------------------------
June 17, 2009 345,000
--------------------------------------------------------------------------
December 18, 2009 402,500
--------------------------------------------------------------------------
May 10, 2010 100,000
--------------------------------------------------------------------------
June 9, 2010 1,200,000
--------------------------------------------------------------------------
--------------------------------------------------------------------------
TO ACQUIRE UP TO 75%
--------------------------------------------------------------------------
June 17, 2010 517,500
--------------------------------------------------------------------------
March 18, 2011 862,500
--------------------------------------------------------------------------
May 11, 2011 100,000
(i)(i)
--------------------------------------------------------------------------
June 9, 2011 2,400,000
--------------------------------------------------------------------------
Bankeable Feasibility Study
--------------------------------------------------------------------------
TOTAL 1,730,000 5,200,000 750,000 3,197,500
--------------------------------------------------------------------------
--------------------------------------------------------------------------
(i) Half of the value can be made in Pershimco shares at 20% discount to the market price on the day of such payment.
(i)(i) Pershimco is required to make additional payments of US$ 100,000 in cash or in shares at 20% discount to the market price on the day of such payment to Tara Gold on or before May 10th of each year afterwards in order to maintain its interest earned.
There is also a finder's fee equivalent to 5% of the consideration offered by Pershimco (after conversion into Canadian dollars) representing 222,678 units at a deemed price of C$ 1.25. Each unit is comprised of one common share and one share purchase warrant. Of the C$ 1.25 price, C$ 1.249 is allocated towards the share and C$ 0.001 is allocated towards the share purchase warrant. Each warrant entitles the holder, for a period of 24 months following the date of the issuance of the share purchase warrant, to purchase one common share at an exercise price of C$ 1.65 per common share. An additional finder's fee includes 5% of the shares issued by Pershimco representing another 37,500 common shares at a deemed price of C$ 1.25 per share for a total of C$ 46,875.
The Las Minitas Project claim listing
---------------------------------------------
SIZE SIZE
CONCESSION NAME (hectares) (km2)
---------------------------------------------
ORIGINAL CONCESSIONS
---------------------------------------------
Aurifero Fraction I 30.67 0.31
---------------------------------------------
Aurifero Fraction II 13.54 0.14
---------------------------------------------
Aurifero II Fract.1. 23.02 0.23
---------------------------------------------
Aurifero II Fract.2. 15.37 0.15
---------------------------------------------
Aurifero II Fract.3. 6.70 0.07
---------------------------------------------
Aurifero III. 8.90 0.09
---------------------------------------------
Aurifero IV Fraction I 188.75 1.89
---------------------------------------------
Aurifero IV Fraction II 10.44 0.10
---------------------------------------------
Aurifero IV Fraction III 5.15 0.05
---------------------------------------------
Minitas Sur Fraction I 177.06 1.77
---------------------------------------------
Minitas Sur Fraction II 10.02 0.10
---------------------------------------------
Minitas Sur Fraction III 0.13 0.001
---------------------------------------------
Minitas Norte 103.73 1.04
---------------------------------------------
El Triunfo 4.96 0.05
---------------------------------------------
El Triunfo II 14.10 0.14
---------------------------------------------
Socorro 76.00 0.76
---------------------------------------------
Socorro Dos 45.35 0.45
---------------------------------------------
Zorra Negra 0.21 0.002
---------------------------------------------
Lorito 6.00 0.06
---------------------------------------------
Dios Mediante 15.86 0.16
---------------------------------------------
Josefa 60.80 0.61
---------------------------------------------
El Negro 9.00 0.09
---------------------------------------------
San Joaquin 0.86 0.009
---------------------------------------------
Sub-total 826.62 8.27
---------------------------------------------
NEW CONCESSIONS ACQUIRED
---------------------------------------------
Brisas de Oro (Fraction 1) 3,095.18 30.95
---------------------------------------------
Brisas de Oro (Fraction 2) 980.88 9.81
---------------------------------------------
Brisas de Oro 2 2,373.52 23.74
---------------------------------------------
Aurifero V Fraction I 400.70 4.01
---------------------------------------------
Aurifero V Fraction II 0.01 0.0001
---------------------------------------------
El Mezquite 275.20 2.75
---------------------------------------------
Sub-total 7,125.49 71.25
---------------------------------------------
Total 7,952.11 79.52
---------------------------------------------
---------------------------------------------
Contact:
Contacts:
Pershimco Resources Inc.
Michael Curtis
President & CEO
514-793-1915
Paradox Investor Relations
866-460-0408
514-341-1527 (FAX)
infoparadox@qc.aira.com
Source: Pershimco Resources Inc."
"Press Release Source: PERSHIMCO RESOURCES INC.
New Gold-Silver System Discovered at Las Minitas, Mexico
Tuesday November 27, 12:52 pm ET
Major gold system uncovered during drilling of two historical silver targets: 24.5m grading 3.12 g/t gold and 43.80 g/t silver, including a 1 m section grading 26.07 g/t gold and 273.50 g/t silver
Silver-gold corridor extends for 3 km between Las Minitas and El Negro targets, with a potential length extending to over 10 km covering the remaining 4 of the 6 known targets
Untested potential being the focus of current second exploration program initiated today
CHIHUAHUA, MEXICO--(MARKET WIRE)--Nov 27, 2007 -- PERSHIMCO RESOURCES INC. (CDNX:PRO.V - News)(Frankfurt:BIZ.F - News) is pleased to announce that it has received the first batch of assay results from the recently completed 3,000 m / 19 hole diamond drilling program at the Las Minitas Gold-Silver Property in south western Sonora State, Mexico.
ADVERTISEMENT
Initial drilling focused mostly on validating historical drill assay results and in part expanding the resource potential along 2 of 6 historical targets, the Las Minitas (formerly the South Zone) and El Negro (formerly the NW Zone) mineralization.
To date, the Company has received 1,107 assay results from 10 of 19 drill holes (07-MN-01 to 10). The Las Minitas and El Negro validation drilling, field observations and results to date indicate The presence of a N-NW trending, minimum 100 m wide corridor containing highly oxidized volcanic breccias, NW-SE trending contacts with steep NE or SW dips, individual veins, veinlets and stockworks of quartz-carbonate, manganese staining, and abundant N, NW, E and sub-horizontal fractures, now considered to be the main mineralization corridor at Las Minitas.
The mineralization consists of disseminated and vein-type gold-silver, associated with both the host volcanic rocks and vein systems. Drill hole 07-MN-10 at the El Negro target intersected 3.12 g/t gold and 43.80 g/t silver over 24.5 m, including a 1 m section grading 26.07 g/t gold, 273.50 g/t silver, validating a number of historical assays from the sector, such as 0.89 g/t gold and 29.82 g/t silver over 3.2 m (DDH#69), 1.17 g/t gold and 3.77 g/t silver over 16.1 m (DDH#70), and 1.10 g/t gold and 50.39 g/t silver over 4.2 m (DDH#71) (from Petersen, 1997).
This global higher grade for gold and silver typifies the more disseminated nature of the mineralization at Las Minitas. The mineralization corridor covers a minimum 3 km strike length and 100 m width that includes the El Negro and Las Minitas mineralization, and is believed to extend for at least 10 km on the Las Minitas Project, containing the historic occurrences of Socorro, Aurifero V-1, Aurifero V-2, Aurifero V-3, and on the newly acquired Aurifero V claims, repeated at roughly 750 m spacings.
Pershimco's President & CEO, Mr. Michael Curtis stated " (...) We set out to validate the historical work at Las Minitas (...) the positive gold and silver received at this early stage are setting the stage for an aggressive exploration campaign in the coming weeks. We are set to prove up the full potential of the gold and silver mineralization over the 10+ km length of the mineralized corridor. We already knew that the first 3 km long Las Minitas - El Negro portion of the corridor already hosts significant gold-silver NI-43-101 mineral resources. We are positively surprised to find good silver and gold grades on the outskirts of the zones already known. (...) Based on these results we are deploying an exploration team to the property this Tuesday and initiating the second program that will include substantial core drilling. Pershimco is excited about the potential for both silver and gold over the entire Las Minitas Project ".
Table of significant silver-gold assays from the first batch of
assay results(i) (07-MN-01 to 10):
-----------------------------------------------
DDH # FROM TO INTERVAL AU AG
(m) (m) (m) (g/t) (g/t)
-----------------------------------------------
LAS MINITAS TARGET
-----------------------------------------------
07-MN-01 41.7 43.5 1.8 1.22 1.10
-----------------------------------------------
55.5 61.4 5.9 1.01 0.90
-----------------------------------------------
71.1 71.7 0.6 3.35 1.30
-----------------------------------------------
123.0 124.0 1.0 2.30 0.50
-----------------------------------------------
07-MN-02 82.0 93.8 11.8 2.90 3.70
-----------------------------------------------
INCL. 82.0 83.1 1.1 4.47 4.30
-----------------------------------------------
INCL. 83.1 84.0 0.9 0.18 2.90
-----------------------------------------------
INCL. 84.0 84.9 0.9 0.58 4.10
-----------------------------------------------
INCL. 84.9 86.4 1.5 0.42 2.70
-----------------------------------------------
INCL. 86.4 87.9 1.5 1.04 2.30
-----------------------------------------------
INCL. 87.9 89.4 1.5 1.39 3.10
-----------------------------------------------
INCL. 89.4 90.9 1.5 9.70 4.40
-----------------------------------------------
INCL. 90.9 92.3 1.4 1.14 2.60
-----------------------------------------------
INCL. 92.3 93.8 1.5 5.48 6.70
-----------------------------------------------
98.0 101.0 3.0 3.68 11.40
-----------------------------------------------
INCL. 98.0 99.5 1.5 5.52 13.10
-----------------------------------------------
INCL. 99.5 101.0 1.5 1.83 9.70
-----------------------------------------------
140.0 143.0 3.0 1.86 39.00
-----------------------------------------------
INCL. 140.0 141.5 1.5 2.17 74.50
-----------------------------------------------
INCL. 141.5 143.0 1.5 1.55 3.50
-----------------------------------------------
151.5 159.0 7.5 2.15 3.30
-----------------------------------------------
INCL. 151.5 153.0 1.5 5.88 2.30
-----------------------------------------------
INCL. 153.0 154.5 1.5 0.40 7.80
-----------------------------------------------
INCL. 154.5 156.0 1.5 1.95 2.00
-----------------------------------------------
INCL. 156.0 157.5 1.5 1.42 1.60
-----------------------------------------------
INCL. 157.5 159.0 1.5 1.09 3.00
-----------------------------------------------
07-MN-03 146.0 149.0 3.0 2.94 10.15
-----------------------------------------------
INCL. 146.0 147.5 1.5 2.48 5.50
-----------------------------------------------
INCL. 147.5 149.0 1.5 3.40 14.80
-----------------------------------------------
188.0 192.5 4.5 0.20 22.90
-----------------------------------------------
191.0 192.5 1.5 0.26 34.30
-----------------------------------------------
EL NEGRO TARGET
-----------------------------------------------
07-MN-04 39.5 41.0 1.5 0.49 29.00
-----------------------------------------------
68.6 70.0 1.4 0.86 19.50
-----------------------------------------------
141.9 143.4 1.5 2.35 2.80
-----------------------------------------------
07-MN-05 45.8 47.3 1.5 0.24 12.50
-----------------------------------------------
57.8 59.3 1.5 1.68 41.30
-----------------------------------------------
74.7 76.2 1.5 0.52 18.90
-----------------------------------------------
92.7 94.2 1.5 9.63 2.30
-----------------------------------------------
07-MN-06 84.1 84.8 0.7 0.01 29.20
-----------------------------------------------
102.7 104.6 1.9 1.61 2.40
-----------------------------------------------
151.3 152.5 1.2 0.03 13.80
-----------------------------------------------
07-MN-07 21.4 23.5 2.1 1.46 1.60
-----------------------------------------------
42.2 44.8 2.6 Trace 158.00
-----------------------------------------------
07-MN-08 76.8 78.1 1.3 1.54 2.20
-----------------------------------------------
07-MN-09 47.7 53.9 6.3 2.24 26.20
-----------------------------------------------
61.0 63.4 2.4 3.70 86.30
-----------------------------------------------
63.4 65.3 1.9 2.42 4.20
-----------------------------------------------
65.3 67.1 1.8 0.09 10.00
-----------------------------------------------
71.0 71.8 0.8 1.31 0.80
-----------------------------------------------
72.4 72.8 0.5 1.16 2.90
-----------------------------------------------
07-MN-10 51.7 76.2 24.5 3.12 43.80
-----------------------------------------------
INCL. 51.7 52.5 0.8 1.74 18.00
-----------------------------------------------
INCL. 52.5 53.5 1.0 26.07 273.50
-----------------------------------------------
INCL. 53.5 54.9 1.5 1.41 24.00
-----------------------------------------------
INCL. 54.9 56.3 1.4 0.37 12.80
-----------------------------------------------
INCL. 56.3 58.0 1.7 2.00 13.50
-----------------------------------------------
INCL. 58.0 60.0 2.0 0.60 22.10
-----------------------------------------------
INCL. 60.0 61.2 1.2 9.56 63.60
-----------------------------------------------
INCL. 61.2 62.8 1.6 2.46 22.50
-----------------------------------------------
INCL. 62.8 64.3 1.6 2.88 42.30
-----------------------------------------------
INCL. 64.3 66.5 2.2 1.16 45.30
-----------------------------------------------
INCL. 66.5 67.0 0.5 0.49 12.00
-----------------------------------------------
INCL. 67.0 69.3 2.3 0.50 17.70
-----------------------------------------------
INCL. 69.3 69.8 0.5 0.33 6.00
-----------------------------------------------
INCL. 69.8 70.8 1.0 6.98 189.50
-----------------------------------------------
INCL. 70.8 72.8 2.1 2.31 38.60
-----------------------------------------------
INCL. 72.8 74.6 1.8 3.61 44.90
-----------------------------------------------
INCL. 74.6 76.2 1.7 0.95 9.50
-----------------------------------------------
95.3 96.7 1.4 1.39 3.70
-----------------------------------------------
(i) Assays are still pending for drill holes 07-MN-11 to 19. Sample
preparation was done at the Sonora Sample Preparation Lab S.A. (of
Hermosillo, Mexico) using a jaw crusher (Rhino), crushed to less than
75% at -10 mesh. Some 250 grams were obtained by means of a riffle
splitter and pulverized down to 90% at -150 mesh using a ring
pulverizer. Samples were sent for gold and silver assaying at Techni-
Lab Inc. (of Ste-Germaine-de-Boule, Quebec). Duplicates, standards and
blanks were added to batches of 20 samples for QA/QC purposes. Interval
lengths are based on core lengths. True widths are unknown at this
time.
A total of 6 trenches (each 2 to 3 m deep, 3 to 5 m wide, and 25 m long) intersecting the mineralized corridor above the drilling were also completed at El Negro, and are currently being mapped and sampled at this time. Drill holes 07-MN-11 to 19, where gold-silver assay results are still pending, were centered on the trenches.
Background information on the Las Minitas Au-Ag Project
Pershimco Resources Inc. and Tara Gold Resources Corporation (Other OTC:TRGD.PK - News) (FSE: T8N) recently signed a definitive option agreement (refer to news release dated November 12, 2007) allowing Pershimco to earn a 75% direct property interest in the 20.41 km2 Las Minitas Gold-Silver Project. The Las Minitas Project is located in the western foothills of the Sierra Madre Occidental. 250 km SWW of Pershimco's La Bamba and San Miguel properties, and situated near mineral deposits owned by Agnico Eagle, Gammon Lake and Coeur D'Alene. The property is easily accessible year-round via 30 km of secondary roads north from the intersection of Highway #15 connecting Navojoa and Alamos to the village of Las Minitas.
Las Minitas hosts Indicated Mineral Resources of 13.53 million tonnes grading 260 g/t silver and 0.31 g/t gold (102.6 million ounces of silver and 120,500 ounces of gold), as outlined in a technical report completed in September 2006 by M. H. Sandidge, P. Geo., titled "Technical Report, National Instrument (NI) 43-101 Qualifying Property Report, Las Minitas Project, Sonora, Mexico".
The information in this news release has been prepared and reviewed by Mr. Jean Lafleur, P. Geo., Director and Technical Advisor to Pershimco, the Company's Qualified Person under NI 43-101.
About Pershimco Resources Inc.
Pershimco Resources Inc. is a Canadian based junior resource and exploration company trading under the symbol PRO on the TSX Venture Exchange and under the symbol BIZ on the Frankfurt Stock Exchange. The Company holds 100% of several mining properties including the Courville Gold Project, near the Val-d'Or Gold Mining Camp, The Company has an option to acquire a number of Mexican properties in the states of Chihuahua and Sonora, Mexico, including 100% of the newly acquired Cu-Zn-Au-Ag skarn Magistral Project and 75% of the Las Minitas Ag-Au project. Pershimco's wholly owned La Bamba and San Miguel properties, in the Cusi Mining District, are under option to Dia Bras Exploration. Pershimco's strategy is to advance its exploration properties towards metal reserves and eventual production. The Company currently has a cash position of C$ 4.5 million, which is sufficient to cover the next exploration phases of work on the Company's Mexican and Canadian properties.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements that could reflect Pershimco's objectives, estimates, expectations and the impact of acquisitions on Pershimco's financial performance. By their very nature, these types of statements involve risks and uncertainty. Consequently, reality may differ materially from Pershimco's projections or expectations.
Contact:
Contacts:
Pershimco Resources Inc.
Michael Curtis
President and CEO
450-793-1915
http://www.pershimco.ca
Paradox Investor Relations
514-341-0408
Toll Free within Canada / U.S. at 1-866-460-0408
514-341-1527 (FAX)
infoparadox@qc.aira.com
Source: PERSHIMCO RESOURCES INC."
New Gold-Silver System Discovered at Las Minitas, Mexico
Tuesday November 27, 12:52 pm ET
Major gold system uncovered during drilling of two historical silver targets: 24.5m grading 3.12 g/t gold and 43.80 g/t silver, including a 1 m section grading 26.07 g/t gold and 273.50 g/t silver
Silver-gold corridor extends for 3 km between Las Minitas and El Negro targets, with a potential length extending to over 10 km covering the remaining 4 of the 6 known targets
Untested potential being the focus of current second exploration program initiated today
CHIHUAHUA, MEXICO--(MARKET WIRE)--Nov 27, 2007 -- PERSHIMCO RESOURCES INC. (CDNX:PRO.V - News)(Frankfurt:BIZ.F - News) is pleased to announce that it has received the first batch of assay results from the recently completed 3,000 m / 19 hole diamond drilling program at the Las Minitas Gold-Silver Property in south western Sonora State, Mexico.
ADVERTISEMENT
Initial drilling focused mostly on validating historical drill assay results and in part expanding the resource potential along 2 of 6 historical targets, the Las Minitas (formerly the South Zone) and El Negro (formerly the NW Zone) mineralization.
To date, the Company has received 1,107 assay results from 10 of 19 drill holes (07-MN-01 to 10). The Las Minitas and El Negro validation drilling, field observations and results to date indicate The presence of a N-NW trending, minimum 100 m wide corridor containing highly oxidized volcanic breccias, NW-SE trending contacts with steep NE or SW dips, individual veins, veinlets and stockworks of quartz-carbonate, manganese staining, and abundant N, NW, E and sub-horizontal fractures, now considered to be the main mineralization corridor at Las Minitas.
The mineralization consists of disseminated and vein-type gold-silver, associated with both the host volcanic rocks and vein systems. Drill hole 07-MN-10 at the El Negro target intersected 3.12 g/t gold and 43.80 g/t silver over 24.5 m, including a 1 m section grading 26.07 g/t gold, 273.50 g/t silver, validating a number of historical assays from the sector, such as 0.89 g/t gold and 29.82 g/t silver over 3.2 m (DDH#69), 1.17 g/t gold and 3.77 g/t silver over 16.1 m (DDH#70), and 1.10 g/t gold and 50.39 g/t silver over 4.2 m (DDH#71) (from Petersen, 1997).
This global higher grade for gold and silver typifies the more disseminated nature of the mineralization at Las Minitas. The mineralization corridor covers a minimum 3 km strike length and 100 m width that includes the El Negro and Las Minitas mineralization, and is believed to extend for at least 10 km on the Las Minitas Project, containing the historic occurrences of Socorro, Aurifero V-1, Aurifero V-2, Aurifero V-3, and on the newly acquired Aurifero V claims, repeated at roughly 750 m spacings.
Pershimco's President & CEO, Mr. Michael Curtis stated " (...) We set out to validate the historical work at Las Minitas (...) the positive gold and silver received at this early stage are setting the stage for an aggressive exploration campaign in the coming weeks. We are set to prove up the full potential of the gold and silver mineralization over the 10+ km length of the mineralized corridor. We already knew that the first 3 km long Las Minitas - El Negro portion of the corridor already hosts significant gold-silver NI-43-101 mineral resources. We are positively surprised to find good silver and gold grades on the outskirts of the zones already known. (...) Based on these results we are deploying an exploration team to the property this Tuesday and initiating the second program that will include substantial core drilling. Pershimco is excited about the potential for both silver and gold over the entire Las Minitas Project ".
Table of significant silver-gold assays from the first batch of
assay results(i) (07-MN-01 to 10):
-----------------------------------------------
DDH # FROM TO INTERVAL AU AG
(m) (m) (m) (g/t) (g/t)
-----------------------------------------------
LAS MINITAS TARGET
-----------------------------------------------
07-MN-01 41.7 43.5 1.8 1.22 1.10
-----------------------------------------------
55.5 61.4 5.9 1.01 0.90
-----------------------------------------------
71.1 71.7 0.6 3.35 1.30
-----------------------------------------------
123.0 124.0 1.0 2.30 0.50
-----------------------------------------------
07-MN-02 82.0 93.8 11.8 2.90 3.70
-----------------------------------------------
INCL. 82.0 83.1 1.1 4.47 4.30
-----------------------------------------------
INCL. 83.1 84.0 0.9 0.18 2.90
-----------------------------------------------
INCL. 84.0 84.9 0.9 0.58 4.10
-----------------------------------------------
INCL. 84.9 86.4 1.5 0.42 2.70
-----------------------------------------------
INCL. 86.4 87.9 1.5 1.04 2.30
-----------------------------------------------
INCL. 87.9 89.4 1.5 1.39 3.10
-----------------------------------------------
INCL. 89.4 90.9 1.5 9.70 4.40
-----------------------------------------------
INCL. 90.9 92.3 1.4 1.14 2.60
-----------------------------------------------
INCL. 92.3 93.8 1.5 5.48 6.70
-----------------------------------------------
98.0 101.0 3.0 3.68 11.40
-----------------------------------------------
INCL. 98.0 99.5 1.5 5.52 13.10
-----------------------------------------------
INCL. 99.5 101.0 1.5 1.83 9.70
-----------------------------------------------
140.0 143.0 3.0 1.86 39.00
-----------------------------------------------
INCL. 140.0 141.5 1.5 2.17 74.50
-----------------------------------------------
INCL. 141.5 143.0 1.5 1.55 3.50
-----------------------------------------------
151.5 159.0 7.5 2.15 3.30
-----------------------------------------------
INCL. 151.5 153.0 1.5 5.88 2.30
-----------------------------------------------
INCL. 153.0 154.5 1.5 0.40 7.80
-----------------------------------------------
INCL. 154.5 156.0 1.5 1.95 2.00
-----------------------------------------------
INCL. 156.0 157.5 1.5 1.42 1.60
-----------------------------------------------
INCL. 157.5 159.0 1.5 1.09 3.00
-----------------------------------------------
07-MN-03 146.0 149.0 3.0 2.94 10.15
-----------------------------------------------
INCL. 146.0 147.5 1.5 2.48 5.50
-----------------------------------------------
INCL. 147.5 149.0 1.5 3.40 14.80
-----------------------------------------------
188.0 192.5 4.5 0.20 22.90
-----------------------------------------------
191.0 192.5 1.5 0.26 34.30
-----------------------------------------------
EL NEGRO TARGET
-----------------------------------------------
07-MN-04 39.5 41.0 1.5 0.49 29.00
-----------------------------------------------
68.6 70.0 1.4 0.86 19.50
-----------------------------------------------
141.9 143.4 1.5 2.35 2.80
-----------------------------------------------
07-MN-05 45.8 47.3 1.5 0.24 12.50
-----------------------------------------------
57.8 59.3 1.5 1.68 41.30
-----------------------------------------------
74.7 76.2 1.5 0.52 18.90
-----------------------------------------------
92.7 94.2 1.5 9.63 2.30
-----------------------------------------------
07-MN-06 84.1 84.8 0.7 0.01 29.20
-----------------------------------------------
102.7 104.6 1.9 1.61 2.40
-----------------------------------------------
151.3 152.5 1.2 0.03 13.80
-----------------------------------------------
07-MN-07 21.4 23.5 2.1 1.46 1.60
-----------------------------------------------
42.2 44.8 2.6 Trace 158.00
-----------------------------------------------
07-MN-08 76.8 78.1 1.3 1.54 2.20
-----------------------------------------------
07-MN-09 47.7 53.9 6.3 2.24 26.20
-----------------------------------------------
61.0 63.4 2.4 3.70 86.30
-----------------------------------------------
63.4 65.3 1.9 2.42 4.20
-----------------------------------------------
65.3 67.1 1.8 0.09 10.00
-----------------------------------------------
71.0 71.8 0.8 1.31 0.80
-----------------------------------------------
72.4 72.8 0.5 1.16 2.90
-----------------------------------------------
07-MN-10 51.7 76.2 24.5 3.12 43.80
-----------------------------------------------
INCL. 51.7 52.5 0.8 1.74 18.00
-----------------------------------------------
INCL. 52.5 53.5 1.0 26.07 273.50
-----------------------------------------------
INCL. 53.5 54.9 1.5 1.41 24.00
-----------------------------------------------
INCL. 54.9 56.3 1.4 0.37 12.80
-----------------------------------------------
INCL. 56.3 58.0 1.7 2.00 13.50
-----------------------------------------------
INCL. 58.0 60.0 2.0 0.60 22.10
-----------------------------------------------
INCL. 60.0 61.2 1.2 9.56 63.60
-----------------------------------------------
INCL. 61.2 62.8 1.6 2.46 22.50
-----------------------------------------------
INCL. 62.8 64.3 1.6 2.88 42.30
-----------------------------------------------
INCL. 64.3 66.5 2.2 1.16 45.30
-----------------------------------------------
INCL. 66.5 67.0 0.5 0.49 12.00
-----------------------------------------------
INCL. 67.0 69.3 2.3 0.50 17.70
-----------------------------------------------
INCL. 69.3 69.8 0.5 0.33 6.00
-----------------------------------------------
INCL. 69.8 70.8 1.0 6.98 189.50
-----------------------------------------------
INCL. 70.8 72.8 2.1 2.31 38.60
-----------------------------------------------
INCL. 72.8 74.6 1.8 3.61 44.90
-----------------------------------------------
INCL. 74.6 76.2 1.7 0.95 9.50
-----------------------------------------------
95.3 96.7 1.4 1.39 3.70
-----------------------------------------------
(i) Assays are still pending for drill holes 07-MN-11 to 19. Sample
preparation was done at the Sonora Sample Preparation Lab S.A. (of
Hermosillo, Mexico) using a jaw crusher (Rhino), crushed to less than
75% at -10 mesh. Some 250 grams were obtained by means of a riffle
splitter and pulverized down to 90% at -150 mesh using a ring
pulverizer. Samples were sent for gold and silver assaying at Techni-
Lab Inc. (of Ste-Germaine-de-Boule, Quebec). Duplicates, standards and
blanks were added to batches of 20 samples for QA/QC purposes. Interval
lengths are based on core lengths. True widths are unknown at this
time.
A total of 6 trenches (each 2 to 3 m deep, 3 to 5 m wide, and 25 m long) intersecting the mineralized corridor above the drilling were also completed at El Negro, and are currently being mapped and sampled at this time. Drill holes 07-MN-11 to 19, where gold-silver assay results are still pending, were centered on the trenches.
Background information on the Las Minitas Au-Ag Project
Pershimco Resources Inc. and Tara Gold Resources Corporation (Other OTC:TRGD.PK - News) (FSE: T8N) recently signed a definitive option agreement (refer to news release dated November 12, 2007) allowing Pershimco to earn a 75% direct property interest in the 20.41 km2 Las Minitas Gold-Silver Project. The Las Minitas Project is located in the western foothills of the Sierra Madre Occidental. 250 km SWW of Pershimco's La Bamba and San Miguel properties, and situated near mineral deposits owned by Agnico Eagle, Gammon Lake and Coeur D'Alene. The property is easily accessible year-round via 30 km of secondary roads north from the intersection of Highway #15 connecting Navojoa and Alamos to the village of Las Minitas.
Las Minitas hosts Indicated Mineral Resources of 13.53 million tonnes grading 260 g/t silver and 0.31 g/t gold (102.6 million ounces of silver and 120,500 ounces of gold), as outlined in a technical report completed in September 2006 by M. H. Sandidge, P. Geo., titled "Technical Report, National Instrument (NI) 43-101 Qualifying Property Report, Las Minitas Project, Sonora, Mexico".
The information in this news release has been prepared and reviewed by Mr. Jean Lafleur, P. Geo., Director and Technical Advisor to Pershimco, the Company's Qualified Person under NI 43-101.
About Pershimco Resources Inc.
Pershimco Resources Inc. is a Canadian based junior resource and exploration company trading under the symbol PRO on the TSX Venture Exchange and under the symbol BIZ on the Frankfurt Stock Exchange. The Company holds 100% of several mining properties including the Courville Gold Project, near the Val-d'Or Gold Mining Camp, The Company has an option to acquire a number of Mexican properties in the states of Chihuahua and Sonora, Mexico, including 100% of the newly acquired Cu-Zn-Au-Ag skarn Magistral Project and 75% of the Las Minitas Ag-Au project. Pershimco's wholly owned La Bamba and San Miguel properties, in the Cusi Mining District, are under option to Dia Bras Exploration. Pershimco's strategy is to advance its exploration properties towards metal reserves and eventual production. The Company currently has a cash position of C$ 4.5 million, which is sufficient to cover the next exploration phases of work on the Company's Mexican and Canadian properties.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements that could reflect Pershimco's objectives, estimates, expectations and the impact of acquisitions on Pershimco's financial performance. By their very nature, these types of statements involve risks and uncertainty. Consequently, reality may differ materially from Pershimco's projections or expectations.
Contact:
Contacts:
Pershimco Resources Inc.
Michael Curtis
President and CEO
450-793-1915
http://www.pershimco.ca
Paradox Investor Relations
514-341-0408
Toll Free within Canada / U.S. at 1-866-460-0408
514-341-1527 (FAX)
infoparadox@qc.aira.com
Source: PERSHIMCO RESOURCES INC."
"Press Release Source: Ressources Pershimco Inc
Pershimco Resources Inc.: Mexican Projects Update
Tuesday December 4, 2:03 pm ET
CHIHUAHUA, MEXICO--(MARKET WIRE)--Dec 4, 2007 -- PERSHIMCO RESOURCES INC. (CDNX:PRO.V - News)(Frankfurt:BIZ.F - News) wishes to update its shareholders on the continuing exploration programs and progress made in 2007 at its projects, and the upcoming Q1-2008 exploration campaigns in Mexico. Pershimco is currently pursuing exploration programs at the Cusi, Las Minitas and Magistral projects in northern Mexico.
ADVERTISEMENT
La Minitas Project
- Indicated Mineral Resources of 13.53 million tonnes grading 260 g/t silver and 0.31 g/t gold for 102.6 million ounces of silver and 120,500 ounces of gold
- Discovered significant gold component in the mineralization
- Strike extent of 3 km with potential for 10+ km
- 2 new properties acquired: the El Mezquite and Mariana properties
Mr. Jean Lafleur, Director and Technical Advisor to Pershimco states (...) As the Las Minitas historical data is being uncovered and validated, it has become clear that the higher grade silver mineralization is essentially located at the Las Minitas target, along the northern boundary of a major mineralization corridor (...) We essentially drilled a series of short holes 125 m SW of the main silver system. Nevertheless, the drilling identified a major gold system which appears to extend for at least 3 km in length and is more than 100 m wide linking the Las Minitas and El Negro targets (...) The gold mineralization was not previously recognized, and along with the 100 million ounce silver mineral resources remains open in all directions as drilling is to continue (...) Our opinion on the silver content of the Las Minitas Project has not changed (...).
Pershimco has been steadily working the Las Minitas project in the Las Minitas (South Zone) and El Negro (Northwest Zone) targets areas, including surveying of all drill holes and trenches dating from the 1990's campaigns, field mapping and sampling, trenching and drilling, in part to validate the historical database and outline the full extent of the mineralization. Results to date from field observations, 6 trenches at El Negro, 19 drill holes for 3,000 metres, and assays from 10 of these holes (3 at Las Minitas and 16 at El Negro) are indicating that:
- the Las Minitas and El Negro targets are part of the same 3 km long mineralization corridor;
- at least 4 targets remain untested at this time and form part of the same corridor that would extend for at least 10 km heading north on the Las Minitas project;
- there is a significant gold component in the mineralization, which as up until now been considered mostly a silver system (07-MN-10 at the El Negro target intersected 3.12 g/t gold and 43.80 g/t silver over 24.5 m, including a 1 m section grading 26.07 g/t gold, 273.50 g/t silver).
Las Minitas hosts Indicated Mineral Resources of 13.53 million tonnes grading 260 g/t silver and 0.31 g/t gold (102.6 million ounces of silver and 120,500 ounces of gold), according to a National Instrument 43-101 Technical Report completed in September 2006 by M. H. Sandidge, P. Geo. In order to secure the northern extension of the newly discovered mineralized corridor, Pershimco and Tara Gold acquired the El Mezquite and Mariana properties adding another 2.8 km2 to the project.
Cusi Project
- 20,000 m drill campaign planned
- Assay results from level 5 samples expected shortly
- Drift samples yield a total length 134.5 m grading 155 g/t silver
The Company expects to re-start its exploration efforts on the Cusi project early in the New Year, as Pershimco and Dia Bras are putting the final touches to the joint venture agreement. Details on the final joint-venture agreement should be communicated to shareholders in the near term. A total of 20,000 m of drilling is planned for the project, all to delineate higher quality mineral resources in 2008 to a depth of nearly 500 m below surface.
In 2007, underground mapping and channel sampling from the historical sub-level La Cabras Tunnel 1, some 50 m below and parallel to the La Bamba Pit, outlined silver bearing veinlets and stockworks within breccias. The total length of drift sampled totalled 134.5 m and graded 155 g/t silver. Host rocks are highly oxidized, but still reveal the black silver veinlets and stockworks, in places accompanied by quartz. Individual veins trend in several directions, including N-S, NE-SW, NW-SE and sub-horizontal. Veins outline several rectangular or lozenge-shaped and metric-sized blocks, composed of highly fractured and brecciated host rocks that plunge very steeply to the SW. The pattern was observed across a minimum 35 m true width. The pattern may have horizontal and vertical extents in the tens of meters. Assays from drill holes again confirm that narrower intervals contain higher silver grades, generally approaching the 1 kg/t, and can exceed 3 kg/t, and when wider envelopes are included, silver grades generally remain over 100 g/t over 5 to 40 m intervals. There is a clear indication of a significant silver system that could contain a large tonnage potential using combined narrow higher grade veins and wider lower grade haloes.
Channel and grab samples were also recently taken from the main sulphide bearing vein structure on Underground Level 5 at the San Miguel Mine which shows continuity in the mineralized structure and also contain lozenge-shape higher silver grade chimneys within the system. Assay results are expected before year-end.
Magistral Project
- Rodrigo contain up to 2.62 g/t gold, 252.1 g/t silver, and 23.66% copper
- 50 to 500 m wide skarn, extending for a combined 7 km strike length
The Company is currently planning and initiating the airborne High Resolution Magnetic and Frequency Electro-Magnetic surveys covering the entire 100 km2 area representing the Magistral portion of the Belt. The survey is expected to be instrumental in detecting the extensions of known magnetite-sulphides zones, as well as identifying on strike and at depth sulphide targets. Priority targets will be validated with drilling.
Work to date included:
- Geo-reference of historical data, drilling results and production reports;
- the rehabilitation of numerous access roads, 13.5 km in total, across the project and also the securing of 18 old workings with fences;
- trenching, with 10 trenches completed to date, totalling approximately 3 km in combined length, from different historical mineralized areas, all running perpendicular to the skarn in order to reach bedrock; and the 4 m deep trenches were mapped in detail and sampled on a continuous basis from the trench floor
- samples covered historic areas of iron mineralization linked to magnetite skarns, within an envelope of limestones and arenites altered to marbles and calc-silicate skarns found on the Melina, Camila, Magistral Dos, Rodrigo, Vicky, Ana, Isabel and Karla claim;
- the skarn is a continuous unit surrounding and capping a granite-granodiorite intrusive, varies in thickness from 50 m to 500 m, and extends the full length of the Magistral Project, a combined 7 km strike length;
- more than 800 selective trench and surface grab samples were collected during the Phase 1 work program that took place during May and June 2007; of these, the black magnetite-rich portions, particularly on the Rodrigo claims gave significant gold, silver and copper values, including 2.45 and 2.62 g/t gold, 44.30 and 252.1 g/t silver, and 4.51% and 23.66% copper.
Liquidity
The Company has a cash position of C$ 3.5 million and is not planning any more financing in the near future as it has all the funds required to fulfill its commitments and exploration programs for the coming quarter.
The information in this news release has been prepared and reviewed by Mr. Jean Lafleur, P. Geo., Director and Technical Advisor to Pershimco, the Company's Qualified Person under NI 43-101.
About Pershimco Resources Inc.
Pershimco Resources Inc. is a Canadian based junior resource and exploration company trading under the symbol PRO on the TSX Venture Exchange and under the symbol BIZ on the Frankfurt Stock Exchange. The Company holds 100% of several mining properties including the Courville Gold Project, near the Val-d'Or Gold Mining Camp, The Company has an option to acquire a number of Mexican properties in the states of Chihuahua and Sonora, Mexico, including 100% of the newly acquired Cu-Zn-Au-Ag skarn Magistral Project and 75% of the Las Minitas Ag-Au project. Pershimco's wholly owned La Bamba and San Miguel properties, in the Cusi Mining District, are under option to Dia Bras Exploration. Pershimco's strategy is to advance its exploration properties towards metal reserves and eventual production.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements that could reflect Pershimco's objectives, estimates, expectations and the impact of acquisitions on Pershimco's financial performance. By their very nature, these types of statements involve risks and uncertainty. Consequently, reality may differ materially from Pershimco's projections or expectations.
Contact:
Contacts:
Pershimco Resources Inc.
Michael Curtis
President and CEO
514-793-1915
http://www.pershimco.ca
Paradox Investor Relations
514-341-0408
Toll Free within Canada / U.S. at 1-866-460-0408
514-341-1527
infoparadox@qc.aira.com
Source: Ressources Pershimco Inc"
Pershimco Resources Inc.: Mexican Projects Update
Tuesday December 4, 2:03 pm ET
CHIHUAHUA, MEXICO--(MARKET WIRE)--Dec 4, 2007 -- PERSHIMCO RESOURCES INC. (CDNX:PRO.V - News)(Frankfurt:BIZ.F - News) wishes to update its shareholders on the continuing exploration programs and progress made in 2007 at its projects, and the upcoming Q1-2008 exploration campaigns in Mexico. Pershimco is currently pursuing exploration programs at the Cusi, Las Minitas and Magistral projects in northern Mexico.
ADVERTISEMENT
La Minitas Project
- Indicated Mineral Resources of 13.53 million tonnes grading 260 g/t silver and 0.31 g/t gold for 102.6 million ounces of silver and 120,500 ounces of gold
- Discovered significant gold component in the mineralization
- Strike extent of 3 km with potential for 10+ km
- 2 new properties acquired: the El Mezquite and Mariana properties
Mr. Jean Lafleur, Director and Technical Advisor to Pershimco states (...) As the Las Minitas historical data is being uncovered and validated, it has become clear that the higher grade silver mineralization is essentially located at the Las Minitas target, along the northern boundary of a major mineralization corridor (...) We essentially drilled a series of short holes 125 m SW of the main silver system. Nevertheless, the drilling identified a major gold system which appears to extend for at least 3 km in length and is more than 100 m wide linking the Las Minitas and El Negro targets (...) The gold mineralization was not previously recognized, and along with the 100 million ounce silver mineral resources remains open in all directions as drilling is to continue (...) Our opinion on the silver content of the Las Minitas Project has not changed (...).
Pershimco has been steadily working the Las Minitas project in the Las Minitas (South Zone) and El Negro (Northwest Zone) targets areas, including surveying of all drill holes and trenches dating from the 1990's campaigns, field mapping and sampling, trenching and drilling, in part to validate the historical database and outline the full extent of the mineralization. Results to date from field observations, 6 trenches at El Negro, 19 drill holes for 3,000 metres, and assays from 10 of these holes (3 at Las Minitas and 16 at El Negro) are indicating that:
- the Las Minitas and El Negro targets are part of the same 3 km long mineralization corridor;
- at least 4 targets remain untested at this time and form part of the same corridor that would extend for at least 10 km heading north on the Las Minitas project;
- there is a significant gold component in the mineralization, which as up until now been considered mostly a silver system (07-MN-10 at the El Negro target intersected 3.12 g/t gold and 43.80 g/t silver over 24.5 m, including a 1 m section grading 26.07 g/t gold, 273.50 g/t silver).
Las Minitas hosts Indicated Mineral Resources of 13.53 million tonnes grading 260 g/t silver and 0.31 g/t gold (102.6 million ounces of silver and 120,500 ounces of gold), according to a National Instrument 43-101 Technical Report completed in September 2006 by M. H. Sandidge, P. Geo. In order to secure the northern extension of the newly discovered mineralized corridor, Pershimco and Tara Gold acquired the El Mezquite and Mariana properties adding another 2.8 km2 to the project.
Cusi Project
- 20,000 m drill campaign planned
- Assay results from level 5 samples expected shortly
- Drift samples yield a total length 134.5 m grading 155 g/t silver
The Company expects to re-start its exploration efforts on the Cusi project early in the New Year, as Pershimco and Dia Bras are putting the final touches to the joint venture agreement. Details on the final joint-venture agreement should be communicated to shareholders in the near term. A total of 20,000 m of drilling is planned for the project, all to delineate higher quality mineral resources in 2008 to a depth of nearly 500 m below surface.
In 2007, underground mapping and channel sampling from the historical sub-level La Cabras Tunnel 1, some 50 m below and parallel to the La Bamba Pit, outlined silver bearing veinlets and stockworks within breccias. The total length of drift sampled totalled 134.5 m and graded 155 g/t silver. Host rocks are highly oxidized, but still reveal the black silver veinlets and stockworks, in places accompanied by quartz. Individual veins trend in several directions, including N-S, NE-SW, NW-SE and sub-horizontal. Veins outline several rectangular or lozenge-shaped and metric-sized blocks, composed of highly fractured and brecciated host rocks that plunge very steeply to the SW. The pattern was observed across a minimum 35 m true width. The pattern may have horizontal and vertical extents in the tens of meters. Assays from drill holes again confirm that narrower intervals contain higher silver grades, generally approaching the 1 kg/t, and can exceed 3 kg/t, and when wider envelopes are included, silver grades generally remain over 100 g/t over 5 to 40 m intervals. There is a clear indication of a significant silver system that could contain a large tonnage potential using combined narrow higher grade veins and wider lower grade haloes.
Channel and grab samples were also recently taken from the main sulphide bearing vein structure on Underground Level 5 at the San Miguel Mine which shows continuity in the mineralized structure and also contain lozenge-shape higher silver grade chimneys within the system. Assay results are expected before year-end.
Magistral Project
- Rodrigo contain up to 2.62 g/t gold, 252.1 g/t silver, and 23.66% copper
- 50 to 500 m wide skarn, extending for a combined 7 km strike length
The Company is currently planning and initiating the airborne High Resolution Magnetic and Frequency Electro-Magnetic surveys covering the entire 100 km2 area representing the Magistral portion of the Belt. The survey is expected to be instrumental in detecting the extensions of known magnetite-sulphides zones, as well as identifying on strike and at depth sulphide targets. Priority targets will be validated with drilling.
Work to date included:
- Geo-reference of historical data, drilling results and production reports;
- the rehabilitation of numerous access roads, 13.5 km in total, across the project and also the securing of 18 old workings with fences;
- trenching, with 10 trenches completed to date, totalling approximately 3 km in combined length, from different historical mineralized areas, all running perpendicular to the skarn in order to reach bedrock; and the 4 m deep trenches were mapped in detail and sampled on a continuous basis from the trench floor
- samples covered historic areas of iron mineralization linked to magnetite skarns, within an envelope of limestones and arenites altered to marbles and calc-silicate skarns found on the Melina, Camila, Magistral Dos, Rodrigo, Vicky, Ana, Isabel and Karla claim;
- the skarn is a continuous unit surrounding and capping a granite-granodiorite intrusive, varies in thickness from 50 m to 500 m, and extends the full length of the Magistral Project, a combined 7 km strike length;
- more than 800 selective trench and surface grab samples were collected during the Phase 1 work program that took place during May and June 2007; of these, the black magnetite-rich portions, particularly on the Rodrigo claims gave significant gold, silver and copper values, including 2.45 and 2.62 g/t gold, 44.30 and 252.1 g/t silver, and 4.51% and 23.66% copper.
Liquidity
The Company has a cash position of C$ 3.5 million and is not planning any more financing in the near future as it has all the funds required to fulfill its commitments and exploration programs for the coming quarter.
The information in this news release has been prepared and reviewed by Mr. Jean Lafleur, P. Geo., Director and Technical Advisor to Pershimco, the Company's Qualified Person under NI 43-101.
About Pershimco Resources Inc.
Pershimco Resources Inc. is a Canadian based junior resource and exploration company trading under the symbol PRO on the TSX Venture Exchange and under the symbol BIZ on the Frankfurt Stock Exchange. The Company holds 100% of several mining properties including the Courville Gold Project, near the Val-d'Or Gold Mining Camp, The Company has an option to acquire a number of Mexican properties in the states of Chihuahua and Sonora, Mexico, including 100% of the newly acquired Cu-Zn-Au-Ag skarn Magistral Project and 75% of the Las Minitas Ag-Au project. Pershimco's wholly owned La Bamba and San Miguel properties, in the Cusi Mining District, are under option to Dia Bras Exploration. Pershimco's strategy is to advance its exploration properties towards metal reserves and eventual production.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements that could reflect Pershimco's objectives, estimates, expectations and the impact of acquisitions on Pershimco's financial performance. By their very nature, these types of statements involve risks and uncertainty. Consequently, reality may differ materially from Pershimco's projections or expectations.
Contact:
Contacts:
Pershimco Resources Inc.
Michael Curtis
President and CEO
514-793-1915
http://www.pershimco.ca
Paradox Investor Relations
514-341-0408
Toll Free within Canada / U.S. at 1-866-460-0408
514-341-1527
infoparadox@qc.aira.com
Source: Ressources Pershimco Inc"
!
Dieser Beitrag wurde moderiert. Grund: Spammposting
echt ? Las Manitas war ja schonmal nix und wurde aufgegeben..habt ihr sicher mitbekommen, oder?
Wusste ich ehrlich gesagt nicht.
Kannst Du mal sagen warum
-und vor allem, ob es irgendwas war, weswegen man das
auch jetzt mit Vorsicht betrachten sollte??
(könnte ja auch was spezifisch nur damals zutreffendes
gewesen sein -wie z.B. am Boden liegende RSPreise)
Kannst Du mal sagen warum
-und vor allem, ob es irgendwas war, weswegen man das
auch jetzt mit Vorsicht betrachten sollte??
(könnte ja auch was spezifisch nur damals zutreffendes
gewesen sein -wie z.B. am Boden liegende RSPreise)
"Press Release Source: PERSHIMCO RESOURCES INC.
Pershimco and Tara Gold Settlement on the Las Minitas (Mexico) Option Agreement
Wednesday March 19, 10:00 am ET
CHIHUAHUA, MEXICO--(Marketwire - March 19, 2008) - PERSHIMCO RESOURCES INC. (TSX VENTURE:PRO - News; FRANKFURT:BIZ - News) and Pershimco's subsidiary Minero Metallurgica San Miguel, S. de R.L. de C.V. ("Pershimco") announce that the Company has reached a settlement with Tara Gold Resources Corp. and its subsidiary Corporacion Amermin S.A. ("Tara Gold") on the Las Minitas Gold-Silver Property holdings ("Las Minitas Property") in the State of Sonora, Mexico.
ADVERTISEMENT
Pershimco had signed a option agreement in May 2007 with Tara Gold, whereby it had the right to earn a 75% interest in Las Minitas Property (refer to the news release dated May 11, 2007). As part of Pershimco's due diligence process, the Company had initiated a field program to verify and validate the historical work, including a historical mineral resource. Based on new information obtained from the due diligence work and following communications with the TSX Venture Exchange about significant disclosures contained in press releases issued between 1994 and 1997 by a previous owner of the Las Minitas Property, Pershimco dropped its option Agreement (refer to the news release dated December 12, 2007). The option agreement was still subject to regulatory approvals, including the TSX Venture Exchange.
Pershimco was unable to validate if the historic database was complete and if it contained all the relevant historic drilling and assays done on the project. Pershimco also learned of and confirmed that a statement at that time was issued retracting a resource estimate at the Las Minitas Project, otherwise known in the 1990's as the La Fortuna Project. The retraction was based on a discrepancy in silver assays. Validation drilling by an optioning party at the time indicated that silver assays were lower than those originally obtained by the vending party over the same twinned intervals. The vendor reported at that time that the optioning party terminated its option on the La Fortuna Project following the results from the twinned holes. Pershimco dropped its option as a result of this new information, and retracted prior mineral resource estimates it had made on the project in 2007.
Tara Gold has now accepted the dissolution of the Las Minitas Property option agreement, and the full return of the Las Minitas Property from Pershimco, Pershimco would retain a 1% Net Smelter Returns Royalty ("NSR") on the Las Minitas Property subject to a buy-back option of CDN $0.5 million. Pershimco and Tara Gold continue to believe that the complimentary strengths of each have the potential to add considerable value through future partnerships.
Neither Pershimco nor Tara Gold will hold any claim of gain or liability, now or in the future, regarding the option agreement and its dissolution.
The information contained in this news release has been reviewed and approved by Mr. Jean Lafleur, M. Sc., Geol., Director and Technical Advisor, at Pershimco, Qualified Persons under National Instrument 43-101 regulations.
About Pershimco Resources Inc
Pershimco Resources Inc. is a Canadian based junior resource and exploration company trading under the symbol PRO on the TSX Venture Exchange and under the symbol BIZ on the Frankfurt Stock Exchange. The Company holds 100% of several mining properties, including the Courville Gold Project, near the Val-d'Or Gold Mining Camp. The Company has a number of Mexican properties in the state of Chihuahua, Mexico, including the Cu-Zn-Au-Ag skarn Magistral Project and the Ag-Zn La Bamba and San Miguel properties in the Cusi Mining District. Pershimco's strategy is to advance its exploration properties towards metal reserves and eventual production. Please visit our web site at www.pershimco.ca.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements that could reflect either party's objectives, estimates, expectations and the impact of either party's financial performance. By their very nature, these types of statements involve risks and uncertainty. Consequently, reality may differ materially from either party's projections or expectations.
Contact:
514-341-0408
ParaDox Investor Relations
Toll Free within Canada / U.S. at 1-866-460-0408
514-341-1527
infoparadox@qc.aira.com
Source: PERSHIMCO RESOURCES INC."
Pershimco and Tara Gold Settlement on the Las Minitas (Mexico) Option Agreement
Wednesday March 19, 10:00 am ET
CHIHUAHUA, MEXICO--(Marketwire - March 19, 2008) - PERSHIMCO RESOURCES INC. (TSX VENTURE:PRO - News; FRANKFURT:BIZ - News) and Pershimco's subsidiary Minero Metallurgica San Miguel, S. de R.L. de C.V. ("Pershimco") announce that the Company has reached a settlement with Tara Gold Resources Corp. and its subsidiary Corporacion Amermin S.A. ("Tara Gold") on the Las Minitas Gold-Silver Property holdings ("Las Minitas Property") in the State of Sonora, Mexico.
ADVERTISEMENT
Pershimco had signed a option agreement in May 2007 with Tara Gold, whereby it had the right to earn a 75% interest in Las Minitas Property (refer to the news release dated May 11, 2007). As part of Pershimco's due diligence process, the Company had initiated a field program to verify and validate the historical work, including a historical mineral resource. Based on new information obtained from the due diligence work and following communications with the TSX Venture Exchange about significant disclosures contained in press releases issued between 1994 and 1997 by a previous owner of the Las Minitas Property, Pershimco dropped its option Agreement (refer to the news release dated December 12, 2007). The option agreement was still subject to regulatory approvals, including the TSX Venture Exchange.
Pershimco was unable to validate if the historic database was complete and if it contained all the relevant historic drilling and assays done on the project. Pershimco also learned of and confirmed that a statement at that time was issued retracting a resource estimate at the Las Minitas Project, otherwise known in the 1990's as the La Fortuna Project. The retraction was based on a discrepancy in silver assays. Validation drilling by an optioning party at the time indicated that silver assays were lower than those originally obtained by the vending party over the same twinned intervals. The vendor reported at that time that the optioning party terminated its option on the La Fortuna Project following the results from the twinned holes. Pershimco dropped its option as a result of this new information, and retracted prior mineral resource estimates it had made on the project in 2007.
Tara Gold has now accepted the dissolution of the Las Minitas Property option agreement, and the full return of the Las Minitas Property from Pershimco, Pershimco would retain a 1% Net Smelter Returns Royalty ("NSR") on the Las Minitas Property subject to a buy-back option of CDN $0.5 million. Pershimco and Tara Gold continue to believe that the complimentary strengths of each have the potential to add considerable value through future partnerships.
Neither Pershimco nor Tara Gold will hold any claim of gain or liability, now or in the future, regarding the option agreement and its dissolution.
The information contained in this news release has been reviewed and approved by Mr. Jean Lafleur, M. Sc., Geol., Director and Technical Advisor, at Pershimco, Qualified Persons under National Instrument 43-101 regulations.
About Pershimco Resources Inc
Pershimco Resources Inc. is a Canadian based junior resource and exploration company trading under the symbol PRO on the TSX Venture Exchange and under the symbol BIZ on the Frankfurt Stock Exchange. The Company holds 100% of several mining properties, including the Courville Gold Project, near the Val-d'Or Gold Mining Camp. The Company has a number of Mexican properties in the state of Chihuahua, Mexico, including the Cu-Zn-Au-Ag skarn Magistral Project and the Ag-Zn La Bamba and San Miguel properties in the Cusi Mining District. Pershimco's strategy is to advance its exploration properties towards metal reserves and eventual production. Please visit our web site at www.pershimco.ca.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements that could reflect either party's objectives, estimates, expectations and the impact of either party's financial performance. By their very nature, these types of statements involve risks and uncertainty. Consequently, reality may differ materially from either party's projections or expectations.
Contact:
514-341-0408
ParaDox Investor Relations
Toll Free within Canada / U.S. at 1-866-460-0408
514-341-1527
infoparadox@qc.aira.com
Source: PERSHIMCO RESOURCES INC."
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