Pershimco Resources has received the 2011 exploration assay results from the Cerro Quema, which is a copper-gold project in Panama.
The company has performed validation drilling at the Quema target and has intersected 3.61 g/t gold over 36 m and 0.93 g/t gold over 94 m. These fresh results belong to the company’s most eastern drill holes.
Longitudinal view of the Western area in Cerro Quema project
The recent holes that are drilled vertically at the Quema target bring more than 4.3 km of the longitudinal footprint that contains the LaPava target at the west end, where the two service rigs are drilling currently. These reverse circulation (RC) holes have quickly confirmed the occurrence of the oxide gold cap at the Quema-Quemita for making the resources to an industrial standard of 43-101. During the process, the company has blocked drilling the RC hole PRH11009 in the supergene layer based on some mechanical reasons and has cut 0.57 g/t gold, 2 g/t silver and 1.66% copper over 3 m. depending on the results of the current and LaPava drilling, the company will increase the number of drilling rigs to double once the rainy season comes to an end in mid-November.
The length of the core depends on perpendicular drilling at the mineralized oxide dome. Pershimco’s additional exploration will allow comprehensive modeling program at the deposit.
During this rainy season in Panama, the company has to perform fan-drilling along LaPava target’s north section using two drilling rigs for bringing the mineralization quickly towards NI 43-101 compliant resources and probing the deep potential of gold and copper at the LaPava target. The platforms for drill locations and all access roads have been set for the service rigs along the north slope of the LaPava target.