- Pershimex Resources Corporation (PRO) has begun a new drilling campaign on its Villebon Property in Quebec.
- This drilling campaign covers a total of 1,100 metres spread over a dozen targets will allow Pershimex test the continuity of the mineralized structure containing the main existing gold veins on the property
- To date, at least eight gold mineralized veins are identified along a favourable structure of more than 1,200 metres
- The last drilling campaign conducted by Pershimex in 2014, reported an intersection of 17.0 g/t Au over 7.8 metres
- Pershimex is awaiting government decisions on the approval of the restoration plan for the Pershing-Manitou site as well as the approval of the permit application for bulk sampling in the surface crown pillar of the former mine
- Pershimex Resources Corporation (PRO) is unchanged trading at $0.05 per share as of 1:40 p.m. EST
Pershimex Resources Corporation (PRO) has begun a new drilling campaign on its Villebon Property in Quebec.
The Villebon project consists of 43 claims 100 per cent owned by Pershimex and is located 40 kilometres east of Val-d’Or.
This drilling campaign covers a total of 1,100 metres spread over a dozen targets will allow Pershimex to test the continuity of the mineralized structure containing the main existing gold veins on the property.
To date, at least eight gold mineralized veins are identified along a favourable structure of more than 1,200 metres.
Additionally, drillings will test the vertical extension of the mineralized system, which has never been verified at a depth of more than 150 metres.
The last drilling campaign conducted by Pershimex in 2014, reported an intersection of 17.0 g/t Au over 7.8 metres.
The main shear containing the mineralized veins is oriented in a NE-SW direction and has a locally plurimetric thickness.
The veins of smoky quartz are mineralized in pyrite, sphalerite, galena and visible gold.
The mineralized zone remains open in lateral extension and depth.
Following the recent success of the Courville project, the Pershimex team wants to set up the same foundations for a second project.
The potential in high-grade gold areas on the surface is known and its development represents only small-scale investments.
Pershimex is awaiting government decisions on the approval of the restoration plan for the Pershing-Manitou site as well as the approval of the permit application for bulk sampling in the surface crown pillar of the former mine.
Pershimex Resources Corporation (PRO) is unchanged trading at $0.05 per share as of 1:40 p.m. EST.