ROUYN-NORANDA, QUEBEC- MARCH 21 2007
Pershimco Resources Inc. (TSX VENTURE: PRO) ") is pleased to release a first batch of drill results from the recently completed winter 2007 diamond drill campaign at the Company's 100% owned Courville Gold Property, 60 km NE of the Val-d'Or Mining Camp in northern Quebec.
A total of 5,115 m representing 33 NQ-sized holes was drilled at Courville to date. The current drilling tested a 500 m extension of the Thibodeau Intrusive Complex (TIC), 350 m to the northwest and 150 m southeast, beyond the 250 m historically tested interval. The mineralization is now extended over a 750 m segment of the 3 km long TIC. Best interval results to date are as follows:
150 M SOUTHEAST EXTENSION
|
DRILL HOLE |
FROM
(METERS) |
TO
(METERS)
|
LENGTH
(METERS)
|
AU
(g/t) |
|
PRO-07-01
including
and |
125.0
138.0
138.0 |
148.0
147.0
140.0 |
23.0
9.0
2.0 |
1.01
2.26
9.05 |
|
|
PRO-07-05
including
including
including
including |
18.0
22.0
41.0
41.0
46.0
57.0
98.0
98.0 |
19.0
23.0
58.0
51.0
47.0
58.0
104.0
100.0
|
1.0
1.0
17.0
10.0
1.0
1.0
6.0
2.0
|
2.62
1.14
1.54
2.02
15.92
4.30
1.07
2.37
|
|
|
12.0 |
14.9 |
2.9 |
0.92 |
|
PRO-07-07 |
140.0 |
141.0 |
1.0 |
2.04 |
|
PRO-07-08
including
including |
60.0
62.0
76.0
105.0
106.0 |
141.0
65.0
63.0
77.0
109.0
107.0
|
5.0
1.0
1.0
4.0
1.0
|
1.14
5.56
2.68
1.07
3.54 |
|
PRO-07-17 |
168.6 |
169.0 |
0.4 |
1.56 |
|
PRO-07-19
including |
23.0
61.0
73.0 |
24.0
62.0
74.0
|
1.0
1.0
1.0 |
1.85
1.57
1.75 |
|
PRO-07-20
including
including
including
|
49.0
49.0
49.0
77.0
77.0
90.0
150.0 |
59.0
54.0
51.0
82.0
78.0
91.0
151.0 |
10.0
5.0
2.0
5.0
1.0
1.0
1.0
|
1.01
1.76
3.42
1.01
3.52
2.38
4.54 |
350 M NORTHEAST EXTENSION
|
DRILL HOLE |
FROM
(METERS) |
TO
(METERS)
|
LENGTH
(METERS)
|
Au
(g/t) |
|
PRO-07-22
including
including |
71.0
71.0
96.0 |
117.0
86.0
107.0 |
46.0
15.0
11.0 |
1.01
1.50
1.51 |
*Assays are pending for the remaining drill holes for the south-east extension PRO-07-18, and north-west extension PRO-07-09 to 12, 14 to 16, 21, and 23 to 33.There is no drill hole PRO-07-13.The drill hole PRO-07-02,03,04 didn't give any significant result because they were drill to find the walls of the intrusive. Intervals are given in core lengths, which are very close to actual true widths, since the mineralized zones are sub-horizontal. Assay protocols were outlined in the news release of March 15, 2007).
The gold bearing TIC was intersected in all 33 drill holes from near surface to a -150 meter vertical depth. Whenever intersected, the TIC was distinctly altered carrying 1-2% disseminated pyrite and up to 10% quartz stockworks. Lamprophyres (possibly dykes) are common along the southern boundary of the TIC. Assay results to date confirm the high grade-narrow and low grade-wider intervals in the new proposed geological model for the Courville Property (refer to news releases of March 15 and January 16, 2007), consistent with other active gold projects in the Abitibi and Frotet Greenstone belts, for example Osisko's (TSX-V: OSK) Canadian Malartic between 1.14 and 1.20 g/t, Inmet's (TSX: IMN) Troilus @ 1.09 g/t). The Company plans additional drilling as soon as the geophysical survey and assay results have been received and assessed.
Documents referred to in this press release can be found on Sedar at www.sedar.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the
adequacy or accuracy of the contents herein.
FORWARD-LOOKING INFORMATION -- This press release contains forward-looking statements
reflecting Pershimco objectives, estimates, expectations and the impact of acquisitions on
Pershimco’s financial performance. These statements are identified by the use of verbs such as
"believe", "anticipate", "estimate", and "expect" as well as by the use of future or conditional
tenses. By their very nature, these types of statements involve risks and uncertainty.
Consequently, reality may differ materially from Pershimco’s projections or expectations.
