Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Work begins on estimating the Mineral Resource of the Surface Crown Pillar of the former Pershing-Manitou Mine

VAL-D’OR, Quebec, Jan. 19, 2021 (GLOBE NEWSWIRE) -- Pershimex Resources Corporation (« Pershimex » or « the company ») (TSX VENTURE: PRO) announces that it has just begun work to estimate the mineral resource contained in the surface crown pillar of the former Pershing-Manitou mine in accordance with standard 43-101. The mandate was entrusted to the firm Solution 3D Geo Inc. (3DGS) from Val d'Or for the completion of this important work which is essential for the completion of Phase 2.

Phase 2 of our ambitious Courville project aims to confirm and validate the presence of the historic mineral resource contained in the surface crown pillar of the former Pershing-Manitou mine. The goal of this project is to make a comparison between the amount of gold predicted by this calculation and the amount of actual gold contained in the pillar once it is mined. Historical reports at the time, which are non-compliant with standard 43-101, mention the presence of 43,350 tons at 7.8 g/t of gold for a total of about 10,000 ounces of gold contained in the surface pillar of the former mine.  The qualified person responsible for this press release has not done enough work to classify the historical estimate as a current resource and the company does not treat the historical estimate as a current resource given the working methods in place during historical calculations. 3DGS' resource assessment work will, among other things, build a valid and independent resource model, based on drilling done by Pershimex last winter. The assessment of the economic parameters as well as the creation of the pit shell will be carried out by the engineering firm BBA in collaboration with 3DGS. All of this work will finally result in a comprehensive resource assessment report that complies with the 43-101 standard required to obtain approvals for further exploration work.

Robert Gagnon, president and CEO, stated: « We are pleased to partner with a resource valuation firm like Solution 3D Geo Inc. which is an ambitious, highly competent and dynamic company. This association will allow us to significantly advance our project to extract the surface crown pillar of the old Pershing-Manitou mine in the context of a high gold price. We have enough funds in the bank with more than $1.5 million to begin engineering work and obtain the necessary permits to carry out it. »

This press release was prepared by Robert Gagnon, a professional geologist and president of Pershimex, a qualified person under Regulation 43-101.

For more information, please contact:
Robert Gagnon, President

Tél.: (819) 825-2303
Jacques Levesque, CFO

Tél: (819) 797-4354


The TSX Venture Exchange and its regulatory service provider (as expressed in the policies of the TSX Venture Exchange) assume no responsibility for the relevance or accuracy of the information contained in this press release.

The facts in this press release that are not historical facts are "forward-looking statements" and readers are cautioned that such statements are not a guarantee of success and that future developments and results may differ from those projected in these forward-looking statements.

Comment On!

Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to (via Easy Blurb).