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Pershimco Resources Inc. (PRO)
Exchange: TSX Venture Exchange
$0.350
May 22, 2013, 10:51 PM EDT
Change: -0.04 (-9.09%)
Volume: 123,300

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Ressources Pershimco Inc. caries on exploration on San Miguel property, Mexico

ROUYN-NORANDA, QC, Dec. 7 /CNW Telbec/ - Ressources Pershimco Inc.
(TSX : PRO) continues its activities at the San Miguel silver mine, in
Chihuahua state, Mexico. The mine, discovered in 1687, has been to date the
most productive mine of the district with between 250 000 and 300 000 tons of
ore extracted down to a depth of 152 meters. Some mines of this district
produced ore down to a depth of 500 m.
In 2005, processes of rehabilitation and sampling of the mine have been
started. The electrical network has been modernized and a sump pump has been
installed to allow dewatering of the openings to a depth of 90 m at level 300.
A systematic sampling of the drift by channelling of the floor has been
carried on at a spacing of 10 meters.
A total of twenty-three (23) samples have been collected from the silver
bearing structure. The vein is observed on the full length (74 meters) of the
drift leading to a stope. It is a breccia with up to 20% sulphides (pyrite,
silver bearing galena, argentite and sphalerite). Its average width in the
drift varies between 1.05 and 1.75 m and widens to 5.85 m at the beginning of
the stope. Within the stope two (2) intersecting structures are observed.
AndrDe Liboiron, geologist, carried on the sampling. He is a qualified
person under National Instrument 43-101.
All samples are currently being analysed. Results will be published
shortly.
Ressources Pershimco Inc. is also studying a financial offer from FIFOMI,
a public Mexican organisation, coordinated by the Economic Secretary, who's
mandate is to supply financial services for mining companies operating in
Mexican territory. A letter of intent from the FIFOMI has been addressed to
Pershimco.

The TSX Venture has not reviewed and does not accept responsibility for
the adequacy or accuracy for this release.
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