Panama Government Approves Pershimco's Environmental Addendum for the Next 5 Years
Published : January 10, 2013
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Keywords :   Canada | Gold | Market | Panama | Report | Transparency |

ROUYN-NORANDA, QUEBEC--(Marketwire - Jan. 10, 2013) - Pershimco Resources Inc. (the "Company" or "Pershimco") (News - Market indicators)(FRANKFURT:BIZ) is pleased to report that the Government of Panama, through the Autoridad Nacional del Ambiente (ANAM), approved the addendum of the Environmental Management Plan or Programa de Adecuacion y Manejo Ambiental (PAMA) that was presented earlier this fall which includes a 5 year multi-stage development plan for Pershimco's Cerro Quema Project (the "Addendum").

The Addendum was presented and evaluated by Panamanian environmental authorities which included a thorough site visit to the project from the government's authorities. The Adden dum now allows Pershimco, through its subsidiary Minera Cerro Quema S.A., to adopt a development strategy that will enhance the value of the project.

  • With the approval of the Addendum, Minera Cerro Quema S.A. now has the capacity to process up to 5,000 tons per day of oxide minerals for the extraction of the Pava deposit, including the possibility of the extraction Quema/Quemita deposit.

  • The Addendum provides a 5-year multi-stage development plan to increase the resource, evaluate the potential and bring Cerro Quema into full production. The development plan coincides with Pershimco's corporate strategy to progress rapidly into developing this asset.

  • Larger 'in-pit' gold resources have been registered on the project showing a halo of lower mineralization surrounding pods of high-grade material. The Addendum will allow Pershimco to work on a revised timeline bringing forward the optimum open pit extraction sequence for mining, providing additional value to the project.

  • The Addendum allows for additional metallurgical tests and bulk sampling to be conducted through a pilot facility, which will be done concurrently with the construction of infrastructures for the larger sized processing facilities.

  • The Addendum provides the framework to allow both Pershimco and the Panamanian authorities to cooperate in the creation of world-class project within the country.

Mr. Alain Bureau, President and Chief Executive Officer of Pershimco commented on the Addendum: "This is truly an important milestone for Minera Cerro Quema's environmental team. We are clearly convinced that hard work, sustained by a close cooperation and transparency with the Panamanian authorities, has been a key element in having this addendum accepted. The addendum brings an automatic value to the project as we worked diligently towards creating the best mining package every step of the way. Our objective is to efficiently invest our shareholders' capital in order that each ounce we discover mitigates risk and is easily mined."

About Pershimco Resources Inc.

Pershimco Resources Inc. is a Canadian-based resources and exploration company listed on the TSX Venture Exchange and the Frankfurt Exchange. The Company holds several mining properties in Canada and South America, including the extraction permitted Cerro Quema advanced project in Panama and the Courville Gold Project, in the Val-d'Or Gold Mining Camp, being explored in partnership with Osisko Mining Corporation. Skilled and reputable people with extensive mining, exploration and development experience manage the Company. The Pershimco Team and its investors is the key to its success.

The Corporation's documents are available on www.sedar.com.

Please visit the Corporation's website at www.pershimco.ca.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Statements made in this news release that are not historical facts are "forward-looking statements" and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking" statement.

Alain Bureau, P. Eng.
President and Chief Executive Officer
+1 (819) 797-2180
ressources@pershimco.ca
or
Richard Leroux
Investor Relations
+1 (514) 993-4510
info@pershimco.ca
Data and Statistics for these countries : Canada | Panama | All
Gold and Silver Prices for these countries : Canada | Panama | All

Pershimco Resources

PRODUCER
CODE : PRO.V
ISIN : CA76126F1053
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Pershimco Res. is a gold development stage company based in Canada.

Pershimco Res. produces gold, copper, lead, silver and zinc in Mexico.

Its main asset in production is CUSI in Mexico and its main exploration properties are CERRO QUEMA in Panama, COURVILLE in Canada and MAGISTRAL ( PERSHIMCO) in Mexico.

Pershimco Res. is listed in Canada. Its market capitalisation is CA$ 8.9 millions as of today (US$ 7.1 millions, € 6.4 millions).

Its stock quote reached its highest recent level on March 30, 2012 at CA$ 1.54, and its lowest recent point on November 25, 2022 at CA$ 0.02.

Pershimco Res. has 295 500 000 shares outstanding.

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Annual reports of Pershimco Resources
2008 Annual Report
2007 Annual Report
Financings of Pershimco Resources
6/6/2011Finalizes a Private Placement of $6,000,000 With Strategic P...
5/12/2011Completes a $ 3M Financing
2/2/2010announces the second closing of its private placement
1/13/2010announces the first closing of its private placement
12/21/2009 announces it intent to proceed with a private placement...
12/17/2009announces the closing of its flow-through private placement
12/9/2009Private Placement
Option Grants of Pershimco Resources
2/15/2011Grant of 250,000 stock options
Nominations of Pershimco Resources
3/14/2013Announces Resignation of Senior Officer
4/8/2011Appoints Serge Biron to lead the Pershimco Exploration Team ...
3/7/2011Appoints Jean Robitaille as Director
Project news of Pershimco Resources
7/25/2013(Cerro Quema)Gains Support for Deeper Geologic Potential at Cerro Quema P...
6/18/2013(Cerro Quema)Exploration Results Support Deeper Geological Potential at P...
2/22/2012New press release. Pershimco Resources
5/20/2011(Cerro Quema)Pershimco Advances Drilling and Sampling at Cerro Quema
5/19/2011(Cerro Quema)Advances Drilling and Sampling at Cerro Quema
4/26/2011(Courville)and Abitex Set Up Strategic Alliance to Develop the Courvill...
3/30/2011(Cerro Quema)Reports on the Progress of the 2011 Exploration Campaign in ...
Corporate news of Pershimco Resources
3/22/2016Panamanian Government Exonerates Pershimco Of Taxes - Furthe...
1/25/2016Pershimco Announces Shareholder Meeting Results
8/24/2015Pershimco Finances Cerro Quema To Complete All Engineering A...
3/12/2015Pershimco's Board Welcomes Former Rio-Tinto Mining Engineer ...
3/12/2015Board Welcomes Former Rio-Tinto Mining Engineer Angelina Meh...
3/12/2015Pershimco's Board Welcomes Former Rio-Tinto Mining Engineer ...
1/27/2015Pershimco Discovers New Gold-Copper-Molydenum Trend at its C...
1/19/2015Pershimco Files its Environmental and Social Impact Study fo...
11/12/2014Pershimco Acquires All Surface Rights for its 10,000 tpd Ope...
10/30/2014Pershimco Announces Shareholder Meeting Results
10/3/2014Pershimco Resources Inc.: Grant of Incentive Stock Options
9/29/2014Pershimco Increases its NPV with the Purchase of the NSR on ...
9/11/2014Pershimco Appoints Pierre Monet as Vice-President Finance an...
8/25/2014Pershimco Files NI 43-101 Following Release of Robust PFS on...
8/13/2014Pershimco Intercepts Porphyry Indicators Covering a Minimum ...
7/8/2014Pershimco Reports Solid PFS on Cerro Quema Gold Oxide Projec...
9/25/2013Provides Update on Annual Shareholders' Meeting
8/28/2013Former Codelco Director, Jorge Bande, to Be Nominated at Per...
8/22/2013Confirms Third Significant Copper-Gold System with 73 m @ 1....
8/13/2013(Cerro Quema)Buys Back 70% of Cerro Quema NSR
7/31/2013Pierre Bureau Joins Pershimco's Team as Project Management C...
7/31/2013Pierre Bureau Joins Pershimco's Team as Project Management C...
5/23/2013Announces Corporate Changes
3/20/2013Reports Average 92.8% Gold Recovery from Oxide Metallurgical...
2/19/2013Continues to Extend Mineralised Trend by Drilling Oxydes and...
2/6/2013Provides 2013 Exploration and Development Strategy Update
1/10/2013Panama Government Approves Pershimco's Environmental Addendu...
11/5/2012(Cerro Quema)Announces Filing of NI 43-101 Technical Report for Cerro Que...
10/18/2012Reports Additional Results 155m @ 0.46g/t Gold and 0.72% Cop...
9/25/2012Corporate Update and Results of the Annual Meeting of Shareh...
9/20/2012Announces 'In-Pit' NI 43-101 Resource Estimate Totalling 570...
9/13/2012Intercepts 36m @ 1.54 g/t Gold & 18m @ 1.47% Copper
10/6/2011News Release
7/12/2011(Cerro Quema)Now Extends the LaPava Gold-Copper Target More Than 500 Metr...
6/15/2011First Drill Results on New Zones Show Positive Potential Ups...
5/4/2010Corporate Update Q-1 2010
3/2/2010extension of due diligence period for proposed Cerro Quema p...
2/24/2010Becomes a major player in the abitibi's golden vallee
11/17/2009Increases its presence through the acquisition of 96 claims
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