For thousands of other reports visit RSC's Mineral Intellingence Map
Pershimex Resources Corp.
Summary
| Project: | Malartic | |
|---|---|---|
| Deposit: | Malartic | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/24/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-4-2018: Pershimex Resources Corp. announces an Exploration/Drilling Update report for its Malartic deposit at the Malartic project. Drilling results incl. 10m @ 1.39g/t Au at project. Rouyn-Noranda, Québec, April 24, 2018: Pershimex Resources Corporati | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Robert Gagnon (Internal) | |
| ABSTRACT: | Rouyn-Noranda, Québec, April 24, 2018: Pershimex Resources Corporation (“Pershimex” or the “Company”) (TSX VENTURE: PRO) is pleased to announce that the first phase of exploratory drilling has been completed on the Malartic property. This property, in partnership with Dundee Precious Metals Inc. (“Dundee”) is located near the prolific Cadillac Fault, about 12 km northwest of the Canadian Malartic Mine (Agnico Eagle-Yamana Gold Mines Inc.), and 2 km east of the Lapa Mine (Agnico Eagle Mines). A total of 1,942 meters of drilling has been made (9 drill holes) on the entire Malartic property. The analysis results are available for the first 3 drill holes (MLDD001 to MLDD003) that have been drilled 500 m northwest of the historic Révillard gold showing. The drilling carried out demonstrates the continuation of the deposit of the Révillard gold showing for over 500 m. The mineralized zone is included in a major shear system located in the stratigraphic contact of mafic volcanics of the Blake River Group and sediments of the Kewagama Group. Mineralization consists of pyrite-pyrrhotite-carbonate and tourmaline-bearing quartz veins and veinlets in brecciated and sheared zones. The best analysis results are comprised in a sheared and veined 10-meter zone (120.1 to 130 m). The MLDD003 drill hole intercepted 1.39 g/t gold over 10 meters including 2 meters at 5.5 g/t gold. True widths are estimated to be 7.5 metres and 1.5 metres respectively. Note that based on the available geological observations, large areas of alterations were intercepted in the MLDD004, MLDD007 and MLDD009 drill holes. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report