Pershimco hits gold at Courville showing (November 22, 2004)

Surface work and shallow diamond drilling by Pershimco Resources (PRO-V) have revealed gold mineralization at the Courville property in the Abitibi area of Quebec.

Channel samples and shallow diamond drill holes in a strongly altered tonalite (quartz diorite) dyke returned gold values of up to 166 grams per tonne and silver values of up to 455 grams per tonne. The mineralization is in a network of quartz veins in the tonalite; the tonalite dyke extends about 1 km in strike length and averages 75 metres wide.

The sampled area is an 80-metre-long section of the dyke, with five systematic channels, 61 to 84 metres long, cut at 20-metre intervals. Twelve vertical diamond drill holes, testing down to about 25 metres, and some selective channel samples, complete the coverage.

In the drill core samples, gold grades ranged from 0.003 to 166 grams per tonne and silver grades from 0.1 to 231 grams. In channel samples, gold grades ranged from 0.006 to 146 grams; silver grades, from 0.1 to 455 grams per tonne.

Pershimco is calculating an average grade for the sampled area and plans further work.