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PERSHIMCO RESOURCES INC.: Pershimco Produces Flux Grading Over 1 g/t Gold

^{Published on 2009-05-20 09:13:57, Last Modified on 2009-11-02 12:15:10 - Market Wire}
 

ROUYN-NORANDA, CANADA--(Marketwire - May 20, 2009) - PERSHIMCO RESOURCES INC. (TSX VENTURE:PRO)(FRANKFURT:BIZ) ("Pershimco" or the "Company") is pleased to confirm reception of final payment in regards to a first contract with Xstrata's Horne smelter for processing the 2500 tons bulk sample of gold bearing flux coming from the Thibodeau Intrusive Complex (or "TIC") as part of the Tonalite Project realized on its Courville gold property in the Abitibi mining region of Quebec.

The objective of the Tonalite Project is to determine its suitability of the TIC gold bearing material as a flux. The bulk sample contained grades of 1.011 g/t Au and 5.2 g/t Ag. The use of TIC material as a flux could ultimately lead to a long term, large volume agreement quickly turning Pershimco as a producer on its Courville property.

Mr. Alain Bureau, P. Eng., President and CEO of Pershimco comments: "We are happy with the results of this operation in the light of the recent growth of gold and silver prices. The possibility to use this ore as a pyrometallurgical flux is an added value to the project."

Pershimco continues to evaluate its Canadian Courville project. In other business, Pershimco is completing the legal transfer of a 50% interest of its Cusi Mining Camp concessions to its partner DiaBras Exploration Inc. as soon as legal arrangements on these Mexican concessions are completed.

The information contained in this news release has been reviewed and approved by Mr. Jean Lafleur, Geo., Qualified Person under National Instrument 43-101.

FOR THE BOARD OF DIRECTORS,

Alain Bureau, President and CEO

About Pershimco Resources Inc.

Pershimco Resources Inc. (TSX VENTURE:PRO)(FRANKFURT:BIZ) is a canadian-based resource exploration company which holds strategic properties located in Quebec, Canada and in the state of Chihuahua, Mexico.

The properties include a 100% interest in the highly prospective Courville Gold Project located in the Val-d'Or/Malartic Gold Mining Camp in Quebec. The Camp has historically produced 25 million ounces of gold. A 50% interest in the highly prospective La Bamba and San Miguel Silver properties located in the Cusi Silver Mining Camp, with Pershimco having the option to increase its interest in the project to 70% based on a new agreement with its partner Dis Bras Exploration Inc. A 100% interest in the polymetallic (copper-silver-gold-zinc) Skarn Magistral Project, also located in the State of Chihuahua, Mexico.

Pershimco's strategy is to advance its mid-stage exploration properties towards National Instrument 43-101 compliant mineral resources.

The Company's documents are available on [ www.sedar.com ].

For more information, please visit our site [ www.pershimco.ca ].

THE TSX VENTURE EXCHANGE (TSX-V) DOES NOT ACCEPT RESPONSIBILITY FOR 
THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS RELEASE MAY 
CONTAIN FORWARD-LOOKING STATEMENTS REFLECTING THE COMPANY'S 
OBJECTIVES, ESTIMATES, EXPECTATIONS AND THE IMPACT OF ACQUISITIONS ON 
THE COMPANY'S FINANCIAL PERFORMANCE. BY THEIR VERY NATURE, THESE 
TYPES OF STATEMENTS INVOLVE RISKS AND UNCERTAINTY. CONSEQUENTLY, 
REALITY MAY DIFFER MATERIALLY FROM THE COMPANY'S PROJECTIONS OR 
EXPECTATIONS.