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Be the first with the news that moves the market- Pershimex (TSXV:PRO) has poured its first gold dore at the Pershing-Manitou mine
- Located on Pershimex’s Courville property, the company has been mining the surface pillar at the past-producing site
- The company has received an ounce of gold from the first tonne of mineral pulled out of the surface pillar
- After received its permits to begin last month, the company is in the process of rehabilitating the former mine
- Pershimex (PRO) is up 23 per cent and is trading at C$0.08 per share
Pershimex (TSXV:PRO) has poured its first gold dore at the historic Pershing-Manitou mine.
Located on the Courville property, Pershimex is hoping to rehabilitate and re-open the past-producing site.
The first pour was processed with material from the surface pillar of the former mine.
A surface pillar is part of a common underground mine design called Room and Pillar mining, whereby the miners will extract rooms or fore while leaving pillars of untouched material to keep the mine stable.
The rest of the mine is built out from the surface pillar or crown pillar, the tallest, thickest and largest of these pillars.
The extraction work was completed during the spring of this year and was done as a follow up to the exploration work done on the Courville property last year.
The company dug a trench on top of the surface pillar last year and then sunk two drill holes below the trench, with both holes intersecting visible gold grains.
President and CEO of Pershimex, Robert Gagnon commented on the site’s first pour.
“The pouring of this first ounce of gold from a ton of mineralized material from the surface pillar of the former Pershing-Manitou mine is undoubtedly an important step in the continuity of our project.
“By the same, we validate the ease of recovering the gold on our Courville property,” he said.
Pershimex received the permits to rehabilitate the Pershing-Manitou mine last month from the Quebec Ministry of Energy and Natural Resources.
Pershimex (PRO) is up 23 per cent and is trading at C$0.08 per share.
