Pershimex Resources Corporation provided an update on various ongoing work. The bulk sampling work has begun on the Pershing-Manitou deposit on the Courville property, and the company announced the signing of an amended letter of intent concerning the acquisition of Pershimex's shares by Abcourt Mines Inc., as originally announced on June 9, 2022. Bulk sampling: Concerning the ongoing work on the Courville property, it should be noted that it began in early September under the technical assistance of the Groupe Minier Technica of Val-d'Or and Foresterie DG of Belcourt.

Since last week, two Epiroc T-40 drills are in operation at the site. The drills have been accelerating the production drilling and the delimitation of the external wall of the pit. Three test holes were drilled at the beginning, middle and end of the pit to verify the presence of the old mine gallery.

A single hole intersected the gallery, and this at a depth of more than 25 meters. The confirmation of the exact position of the gallery ensures the safety of the extraction operation that will follow shortly. Indeed, the first blasts allowing the extraction of the mineralized zone should begin next week.

The central line of the mineralized zone was sampled systematically. Indeed, 17 holes of 12 meters deep, each including 6 samples spaced at 2 meters for a total of 102 samples were collected. The samples are composed of a mixture of dust and rock fragments with a maximum dimension of about 2 cm.

The samples have a weight ranging from 1 to 3 kg will be analyzed in Australia by ALS Chemex, according to the method called PhotonAssay for gold. This new method used in Australian high-grade gold mines is very effective in cases of coarse gold coupled with high variability in grades caused by a significant nugget effect, which is the case for the Pershing-Manitou gold deposit.