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News Breaks | | | | January 7, 2013 | | 08:35 EDT |  | PZG | Paramount Gold & Silver's Sleeper Gold Project extends mineralization
Paramount Gold and Silver announced that new core drilling on its 100%-owned Sleeper Gold Project in Nevada continues to expand both the PAD Zone discovered in 2011 and the prospective South Sleeper area. This drilling is part of an ongoing program to enhance the already robust economics of the project's recently completed Preliminary Economic Assessment released on September 13, 2012. The PEA predicts a 17 year operation with estimated average annual gold production of 172,000 ounces, a pre-tax NPV of $695M at a 5% discount rate and an IRR of 26.8%, all at a gold price of $1,384/oz. | |
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