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January 14, 2014
06:03 EDTPZGParamount Gold & Silver intersects high grade values at San Miguel project
Paramount Gold and Silver reported outstanding results from the first phase of an ongoing core drilling program on its 100%-owned San Miguel Project in northern Mexico. As previously announced, Paramount recently resumed drilling with two core rigs at its San Miguel Project. The drill program is designed to move the San Miguel Project towards an updated Preliminary Economic Assessment which could incorporate a heap leach scenario for mid-to-lower-grade material. Objectives for the current work program include: adding resources at two new high priority exploration targets; acquiring material for further metallurgical testing of heap leach processing; and upgrading inferred resources to measured and indicated.
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October 23, 2014
05:41 EDTPZGParamount Gold & Silver intersects high-grade gold at San Miguel
Paramount Gold and Silver announced that the second drill hole on the newly discovered Dana structure at its 100%-owned San Miguel Project in northern Mexico has intersected high gold grades in addition to the significant silver grades found in the discovery hole released last week. The first hole drilled into Dana, DN-001, returned multiple intercepts of high grade silver with lower grades of gold including 3.6 meters of 157.1 grams per tonne of silver and 0.40 g/T of gold containing assays up to 659 g/T of silver and 1.18 g/T gold. Paramount geologists believed that gold grades would increase at lower elevations similar to the nearby, high grade, Don Ese deposit which it resembles. DN-002 was drilled along strike 100 meters northwest of DN-001 to intersect the Dana structure 50 meters deeper. DN-002 cut a stock work zone with internal silicified breccia totaling 5.4 meters and grading an average of 3.79 g/T gold and 183 g/T silver, which amounts to a 6.84 g/T gold equivalent grade using a gold-to-silver ratio of 1 to 60. The new Dana discovery runs 400-500 meters southwest of the Don Ese structure and parallel to it, and has a strike length potential on Paramount ground of about one kilometer. Don Ese is the highest grade and most valuable gold/silver deposit at San Miguel. The location of Dana favors early development from underground in parallel with Don Ese. Paramount has made Dana a top priority for resource expansion by immediately moving a second core rig onto this target. Dana is just 800 meters northeast of Coeur Mining's Guadalupe underground mine currently under development at its flagship Palmarejo Project. Guadalupe is expected to become the main source of ore for the Palmarejo operation. See the map below.
October 21, 2014
05:12 EDTPZGParamount substantially expands San Francisco bulk tonnage potential
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