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Stock Market & Financial Investment News

News Breaks
January 22, 2014
08:38 EDTPZGParamount Gold & Silver reports favorable gold recoveries from Sleeper deposit
Paramount Gold and Silver announced that a successful preliminary bio-oxidation test of the high grade sulfide material from the West Wood area of Paramount's 100%-owned Sleeper Gold Project indicates that this high grade resource could be included in a revised Preliminary Economic Assessment, or PEA. Resources from West Wood were not included in the original 2012 PEA because of poor expected recoveries from the heap leach operation proposed for Sleeper in the PEA. Paramount CEO Christopher Crupi confirmed that the bio-ox test results "could have a major impact on the economics of the Sleeper Project. West Wood contains the highest grade material at the project, is close to the processing facilities and has a favourable strip ratio. Getting this resource into the economic model has been a high priority for us since completing the PEA."
News For PZG From The Last 14 Days
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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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