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January 30, 2014
08:17 EDTPZGParamount Gold & Silver finds higher grades than predicted at San Miguel
Paramount Gold and Silver reported additional outstanding results from ongoing core drilling on its 100%-owned San Miguel Project in northern Mexico. Paramount has been drilling at San Miguel since late last year with two core drill rigs. Three more holes were drilled into the Don Ese area to upgrade and expand resources. Infill drill hole DS-13-040 intersected 23.9 m grading 4.99 g/T of gold and 336 g/T of silver including individual intercepts up to 59 g/T of gold and 2,793 g/T of silver, over 80 ounces of silver per ton. Step out hole DS-13-42,drilled about 140 meters down dip from DS-13-040, returned 24.3 meters of 4.82 g/T of gold and 312 g/T of silver, including intercepts up to 13.2 g/T of gold and 697 g/T of silver. These results are expected to add ounces to the Don Ese resource and to improve the confidence level of the resources from inferred 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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