New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 19, 2014
08:13 EDTPZGParamount Gold & Silver announces new PEA for San Miguel Project
Paramount Gold and Silver announced that its independent consultants are nearing completion of a new NI-43-101 compliant resource estimate for its 100%-owned San Miguel Project in Northern Mexico to be followed by a revised Preliminary Economic Assessment, or PEA, for the project. A PEA is a complete, integrated project design which estimates mining and processing methods and rates of production, capital and operating costs, cash flows at specified metal prices, rates of return, mine life and net present values at a proposed discount rate. Mine Development Associates of Reno, Nevada is currently preparing the new resource estimate to incorporate the results of drill holes within the resource areas since the last estimate prepared in September 2012. The updated resource estimate is expected to materially upgrade resources from the inferred classification to measured and indicated classifications as well as increase the overall size of the resource. A revised PEA for the San Miguel project will follow the completion of the resource estimate, once again prepared by Metal Mining Consultants of Denver, CO. The revised Mine Plan will incorporate: the new resource estimate; current gold/silver prices; a heap leach scenario for the San Francisco and San Antonio zones; and a reconfigured model using smaller ore blocks. The new heap leach scenario at San Francisco and San Antonio is the result of the Company's foresight to evaluate material which was not included in the previous mill-only PEA scenario. The metallurgical work completed by McClelland Laboratories of Reno, NV confirmed that heap leaching this material is a likely scenario and could increase estimated resources, mine life and project economics.
News For PZG From The Last 14 Days
Check below for free stories on PZG the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
There are no results for PZG

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use