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Stock Market & Financial Investment News

News Breaks
July 8, 2014
06:07 EDTPZGParamount Gold & Silver reports positive new resource estimate for San Miguel
Paramount Gold and Silver released the results of a new resource estimate prepared by Mine Development Associates of Reno Nevada, or MDA, for Paramount's 100%-owned San Miguel Project in northern Mexico. The new resource model on which the estimate is based "represents a major step forward in the evolution of San Miguel from a raw exploration prospect to what is now a mature, high quality economic opportunity," said Paramount CEO Christopher Crupi. In the new model, estimated global measured and indicated, or M&I, contained ounces of gold increased a robust 76%, from 638,000 to 1.12M. Estimated M&I contained ounces of silver rose 44%, from 53.6M to 77.1M. Inferred resources of gold and silver fell slightly as a portion of the inferred was converted to higher categories but the size of the total resource increased substantially. At a silver-to-gold ratio of 60, estimated M&I gold equivalent ounces total 2.41M at an estimated average gold equivalent grade of 1.71 g/T. For a detailed breakdown of tonnes and grade by category, please see the tables below.
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June 23, 2015
06:09 EDTPZGParamount Gold Nevada metallurgical tests support potential for improvements
Paramount Gold Nevada announced that a final report from its metallurgical consultants confirms the potential for substantially higher gold recoveries from Paramount's 100%-owned Sleeper Gold Project in Nevada. Column test gold recoveries from oxide material now average 80% from 78% - column test gold recoveries from mixed material average 77.5% - gold recoveries from sulfide material range from 76%-92.6% following proven oxidation pre-treatment.

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