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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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January 20, 2015
06:04 EDTPZGParamount Gold & Silver reports three holes intercepted gold and silver
Paramount Gold and Silver (PZG) reported that each of the last three core holes in its 2014 drill program have intercepted gold and silver mineralization. These holes targeted the higher grade Don Ese deposit, located on its 100%-owned San Miguel Project in northern Mexico immediately adjacent to Coeur Mining's (CDE) Palmarejo Mine Complex. DS-052 and DS-053 were infill holes drilled to upgrade the mineralized material estimate while DS-051 successfully tested the Don Ese vein at depth, effectively expanding the length of the known mineralization.

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