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Paramount Gold and Silver Announces New Assay Results from San Miguel Project

Paramount Gold and Silver, a U.S. based exploration and development company, has announced the latest assay results from the core drilling program, which is being conducted at its San Miguel Project in Mexico.

The company drilled three new core holes at Don Ese North that intersected thicknesses of about 17.6 m of silver and gold values, which include 6.0 m grading 363.62 g/T of silver and 6.89 g/T of gold. Prior and present drilling results confirm the continuous strength of this high-grade zone.

The exact thickness of the Don Ese vein is approximately 10 m, but is locally about 19 m wide. It is a large quartz vein that contains textures typical of low sulfidation and epithermal deposits, which also exist in other vein deposits in the area like the Palmarejo Mine. The Don Ese North vein strikes towards the Palmarejo Mine.

So far, core drilling was used to trace the mineralized vein for almost 1,000 m along strike. This vein is still exposed down dip. The company will obtain the permits shortly and will extend the drilling along strike on the Don Ese South target region.

Overall, 20 drill holes totaling 10,050 m have been carried out on the Don Ese North and among these, 7 holes were included in the NI 43-101 resource estimate.

The company has planned for additional drill holes. Both indicated and measured resources for this deposit are anticipated to increase considerably.

Assays results from another main hole in the central part of La Union confirm that the high grade in this deposit is exposed both to the south and north and at depth. The company will drill this structure, which has not been tested so far.

Source: http://paramountgold.com/

Joel Scanlon

Written by

Joel Scanlon

Joel, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD. Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia. Joel is skilled in project management, web programming, design, animation, database and networking, software and editing. Joel has been with AZoNetwork since its inception in 2000.

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