Tuesday 25th October 2016

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Paramount reports Mexico Gold Assays as high as 4.85 g/t over 4m

Paramount Gold and Silver Corp PZG:CA reported assay results from the Central San Francisco Zone of its San Miguel Project in northwestern Mexico. Highlights include 1.12 g/t gold and 54.9 g/t silver over 9 metres, 1.98 g/t gold over 14.8 metres, 4.85 g/t gold and 48.1 g/t silver over 4 metres, 2.76 g/t gold over 32.5 metres.

CEO Christopher Crupi said, “The San Francisco target area is opening up into a much larger system than we originally anticipated. We now see the potential for a much larger, shallow bulk-mineable gold resource with associated silver grades. Preliminary metallurgical tests from this area are also encouraging.”

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Paramount Gold and Silver Corp,
or 866.481.2233

by Ted Niles

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