Sunday 23rd October 2016

Resource Clips

Paramount reports Mexico Assays of 2.61 g/t Gold, 513.84 g/t Silver over 13.5m

Resource Clips - essential news on junior gold mining and junior silver miningParamount Gold and Silver Corp TSX:PZG announced results from its San Miguel project in Mexico. Assays include

3.81 g/t gold and 245.7 g/t silver over 5 metres
(including 10.31 g/t gold and 664.12 g/t silver over 1.7 metres)
1.44 g/t gold over 10.7 metres
36.16 g/t silver over 6.2 metres
86.02 g/t silver over 4.6 metres
1.17 g/t gold and 26.82 g/t silver over 25.8 metres
(including 3.94 g/t gold and 123.43 g/t silver over 2.1 metres)
14.6 g/t gold and 24.5 g/t silver over 0.7 metres
1.68 g/t gold and 24.07 g/t silver over 6.8 metres
4.87 g/t gold and 23.04 g/t silver over 6.7 metres
338.75 g/t silver over 15.4 metres
(including 2,900 g/t silver over 0.7 metres)
1.06 g/t gold over 18.9 metres
2.61 g/t gold and 513.84 g/t silver over 13.5 metres
(including 6.58 g/t gold and 1,285.87 g/t silver over 5.1 metres)
2.05 g/t gold over 8 metres

CEO Christopher Crupi stated, “Our drilling on the San Miguel vein has exceeded expectations in terms of both continuity and grade. Our new infill program is focused on expanding and confirming high-grade resources at Don Ese, La Union and San Francisco. In addition, exploration drilling is probing the highly-prospective gaps within the 7.5-kilometre long La Union-La Veronica mega structure including the 1.3-kilometre gap between the San Antonio and La Veronica deposits as well as the 1.2-kilometre gap between La Union and Santa Clara. If we are right about the continuity of this structure, we expect to announce significant new discoveries this year.”

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Glen Van Treek
VP Exploration

or Chris Theodossiou
Investor Relations

by Ted Niles

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