Monday 26th September 2016

Resource Clips



Paramount reports Mexico Gold Assays up to 29.51 g/t over 7.8m

Resource Clips - essential news on junior gold mining and junior silver miningParamount Gold and Silver Corp TSX:PZG announced drill results from the Veronica-Santa Clara mega structure of its San Miguel project in Mexico. Highlights include

29.51 g/t gold and 19.11 g/t silver over 7.8 metres
(including 156.83 g/t gold and 77.82 g/t silver over 1.4 metres)
1 g/t gold and 318 g/t silver over 2.6 metres
6.2 g/t gold and 29.2 g/t silver over 1.7 metres
5.94 g/t gold over 1.2 metres
3.7 g/t gold and 17.34 g/t silver over 79.4 metres
(including 21.82 g/t gold and 33.35 g/t silver over 5.5 metres)

CEO Chris Crupi stated, “These are some of the best drill results encountered in the entire district. The new Clavo discovery could prove to be a game-changer for the San Miguel Project for three reasons. First, we have taken another major step towards proving that the seven-kilometre long Veronica-Santa Clara corridor is a continuously-mineralized structure connecting the known deposits within it. The 2.8 kilometres of undrilled gaps within this corridor become more exciting with each hole we drill. Second, the greater widths evident in hole 27 could support open-pit mining which would have major economic benefits. Finally, we are discovering gold-rich zones at depth below previously-identified silver mineralization as we had hoped. Each of these developments could greatly enhance the value of the San Miguel Project.”

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Contact:
Glen Van Treek
VP Exploration
613.226.9881

by Ted Niles

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