Friday 28th October 2016

Resource Clips

Paramount reports Mexico Assays of 3.88 g/t Gold, 274.9m g/t Silver over 26m

Resource Clips - essential news on junior gold mining and junior silver miningParamount Gold and Silver Corp TSX:PZG announced drill results from the Don Ese North deposit of its San Miguel project in Mexico. Highlights include

3.88 g/t gold and 274.9 g/t silver over 26.1 metres
(including 17.91 g/t gold and 1,102 g/t silver over 2.5 metres)
0.85 g/t gold and 88.35 g/t silver over 4.6 metres
1.76 g/t gold and 289.87 g/t silver over 1.2 metres
37.84 g/t silver over 11.1 metres
2.47 g/t gold and 179.34 g/t silver over 2.6 metres
5.83 g/t gold and 245.95 g/t silver over 23.1 metres
(including 38.8 g/t gold and 2,570 g/t silver over 1 metre)

CEO Christopher Crupi commented, “We continue to drill the San Miguel project with three core rigs, one at Don Ese, one testing the gaps in the Guazapares Mega-Structure and one pursuing new targets such as the structure we have found east of Don Ese. Thanks to the quality and experience of our technical team, we are now consistently finding exceptional grades in our drilling and we are confident that this trend can continue. As a result, we have substantially upgraded our expectations for the San Miguel Project. We are proving that we have one of the best projects of its kind in Mexico.”

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Glen Van Treek
VP Exploration

or Chris Theodossiou
Investor Relations

by Ted Niles

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