Thursday 27th October 2016

Resource Clips

Paramount reports Mexico Assays including 5.08 g/t Gold over 22m

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

3.29 g/t gold and 5.02 g/t silver over 27.5 metres
(including 11.04 g/t gold and 19.53 g/t silver over 5.7 metres)
15.15 g/t silver over 17 metres
1.34 g/t gold over 14.9 metres
19.9 g/t gold and 19.1 g/t silver over 1.5 metres
8.47 g/t gold over 7.7 metres
(including 54.1 g/t gold over 1.1 metres)
81.4 g/t silver over 4 metres
1.55 g/t gold and 23.72 g/t silver over 18.8 metres
5.08 g/t gold and 10.98 g/t silver over 28.2 metres
(including 17.06 g/t gold and 23.99 g/t silver over 7.7 metres)
6.21 g/t gold and 53.71 g/t silver over 4.9 metres

CEO Christopher Crupi commented, “La Union is now joining Don Ese and the San Miguel Vein as important sources of high-grade gold mineralization. These zones are expected to generate a substantial increase in gold resources in our next NI 43-101 estimate scheduled for later this quarter. More importantly, we believe that as we unravel the factors affecting gold deposition, we will be able to connect the high-grade occurrences into a much larger, continuous body. Two rigs continue to drill on the Guazapares Megastructure where the unexplored gaps are proving to be highly productive.”

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Glen Van Treek
VP Exploration

or Chris Theodossiou
Investor Relations

by Ted Niles

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