Friday 21st October 2016

Resource Clips

Paramount reports Mexico Assays up to 0.55 g/t Gold, 137.4 g/t Silver over 28.9m

Resource Clips - essential news on junior gold mining and junior silver miningParamount Gold and Silver Corp TSX:PZG announced results from the La Union, San Francisco and Don Ese targets on its 100%-owned San Miguel Project in northwest Mexico. Highlights include

0.55 grams per tonne gold, 137.4 g/t silver over 28.9 metres
(including 2.09 g/t gold, 305.95 g/t silver over 2 metres)
1 g/t gold, 149.62 g/t silver over 13.35 metres
7.11 g/t gold, 8.03 g/t silver over 8 metres)
(including 26 g/t gold, 25.1 g/t silver over 1.85 metres)
1.43 g/t gold, 3.66 g/t silver over 9.6 metres
0.58 g/t gold, 21.63 g/t silver over 30.95 metres
0.63 g/t gold, 48.57 g/t silver over 8.2 metres
0.26 g/t gold, 10.66 g/t silver over 30.5 metres

According to 2011 43-101 resource estimates, San Miguel contains 3.15 million ounces gold and 39.8 million ounces silver measured and indicated and 2.47 million ounces gold and 70.9 million ounces inferred.

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Glen Van Treek
VP Exploration

Chris Theodossiou
Investor Relations

by Kevin Michael Grace

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