Paramount Gold drills 8.33 g/t Au over 10.85 m

Paramount Gold and Silver Corp. has released more high-grade gold and silver values from six holes recently drilled at its 100-per-cent-owned San Miguel project in northwestern Mexico. These six holes from the continuing resource delineation program at the San Miguel vein target all returned excellent intercepts including 10.8 metres grading 8.33 grams per tonne gold and 32.5 g/t silver.

Paramount is currently using three core drills to explore new targets and to infill the two-kilometre-long San Miguel vein, the nearly one km long Don Ese North vein and the growing silver-rich San Antonio bulk tonnage area.

Paramount’s chief executive officer, Christopher Crupi, commented: “We expect these results to expand the size and increase the grade of the San Miguel vein resource. Over the next four months, we plan to report new resource estimates for all of the San Miguel deposits. We believe the new overall resource totals for the San Miguel project will reflect the outstanding success of our drilling programs over the last year.”

Source: Stock Watch