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Paragon Minerals Corporation Shares Rise 33%, Company Announces No Fresh News

Paragon Minerals Corporation (PGR.V), a Canadian-based mineral exploration company focused on gold and base-metal exploration in Newfoundland and Ontario, has seen its share price rise 40% this morning (10.5 cents), despite announcing no fresh news.

Paragon's shares opened at 7 cents, and are currently trading at 10 cents. More than 1.22 million shares have changed hands. The shares hit a year high of 26.5 cents on December 31.

The company reported results of a four week geological mapping, prospecting and sampling program at its 100%-controlled Gold Star project in northwest Ontario last month. A total of 311 rock samples were collected and analyzed for gold. In addition, fourteen new claims (2,064 hectares) covering three key gold occurrences were added to the Gold Star property.

Paragon's flagship project is the 100%-controlled South Tally Pond VMS project where it is advancing a significant precious metal-rich massive sulphide discovery located in a producing base metal mining district in central Newfoundland.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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