Markets

Paramount Gold and Silver Reports "Exceptional" Intercept From Wood Zone at Sleeper Gold Project in Nevada

paramount Gold and Silver Corp. (PZG.TO) announced today that new core drilling on its 100%-owned Sleeper Gold Project in Nevada has intercepted exceptional gold and silver grades below the Wood Pit in the southwestern portion of the original Sleeper mining concession.

A recently completed Preliminary Economic Assessment for Sleeper confirmed the potential for a highly profitable producer mining high volumes of low grade material, Paramount reports.

New drill hole PGC-12-027 cut an interval of 161.5 meters grading 1.04 g/T of gold and 13.1g/T of silver. Within this long intercept, the hole returned 10.7 meters averaging 6.01 g/T of gold and 95.3 g/T of silver.

Paramount is planning to complete an updated resource model for the Sleeper Gold Project in 2013 which will incorporate an additional 26 core holes totaling 8,800 meters drilled since the last resource model was completed.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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

Other Topics

Commodities

Latest Markets Videos

MTNewswires

Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

Learn More