UPDATE: Paramount Gold and Silver Corp Up 10%, Nears $3 Mark as Provides Mexico Update
Paramount Gold and Silver Corp. (PZG.TO) announced today new high grade assay results from 10 core holes drilled on its 100% owned San Miguel Project in northwestern Mexico.
Four holes drilled on the San Miguel Vein returned multiple high-grade gold and silver intercepts including 9.2 meters grading 5.56 g/T of gold and 120.14 g/T of silver and 21.95 meters grading 2.79 g/T of gold and 325.07 g/T of silver. These results are expected to upgrade inferred resources to higher categories and improve the average grade of the resource in this area, it said.
Six holes drilled on the San Antonio Target generated multiple near surface intercepts grading more than 100 g/T of silver. "These results demonstrate the potential for a shallow, bulk minable silver deposit with a minimal strip ratio and low operating costs. The San Antonio Target continues to expand with numerous new silver zones intercepted in step out drilling."
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.