Extends High Grade Gold and Silver Values at San Miguel Project in Mexico
Nevada, April 26, 2013 AEST (ABN Newswire) - Paramount Gold and Silver Corp. (
NYSE:PZG) (TSE:PZG) (P6G:FRA) today reported that a new drill program designed to test the depth potential of the high grade Don Ese Vein has intersected outstanding gold and silver grades over greater-than-expected widths, indicating that substantial additional resources could be developed below the current resource model.
Drill hole DS-13-030 targeted the Don Ese Vein approximately 100 meters below hole DS-12-025 which was drilled on the same section last year (see section below). DS-13-30 intercepted two structures-- 6.6 meters grading 2.5 grams per tonne (g/T) gold and 315 g/T silver in the hanging wall (8.4 g/T gold equivalent at current metal prices) and a further intercept of 19.4 meters grading 2.3 g/T gold and 246 g/T silver in the footwall (6.9 g/T gold equivalent). These two intercepts lie within a structural zone which is 50.6 meters wide with an average grade of 1.33 g/T gold and 150 g/T silver (4.1 g/T gold equivalent). Hole DS-13-030 is one of the best drilled to date at Don Ese and represents clear evidence of a structure which is widening at depth while continuing to report exceptional precious metal values.
For the entire release:
http://paramountgold.com/News/NewsRelease.asp?ID=100265
Contact
Chris Theodossiou
Manager of Corporate Development
(t) 613.226.9881 x 201
(f) 613.226.5106
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