Paramount Gold and Silver Corp. is an exploration company focused on precious metals and trades on the AMEX Exchange under the symbol (PZG) and on the Frankfurt Stock Exchange under the symbol (P6G). The company has two primary objectives which includes aggressively exploring and developing the San Miguel project, and fully developing the potential of two projects located in South America.
The company’s San Miguel project is located in Northern Mexico within the Temoris mining district which is part of Sierra Madre Occidental’s prolific gold-silver belt. Gold and silver mineralization in the area occurs as quartz veins and breccias within the west-northwest and north-northwest striking faults. In the past there have been multiple nearby discoveries including Palmarejo, Mulatos, Delores, Ocampo, and El Sauzal.
The management team has more than 325 year of combined mining experience. Lawrence Segerstrom, the COO, previously served as a manager of the Geologic Services Group for Freeport McMoRan where he managed all onsite geologic activities in the Grasberg Mining District. He has a B.S. and M.S. in Geology as well as an M.B.A.
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Paramount Gold and Silver Corp. (AMEX:PZG) announced that the company has received assay results from the first ten drill holes finished in the La Veronica area of its San Miguel project. These holes were drilled to test a new area of old workings and attractive surface geochemistry, and tests have confirmed that mineralization persists for at least 70 meters below the surface exposures.
Larry Segerstrom, COO of Paramount Gold and Silver Corp, stated “We are encouraged by the positive results from this first phase of drilling at La Veronica and in particular the presence of higher gold values. Several more holes have been completed and we are looking forward to the results from those holes. This drilling adds a new 400 meter segment of attractive mineralization within the 8 km long main structural zone at San Miguel.”
Before drilling began, Paramount took detailed photos of the entire core. Paramount also took details into account that introduced certified standards, blanks and duplicates into the sample stream to make sure quality control was in place. The qualified person who has reviewed this news release is Dana C. Durgin, M. Sc. Economic Geology.
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Paramount Gold and Silver Corp.
is a precious metals exploration company quoted on the AMEX under the symbol PZG and listed on the Frankfurt Stock Exchange under the symbol P6G (WKN: A0HGKQ). The Company’s objectives are to explore and develop the San Miguel project
, located in Chihuahua, Mexico within the Sierra Madre Occidental gold/silver belt and fully develop the potential of the strategic alliance with Teck Cominco for gold exploration in South America. For more information, please visit the Company’s web site at: www.paramountgold.com
(now available in the following languages: English, German, French, Spanish, and Mandarin).
For more information, please visit: http://www.qualitystocks.net/partners.php?partnerid=scvoice