Paragon Minerals Corporation (CVE:PGR) reports it has began its drill program on South Tally Pond zinc-copper-lead-silver-gold volcanogenic massive sulphide (VMS) project, Newfoundland, Canada.
The press release is quoted as saying:
The planned drill program includes 7,500 metres (23 holes) focused on further defining the Lemarchant massive sulphide mineralization towards a NI 43-101 compliant resource; and 1,500 metres (6 holes) testing three other priority targets on the property including the Duck West and Beaver Lake VMS prospects.
Paragon Minerals’ President and CEO, Michael Vande Guchte says:
“We are pleased to resume drilling at South Tally Pond project with an aggressive drill program” “We believe given the geology, alteration and mineralization that there is a tremendous potential for additional massive sulphide deposits to be found in this producing volcanic belt, starting with our Lemarchant massive sulphide discovery. Our goal in this program is to expand the Lemarchant copper-lead-zinc mineralization and discover new massive sulphide zones elsewhere on our property”.