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    Paragon provides further update on South Tally Pond VMS project

    Investing News Network
    May. 04, 2011 07:19AM PST
    Base Metals Investing

    Paragon Minerals Corporation (CVE:PGR) reports a further update on its exploration activities on its South Tally Pond volcanogenic massive sulphide project, Newfoundland.

    Paragon Minerals Corporation (TSXV:PGR) reports a further update on its exploration activities on its South Tally Pond volcanogenic massive sulphide project, Newfoundland. 

    The press release is quoted as saying:

    Paragon has made a significant copper-lead-zinc-silver-gold VMS discovery at the Lemarchant prospect, located approximately 20 kilometres from the Duck Pond mine site. The 2011 drill program is aimed at further defining the Lemarchant mineralization towards a NI 43-101 compliant resource and to test other high priority targets areas on the property. Ten drillholes (3,326 metres) of a planned 9,000 metre drill program have now been completed.

    Paragon’s President and CEO, Michael Vande Guchte says:

    “We remain encouraged with the drilling to-date at the Lemarchant massive sulphide discovery. Rapid changes in thickness of the massive sulphides can be expected in these types of environments and further step-out and infill drilling is required”

    Click here to access the entire news release.

    Click here to access Paragon’s company profile.

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