The Conversation (0)
Paragon Minerals Corporation (CVE:PGR) reports an update on its continued drilling activities on its South Tally Pond volcanogenic massive sulphide project, Newfoundland, Canada.
The press release is quoted as saying:
Twelve step-out and infill drillholes (~3,000 metres) are currently being completed on the Lemarchant “main” massive sulphide zone. The drilling is aimed at further defining and expanding the massive sulphide mineralization already intersected from sections 101N to 104N. All six of the drillholes (1,735 metres) completed to-date intersected copper-lead-zinc massive sulphide mineralization. Two of these drillholes successfully extended the massive sulphide zone a further 35 metres up-dip to the west (to 140 metres wide) on sections 103+00N and 102+50N.
Paragon Minerals’ President and CEO, Michael Vande Guchte says:
“We are very encouraged with the up-dip extensions to the mineralization on the main massive sulphide zone at the Lemarchant prospect. We see some good continuity and thickening of the mineralization between the drillholes, excellent base metal grades and some outstanding gold and silver values.” “The main zone mineralization remains open up-dip and along strike and is interpreted to continue at depth in the lower felsic block”.
Click here to access the entire news release.