The Conversation (0)
Paragon Minerals Corporation (CVE:PGR) reports an update on its exploration activities underway on its South Tally Pond VMS project, Newfoundland.
The press release is quoted as saying:
The South Tally Pond project is located adjacent to and is in the same volcanic belt as the producing Duck Pond Cu-Zn Mine/Mill complex operated by Teck Resources. Seven drillholes (2,500 metres) of a planned 9,000 metre drill program has now been completed and 1,315 line kilometres of airborne EM/magnetic geophysical survey was completed over two, un-surveyed areas of the property.
Paragon’s President and CEO, Michael Vande Guchte says:
“We are encouraged with the drilling to-date at the Lemarchant discovery. The thick massive sulphide intersected in drillhole LM11-52, highlights the potential of expanding the Lemarchant massive sulphide zone with additional drilling.” “Our drilling in the North Target area has intersected a similar, favourable mafic to felsic volcanic stratigraphy and remains open for further drill testing along strike, dip, and to depth. Given the geological endowment at Lemarchant, we believe there is excellent potential for expanding and delineating new zones of high-grade massive sulphide mineralization”
Click here to access the entire news release.