The Conversation (0)
Paragon Minerals Corporation (TSXV:PGR) provided a further update on exploration activities and results on its controlled South Tally Pond volcanogenic massive sulphide (VMS) project in central Newfoundland.
As quoted in the press release:
The South Tally Pond VMS project is located adjacent to the producing Duck Pond Cu-Zn Mine/Mill complex operated by Teck Resources Limited. With the 2011 drill program at the Lemarchant prospect now completed, Paragon is preparing an initial National Instrument 43-101 resource estimate and preliminary metallurgical studies on the Main massive sulphide zone at the Lemarchant Prospect.
Paragon Minerals’ President and CEO, Michael Vande Guchte said:
“Drilling this year at Lemarchant has encountered significant thicknesses of base metal massive sulphides with some very significant high-grade precious metal contents.” “The grade of the mineralization at Lemarchant is very good and management believes the Lemarchant Prospect is a sizeable VMS system that remains open for expansion. We look forward to completing the initial 43-101 resource estimate on the Lemarchant Main Zone this year”.
Click here to read the Paragon Minerals’ (TSXV:PGR) press release.
Click here to view the Paragon Minerals’ (TSXV:PGR) profile.