Paragon Completes Drilling at South Tally Pond VMS project

- October 6th, 2011

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.

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.

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