Paragon drills 7.0 metres of 1.65% copper, 12.74% zinc, 3.27% lead, 185.75 g/t silver and 10.13 g/t gold at South Tally Pond

Paragon Minerals Corporation (TSXV:PGR) provided an update on the drilling activities and results on its South Tally Pond volcanogenic massive sulphide (VMS) project, central Newfoundland.

The press release is quoted as saying:

The South Tally Pond VMS project is located adjacent to the producing Duck Pond Cu-Zn Mine operated by Teck Resources Limited.

A total of fourteen step-out and infill drillholes (3,450 metres) have now been completed on the Lemarchant Main massive sulphide zone. The drill program has further outlined and expanded the massive sulphide mineralization intersected from sections 101N to 104N. The Lemarchant Main massive sulphide zone extends over 300 metres, remains open up-dip and to the south, and is interpreted to continue down-dip in the fault displaced lower felsic block. The Main massive sulphide zone has been intersected at vertical depths of 150 to 220 metres.

Paragon Minerals’ President and CEO, Michael Vande Guchte said:

“Drilling at Lemarchant continues to encounter significant thicknesses of base metal massive sulphides and we are very encouraged by the presence of high-grade precious metals.””With the drill program now complete, Paragon will look to produce a preliminary NI43-101 resource estimate on the Main massive sulphide zone”.

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