The Conversation (0)
Paramount Gold and Silver Corp. (NYSE:PZG,TSX:PZG) announced that they have intercepted high grade gold and silver over unusually large widths at their Sleeper Gold Project in Nevada.
Paramount Gold and Silver Corp. (NYSE:PZG,TSX:PZG) announced that they have intercepted high grade gold and silver over unusually large widths at their Sleeper Gold Project in Nevada.
As quoted in the press release:
PGC-13-033, drilled immediately to the west of the past producing Wood pit in the West Wood area, intercepted 305.26 meters grading 1.08 grams per tonne (g/T) of gold and 10.5 g/T of silver. This hole, which was drilled for metallurgical purposes, cut across the zone at an oblique angle; the true width of the mineralization has been estimated by Paramount to be around 150 meters (see cross section below). This is the second important hole recently drilled in the West Wood area.
Paramount’s CEO, Christopher Crupi, said:
The West Wood area holds considerable promise for improving the already robust economics of the Sleeper project. Its grade is well above the Sleeper average while its widths and near-surface location support low cost extraction. However, the West Wood resource cannot be included in the PEA until we have completed further metallurgical testing and designed an appropriate gold recovery process. We are confident that the testing now in progress will enable us to incorporate the valuable West Wood resource into our production scenario. We are also confident that our geological team will be able to use the enormous database we have assembled to find high grade Sleeper analogs within our expanded land position.
To view the whole press release, click here.
