Paramount Gold and Silver Reports New Drill Results Expand High-Grade Zones on Its San Miguel Project in Mexico

Paramount Gold and Silver Corp. (TSX:PZG,AMEX:PZG,FWB:P6G) announced drilling results from the Mexico-based San Miguel project.

As quoted in the press release:

In-fill drilling on the southern portion of the Don Ese North vein intersected excellent gold and silver grades including 8.7 meters grading 2.25 g/T of gold and 106.7 g/T of silver. Ongoing in-fill drilling on the San Miguel Vein continued to return better-than-expected precious metal grades including 5.1 meters grading 2.9 g/T of gold and 411.2 g/T of silver.

Paramount’s CEO, Christopher Crupi said:

The high-grade intercepts at La Union demonstrate that some of the best zones at San Miguel remain open and are likely to expand. As we continue to refine our understanding of San Miguel mineralization, we expect further successful step-outs from known deposits.

Click here for the Paramount Gold and Silver Corp. (TSX:PZG) press release.