Paramount Gold and Silver Corp. (TSX:PZG,NYSEMKT:PZG) announced the results from the last five holes drilled in 2014 at the San Francisco deposit at its Mexico-based San Miguel project.

As quoted in the press release:

With the addition of San Francisco to the project design, in 2014 Paramount drilled 10 new core holes totaling 2,529 meters outside the deposit’s current resource with the aim of expanding it  with the potential of mining the deposit through a single, larger open pit. All 10 holes returned long mineralized intercepts. Paramount believes that the San Francisco heap leach scenario constitutes an inexpensive option to increase gold and silver production in a combined San Miguel/Palmarejo operation.

Click here to read the full Paramount Gold and Silver Corp. (TSX:PZG,NYSEMKT:PZG) press release.