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    Paramount Gold And Silver Announces Additional San Miguel Assay Results

    Investing News Network
    Jul. 24, 2012 03:30PM PST
    Silver Investing

    Paramount Gold and Silver Corp. (TSX:PZG) announced that the results from an additional 16 shallow core holes along the Guazapares Megastructure on the San Miguel Project in Mexico continue to confirm the continuity of mineralization in the area, including 3.46 g/T of silver in hole LU-12-062 and 24.80 g/T of silver in hole LU-12-051.

    Paramount Gold and Silver Corp. (TSX:PZG) announced that the results from an additional 16 shallow core holes along the Guazapares Megastructure on the San Miguel Project in Mexico continue to confirm the continuity of mineralization in the area, including 3.46 g/T of silver in hole LU-12-062 and 24.80 g/T of silver in hole LU-12-051.

    As quoted in the press release, the results confirm:

     […] the presence of high grades including 24.10 meters of 6.57 g/T of gold and 3.46 g/T of silver in hole LU-12-062 and 14.15 meters grading 5.73 g/T of gold and 24.80 g/T of silver in hole LU-12-051.  Most of these holes were drilled into the 1.3 km long untested gap separating deposits at La Union and Santa Clara while several were drilled to fill in gaps within La Union and at depth.

    Click here to read the full press release.

    tsx:pzg
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