Paramount Reports “Strong” Drill Results from Don Ese Deposit

Paramount Gold and Silver Corp. (TSX:PZG,NYSE:PZG) announced the results of the first two core holes completed as part of the current drilling program at its Don Ese deposit. The deposit is located at the company’s Mexico-based San Miguel project.

As quoted in the press release:

DE-046 intersected the Don Ese vein for 20.2 meters including an internal 6.1 meter zone with no core recovery (NR) where the material was likely too soft to retain integrity within the core barrel. Above the NR zone, 10.85 meters averaged 2.00 g/T gold and 213.51 g/T silver. Below the NR zone, another 3.25 meters graded 4.34 g/T gold and 222.4 g/T of silver.

Drill hole DE-047 intersected a wider-than-expected 29 meters of structure averaging 1.47 g/T gold and 154 g/T silver, including a higher grade zone of 5.9 meters grading 2.61 g/T gold and 369.3 g /T silver, an outstanding 8.76 gold equivalent g/T grade (using a 1 to 60 gold-to-silver price ratio).

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