Paramount Gold Discovers a New Silver Zone at San Miguel, Sangre de Cristo Assaying up to 706 gpt Silver Across 7 Meters.CHIHUAHUA, Mexico -- Paramount Gold Mining Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :PGDP PGDP Paducah Gaseous Diffusion Plant PGDP Project Gutenberg's Distributed Proofreaders )(FWB:P6G) is pleased to announce further assay results from its continuing sampling program at its San Miguel project located near Temoris, Chihuahua, Mexico. The highlight of these latest assays results is the discovery of a new silver zone on the Sangre de Cristo Sangre de Cristo (Spanish: "blood of Christ") can refer to either:
Commenting on the results, Bill Reed, Manager of Exploration, Mexico stated, "Recently reported silver assays from a sampling and mapping program in the Sangre de Cristo area has identified a mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. N30 - 45W trending zone averaging between 2 and 14 meters in width for more than 600 meters along strike. The close proximity of this new silver discovery to the La Blanca zone will enhance the silver resource already identified at La Blanca." Rock chip samples were collected across a mineralized zone with a width of 7 meters averaged 295 grams per tonne silver (9.5 ounces/ton). A group of rock chip samples collected across 14 meters in pit #2 averaged 224 grams per tonne silver (7.2 ounces/ton). A group of rock chip samples collected across two old adits excavated within a mineralized dacite da·cite n. A light gray volcanic rock containing a mixture of plagioclase and other crystalline minerals in glassy silica, similar in appearance to rhyolite. [After Dacia. dike averaged 706 grams per tonne silver (22.8 ounces/ton) across 7 meters. The entire dike was not exposed across its full width. Gold values within all these zones are in the 0.10 to 0.50 grams per tonne range. The assaying of samples was conducted by ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund. Chemex labs in Vancouver. The qualified person in charge of the San Miguel project and the person who prepared the technical data in this release is Charles W. (Bill) Reed, BSc, Mineralogy (Utah). About San Miguel San Miguel is currently comprised of 16 concessions covering an estimated 6 kms strike of silver and gold mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. . It is located in Chihuahua, Mexico and lies in the Temoris mining district, part of the gold-silver belt of the Sierra Madre Occidental Sierra Madre Oc·ci·den·tal A mountain range of northwest Mexico running parallel to the Pacific coastline and adjoining the Mexican plateau. It extends for about 1,609 km (1,000 mi) southward from the border of Arizona. Noun 1. . Paramount signed an agreement in August 2005 with Amermin S.A. de CV, a subsidiary of American Stellar Energy Inc., to acquire a 70% interest in the San Miguel project. About Paramount Gold Paramount Gold Mining Corp. is a precious metals exploration and development company. It is management's objective to grow Paramount into a significant gold and precious metals producer by developing the San Miguel and Linda projects in Mexico and Peru, and by acquiring other advanced-stage projects and/or producing mines in the most prolific precious metal districts in the world. The Company trades on the OTC market under the symbol "PGDP" and on the Frankfurt Exchange under the symbol "P6G". For more information, please visit the Company's web site at: www.paramountgold.com (now available in the following languages: English, German, French, Spanish, and Mandarin). |
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