Only 20M s/o!, 10% Zinc and open along strikeBy the end of the day things should look much brighter.
October 19, 2007
Paragon Intersects 14.6 metres of 9.46% Zinc, 2.13% Lead, 0.81% Copper, 73.4 g/t Silver and 1.85 g/t Gold at South Tally Pond Project
Precious Metal-Rich Massive Sulphides outlined over 200 metres
intersected precious metal-rich massive sulphide mineralization in all three drill holes completed to date at the Lemarchant copper-zinc prospect located in central Newfoundland, 20 kilometres southwest of Teck-Cominco Limited's Duck Pond copper-zinc mine. A fourth drill hole is in progress and represents a further 100-metre northerly step-out of this drill program.
The first three drill holes (LM07-13, 14 and 15), spaced 100 metres apart, have intersected massive to semi-massive polymetallic sulphide mineralization over widths of up to 14.6 metres. The zinc-lead-copper-silver-gold mineralization is located within the top portion of the Upper Lemarchant Felsic Block. The massive sulphide mineralization shows an increase in thickness to the north and locally replaces massive barite intervals intersected in drillholes LM07-14 and LM07-15. The massive to semi-massive sulphide plus barite intervals are underlain by intensely altered felsic volcanic rocks containing stringer and disseminated sulphides including pyrite, sphalerite and chalcopyrite over thicknesses up to 67 metres. The mineralization is open along strike and interpreted to be open to depth along the Lower Lemarchant Felsic Block. Drilling to date has outlined base metal massive sulphide mineralization over a 200 metre strike length.