Paramount Gold Nevada Corp PZG

Metals & Mining Gold

Paramount Gold Nevada Corp. is engaged in the business of acquiring, exploring and developing precious metals projects in the United States of America. The Company owns both exploration and development stage projects in the states of Nevada and Oregon. Its projects include Sleeper Gold Project, Grassy Mountain Project, Frost Project, and Bald Peak Project. The Company’s material Nevada property, the Sleeper Gold Project (Sleeper), is located in Humboldt County, Nevada. Its material Oregon property, known as the Grassy Mountain Project, is located in Malheur County, Oregon, approximately 22 miles south of Vale, Oregon, and roughly 70 miles west of Boise, Idaho. The project site is situated in the rolling hills of the high desert region of the far western Snake River Plain and consists of 455 unpatented lode claims and three patented lode claims all totaling roughly 8,280 acres. Its subsidiaries include New Sleeper Gold LLC, Sleeper Mining Company, LLC, and Calico Resources USA Corp.

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Paramount Gold Nevada Corp

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Post by AndrewC2on Dec 21, 2010 7:57am

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Post# 17874696

Another Press Release

/paramountgold.com/News/NewsRelease.asp?ID=100199" target="_parent">https://paramountgold.com/News/NewsRelease.asp?ID=100199). The Don Ese vein is not exposed at the surface but was initially located by surface features including fractured and broken rocks indicative of a fault zone, anomalous silver and gold geochemistry and distinctive clay mineralogy. Surface exploration for these markers is now being conducted along strike to the south of the Don Ese discovery and has identified the favorable geology, geochemistry and clay mineralogy as well as vein exposures in a corridor about 7,500 meters along strike and 2,500 meters wide on Paramount's San Miguel concessions. The Company expects to develop multiple targets for drill testing in early 2011 from these sub-parallel vein zones within the Guadalupe/Don Ese mineralized corridor.

Work in this mineralized corridor to date has identified two parallel north-northwest trending veins where drill testing is indicated from surface work. A 6,000 meter core drilling program has been designed to test these targets starting in January. The surface expression of these veins is currently known to be 1500 meters and 800 meters but the limits of these veins have not been determined. Continuing surface exploration within the corridor has identified several additional areas of interest which could generate additional targets for drill testing in the first quarter of 2011.

Exploration activities at San Miguel are being conducted by Paramount de Mexico personnel under the supervision of Bill Threlkeld a Qualified Person as defined by National Instrument 43-101. An ongoing and rigorous quality control/quality assurance protocol is being employed during the program including blank, duplicate and reference standards in every batch of assays. Cross-check analyses are being conducted at a second external laboratory on 10% of the samples. Samples are being assayed at ALS Chemex, Vancouver, B.C., using fire assay atomic absorption methods for gold and aqua regia digestion ICP methods for other elements.

Paramount Gold and Silver holds a 100% interest in several North American gold projects. The Corporation's principal asset is the San Miguel property in Chihuahua State, Mexico. For more information on the Corporation visit the Company's website at https://www.paramountgold.com.

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