Last $0.72 USD
Change Today +0.01 / 1.41%
Volume 321.4K
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As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

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paramount gold and silver (PZG) Details

Paramount Gold and Silver Corp., an exploration stage company, acquires, explores, and develops gold, silver, and precious metal properties in the United States and Mexico. The company owns a 100% interest in the San Miguel property that comprises 40 mining concessions covering approximately 142,567 hectares located in southwestern Chihuahua, northern Mexico. It also holds interests in the Sleeper Gold project located in northern Nevada; the Mill Creek property, which consists of 36 unpatented lode mining claims covering 720 acres located to the south of Battle Mountain Nevada; and the Spring Valley property that includes 38 unpatented lode mining claims located in Pershing County, Nevada. The company was founded in 2005 and is headquartered in Winnemucca, Nevada.

20 Employees
Last Reported Date: 09/9/14
Founded in 2005

paramount gold and silver (PZG) Top Compensated Officers

Founder, Chief Executive Officer, President, ...
Total Annual Compensation: $284.6K
Chief Financial Officer
Total Annual Compensation: $200.0K
Chief Operating Officer and Vice President of...
Total Annual Compensation: $200.0K
Corporate Secretary
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

paramount gold and silver (PZG) Key Developments

Paramount Gold and Silver Corp. Announces New Core Drilling at its San Miguel Project in Northern Mexico

Paramount Gold and Silver Corp. announced that new core drilling at its 100%-owned San Miguel Project in northern Mexico continues to expand the potential size of the bulk minable San Francisco deposit. Three new holes intersected shallow oxide mineralization in areas with limited or no previous drilling. Two other recently reported holes also intersected wide zones of oxide precious metal mineralization close to surface in the San Francisco deposit. Together, these five holes are expected to increase the size of the San Francisco resource and pit configuration contained in the San Miguel Preliminary Economic Assessment (PEA) released on August 25, 2014. The San Miguel PEA proposed adding a heap leaching operation to what had previously been a mill-only development scenario for San Miguel, based on successful heap leach metallurgical tests. Adding a heap leach operation to the front end of the production scenario brought down initial capital costs while helping to fund underground mining and related mill construction from cash flow. The new PEA also featured a very substantial increase in resources compared to the 2013 PEA by including relatively lower grade material from bulk minable deposits like San Francisco. The PEA and its resource estimate established a 9 g/T silver equivalent cut-off grade for the open pit heap leach scenario at San Francisco (a 0.15 g/T gold equivalent grade). The current drilling is intersecting good widths of material grading at least three times this cut-off grade in areas outside the PEA pit design. This drilling should enable an increase of the resource and connect several smaller open pits into a single, larger pit with better mining economics.

Paramount Gold and Silver Corp. Announces Results from its High Grade Don Ese Deposit in Northern Mexico

Paramount Gold and Silver Corp. announced strong results from the first two core holes in the current drill program at the high grade Don Ese deposit, located on its 100%-owned San Miguel Project in northern Mexico. Wide intercepts of excellent grade are expected to upgrade resources in the north end of the deposit to the measured category, as part of Paramount's plan to complete a Pre-Feasibility Study for San Miguel, and potentially increase the average resource grade in this area. 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).

Paramount Gold and Silver Corp. Announces Second Drill Hole on the Newly Discovered Dana Structure at San Miguel, Mexico

Paramount Gold and Silver Corp. announced that the second drill hole on the newly discovered Dana structure at its 100%-owned San Miguel Project in northern Mexico has intersected high gold grades in addition to the significant silver grades found in the discovery hole released last week. The first hole drilled into Dana, DN-001, returned multiple intercepts of high grade silver with lower grades of gold including 3.6 meters of 157.1 grams per tonne of silver (g/T) and 0.40 g/T of gold containing assays up to 659 g/T of silver (21 ozs per ton) and 1.18 g/T gold. Paramount geologists believed that gold grades would increase at lower elevations similar to the nearby, high grade, Don Ese deposit which it resembles. DN-002 was drilled along strike 100 meters northwest of DN-001 to intersect the Dana structure 50 meters deeper. DN-002 cut a stock work zone with internal silicified breccia totaling 5.4 meters and grading an average of 3.79 g/T gold and 183 g/T silver, which amounts to a 6.84 g/T gold equivalent grade using a gold-to-silver ratio of 1 to 60. The new Dana discovery runs 400 to 500 meters southwest of the Don Ese structure and parallel to it, and has a strike length potential on Paramount ground of about one kilometer. Don Ese is the grade and most valuable gold/silver deposit at San Miguel. The location of Dana favors early development from underground in parallel with Don Ese. Paramount has made Dana a top priority for resource expansion by immediately moving a second core rig onto this target. Dana is just 800 meters northeast of Coeur Mining's Guadalupe underground mine currently under development at its Palmarejo Project. Guadalupe is expected to become the main source of ore for the Palmarejo operation. Paramount has completed a third hole located to intersect the structure to the southeast about 120 meters from DN-001 or 220 meters from DN-002. Core is now being assayed. A fourth hole is now in progress to intersect the structure a further 120 meters to the southeast.


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