10:53 AM EST - Para Resources, Inc. : Announced an initial exploration plan for the Tr-Ue Vein near Oatman, Arizona and approximately 1.5 miles from the Gold Road mill and mine. The program, anticipated to begin in May, will start with the first phase of approximately five holes totaling 3,750 feet in conjunction with a geophysics program to orient future drilling. The program focuses on the Tr-Ue vein around the historic United Western and United Eastern mines. The United Western mine operated between 1928-1940 and produced 40,000 oz at an average gold grade of 0.30oz/t (10.3 g/mt). The United Western mine is located 1.7 miles on a paved road to the Gold Road mill. The United Eastern mine ran from 1917-1923 producing 550,000 oz at an average grade of 1.12 oz/t (38.40 g/mt). Para Resources, Inc.
shares V.PBR are trading unchanged at $0.21.
