10:00 AM EST - Paramount Gold and Silver Corp. : released results from an updated NI 43-101- compliant resource estimate for its 100%-owned San Miguel Project in Mexico. The new estimate reports 639,000 ounces of gold in the indicated category and another 830,000 ounces of gold classified as inferred. For silver, indicated resources are now estimated at 53.6 million ounces plus an additional 46.2 million ounces of inferred. Based on the long term gold-to-silver price ratio used by MDA of 1-to-60, the San Miguel estimated resource now equates to 1.53 million indicated gold equivalent (AuEq) ounces and 1.60 million inferred gold equivalent per ounce. Paramount Gold and Silver Corp.
shares T.PZG are trading up $0.05 at $2.52.
