11:56 AM EST - Paramount Gold and Silver Corp. : reported results from four additional holes into the growing La Bavisa target on Paramount's 100%-owned San Miguel Project in Mexico. The La Bavisa target, located 700 meters north of the high-grade Don Ese resource, has been traced on surface for over 2.8 km. To date, a total of eight drill holes have been completed into La Bavisa, defining a mineralized strike of 1.5 km. containing intercepts up to 12.20 meters wide grading 1.22 g/T gold and 255.8 g/T silver (approximately 5.5 g/T of gold equivalent at a conservative silver-to-gold ratio of 60:1). La Bavisa has not yet been incorporated into San Miguel's resource estimates and therefore is not part of the project's first Preliminary Economic Assessment scheduled for completion by year-end. Paramount Gold and Silver Corp.
shares T.PZG are trading up $0.02 at $2.31.
