11:39 AM EST - Paramount Gold and Silver Corp. : announced today new assay results from its ongoing drilling program at the San Miguel project in Mexico have extended the bulk-mineable San Francisco deposit and discovered a new, closely-spaced swarm of higher grade gold-silver veins named Santa Clara. Only five holes were permitted and drilled to date on the promising Don Ese Sur target located 3.5 km south of last year's Don Ese high-grade vein discovery. One of these holes generated two significant intercepts, with grades up to 78 grams per ton of silver, while the other four returned no significant values. However, Don Ese Sur remains an important target with more than 1.6 km of strike length left to explore and 15 more holes planned once permits are obtained. One of four initial holes drilled on the new La Verde and El Ojito targets produced an intercept with good grade while the other three had no significant intervals. Paramount Gold and Silver Corp.
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