11:52 AM EST - Paramount Gold and Silver Corp. : announced today new higher-grade assay results from ongoing resource delineation drilling at its 100%-owned San Miguel project in northwestern Mexico which are likely to increase the size, grade and quality of its resource estimates. Assays for 11 new core drillholes have been received from Paramount's in-fill drilling program. Six of these drillholes are located in the silver rich zone at San Antonio confirming its potential for a bulk tonnage silver deposit. The remaining five drill holes are located on the San Miguel Vein, intersecting high grade silver and gold including a 9.1-metre intercept grading 555.7 grams per tonne of silver and 1.63 grams per tonne of gold. Paramount Gold and Silver Corp.
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