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Check Paramount IR Website for a better version
Paramount Gold's Trenching Discovers New Santa Clara zone - 1,380 meters along strike to the South with Assays up to 282 g/t Silver, 1.2 g/t gold and 1.38% lead/zinc at San Miguel, Mexico
Chihuahua, Mexico – (BUSINESS WIRE) – May 10, 2007 – Paramount Gold Mining Corp. (OTC: PGDP) (Frankfurt: P6G, WKN: A0HGKQ) is pleased to announce trenching results from its ongoing exploration program in the southern part of its San Miguel concession block near Temoris, Chihuahua, Mexico. These ten trenches are located in the Santa Clara zone, which is adjoining and up to 1,380 meters along strike to the south of the La Union zone where Paramount reported drill results that included 105.35 meters averaging 1.45% zinc, 0.52% lead, 28 g/t silver and 0.26 g/t gold in hole LU-09 (see news release dated November 8th 2006).
Trenches 01 through 10 span approximately 375 meters and identified the Santa Clara zone on surface and along strike for approximately 300 meters. At the south end, trench ZSC-06 reported 5.7 meters of 1.24 g/t gold, 101 g/t silver with 0.42% combined lead/zinc and is located approximately 1,380 meters south of and along strike from drill hole LU-09 in the La Union zone (one of the most southerly reported drill holes to date). ZSC-02 is approximately 20 meters north of ZSC-06 and reported 4.3 meters of 1.2 g/t gold, 282 g/t silver with 1.38% combined lead/zinc. Intersections of 3.0 to 4.0 meters continued to the north in ZSC-09, ZSC-08 and ZSC-04 until reaching ZSC-03 approximately 225 meters north of ZSC-2 where the zone widened to 12.1 meters averaging 0.2 g/t gold and 153 g/t silver, including 6.1 meters of 0.20 g/t gold and 224 g/t silver. Another 60 meters north of ZSC-03 is ZSC-10 the most northerly trench in this zone and reported 3.0 meters of 95 g/t silver. ZSC-10 is approximately 1,080 meters from La Union drill hole LU-09. The trenches are exploratory in nature, through thin overburden and as such trenches 01, 05 and 07 missed the zone and reported no values.
Paramount's Manager of Exploration in Mexico, Bill Reed, commented: “I am very pleased that our trenching and drilling programs are consistently identifying mineralization along the entire strike length that we have explored thus far. These latest trench results at Santa Clara compare very well with earlier trenches from the La Veronica, San Antonio, San Jose and La Union zones, and constitute the discovery of another new mineralized zone. The surface expression at Santa Clara does not appear to be as wide as other zones, but more importantly, this could possibly extend the total strike length of the system about 1,380 meters to the south and it remains open in all directions. Part of our exploration program this year will include drill testing the newly discovered Santa Clara zone."
The highlights of the trenching include:
ZSC-02 - 4.3 meters of 1.2 g/t Au, 282 g/t Ag with 1.38% combined lead/zinc
ZSC-03 - 12.1 meters averaging 0.2 g/t Au and 153 g/t Ag
including 6.1 meters of 0.20 g/t Au and 224 g/t Ag
ZSC-04 - 4.0 meters of 0.09 g/t Au and 49 g/t Ag
ZSC-06 - 5.7 meters of 1.24 g/t Au, 101 g/t Ag with 0.42% lead/zinc
ZSC-08 - 3.0 meters of 0.11 g/t Au, 68 g/t Ag with 0.39% lead/zinc
ZSC-09 - 4.0 meters of 0.13 g/t Au, 41 g/t Ag with 0.23% lead zinc
ZSC-10 - 3.0 meters of 95 g/t Ag with 0.08% lead/zinc
The trenches are excavated to a depth of 2-3 meters and extend from west to east across the quartz veins and stockwork quartz veins that host silver and gold mineralization in the Guazapares mining district. The trenches were cut through thin overburden to better define drill targets and spaced approximately 50 to 75 meters apart. The geology of the trenches is mapped in detail and continuous rock chip samples of no more than one meter in length are collected from the trench walls.
A location map of these trenches can be found on Paramount's web site
Area
Trench
From
To
Interval
Au
Ag
Au Eq.
Lead
Zinc
meters
meters
meters
g/t
g/t
g/t
%
%
Santa Clara
ZSC-01
No Values
Santa Clara
ZSC-02
2.00
6.30
4.30
1.20
282.00
5.90
0.91
0.47
Santa Clara
ZSC-03
21.00
27.00
6.00
0.20
82.00
1.56
0.03
0.02
27.00
33.10
6.10
0.20
224.00
3.73
0.03
0.06
0.00
21
33.1
12.1
0.2
153
2.76
0.03
0.04
Santa Clara
ZSC-04
17.00
21.00
4.00
0.09
49.00
0.90
0.07
0.08
Santa Clara
ZSC-05
No Values
Santa Clara
ZSC-06
29.70
35.40
5.70
1.24
101.00
2.92
0.28
0.14
Santa Clara
ZSC-07
No Values
Santa Clara
ZSC-08
22.50
25.50
3.00
0.11
68.00
1.24
0.24
0.15
Santa Clara
ZSC-09
37.00
41.00
4.00
0.13
41.00
0.81
0.07
0.16
Santa Clara
ZSC-10
29.00
32.00
3.00
0.00
95.00
1.58
0.02
0.06
C.W. (Bill) Reed, B. Sc. Mineralogy, is the qualified person and has prepared the detail and review with respect to this news release.
About San Miguel
San Miguel is currently comprised of 16 concessions covering a +8 km long structural zone that hosts silver and gold mineralization. The concessions also include other structural zones that host
mineralization but have not yet been tested. It is located in Chihuahua, Mexico and lies in the Guazapares mining district, part of the gold-silver belt of the Sierra Madre Occidental. Paramount
signed an agreement in August 2005 with Amermin S.A. de CV, a subsidiary of Tara Gold Resources, and has earned a 70% interest in the San Miguel project.
About Paramount Gold
Paramount Gold is a precious metals exploration company quoted on the OTCBB under the symbol PGDP and listed on the Frankfurt Stock Exchange under the symbol P6G (WKN: A0HGKQ).
The Company's objectives are to explore and develop the San Miguel project, located in Chihuahua, Mexico within the Sierra Madre Occidental gold/silver belt and fully develop the potential of the
strategic alliance with Teck Cominco for gold exploration in South America. For more information, please visit the Company's web site at: www.paramountgold.com (now available in the following
languages: English, German, French, Spanish, and Mandarin).
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks
and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control
with respect to commencement of drilling operations, concentration in mineral deposits, delays in testing and evaluation of ore samples, and other risks detailed from time to time in the Company's filings
with the Securities and Exchange Commission.
Contacts:
Charles W. Reed, Exploration Manager, Mexico
520-907-9986
Chris Halkai, Corporate Relations
Toll-free: 1-866-481-223
613-226-9881
Chris Theodossiou
Corporate Development
Paramount Gold Mining Corp.
Tel: 613.226.9881 x 201
Cell: 613.266.9866
Fax: 613.226.5106
ctheo@paramountgold.com
www.paramountgold.com
Trading a recent highs $3.05 x $3.07 I think it might see $3.50 soon
I started buying when this hit low-mid 2's... great news today!
Paramount Gold Announces Plan for its 50,000 Meter Drilling Program at its San Miguel Project, Mexico
Mar 19, 2007 4:00:00 AM
Copyright Business Wire 2007
OTTAWA--(BUSINESS WIRE)--
Paramount Gold Mining Corp. (OTC:PGDP)(Frankfurt:P6G)(WKN:A0HGKQ), is pleased to announce that it plans to drill a total of 50,000 meters in 2007 on the San Miguel project, using a combination of core and reverse circulation methods.
Layne Christensen (Layne de Mexico, S.A de C.V) www.laynechristensen.com has committed the necessary drills to Paramount Gold to execute this program. Founded over 100 years ago, Layne Christensen Company's Mineral Exploration provides drilling services for geological assessment, in-situ mining and mineral exploration with over 150 drilling rigs worldwide.
Paramount's objectives in the upcoming drill program at San Miguel are to upgrade and expand their present inferred resource by infill and down-dip drilling, to extend the known mineralized zones along strike, and to find new zones by drilling the untested portions of the primary mineralized structural zone.
Paramount COO, Larry Segerstrom stated: "We are very fortunate to be working with Layne de Mexico to provide the necessary drill equipment and crews to achieve our drilling goals this year."
About Paramount Gold
Paramount Gold is a precious metals exploration company trading on the OTCBB under the symbol PGDP and listed on the Frankfurt stock exchange under the symbol P6G (WKN: A0HGKQ). The Company's objectives are to explore and develop the San Miguel project, located in Chihuahua, Mexico within the Sierra Madre Occidental gold/silver belt and fully develop the potential of the strategic alliance with Teck Cominco for gold exploration in South America. For more information, please visit the Company's web site at: www.paramountgold.com (now available in the following languages: English, German, French, Spanish, and Mandarin).
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to commencement of drilling operations, concentration in mineral deposits, delays in testing and evaluation of ore samples, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Source: Paramount Gold Mining Corp.
----------------------------------------------
Paramount Gold Mining Corp.
Larry Segerstrom
623-225-7865
COO
Chris Halkai
1-866-481-2233 (Toll-free) or 613-226-9881
Corporate Relations
Further Details on Proposed Drilling.
Paramount Gold Mining Corp (OTCBB: PGDP) had a positive day in the markets Friday, as shareholders witnessed their company's share value increase 9.43% following the exchange of 274,273 shares trading hands before the sound of the closing bell. The share price ranged $0.14 throughout the day, finally settling on $2.90 at the end of trading. In the article below, PinnacleDigest intends to further explore Paramount Gold Mining and the exchange in which it resides. To continue this read and find out why our client base continues to grow, come explore www.pinnacledigest.com.
Recently, the Pinksheet exchange has come out with a new listing service called the OTCQX. The idea behind this new exchange is that it will bring an innovative trading, quotation and disclosure venue to the U.S. OTCQX provides issuers with an efficient and robust platform on which to list securities and access some of the deepest pools of liquidity in the world. OTCQX is designed to meet the particular needs of small to medium-sized U.S. public companies and foreign-exchange listed companies. With many companies turning to the Frankfurt exchange this new development could be very useful.
In corporate news, representatives from Paramount Gold Mining Corp. announced that they have retained the services of Bradley - MDH to conduct its exploratory drilling program at the Santos property in Peru. This project is under option by Paramount Gold Mining Corp.'s Peruvian subsidiary Cia. Minera Paramount SAC ("CMP") from Teck Cominco Peru S.A. and is part of the Andean Gold Alliance agreement (AGA) signed with Teck Cominco Limited in May 2006, for certain exploration properties in Chile, Argentina and Peru.
The 1,500 meter drill program is scheduled to commence on March 19th,, 2007 and should be completed in May 2007. The program will be comprised of 6 holes that will test for gold and silver targeted deposits at 100 to 200 meters below the surface.
Alain Vachon, exploration manager, stated, "We are quite anxious to drill the first holes into this mineralized system as no drilling has ever been done on the property. The property is in close proximity to existing mining operations. The objective of the program is to find the boiling zone which has the potential for deposits of gold and silver." The Santos project is comprised of 12 mining concessions totalling 9,300 hectares located in the Department of Ayacucho, which is 400 km SSE of the city of Lima and 60 km NE of the city of Nasca.
Under the terms of the AGA, Paramount and/or its subsidiaries must incur minimum expenditures of US$3,000,000 on the properties over 3 years, with US$1,000,000 in expenditures (including a minimum of 3,000 metres of drilling on 3 properties) per year. In addition, Paramount must issue Teck Cominco 50,000 units a year over the three years. Each unit will include a common share and a 2 year stock purchase warrant that shall be priced at a 30% premium to the 20 day trading average prior to issue.
Upon Paramount vesting in the AGA, CMP may earn a 100% interest in the Santos Property, subject to a retained 2% NSR Royalty and back-in right (as outlined below) to Teck Cominco, by incurring an aggregate expenditure of US$250,000 (including a US$50,000 minimum annual commitment) with respect to Santos.
Teck Cominco may exercise its back-in right on the Santos property at any time up to 60 days after CMP delivers notice that CMP has spent US$3,000,000 on Santos. Teck Cominco may earn a 60% interest by incurring 2 times the expenditures incurred by CMP to a maximum requirement of US$6,000,000. Upon earning back a 60% interest, Teck Cominco shall extinguish the retained NSR Royalty and may elect to earn an additional 10% interest by completing, at its sole cost, a feasibility study on Santos. PinnacleDigest is interested in this company's progress and will be watching for additional corporate developments in the coming months.
It is our purpose at PinnacleDigest to keep investors informed and up-to-date on the sector that most influences their company. We are constantly adding new features to our investment community and believe our unique investment approaches can benefit every investor. Understanding the exchange in which a company such as Paramount Gold Mining resides, is key to the success of any investor's portfolio. To read this article in its entirety and to learn more about the OTCQX exchange, please visit www.pinnacledigest.com.
To continue with this report as well as other related articles, please visit www.pinnacledigest.com for a complimentary membership. It should be stated that our membership requires no commitment to our service. If you would like to contact us please write to support@pinnacledigest.com.
PinnacleDigest has no vested interest in the company mentioned herein.
NEWS of Further Drilling:
March 19, 2007 4:00 AM ET
Paramount Gold Announces Plan for its 50,000 Meter Drilling Program at its San Miguel Project, Mexico
BusinessWireAll BusinessWire News
Paramount Gold Mining Corp. (OTC:PGDP)(Frankfurt:P6G)(WKN:A0HGKQ), is pleased to announce that it plans to drill a total of 50,000 meters in 2007 on the San Miguel project, using a combination of core and reverse circulation methods.
Layne Christensen (Layne de Mexico, S.A de C.V) www.laynechristensen.com has committed the necessary drills to Paramount Gold to execute this program. Founded over 100 years ago, Layne Christensen Company's Mineral Exploration provides drilling services for geological assessment, in-situ mining and mineral exploration with over 150 drilling rigs worldwide.
Paramount's objectives in the upcoming drill program at San Miguel are to upgrade and expand their present inferred resource by infill and down-dip drilling, to extend the known mineralized zones along strike, and to find new zones by drilling the untested portions of the primary mineralized structural zone.
Paramount COO, Larry Segerstrom stated: "We are very fortunate to be working with Layne de Mexico to provide the necessary drill equipment and crews to achieve our drilling goals this year."
About Paramount Gold
Paramount Gold is a precious metals exploration company trading on the OTCBB under the symbol PGDP and listed on the Frankfurt stock exchange under the symbol P6G (WKN: A0HGKQ). The Company's objectives are to explore and develop the San Miguel project, located in Chihuahua, Mexico within the Sierra Madre Occidental gold/silver belt and fully develop the potential of the strategic alliance with Teck Cominco for gold exploration in South America. For more information, please visit the Company's web site at: www.paramountgold.com (now available in the following languages: English, German, French, Spanish, and Mandarin).
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to commencement of drilling operations, concentration in mineral deposits, delays in testing and evaluation of ore samples, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. Contact Information: Paramount Gold Mining Corp. Larry Segerstrom, 623-225-7865 COO Chris Halkai, 1-866-481-2233 (Toll-free) or 613-226-9881 Corporate Relations
Copyright 2007 BusinessWire
NEWS,
Paramount Gold Engages Mine Development Associates, Independent Technical Consultant and Orthoshop
Wednesday, March 14, 2006, 8:00 am EST
Ottawa, Canada – (BUSINESS WIRE) – Paramount Gold Mining Corp. (OTC: PGDP) (Frankfurt: P6G, WKN: A0HGKQ) is pleased to announce that it has engaged Mine Development Associates (MDA- www.mda.com) to perform the deposit modeling, resource estimations, and National Instrument 43-101 (Canadian Standards of Disclosure for Mineral Projects) reporting on its San Miguel project in Chihuahua, Mexico. MDA is a full service mine engineering company based in Reno, Nevada, that has worked on significant projects throughout North, Central and South America.
Paramount has also engaged the services of Tony Starling of London, England to provide technical consulting with respect to its San Miguel project. Mr. Starling is an expert structural geologist and has a tremendous wealth of experience in the Sierra Madre region.
Paramount has contracted Orthoshop – Mexico to generate detailed topographic maps, digital orthophotos, and a digital terrain model for the San Miguel project. The ground control and aerial photography has recently been completed by Orthoshop and the initial results of their work are expected to be received next week.
Paramount COO, Larry Segerstrom stated: “We are very pleased to have acquired the high-quality services of MDA, with whom we can expand the resources of our San Miguel project with a great degree of confidence.”
Lots of nice churning going on these past few days.. A new Drill result PR could be in the works. Lets hope!!
Great chart! Let's hope for the precious metals trend to continue until PGDP completes the San Miguel exploration project.
Actually, I just noticed that there are no price details on the left axis of the chart, but the price of Paramount closed at $3.90 on 5/5/2006.
HD
Unfortunately hope is not going to help us. Have a look at this chart of Precious Metals and PGDP and note when PGDP was last around $ 4.00-identical
http://stockcharts.com/charts/performance/perf.html?PGDP,$GPX
When PGDP shows a trend we may have something but I don't see any indication of that technically.
This is a stock that is going to try our patience. My long range target is $21.00 and is IMO at least 2 years out. We are still in the exploration stage remember.
My opinions only. HD
I hope you're wrong about the pps jump in relation to gold price.
I've been long on PGDP for over a year, near the $4 range, I agree it's well under the radar of most analysts. May take notice soon, good potential IMO.
GLTA.
IMHO this action is purely gold price related. Last run up in AU gave a price of 4.32 0n 05/01/06. I don't think we will see much
until there are another set of positive drilling results. I'm in for the long run. GLTA-this one seems to stay pretty much under most analysts' radar, but I'm a believer in the San Miguel area.
Starting to move today...$2.25
Could this be the start of a prolonged uptrend?
chris crupi live interview today...
1:30pm est
http://www.mn1.com/index.html
pd
Man oh Man.. How much great news do we need to get this thing moving upwards.. This should not be going down..
Indeed: I've been sitting on a pile of these things for 14 months. I had more but I sold some to get a little more action. I'm a believer in this area of Mexico and everything seems to be lining up right.I still don't expect any real action for at least 18 months. I'm not sure if the action from Europe has dried up or not; I used to check the Deutsch Borse every day but it was slow so I gave it up. I'll check tomorrow. As much as news, we need the gold price to keep going up: when it hit 4.25 last year gold was at or near its highest.The last news was bullish and the stock sold off a bit-maybe Friday profit taking- I'm long and holding for the long run.
Paramount is due.. Sure have the feeling something is gonna happen real soon with everything that is in the works..
Need more news!!
TECHNICAL REPORT on SAN MIGUEL project available at link below:
Paramount has completed a National Instrument 43-101 technical report on San Miguel project, Mexico; defining the size and scale of their inferred resource.
For the full version of this report please follow the following link http://www.paramountgold.com/_documents/Jan15_43_101_Update.pdf
Please feel free to contact me with any further questions.
Best regards,
Chris Theodossiou
Corporate Development
Paramount Gold Mining Corp.
Tel: 613.226.9881 x 201
Cell: 613.266.9866
Fax: 613.226.5106
ctheo@paramountgold.com
www.paramountgold.com
From a poster on Stockhouse: Can't vouch for accuracy but it caught my attention. I will surely welcome some movement. Been long since Dec. 2005
"Spoke with IR today.
Resource Report due in about 1 week. This will only reflect about 20% of the drilled area to date so keep that in mind.
Apparently 2 majors are sniffing around as well and have signed NDA's with Paramount.
TSX-V listing in about 4-6 weeks. Paperwork is in, just waiting for review and approval now.
Hold on to your Bolero's boys, this company will stand up and be noticed soon. If this didn't already comprise a large portion of my trading account I'd be adding to my position."
Seems that interest is picking up.
Good chart set up hope you hold for the ride.
Are we finally starting a new uptrend? I better knock off the ferry dust.. Me thinks something is starting to happen..
I'm at a loss for an explanation. Back when the stock hit 4.25 or so there was a good deal of European buying. I suspect, but I don't know, that that has dried up. An analyst that I am in touch with looks at a 2 year period before we can expect much action. Paramount is no quick day-trade but I look at the San Miguel area an extremely rich silver-gold lode with some rich easy access areas. San Miguel is only one of the promising zones that Paramount controls. Our turn will come, but it is an investment that will require patience. I am holding long and strong; I am not happy with the undervaluing either as the present price is a bit below my APPS, but IMHO the wait will pay off big-time.
This message represents my personal opinion based on my own DD and is not to be taken as an invitation to buy or sell PGDP or any other security. HD
All this great news lately and it's still hovering in the low $2 ... It it so undervalued it isn't funny.. When are we gonna catch a break..
TRGD has shot up huge over the last month.. What about us?
Excellent drilling/assay news. Cut and paste doesn't work well-check PGDP for figures.
Paramount Gold extends zone 800 meters with 213 g/t silver across 13.8 meters and 133.4 g/t silver across 44.85 meters at their San Miguel Project, Mexico
Chihuahua, Mexico - (BUSINESS WIRE) - December 14, 2006 - Paramount Gold Mining Corp. (OTC: PGDP) (Frankfurt: P6G, WKN: A0HGKQ), is pleased to release the most recently reported assays from it's ongoing drill program at the San Miguel Project near Temoris, Chihuahua, Mexico. The following results are the first nine drill holes completed in the San Antonio area that is just north of the San Luis zone. The nine drill holes at San Antonio are step outs to the north and extend the drill tested zone approximately 800 meters in that direction.
These are the first drill holes north of the San Luis zone where discovery hole (SL-02, 4.0 meters of 35.5 g/t gold and 17.0 g/t silver) was reported August 2nd 2006 and represent an important discovery of a northerly continuation of the silver/gold zone identified on surface.
Drill hole SA-01 hit three separate intersects of high grade silver, 1.15 meters (28.60 to 29.75) of 346.0 g/t silver and 0.44% zinc, 0.90 meters (36.50 to 37.40) of 643.0 g/t silver and 25.8 meters (47.65 to 73.45) of 194 g/t silver. The three intersects averaged 133.4 g/t silver across 44.85 meters (28.60 to 73.45). SA-05 intersected 13.8 meters (19.8 to 33.6) of 213 g/t silver. Drill hole SA-08 and SA-09 are the furthest step outs to the north thus far, approximately 800 meters north of SL-07 (5.2M of 38.7 g/t silver) and SL-06 (9.0M of 161.4 g/t silver), the two most northerly drill holes in the San Luis area. The best intersect reported at drill hole SA-07 was 2.3 meters of 123 g/t silver with 0.33% lead and 0.48% zinc. SA-08 had 3 significant intersects, the best was 2.5 meters of 212 g/t silver, 0.34% lead and 0.44% zinc.
Bill Reed, Manager of Exploration for Mexico, said, " Six of the nine drill holes at San Antonio have good intersects where we have continued drilling four additional holes and are stepping out farther to the north. More importantly, this has extended the total strike length about 800 meters to the north. Our drill and trench results at La Union, San Jose, San Luis and San Antonio, have now identified a continuous mineralized zone over a considerable length of approximately 3.2 kilometers (3,200 meters) and it remains open in all directions."
San Antonio Zone Highlights
SA-01 cut 44.85 meters from 28.6 to 73.45 meters averaging 133.4 g/t silver including:
1.15 meters from 28.6 to 29.75 meters of 346.0 g/t silver and 0.44% zinc, and 0.90 meters from 36.50 to 37.40 meters of 643.0 g/t silver ,and
25.8 meters from 47.65 to 73.45 meters of 194 g/t silver
SA-03 cut 3.5 meters from 48.5 to 52.0 meters of 135.0 g/t silver with 0.16% zinc
SA-05 cut 13.8 meters from 19.8 to 33.6 meters of 213 g/t silver with 0.20% zinc
SA-07 cut 2.3 meters from 93.7 to 96.0 meters of 123 g/t silver with 0.33% lead and 0.48% zinc and 4.8 meters form 86.7 to 91.5 meters of 78 g/t silver with 0.30% lead and 0.53% zinc
SA-08 cut 2.5 meters from 14.0 to 16.5 meters of 212 g/t silver with 0.34% lead and 0.44% zinc and 12.8 meters from 66.5 to 79.3 meters of 84 g/t silver with 0.38% lead and 0.78% zinc and 5.1 meters from 91.2 to 96.3 meters of 107 g/t silver with 0.35% lead and 0.90% zinc
SA-09 cut 6.1 meters from 21.6 to 27.7 meters of 149 g/t silver with 0.20% lead and 0.28% zinc and 10.1 meters from 40.9 to 51.0 meters of 94 g/t silver with 0.18% lead and 0.28% zinc and 5.7 meters from 93.2 to 98.9 meters of 152 g/t silver with 0.32% lead and 0.69% zinc
Drill Hole Locations
A drill hole and trench location map can be found at Paramount's web site www.paramountgold.com
SA-05 is a step out of approximately 330 meters to the north of SL-06 (9.0M of 161.4 g/t silver) - see Oct 12, 2006 news release
SA-03 steps out a further 105 meters north of SA-05
SA-01 steps out a further 225 meters north of SA-05
SA-07 and SA-08 are approx. 600 meters north of SA-05 and are the northern most holes thus far
SA-09 is about 75 meters south of SA-08
SA-06 is about 35 meters west of SA-03
SA-04 is about 80 meters east of SA-03
SA-02 is about 120 meters north-northeast of SA-01
Quality Control Person
Paramount takes detail photos of the entire core before it is cut to half core which is assayed at ALS Chemex's Vancouver laboratory. As part of quality assurance, quality control (QAQC), a blank (sterile) sample is submitted every 20th sample. Later, pulps from a number of intervals will be renumbered and pulps from known standards will be inserted between them in numerical order. These will then be submitted for reanalysis. The results will then be compared to the original values reported, and the known values of the inserted standards. Half-core samples have been retained on site for verification and reference purposes.
C.W. (Bill) Reed, B. Sc. Mineralogy, is acting as qualified person and has prepared the detail and review with respect to this news release.
Drill
Hole
From
(m)
To
(m)
Width
(m)
Gold
(g/t)
Silver
(g/t)
Gold
Equivalent
Lead
(%)
Zinc
(%)
SA-01
28.60
29.75
1.15
0.00
346.00
5.77
0.23
0.44
36.50
37.40
0.90
0.00
643.00
10.72
0.08
0.12
47.65
73.45
25.80
0.00
194.00
3.23
0.05
0.11
73.45
74.90
1.45
0.00
34.00
0.57
0.02
0.14
79.40
92.40
13.00
0.00
30.00
0.50
0.18
0.29
94.40
97.40
3.00
0.00
30.00
0.50
0.06
0.16
104.00
106.00
2.00
0.00
79.00
1.31
0.26
0.24
Average
28.60
73.45
44.85
0.00
133.37
2.22
0.04
0.08
SA - 02
0.00
10.40
10.40
0.00
15.00
0.25
0.07
0.25
36.00
49.80
13.80
0.00
11.00
0.18
0.05
0.20
49.80
72.50
22.70
0.00
34.00
0.57
0.17
0.46
72.50
74.80
2.30
0.00
22.00
0.37
0.21
0.51
81.00
86.00
5.00
0.00
16.00
0.27
0.16
0.38
SA - 03
15.60
18.45
2.85
0.00
23.00
0.39
0.07
0.23
36.00
41.80
5.80
0.00
29.00
0.48
0.06
0.14
48.50
52.00
3.50
0.03
135.00
2.27
0.03
0.16
58.00
68.80
10.80
0.00
11.00
0.18
0.02
0.15
71.60
75.20
3.60
0.01
37.00
0.62
0.04
0.15
SA - 04
0.00
10.50
10.50
0.00
21.00
0.34
0.02
0.08
39.50
45.50
6.00
0.00
21.00
0.34
0.04
0.13
SA - 05
7.20
19.80
12.60
0.00
15.00
0.25
0.03
0.11
19.80
33.60
13.80
0.01
213.00
3.56
0.09
0.20
33.60
40.60
7.00
0.01
15.00
0.25
0.08
0.20
52.50
67.80
15.30
0.00
48.00
0.79
0.10
0.48
SA - 06
34.00
42.70
8.70
0.00
15.00
0.25
0.13
0.32
SA - 07
31.60
33.60
2.00
0.00
33.00
0.45
0.30
0.25
86.70
91.50
4.80
0.00
78.00
1.32
0.30
0.53
93.70
96.00
2.30
0.00
123.00
2.06
0.33
0.48
118.50
125.90
7.40
0.00
32.00
0.53
0.14
0.43
154.30
157.70
3.40
0.00
46.00
0.77
0.09
0.21
SA - 08
14.00
16.50
2.50
0.00
212.00
3.54
0.34
0.44
16.50
27.20
10.70
0.00
16.00
0.26
0.09
0.21
60.50
66.50
6.00
0.00
12.00
0.20
0.08
0.26
66.50
79.30
12.80
0.00
84.00
1.41
0.38
0.78
79.30
91.20
11.90
0.00
16.00
0.27
0.40
0.27
91.20
96.30
5.10
0.00
107.00
1.78
0.35
0.90
96.30
105.80
9.50
0.00
27.00
0.45
0.50
0.45
146.00
160.50
14.50
0.00
33.00
0.55
0.09
0.24
160.50
166.00
5.50
0.00
18.00
0.31
0.03
0.10
Average
66.50
96.30
29.80
0.00
61.00
1.01
0.29
0.65
SA - 09
0.00
21.60
21.60
0.00
11.00
0.19
0.05
0.16
21.60
27.70
6.10
0.00
149.00
2.49
0.20
0.28
27.70
40.90
13.20
0.00
24.00
0.40
0.10
0.19
40.90
51.00
10.10
0.00
94.00
1.57
0.18
0.28
51.00
61.00
10.00
0.00
35.00
0.57
0.09
0.24
93.20
98.90
5.70
0.00
152.00
2.53
0.32
0.69
102.90
111.00
8.10
0.00
58.00
0.96
0.19
0.34
Average
21.60
61.00
39.40
0.00
64.00
1.07
0.13
0.24
Average
93.20
111.00
17.80
0.00
75.00
1.26
0.21
0.42
About San Miguel
San Miguel is currently comprised of 16 concessions covering an estimated +7 kms strike of silver and gold mineralization. It is located in Chihuahua, Mexico and lies in the Guazapares mining district, part of the gold-silver belt of the Sierra Madre Occidental. Paramount signed an agreement in August 2005 with Amermin S.A. de CV, a subsidiary of Tara Gold Resources, to acquire a 70% interest in the San Miguel project.
About Paramount Gold
Paramount Gold Mining Corp. is a precious metals exploration and development company. It is management's objective to grow Paramount into a significant gold and precious metals producer by developing the Andean Gold Alliance with Teck Cominco in South America, the San Miguel and Linda projects in Mexico and Peru, and by acquiring other advanced-stage projects and/or producing mines in the most prolific precious metal districts in the world. The Company trades on the OTC market under the symbol “PGDP” and on the Frankfurt Exchange under the symbol “P6G”. For more information, please visit the Company’s web site at: www.paramountgold.com (now available in the following languages: English, German, French, Spanish, and Mandarin).
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
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Skyline Communications
Tel: 1-613-226-9881
Toll-free: 1-866-481-2233
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© Copyright Paramount Gold Mining Corp. All rights reserv
Latest Good News from San Miguel Site:
Paramount Gold Commissions Independent Technical Report to Establish First Gold/Silver Resource at its San Miguel project, Mexico
Dec 6, 2006 7:00:00 AM
Copyright Business Wire 2006
OTTAWA, Canada--(BUSINESS WIRE)--
Paramount Gold Mining Corp. (OTC:PGDP) (Frankfurt:P6G)(WKN:A0HGKQ) is pleased to announce that full trading has commenced on the NASDAQ OTC BB following a 30-day quiet period which expired November 27th.
Paramount Gold is also pleased to announce that it has retained the services of Dana Durgin of Delve Consultants to complete a National Instrument 43-101 technical report on the San Miguel Project near Temoris, Chihuahua, Mexico.
The technical report will include a review of exploration work carried out by Paramount during 2006 and a compilation of these results. It will also include a preliminary estimate of the inferred gold and silver resources developed to date. Thus far in 2006 Paramount has completed more than 7000 meters of diamond drilling in approximately 45 core holes and 1100 meters of trenching. Drilling, trenching and geologic mapping are ongoing. The technical report will also review historical data and Paramount's mapping and surface sampling within the project boundaries to evaluate further potential drill targets as well as areas where follow up and in fill drilling will be required to upgrade and expand silver and gold resources.
Dana Durgin is a geologist with the requisite accreditation to complete National Instrument 43-101 technical reports. Mr. Durgin has been involved in mineral exploration and project development in the US, Canada and Mexico for 35 years, including his position as Chief Geologist, Mexico for Hecla Mining Company (HL: NYSE).
Paramount CEO, Chris Crupi stated: "We are initiating the 43-101 technical report to quantify and evaluate our exploration program at San Miguel and to gain a better understanding of how to direct our future exploration work to unlock the great potential of this property as efficiently and effectively as possible."
At the San Miguel project, Paramount has identified strong silver and gold mineralization along at least 6 kilometers of strike length, however only 2.4 kilometers of this has been explored thus far through an ongoing drill program. The project also includes the San Luis mine where production averaged about 12 g/t gold, 350 g/t silver, and 10% lead per tonne, before the mine closed in 1963 due to a water flood from surface and low metal prices. Unknown quantities of high grade ore remain in the mine. Its excellent potential has been confirmed by a channel sample from a crosscut on the 300 level that assayed 85.2 g/t gold and 339 g/t silver across 15 meters and by drill hole SL-02 that intersected 4.0 meters of 35.5 g/t gold and 17.0 g/t silver below this level.
Paramount's ongoing drill program has intersected potentially economic grades of gold, silver, lead and zinc mineralization in 30 of the last 33 drill holes reported to date.
Highlights include:
SJ-01, 5.0 meters of 0.0 g/t gold and 263.6 g/t silver
SL-02, 4.0 meters of 35.5 g/t gold and 17.0 g/t silver
SJ-03, 5.0 meters of 0.1 g/t gold and 873.6 g/t silver
SJ-04, 6.5 meters of 0.0 g/t gold and 552.9 g/t silver
SJ-05, 19.7 meters of 0.0 g/t gold and 263.0 g/t silver
SJ-06, 6.6 meters of 0.0 g/t gold and 354.0 g/t silver
LU-01, 16.4 meters of 0.7 g/t gold and 225.0 g/t silver with 0.85%
lead and 0.83% zinc
LU-02, 17.6 meters of 1.6 g/t gold and 279.0 g/t silver with 0.26%
zinc
LU-09, 105.4 meters of 0.26 g/t gold and 28.0 g/t silver with 0.52%
lead and 1.45% zinc
LU-11, 101.5 meters of 0.08 g/t gold and 13.5 g/t silver with 0.66%
lead and 1.93% zinc
Trench highlights
ZSA-04 18.6 meters of 0.0 g/t gold and 198.5 g/t silver
ZSA-05 17.1 meters of 0.0 g/t gold and 180 g/t silver
ZSA-06 5.6 meters of 0.0 g/t gold and 597.0 g/t silver
ZLU-01 66.0 meters of 0.03 g/t gold and 105.0 g/t silver
About Paramount Gold
Paramount Gold Mining Corp. is a precious metals exploration and development company. It is management's objective to grow Paramount into a significant gold and precious metals producer by developing the San Miguel and Linda projects in Mexico and Peru, and the Andean Gold Alliance with TeckCominco in South America and by acquiring other advanced-stage projects and/or producing mines in the most prolific precious metal districts in the world. The Company trades on the OTC market under the symbol "PGDP" and on the Frankfurt Exchange under the symbol "P6G". For more information, please visit the Company's web site at: www.paramountgold.com (now available in the following languages: English, German, French, Spanish, and Mandarin).
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Source: Paramount Gold Mining Corp.
----------------------------------------------
Investor Relations Contact:
Skyline Communications
613-226-9881
Toll-free: 1-866-481-2233
LATEST DRILL RESULTS-EXCELLENT: BUT THEY DON'T COPY WELL. USE THE IR INFORMATION TO CHECK THE WEB-SITE IF YOU'RE INTERESTED
November 08, 2006 09:05 AM Eastern Time
Paramount Gold Extends Zone 500 Meters with Polymetallic Intersects, Including 105 Meters Averaging 1.45% Zinc, 0.52% Lead, 28 g/t Silver and 0.26 g/t Gold at Their San Miguel Project, Mexico
CHIHUAHUA, Mexico--(BUSINESS WIRE)--Paramount Gold Mining Corp. (OTC:PGDP)(Frankfurt: P6G, WKN: A0HGKQ), is pleased to release the most recently reported assays from its ongoing drill program at the San Miguel Project near Temoris, Chihuahua, Mexico. The following results include a further eight drill holes completed on the La Union zone (San Jose extension) and one more hole from the San Jose zone. The eight drill holes at La Union are step outs to the South and extend the zone approximately 500 meters in that direction.
Drill hole LU-09 and LU-11 intersected 100 meters plus of polymetallics while other drill holes continue to intersect high grade silver of 1,235 g/t across 0.40 meters in drill hole LU-12 and 189 g/t silver across 17.5 meters in hole LU-07. The best gold intersect was 2.84 g/t across 14.6 meters in hole LU-06, while drill hole LU-11 cut 13.5 meters from 105.0 to 118.5 of 7.07% zinc, 2.38% lead, 36 g/t silver with 0.36 g/t gold.
Bill Reed, Exploration Manager for Mexico, said, “The preliminary conclusions from the long polymetallic intercepts in drill hole LU-09 and LU-11 suggest the intersection of a chimney. The increased base metal values in most of these drill holes to the south may also indicate we are lower in the mineralized system in that direction. It is also noteworthy that drill hole LU-09 and LU-11 had long intersects of over 100 meters and they bottomed in mineralization, indicating this zone is open to depth. Also important is the 14.6 meter intercept of 2.84 g/t gold in drill hole LU-06. Drilling at La Union has extended the strike length another 500 meters to the South and we are now drilling North of the San Jose zone in the San Antonio area where we have confirmed the zone with trenches. With our drill and trench results at La Union, San Jose, San Luis and San Antonio, we have now identified a continuous zone over a considerable length of approximately 2.4 kilometers (2400 meters) and it remains open in all directions."
Chris Crupi, President & CFO, explained, “I am very excited on how quickly our exploration team is increasing the size potential of our discovery at San Miguel. The value of the high grade intersects of gold and silver in previous drill holes and trenches is quite evident and we are now finding good base metal values too. The 105 meters of polymetallic mineralization intersected in drill hole LU-09 has considerable value of approximately $82 per ton at today’s metal prices (Zinc US$1.80/lb, Lead $0.75/lb, Silver $12.25/oz and gold $600/oz)."
La Union zone Highlights
LU-06 cut 16.3 meters from 42.1 to 58.4 meters of 2.44% zinc, 1,26% lead with 13.0 g/t silver and 14.6 meters from 58.4 to 73.0 meters of 2.84 g/t gold with 0.56% zinc and 0.29% lead;
LU-07 cut 17.5 meters from 31.0 to 48.5 meters of 189 g/t silver with 0.87% zinc and 0.26% lead;
LU-09 cut 105.35 meters from 22.15 to 127.50 meters averaging 1.45% zinc, 0.52% lead, 28 g/t silver and 0.26 g/t gold;
LU-11 cut 101.5 meters from 29.50 to 130.55 meters averaging 1.93% zinc, 0,66% lead, 13 g/t silver with 0.08 g/t gold including 13.5 meters from 105.0 to 118.5 meters of 7.07% zinc, 2.38% lead, 36 g/t silver with 0,36 g/t gold;
LU-12 cut 0.40 meters from 24.00 to 24.40 meters of 1,235 g/t silver with 0.49% zinc and 0.19% lead.
San Jose zone Highlights
SJ-12 cut 51.9 meters from 40.60 meters to 92.50 meters averaging 0.74% zinc, 0.35 % lead and 0.27 g/t gold.
Drill Hole locations
A drill hole and trench location map can be found at Paramount's web site www.paramountgold.com
LU-06 is a step out of approximately 50 meters to the south of LU-01 (59.0 meters averaging 2.25 g/t gold equivalent) see Oct 12, 2006 news release:
· LU-07 steps out a further 45 meters south of LU-06
· LU-12 steps out a further 150 meters south of LU-07
· LU-13 steps out a further 80 meters south of LU-12
· LU-08 steps out a further 80 meters south of LU-13
· LU-11 steps out a further 25 meters south of LU-08 on the second fence line
· LU-09 steps out a further 25 meters south of LU-11
· LU-10 steps out a further 40 meters south of LU-09 and is the southern most hole thus far.
In the San Jose area, SJ- 12 is located 50 meters south of SJ-11.
Quality Control Person
Paramount takes detail photos of all the core before it is cut to half core which is assayed at ALS Chemex's Vancouver laboratory. As part of quality assurance, quality control (QAQC), a blank (sterile) sample is submitted every 20th sample. Later, pulps from a number of intervals will be renumbered and pulps from known standards will be inserted between them in numerical order. These will then be submitted for reanalysis. The results will then be compared to the original values reported, and the known values of the inserted standards. Half-core samples have been retained on site for verification and reference purposes.
C.W. (Bill) Reed, B. Sc. Mineralogy, is acting as qualified person and has prepared the detail and review with respect to this news release.
Drill Hole
From
To
Width
Gold
Silver
Gold
Lead
Zinc
(m)
(m)
(m)
(g/t)
(g/t)
equivalent
(%)
(%)
LU - 06
0.00
7.00
7.00
0.00
31.00
0.52
42.10
58.40
16.30
0.00
13.00
0.23
1.26
2.44
58.40
73.00
14.60
2.84
7.00
2.96
0.29
0.56
73.00
83.70
10.70
0.20
0.00
0.20
115.00
118.50
3.50
2.41
0.00
2.41
LU - 07
31.00
48.50
17.50
0.03
189.00
3.18
0.26
0.87
58.00
71.00
13.00
0.86
0.00
0.86
87.00
91.50
4.50
0.64
3.00
0.68
LU - 08
0.00
8.00
8.00
0.04
50.00
0.88
8.00
21.20
13.20
0.04
19.00
0.35
78.00
85.20
7.20
0.44
4.00
0.50
LU - 09
22.15
57.00
34.85
0.13
60.00
1.12
0.49
1.26
57.00
67.75
10.75
0.01
10.00
0.18
0.47
1.14
67.75
72.00
4.25
0.27
26.00
0.71
0.88
1.91
72.00
86.70
14.70
0.01
4.00
0.07
0.13
0.41
86.70
121.05
34.85
0.59
12.00
0.80
0.46
1.69
121.05
127.50
6.45
0.19
15.00
0.45
1.08
2.10
127.50
141.30
14.00
0.00
4.00
0.06
0.25
0.71
Average
22.15
127.50
105.35
0.26
28.00
0.73
0.52
1.45
LU - 10
46.70
59.00
12.30
0.00
37.00
0.63
71.80
81.20
9.40
0.00
65.00
1.08
110.65
112.65
2.00
0.00
12.00
0.19
1.00
1.44
115.55
116.00
0.45
0.21
40.00
0.88
2.40
7.95
LU - 11
29.50
64.50
35.00
0.02
17.00
0.30
0.37
0.93
64.50
75.05
10.55
0.02
3.00
0.06
0.17
0.42
75.05
105.00
29.95
0.05
6.00
0.15
0.49
1.41
105.00
118.50
13.50
0.36
36.00
0.96
2.38
7.07
118.50
130.55
12.05
0.02
6.00
0.13
0.46
1.68
Average
29.50
130.55
101.50
0.08
13.50
0.30
0.66
1.93
LU - 12
24.00
24.40
0.40
0.20
1235.00
20.80
0.19
0.49
24.40
53.95
29.55
0.02
3.00
0.09
0.27
LU - 13
30.35
34.05
3.70
0.06
28.00
0.52
0.62
1.29
34.05
62.00
27.95
0.02
8.00
0.15
0.13
0.24
62.00
66.35
4.35
0.16
7.00
0.27
0.64
0.82
SJ - 12
0.00
9.00
9.00
0.00
21.00
0.34
28.15
30.30
2.15
0.04
70.00
1.20
40.60
45.30
4.70
0.12
7.00
0.24
0.76
1.59
56.00
72.00
16.00
0.11
4.00
0.11
0.35
0.71
72.00
92.50
20.50
0.58
2.00
0.58
0.43
0.96
97.35
105.20
7.85
0.34
0.00
0.34
About San Miguel
San Miguel is currently comprised of 16 concessions covering an estimated 6 kms strike of silver and gold mineralization. It is located in Chihuahua, Mexico and lies in the Guazapares mining district, part of the gold-silver belt of the Sierra Madre Occidental. Paramount signed an agreement in August, 2005 with Amermin S.A. de CV, a subsidiary of Tara Gold Resources, to acquire a 70% interest in the San Miguel project.
About Paramount Gold
Paramount Gold Mining Corp. is a precious metals exploration and development company. It is management's objective to grow Paramount into a significant gold and precious metals producer by developing the San Miguel and Linda projects in Mexico and Peru, and the Andean Gold Alliance with TeckCominco in South America, and by acquiring other advanced-stage projects and/or producing mines in the most prolific precious metal districts in the world. The Company trades on the OTC market under the symbol "PGDP" and on the Frankfurt Exchange under the symbol "P6G." For more information, please visit the Company's web site at: www.paramountgold.com (now available in the following languages: English, German, French, Spanish, and Mandarin).
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Contacts
Investor Relations:
Skyline Communications, 613-226-9881
Toll-free: 1-866-481-2233
Best Regards,
Chris Theodossiou
Skyline Communications
Tel: 613.226.9881 ext 201
Fax: 613.226.5106
ctheo@skylinecommunicationsinc.com
www.skylinecommunicationsinc.com
Disclaimer
Skyline Communications Disclaimer: Please be aware that Skyline Communications. is a corporate communications firm and is NOT an investment advisory service; it is advised that you consult with a licensed financial advisor before making any investment decisions. The contents of this email, and all attachments herein, does not provide an analysis of a company's financial position and the information herein should NOT be construed as an offer to buy or sell securities. The information herein is taken from sources thought to be accurate, but there is no guarantee. All due diligence should be done by the reader or their financial advisor. Investing in securities is speculative and carries risk. Past performance does not guarantee future results.
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Hey everyone. I see that you guys are jv partners with one of our new draft picks, TRGD. Here is the list ( http://www.investorshub.com/boards/board.asp?board_id=5776 ).
Welcome to the TF2s Draft Picks
What the heck is this? ~~> http://www.investorshub.com/boards/read_msg.asp?message_id=14302071
Transparent...Easily seen through or detected;obvious
Flamingo...Large pink to scarlet web-footed wading bird with down-bent bill; pinksheet stock
Tara Gold Resources Corp. (TRGD) - Date added - October 27, 2006 <~~~~~~~~~~~~ NEW!!!!!
Guru - Bobwins - http://www.investorshub.com/boards/profile.asp?User=27704
DD IHUB - http://www.investorshub.com/boards/board.asp?board_id=5274
DD SI - http://www.siliconinvestor.com/subject.aspx?subjectid=56836
Application and comments - http://www.siliconinvestor.com/readmsg.aspx?msgid=22945477
Rx Processing Corporation (RXPC) - Date added - May 18, 2006
Guru - ghcnj ( http://www.investorshub.com/boards/profile.asp?User=42200 )
Best DD Thead - http://www.investorshub.com/boards/board.asp?board_id=4761
Application and comments - http://www.investorshub.com/boards/read_msg.asp?message_id=11174842
><~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~><
To get on the TF2 Draft List the stock needs to be transparent, have a reasonable capital structure, and clean management.
1. Is your prospect a pinksheet (this needs to be a yes. lol)?
2. What transfer agent does your prospect use?
3. What is the capital structure of your prospect? A/S, O/S, Restricted, Float
4. Does your prospect file reports?
5. Does your prospect have a website? (If "yes" then please include link)
6. Who is the "guru" for your stock? (This would be the person that has talked directly to the CEO)
7. Should we expect any dilution?
8. PR's and comments
Please include the questions with your answers
To make application to the TF2 Hard List, guru's please complete the second half of the application. (again, please include questions with your answers)
9. Has there been any dilution since becoming a TF2 Draft Pick? (If "yes" then provide reason and if any more dilution should be expected.)
10. How is the company financing operations?
11. When are they projecting to move off of the pinks, and to what exchange?
Visit The Transparent Flamingo 2 to see the offical list!
http://www.investorshub.com/boards/board.asp?board_id=5260
Visit TF's Guru's and their birds. The ultimate goal!
http://www.investorshub.com/boards/board.asp?board_id=5775
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Paramount goes to OTCBB today as PGDP, and will continue to trade on Pink Sheets for only one month. HD
Yes I did find it.. Thanx Longhorn and HD..
If you have trouble finding Traders on the IHUB boards it is probably because of the spelling. I had to use Google to find the darn thing because I thought that Caribbean only had 1 b. Fortunately Google spells better than I do and corrected me and sent me back to IHUB who couldn't find my 1 b ocean. Hope you found it; I imagine you probably did. GLTY. HD
Oh that. Sorry I didn't understand you. It's Traders of the Carribean and it is a site where you can talk about and exchange ideas about any stock. There are some pretty informative people on that site. Of course there are all kinds there also but I enjoy the site. Good Luck and tell me how you like it.
You were talking about the "traders site", and I was just asking for the address..
I'm not sure that I understand your question. Hopeful Diogenes is very knowledgable about this stock and he should be able to answer any of your questions.
What is the addy of the site please?
Thanx...
HD true to his word Stock Lobster ihas looked into PGDP and likes what he sees If you check out the Traders site this AM he is posting on it see posts 4683, 4688. Lets see how that works out.
Hope you had a good visit over there. I had to leave and tend to my grandson last night. I put a bug in Stock Lobsters ear and he will look into Paramount. I won't have any money avail til this afternoon. Chartinater runs that board and he also does good DD. If they both like what they see they can get the word out in a hurry. Oh and Good Morning to you.
Above Market Private Placement @ 2.60
Paramount Gold Announces Above-Market $1 Million Financing at $2.60 Per Share
Oct 13, 2006 8:00:00 AM
Copyright Business Wire 2006
OTTAWA--(BUSINESS WIRE)--
Paramount Gold Mining Corp. (OTC:PGDP) (FWB:P6G) (WKN:A0HGKQ) is pleased to announce a US $1,000,000 private placement financing of restricted stock at US $2.60 per share. There are no warrants attached and no finder fees were paid.
"This $1 million financing is being priced at a premium to the current market price of our stock," commented Chris Crupi, President and CFO, "reflecting what I believe are the spectacular results we are generating from our ongoing drill program in Mexico, and the progress we are making in our strategic alliance in South America."
Paramount will use the funds from this financing to add a second drill rig at their San Miguel project in Mexico, and in preparation for the commencement of drilling in the next 45 days at the Santos property in Peru.
About Paramount Gold
Paramount Gold Mining Corp. is a precious metals exploration and development company. It is management's objective to grow Paramount into a significant gold and precious metals producer by developing the San Miguel and Linda projects in Mexico and Peru, and the Andean Gold Alliance with Teck Cominco in South America and by acquiring other advanced-stage projects and/or producing mines in the most prolific precious metal districts in the world. The Company trades on the OTC market under the symbol "PGDP" and on the Frankfurt Exchange under the symbol "P6G." For more information, please visit the Company's web site at: www.paramountgold.com (now available in the following languages: English, German, French, Spanish, and Mandarin).
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Source: Paramount Gold Mining Corp.
----------------------------------------------
Paramount Gold Mining Corp.
Investor Relations:
Skyline Communications
613-226-9881
Toll-free: 866-481-2233
LH06- No, I never have. Sounds interesting. Will check into it right away. TIA. I appreciate you're taking the time. Just had a look at your prize longhorn Bull - won't be waving any red flags around him.HD
Hopeful I don't know if you ever go to Traders of the Carribbean site but if you do talk to Stock Lobster and he can get the word out. I will try this evening .
October 12, 2006. PGDP close $2.46 up .28 or 12.48%. Volume picking up; close to 253K compared to 12K to 15K in the past few weeks. Is anyone out there? This stock is a steal at this price . Do some reall DD and you will see. Don't take my word for it, you all must know that you can't do legitimate DD on a Bull Board. Also important: PGDP is going OTC and off the Pinks any day now.
All opinions expressed in my posts are my opinions and are not an invitation to buy or sell any stock. Do your personal Due Diligence research.
PGDP $2.41 at 12;20 UP 10.55 %. More good news will be coming, put an alert on this stock. IMHO this is just the beginning.
At 10:30 AM PGDP up .18 on the news.(7.63%)
PGDP--NEWS!!!
Paramount Gold Drills 6.7 g/t Gold Equivalent over 17.6 Meters and 4.8 g/t Gold Equivalent over 16.4 Meters at Their San Miguel Project, Mexico
Thursday October 12, 8:00 am ET
CHIHUAHUA, Mexico--(BUSINESS WIRE)--Paramount Gold Mining Corp. (OTC:PGDP - News; FWB:P6G) (WKN:A0HGKQ) is pleased to release the most recently reported assays from its ongoing drill program at the San Miguel Project near Temoris, Chihuahua, Mexico. The following results are the first five drill holes completed on the La Union zone (San Jose extension) and three additional holes from the San Jose zone. The five drill holes at La Union are step out holes to the south, and extend the San Jose zone approximately 275 meters in that direction.
Bill Reed, Manager of Exploration, Mexico, stated: "We see increased gold values, as high as 5 g/t in the drill assays received from the La Union area and this adds significantly to the silver values. The good gold and silver assays are contributing to good average grades over significant widths as drill hole LU-02 averaged 51.4 meters of 2.9 g/t gold equivalent. Drilling at La Union has extended the strike length another 275 meters to the south and we have now begun to drill north of the San Jose zone in the San Antonio area in an attempt to identify a continuous 1400 meters of strike in a zone that is still open in all directions."
Note: Gold Equivalent is calculated at 55 to 1, (55 grams silver equal 1 gram gold)
La Union zone Highlights
LU-01 cut 45.2 meters from 13.80 meters to 59.0 meters averaging 2.25 g/t gold equivalent, including:
16.40 meters from 13.8 to 30.2 meters of 227 g/t silver with 0.73
g/t gold, and
4.25 meters from 54.75 to 59.0 meters of 6.0 g/t silver and 4.45
g/t gold
LU-02 cut 51.4 meters from 31.5 meters to 82.9 meters averaging 2.9 g/t gold equivalent, including:
17.60 meters from 31.5 to 49.1 meters of 279 g/t silver with 1.64
g/t gold, and
4.40 meters from 78.5 to 82.9 meters of 10.0 g/t silver and 4.98
g/t gold
LU-03 - the best intersect was 2.65 meters from 31.90 to 34.55 of 186 g/t silver with 1.86% zinc
LU-04 - the best intersect was 14.5 meters from 87.50 to 103.0 of 22 g/t silver with 1.72 g/t gold
San Jose zone Highlights
SJ-09 cut 73.9 meters from surface with intersects that assayed between 15.0 g/t silver and 126 g/t silver
SJ-10 - the best intersect was 3.4 meters from 57.9 to 61.3 of 14 g/t silver, 1.47 g/t gold with 1.07% zinc
SJ-11 cut 22.5 meters from 44.9 meters to 67.5 meters of 10 g/t silver with 1.42 g/t gold and 0.93% zinc
LU-01 is a step out of approximately 275 meters to the south of SJ-08; the most southerly hole drilled to date in the San Jose zone. LU-02 is approximately 50 meters northeast of LU-01 and LU-03 is about 100 meters northeast of LU-01. Hole LU-04 is approximately 40 meters east of LU-02. SJ-09 is approximately 50 meters north of SJ-08 and SJ-10 is approximately 40 meters northeast of SJ-08.
Quality Control Person
Paramount takes detail photos of the entire core before it is cut to half core, which is assayed at ALS Chemex's Vancouver laboratory. As part of quality assurance, quality control (QAQC), a blank (sterile) sample is submitted every 20th sample. Later, pulps from a number of intervals will be renumbered and pulps from known standards will be inserted between them in numerical order. These will then be submitted for reanalysis. The results will then be compared to the original values reported and the known values of the inserted standards. Half-core samples have been retained on site for verification and reference purposes.
C.W. (Bill) Reed, B. Sc. Mineralogy, is acting as qualified person and has prepared the detail and review with respect to this news release.
Drill Hole From To Width Gold Silver Lead Zinc
(m) (m) (m) (g/t) (g/t) (%) (%)
----------------------------------------------------------------------
SJ-09 0.00 6.60 6.60 0.00 26.00 NSV NSV
----------------------------------------------------------------------
6.60 14.40 7.80 0.00 126.00 NSV NSV
----------------------------------------------------------------------
14.40 31.50 17.00 0.00 23.00 NSV NSV
----------------------------------------------------------------------
31.50 35.60 4.10 0.19 93.00 NSV NSV
----------------------------------------------------------------------
42.20 49.50 7.20 0.20 106.00 NSV NSV
----------------------------------------------------------------------
49.50 68.10 18.60 0.07 22.00 NSV NSV
----------------------------------------------------------------------
68.10 73.90 5.80 0.28 15.00 0.47 1.08
----------------------------------------------------------------------
80.00 92.00 12.00 0.43 0.00 NSV NSV
----------------------------------------------------------------------
SJ-10 0.00 15.50 15.50 0.00 14.00 NSV NSV
----------------------------------------------------------------------
15.50 24.00 8.50 0.00 41.00 NSV NSV
----------------------------------------------------------------------
51.70 53.20 1.50 0.14 59.00 0.47 1.27
----------------------------------------------------------------------
57.90 61.30 3.40 1.47 14.00 0.63 1.07
----------------------------------------------------------------------
64.60 65.50 0.90 0.32 54.00 0.18 0.39
----------------------------------------------------------------------
67.15 70.50 3.35 0.16 0.00 0.40 0.95
----------------------------------------------------------------------
SJ-11 0.00 11.00 11.00 0.00 14.00 NSV NSV
----------------------------------------------------------------------
18.20 27.00 8.80 0.01 80.00 0.28 0.63
----------------------------------------------------------------------
44.90 67.50 22.50 1.42 10.00 0.50 0.93
----------------------------------------------------------------------
170.30 171.60 1.30 2.40 0.00 0.17 0.42
----------------------------------------------------------------------
LU-01 13.80 30.20 16.40 0.73 225.00 0.85 0.83
----------------------------------------------------------------------
30.20 43.00 12.80 0.06 5.00 0.33 0.67
----------------------------------------------------------------------
43.00 46.25 3.25 0.37 0.00 0.12 0.39
----------------------------------------------------------------------
54.75 59.00 4.25 4.45 6.00
----------------------------------------------------------------------
LU-02 31.50 49.10 17.60 1.64 279.00 0.19 0.26
----------------------------------------------------------------------
49.10 74.00 24.90 0.01 11.00 0.15 0.45
----------------------------------------------------------------------
74.00 78.50 4.50 0.57 2.00
----------------------------------------------------------------------
78.50 82.90 4.40 4.98 10.00
----------------------------------------------------------------------
LU-03 24.50 31.90 7.40 0.00 18.00
----------------------------------------------------------------------
31.90 34.55 2.65 0.00 186.00 0.60 1.68
----------------------------------------------------------------------
34.55 52.00 17.45 0.00 6.00 0.16 0.46
----------------------------------------------------------------------
52.00 61.50 9.50 0.59 0.00 0.16 0.39
----------------------------------------------------------------------
LU-04 63.50 71.00 7.40 0.19 43.00 0.08 0.24
----------------------------------------------------------------------
72.00 83.70 11.70 0.37 0.00 0.11 0.24
----------------------------------------------------------------------
87.50 103.00 15.50 1.72 22.00 0.16 0.29
----------------------------------------------------------------------
109.00 111.00 2.00 0.69 0.00
----------------------------------------------------------------------
LU-05 98.90 100.60 1.70 0.00 0.00 0.73 1.98
----------------------------------------------------------------------
100.60 104.70 4.10 0.24 0.00 0.28 0.68
----------------------------------------------------------------------
104.70 110.00 5.30 0.02 6.00 0.31 0.64
----------------------------------------------------------------------
110.00 112.00 2.00 0.00 50.00 0.19 0.43
----------------------------------------------------------------------
About San Miguel
San Miguel is currently comprised of 16 concessions covering an estimated 6 kilometers strike of silver and gold mineralization. It is located in Chihuahua, Mexico, and lies in the Guazapares mining district, part of the gold-silver belt of the Sierra Madre Occidental. Paramount signed an agreement in August 2005 with Amermin S.A. de CV, a subsidiary of Tara Gold Resources, to acquire a 70% interest in the San Miguel project.
About Paramount Gold
Paramount Gold Mining Corp. is a precious metals exploration and development company. It is management's objective to grow Paramount into a significant gold and precious metals producer by developing the San Miguel and Linda projects in Mexico and Peru, and the Andean Gold Alliance with Teck Cominco in South America, and by acquiring other advanced-stage projects and/or producing mines in the most prolific precious metal districts in the world. The Company trades on the OTC market under the symbol "PGDP" and on the Frankfurt Exchange under the symbol "P6G." For more information, please visit the Company's website at www.paramountgold.com (now available in English, German, French, Spanish and Mandarin).
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
This is an OT message but,if you are all interested in doing Due Diligence on junior Golds, highly speculative but with promise, this link is a site which has a collection of pictures of the work going on at the historic Deer Trail Mine as they get ready- and they are almost there now-to process the accumulated ore, which was just left in low gold price times-the pics are kind of interesting. The guys on the site are, like me, strong and long on this situation's long term possibility, so we are biased. You should do other research on your own on UCOI. The stock has been oversold, perhaps manipulated down by NSS and the graph shows a double bottom right noe-if not a triple bottom. We don't think the MM's can hold it down much longer as cashflow starts. Again I say these are my opinions and not invitations to buy, but PGDP and UCOI are the kind of situations I hunt for. I am not a pro, just a busy amateur. GLTA the PGM's are giving us fits these days but I agree with Doug Casey who is holding long and strong.
After hours Columbus Day GOOD News
FYI only-not an invitation to buy or sell this stock or any other. In the interests of transparency I do hold a position in this co. and IMHO this co is a steal at its present price, Do your own Due Diligence and you may find, as I do, that the property is undervalued and undiscovered by the major analysts.
Paramount Gold to Acquire an 80% Interest in over 6,000 Hectares Surrounding Their San Miguel Project in Mexico
Oct 9, 2006 4:05:00 PM
Copyright Business Wire 2006
CHIHUAHUA, Mexico--(BUSINESS WIRE)--
Paramount Gold Mining Corp. (OTC:PGDP) (FWB:P6G) (WKN:A0HGKQ) announced today that they have signed a letter of intent setting out the terms of an option to acquire an 80% interest in over 6,000 hectares of property from Garibaldi Resources Inc. (TSX VENTURE:GGI). The additional property surrounds Paramount's San Miguel project and adjoins Paramount's Andrea concession to the east of San Miguel.
Paramount's Manager of Exploration in Mexico, Bill Reed, commented: "I am very pleased that we have come to terms on an option to acquire this strategic piece of property that fills the gap in our land position between our San Miguel and Andrea concessions. More importantly, it surrounds much of our San Miguel project where I believe our drill program is proving a substantial precious metal discovery. I am looking forward to working with Garibaldi to explore the potential of these new concessions."
The terms of the formal agreement to be entered into within 60 days provide that Paramount issue Garibaldi 100,000 restricted shares and spend US $300,000 within 18 months to earn a 50% interest, and issue an additional 100,000 shares with a further exploration commitment of US $400,000 within 36 months to earn a 70% interest. Paramount may increase its interest to 80% by making a payment to Garibaldi of US $500,000 or an equivalent amount of Paramount common shares within 48 months from the date of this agreement.
About San Miguel
San Miguel is currently comprised of 16 concessions covering an estimated 6 kms strike of silver and gold mineralization. It is located in Chihuahua, Mexico and lies in the Guazapares Mining District, part of the gold-silver belt of the Sierra Madre Occidental. Paramount signed an agreement in August 2005 with Amermin S.A. de CV, a subsidiary of Tara Gold Resources, to acquire a 70% interest in the San Miguel project.
About Paramount Gold
Paramount Gold Mining Corp. is a precious metals exploration and development company. It is management's objective to grow Paramount into a significant gold and precious metals producer by developing the San Miguel and Linda projects in Mexico and Peru, and the Andean Gold Alliance with TeckCominco in South America, and by acquiring other advanced-stage projects and/or producing mines in the most prolific precious metal districts in the world. The Company trades on the OTC market under the symbol "PGDP" and on the Frankfurt Exchange under the symbol "P6G". For more information, please visit the Company's web site at: www.paramountgold.com (now available in the following languages: English, German, French, Spanish, and Mandarin).
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Source: Paramount Gold Mining Corp.
I found this if it's any use to you.
http://www.superstockpicker.com/canadian_US_stock_symbols.html
Hi FS-really can't help much as I'm in UK and only have access to very slow computer-frankly am not strong on the financials sector, but IMO only I would not be to heavily into it at this time. IMO only I am going to use a long term put on the S & P as I figure the US markets are in for a downturn, However, that's just me. If you mean is PGDP having a temp setback I think yes-I am holding long and strong. Sorry can't be much help from here in the countryside of Britain.
Any opinion on the financials? Temp drop or permanent?
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