Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Hopefully you will get to HOOK EM the following weekend when the Longhorns beat OU :)
She taught me to say "Hook'em Horns!"
Thanks I just added it to my favorites.
I'm thinking of taking a position in this possibly tomorrow. Good Luck to everyone!
You should talk with Allyaustin on the Millionaire players club board. She's a huge longhorn fan!
Analyst Mike Swanson on Paramount:
Sorry Graph wouldn't copy and print out. Contact Clinton if you want an original of the press release.
I met several companies at the show and talked with the management of Paramount. Paramount looks like a buy right now, or an add on to your position. They just reported some very impressive drill results over the past few weeks and as a result are going to speed up the drilling around the San Miguel property over the next few weeks. They are then going to start to drill on several other properties in November and December.
Before I went to Toronto I noticed that PGDP had stopped falling and had started to base. Some volume came into the stock last week too. It has started to outperform the XAU. Hearing about the drill results and future plans we can see why. I wouldn't be surprised if the stock goes higher this week even if we see further weakness in gold. It's likely to make a run to 2.75 and once it breaks that afterwards it will be off to the races.
Best Regards
Clinton Joseph
Skyline Communications
T: (613) 226-9881| F: (613) 226-5106 | C: (613) 862-1495 | www.skylinecommunicationsinc.com | cjoseph@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.
Latest Excellent News: Anything I post is merely my opinion and not an invitation to buy or sell this or any other security.
Paramount Gold Outlines a High Potential Gold-Silver Target at Santos, Peru
Lima, Peru – (BUSINESS WIRE) – Wednesday, September 27th, 2006 – Paramount Gold Mining Corp. (OTC: PGDP) (Frankfurt: P6G, WKN: A0HGKQ) is pleased to provide the results of the preliminary exploration work carried out at their Santos project in Peru. This property has been acquired as part of the Andean Gold Alliance partnership signed with Teck Cominco Limited (TSX: TEK.B) in May 2006, for the exploration of 21 properties in Chile, Argentina and Peru.
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 town of Lima and 60 km NE of the town of Nasca.
The Santos project is located at the western boundary of the Antapite-Ares gold-silver belt which hosts several small to medium sized low and high sulphidation Au-Ag deposits. In particular, the Santos project bears several similarities with a group of three producing mines located east of Santos along a main crustal E-W trending structure i.e.; the Chipmo (1.6 M oz Au; 3.3 M tons at 17 g/t Au), the Ares (1.2 M oz Au and 21 M oz Ag; 2 M tons at 22 g/t Au and 11 oz/t Ag) and the Explorador (0.3 M oz Au and 17.5 M oz Ag: 2.2 M tons at 3 g/t Au and 8 oz/t Ag). Santos is located just north of this important lineament along a NNW trending crustal structure. What’s impressive is the fact that in these deposits, the length of the outcropping discovery veins (up to 7) is less than 200 meters as opposed to almost 2 km in underground workings. To date, 13 veins having strike length up to 450 meters have been mapped on Santos which supports the great potential of this property. In all of these deposits, gold is free and is associated with iron oxide whereas gold recovery is via heap leaching. In general, these mines are highly profitable as total production costs are below US $100/oz while in situ ore value is greater than US $ 300 per ton (at actual metal prices).
AlainVachon, Manager of Exploration for Paramount Gold in South America, commented: “We are very impressed with the results of our preliminary investigation on the Santos project. In this case, it’s as important to look for the right analogies with the known mines, than just posting high grade gold/silver values. Having said that, some of the values obtained so far (8.4 g/t Au and 315 g/t Ag) are very substantial. The property lies in the right area and has the right ingredients, which is what we need. The similarities with the known deposits on the large scale (overall geological setting) and the small scale (texture of the vein and mineralization) are stunning. Our focus will be to determine, below the silica lithocap, where the level high grade gold/silver occurs. We really believe that Santos, assuming the base case scenario for grade and size, has the potential to turn into a 1 M plus ounce gold equivalent deposit.”
Teck Cominco and Paramount have identified a well developed stockwork system composed of 13 quartz-oxide+/-sulphides veins associated to a silica lithocap and hydrothermal breccias. The veins show banded and/or crustiform textures, large calcite crystal pseudomorhs and several events of quartz silica injection and replacement with clay alteration comprising of sericite, illite and kaolinite and patches of silica-alunite which is typical of a well preserved high level, steam heated, low sulphidation hydrothermal system.
The veins occur within two distinct almost perpendicular systems (ENE and NNW) and have been mapped up to 450 m in length and over 0.5 to 6 m in thickness. Paramount’s sampling (131 rock samples) yielded the following results: 1.99 g/t Au and 315 g/t Ag. Teck Cominco took 728 samples (rock, soil and silt) within the limits of the property, which have returned up to 8.4 g/t Au and 120 g/t Ag.
About Teck Cominco Limited
Teck Cominco Limited (TSX: TEK.B) is an $18 billion diversified mining company, headquartered in Vancouver, Canada. The company is a world leader in the production of zinc and metallurgical coal and is also a significant producer of copper, gold and specialty metals.
Paramount Gold Highlights
· Paramount drills additional silver intersects including 354 g/t (11.4 ounces) over 6.6 meters and 263 g/t (8.5 ounces) over 19.7 meters at San Miguel Project in Mexico.
· Paramount hits 874 g/t (28 ounces) over 5.2 meters and 553 g/t (17.8 ounces) over 6.5 meters at the San Jose zone, San Miguel project in Mexico.
· Paramount hits gold in 4 of 5 drill holes at Linda property in Peru.
· Paramount hits 35.5 g/t gold over 4 meters at the San Luis zone, San Miguel project in Mexico.
· Paramount recruits key geologists from Barrick Gold.
· Paramount creates the Andean Gold Alliance with Tech Cominco Limited covering 21 properties in Chile, Peru and Argentina.
· Paramount closes $1,000,000 financing @ $4.25 with participation by Teck Cominco Limited for 117,500 shares..
· Paramount hits 11.3 g/t gold across 25.8 meters at the San Luis zone, San Miguel project in Mexico.
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.
Contact:
Investor Relations:
Skyline Communications, 613-226-9881
Toll-free: 1-866-481-2233
Best Regards
Clinton Joseph
Skyline Communications
T: (613) 226-9881| F: (613) 226-5106 | C: (613) 862-1495 | www.skylinecommunicationsinc.com | cjoseph@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.
It is a good sign IMHO that activity in the silver market is picking up considering the quality of Paramounts recent drilling and trenching results showing quality silver estimates. Not much reaction of the Market yet. Time is on the side of the longs-my sources suggest that PPS of $20 is a strong possibility based on the results from other producing mines in the same area. This won't happen tomorrow, but it will happen. GLTA; HD
Thanks Anvers I'll do that this weekend.
to find out a bit more about PGDP, it may be helpfull to check out the Interview, given a few weeks ago ... It,s full of interesting perspectives ...
www.stockcast.tv
there is also a orignial - english - version ...
HD, thanks for the post. Yes I have Paramount tagged and your info has been helpful. It may be a few weeks til I have more to put in my account so I'll be keeping an eye on this one. Yeah it's funny when you get good news the pps goes down. I've seen it in the two stocks I'm heaviest in. I think I've seen your postings on both of them. Because this is another board I'll refrain from naming them. LOL Any way I do like this stock and I think it's a steal at it's pps now. Hope it's still a bargain when I can get in it.
News Release: More excellent drill results! Things keep looking better.
Paramount Gold Drills Additional Silver Intersects, Including 354 g/t (11.4 Ounces) Silver Over 6.6 Meters and 263 g/t (8.5 Ounces) Silver Over 19.7 Meters at their San Miguel Project, Mexico
Sep 21, 2006 7:00:00 AM
Copyright Business Wire 2006
CHIHUAHUA, Mexico--(BUSINESS WIRE)--Sept. 21, 2006--
Paramount Gold Mining Corp. (OTC:PGDP)(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 remaining four of eight drill holes completed on the San Jose zone and comprised of two step out holes, SJ-05 and SJ-08 that are approximately 50 and 175 meters down strike, to the South of drill hole SJ-04 (553 g/t silver across 6.5 meters) reported on September 13th, 2006. Drill holes SJ-06 and SJ-07 step out approximately 60 meters to the South East and North East of SJ-04.
Bill Reed, Exploration Manager for Mexico said, "We continue to better our expectations with each drill hole. Hole SJ-08 was a step out of approximately 175 meters along strike, adding up to approximately 300 meters of strike that has been drill tested on the San Jose zone thus far. San Jose remains open in all directions and to depth and we expect to expand on this zone in the next phase of drilling. We are currently drilling in the La Union zone that we have identified over 250 meters with eight trenches and trench one is only about 50 meters to the South of SJ-08. The La Union and San Jose zones may be connected or slightly offset by a fault that can only be confirmed with further drilling. There may also be some significance to higher gold values that we are finding a little deeper. Hole SJ-08 cut 6.9 meters starting at 66.2 meters of 0.41 grams gold while SJ-07 hit 1.23 grams gold over 5 meters starting at 69 meters and higher gold values were also noted deeper in SJ-04 and SJ-05".
San Jose Zone Highlights:
SJ-05 cut: 47.0 meters from surface averaging 131 grams per tonne
silver, including 19.65 meters from 4.35 to 24.0 meters
of 263 g/t silver, and 8.0 meters from 24.0 to 32.0
meters of 30 g/t silver and 0.51 g/t gold, and
5.0 meters from 42.0 to 47.0 meters of 93 g/t silver.
SJ-06 cut: 6.6 meters from 44.0 to 50.6 meters of 354 g/t silver,
and 29.0 meters from 41.0 to 70.0 meters averaging
1.1 per cent zinc.
SJ-07 cut: 5.95 meters from 38.05 to 44.0 meters of 166 g/t silver,
and 5.0 meters from 69.0 to 74.0 meters of 26 g/t silver
and 1.23 g/t gold.
SJ-08 cut: 4.5 meters from 9.3 to 13.8 of 148 g/t silver and
4.0 meters from 46.5 to 50.5 meters of 149 g/t silver
with 0.49 g/t gold.
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 From To Width Gold Silver Lead Zinc
Hole (m) (m) (m) (g/t) (g/t) % %
-------- -------- -------- -------- -------- -------- ------- --------
-------- -------- -------- -------- -------- -------- ------- --------
SJ 05 0.00 4.35 4.35 0.08 65.00 0.42 0.15
-------- -------- -------- -------- -------- -------- ------- --------
4.35 24.00 19.65 0.04 263.00 0.53 0.48
-------- -------- -------- -------- -------- -------- ------- --------
24.00 32.00 8.00 0.51 30.00 0.26 0.83
-------- -------- -------- -------- -------- -------- ------- --------
42.00 47.00 5.00 0.01 93.00 nsv nsv
-------- -------- -------- -------- -------- -------- ------- --------
-------- -------- -------- -------- -------- -------- ------- --------
SJ 06 41.00 44.00 3.00 0.00 39.00 0.04 1.03
-------- -------- -------- -------- -------- -------- ------- --------
44.00 50.60 6.60 0.00 354.00 0.28 1.36
-------- -------- -------- -------- -------- -------- ------- --------
50.50 62.00 10.70 0.00 8.00 0.09 0.91
-------- -------- -------- -------- -------- -------- ------- --------
62.00 70.00 8.00 0.21 8.00 0.46 1.23
-------- -------- -------- -------- -------- -------- ------- --------
108.00 114.85 6.85 0.20 0.00 nsv nsv
-------- -------- -------- -------- -------- -------- ------- --------
-------- -------- -------- -------- -------- -------- ------- --------
SJ 07 38.05 44.00 5.95 0.00 166.00 nsv nsv
-------- -------- -------- -------- -------- -------- ------- --------
44.00 52.00 6.50 0.01 57.00 nsv nsv
-------- -------- -------- -------- -------- -------- ------- --------
59.00 64.00 5.00 0.40 31.00 0.22 0.47
-------- -------- -------- -------- -------- -------- ------- --------
69.00 74.00 5.00 1.23 26.00 0.14 0.29
-------- -------- -------- -------- -------- -------- ------- --------
82.00 108.70 26.70 0.38 7.00 nsv nsv
-------- -------- -------- -------- -------- -------- ------- --------
-------- -------- -------- -------- -------- -------- ------- --------
SJ 08 0.00 2.90 2.90 0.08 63.00 nsv nsv
-------- -------- -------- -------- -------- -------- ------- --------
9.30 13.80 4.50 0.07 148.00 0.16 0.40
-------- -------- -------- -------- -------- -------- ------- --------
13.80 46.50 32.70 0.03 24.06 nsv nsv
-------- -------- -------- -------- -------- -------- ------- --------
46.50 50.50 4.00 0.49 149.00 0.36 0.13
-------- -------- -------- -------- -------- -------- ------- --------
66.20 73.10 6.90 0.22 5.64 0.41 0.91
-------- -------- -------- -------- -------- -------- ------- --------
81.00 90.00 9.00 0.43 2.00 nsv nsv
-------- -------- -------- -------- -------- -------- ------- --------
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.
Paramount Gold Highlights
-- Paramount hits 874 g/t (28 ounces) over 5.2 meters and 553 g/t
(17.8 ounces) over 6.5 meters at the San Jose zone, San Miguel
project in Mexico.
-- Paramount hits gold in 4 of 5 drill holes at Linda property in
Peru.
-- Paramount hits 35.5 g/t gold over 4 meters at the San Luis
zone, San Miguel project in Mexico.
-- Paramount recruits key geologists from Barrick Gold.
-- Paramount creates the Andean Gold Alliance with Teck Cominco
Limited covering 21 properties in Chile, Peru and Argentina.
-- Paramount closes $1,000,000 financing @ $4.25 with
participation by Teck Cominco Limited for 117,500 shares.
-- Paramount hits 11.3 g/t gold across 25.8 meters at the San
Luis zone, San Miguel project in Mexico.
-- Charles Reed, former Hecla Mining Chief Geologist, Mexico,
joins Paramount Gold.
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.
----------------------------------------------
Investor Relations:
Skyline Communications
613-226-9881
Toll-free: 1-866-481-2233
Thanks Hopeful D. Hopefully, they will come up with more gold g/t, but a lot of silver will be good too.
Older but interesting Analyst's write up from April 06. I pass this on for information purposes only. My message is not an invitation to buy and reflects my opinion only. Do your own DD. GLTA-HD. Please note that the words are that follow are of Trader Mike and of Clinton Joseph the IR guy for Paramount, who published Trader Mike's writeup to the internet where I picked it up..
Hello all;
Here is the latest buy recommendation for Paramount. Trader Mike has been bang on with his prediction on the gold market. With drilling on the way, you should keep a very close eye on PGDP. Look for some major news from PGPD.
For a more in-depth update please contact me
Latest price: 3.65
Best Regards Clinton Joseph
Skyline Communications
T: (613) 226-9881| F: (613) 226-5106 | C: (613) 862-1495 | www.skylinecommunicationsinc.com | cjoseph@skylinecommunicationsinc.com
Disclaimer
Skyline Communications Inc. Disclaimer: Please be aware that Skyline Communications Inc. is a news service and NOT an investment advisory service; it is advised that you consult with a licensed financial advisor before making any investment decisions. This publication 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.
--------------------------------------------------------------------------------
04/24/06 - TraderMike: New Buy Recommendation Paramount Gold(OTC: PGDP)
(Chart here didn't copy)
I'm watching hundreds of gold stocks and my plan going forward is to add individual stocks to the buy list as they line up to breakout over the next few weeks. The strongest stocks will outperform the rest of the gold market. Shares of Paramount Gold (OTC: PGDP) are poised to go much higher over the next few weeks and are providing a safe entry point right now.
I first mentioned Paramount way back in September when it was trading at $1.10. In December it surged all of the way up to $4.00 a share on news that is was beginning to explore its San Miguel and Linda properties. The exploration team discovered several high grade gold and silver zones on its San Miguel properties and has accelerated its drill program. Over the next couple of weeks they should deliver more drill results, which should bring a positive news flow to the stock.
When a stock moves up 400% in just a few weeks like Paramount did a few months ago one of two things will happen. Either the stock will crash back down or else it will correct, hold most of its gains, and then consolidate before surging again. Many of the people who got in at cheap prices sell out and the stock has to digest these sellers. If it can do that then it proves that it is the real deal.
For example, look back at Silvercorp (Toronto: SVM). I bought it last year at $2.00 a share. It went to almost $5 a share and I sold it somewhere between $5 and $4. I was worried that its story was too good to be true and that the stock was nothing but a big promotion machine. I more than doubled my money. After I sold, the stock went sideways for several months and then eventually broke out. It is now around $20 a share. Hard to believe? Of course. But I bring it up, because after it went from $2.00 to $4.00 people like myself, sitting on huge gains, took our profits and the stock held up. We're seeing that type of real strength in Paramount shares right now.
Paramount hasn't charged up with the XAU over the past few weeks because it has been going through this period of consolidation. It should be near an end. The stock currently has support at $2.90 and resistance at $3.30. Once it breaks through $3.30, which should happen any day now, it should make a run for $4.00 a share. Ultimately I think it will go to the six to ten dollar range.
Paramount is headed by Chris Crupi, who was a former Vice-President of Pricewaterhouse Cooopers. Crupi is a Chartered Accountant specializing in a host of financial advisory services including M&A, divestitures, and business valuations. Transaction experience spans several industries including mining, software, sports and entertainment and manufacturing. Over the past 10 years, Chris has participated in deals totaling over $1 Bill ion, including such notable transactions as the sale of the Ottawa Senators Hockey Club and the sale of a division of the Canadian Red Cross to establish Canadian Blood Services. In 2004 Chris where he held the position of Vice President to co-found I T S Capital. In addition to providing financial advisory services, Chris acts for I T S clients as a CFO and director for publicly-traded companies in the United States where he is able to apply his knowledge and understanding of SEC regulations and corporate governance issues.
Also on the board of Paramount is Charles Reed, who served as the Chief Geologist for Minera Hecla S. A. de C. V., a subsidiary of Hecla Mining (NYSE:HL) from 1998 to 2004, and Regional Geologist, Mexico and Central America for Echo Bay Exploration from 1993 to 1998. While at Hecla, Mr. Reed supervised detailed exploration at the Noche Buena project, Sonora, and the San Sebastian silver and gold mine, Durango. He also discovered and drilled the Don Sergio vein that was later put into production. While at Echo Bay , Mr. Reed identified the potential of the Dolores mining district, Chihuahua , Mexico and recommended acquisitions that resulted in the discovery of more than 44 million ounces of silver and 2.5 million ounces of gold.
Paramount owns a 70% interest in the San Miguel Groupings, located in Chihuahua , Mexico, from Amermin S.A. de CV. The San Miguel Groupings include several concessions and past producing mines, including the high grade former producing San Luis mine. The agreement also includes access to 50% of the processing capacity at the La Currita Mill located about three kilometers away.
The immediate area has numerous mines and recent substantial discoveries. About 20 miles to the SE is the 170,000 ounce/year El Sauzal mine, Glamis Gold's (NYSE:GLG) newest and largest gold mine. Gammon Lake Resource 's (AMEX:GRS) Ocampo Gold-Silver Project is appr ox. 40 miles to the North, pr ojecting annual production of 270,000 ounces gold-equivalent ounces. Palmarejo ( TSXV:PJO) is developing the nearby Palmarejo mine and has acquired ground around San Miguel. Palmarejo has announced an inferred resource of 3.1 million ounce gold equivalent on their property. Industrias Peñoles the world's largest silver producer with proven and probable reserves of more than 430 million ounces of silver also holds ground around San Miguel. PJO has been one of the hottest gold stocks on the Toronto stock exchange, going from one to nine dollars a share.
With the activities of Glamis, Palmarejo, and Gammon Lake Resources, this is one of the hottest exploration zones south of the Rio Grande with a lot of potential partners in the area. Paramount plans to continue to expand. Management's objective to grow Paramount into a significant gold and precious metals producer by developing its current project in Mexico, and by acquiring other advanced-stage projects and/or producing mines in the most prolific precious metal districts in the world.
Paramount also owns the Linda property located in Peru. It consists of of six mining concessions totaling 4,500 hectares. It is located within a mining district which is currently being explored by several junior and major companies including Newmont Mining (NYSE:NEM) and Southern Peru, some of the most important exploration companies and mining operators in Peru.
Previous work carried out on the Property led to the discovery of a kilometric low grade gold system within Cretaceous sedimentary rocks. In Paramount’s view, the system may be suitable for hosting a low grade large volume heap leached deposit. As of today, the genetic model of such mineralization has not been clearly identified but it presents several similarities with porphyry, skarn or Carlin type. Mineralization and alteration (silicification and decarbonitization) are spatially associated and controlled by NW and NE trending faults and hydrothermal breccias.
Detailed sampling have been completed over an area covering approximately 1.5 km x 1.0 km. Outside of this zone, the sediments are covered by young unaltered volcanic rocks. A total of 928 surface samples has been collected, of which 263 (28%) have returned gold values greater than 300 ppb (0.3 g/t) Au, including 169 with values greater than 500 (0.5 g/t) and, 59 with values greater than 1000 ppb (1 g/t) Au. Of note, the arithmetic average of these 263 samples stands at 0.93 g/t Au. Paramount believes that this value compares very well with head grades of several small and large gold mines in Peru. In 1996, a junior company drilled 8 holes on the property: 4 holes cut oxide gold mineralization with a high value of 1.5 g/t Au over 26 m in hole 4.
Top 10 Stocks With Market Caps Above $500 Million
Name
Buy Date
Buy Price
Top 10 Stocks With Market Caps Below $500 Million
Name
Buy Date
Buy Price
Paramount Gold Mining(OTC: PGDP)
4/24/6
opening price
Disclaimer
Michael Swanson is the President of USA Capital, Inc., which provides management, support, and research for institutional investors, hedge funds, and mutual funds. The ChartWizard is also an employee of USA, Capital, Inc.. Both Swanson and employees and associates of USA Capital, Inc. may have a position in securities which they mention on TimingWallStreet or any of its services and may buy or sell such securitions at any time. Under no circumstances should the information received from TimingWallStreet represent a recommendation to buy, sell, or hold any security. TimingWallStreet contains the opinions of Swanson and the ChartWizard and is provided for informational purposes only. Neither Swanson, the ChartWizard, nor TimingWallstreet, Inc. provide individual investment advice and will not advise you personally concerning the nature, potential, value, or of any particular stock or investment strategy. To the extent that any of the information contained on TimingWallStreet may be deemed investment advice, such information is impersonal and not tailored to the investment needs of any specific person. Past results of TimingWallStreet, the ChartWizard, or Michael Swanson are not necessarily indicative of future performance.
TimingWallStreet does not represent the accuracy nor does it warranty the accuracy, completeness or timeliness of the statements made on its web site or in its email alerts. The information provided should therefore be used as a basis for continued, independent research into a security referenced on TimingWallStreet so that the Subscriber forms his or her own opinion regarding any investment in a security mentioned by TimingWallStreet. The Subscriber therefore agrees that he or she alone bears complete responsibility for their own investment research and decisions. We are not and do not represent ourselves to be a registered investment adviser or advisory firm or company. You should consult a qualified financial advisor or stock broker before making any investment decision and to help you evaluate any information you may receive from TimingWallstreet.
Consequently, the Subscriber understands and agrees that by using any of TimingWallStreet services, either directly or indirectly, TimingWallStreet, Inc. shall not be liable to anyone for any loss, injury or damage resulting from the use of or information attained from TimingWallStreet.
HD This company looks pretty good. I just stumbled on the site and went to the stock on Ameritrade. Im planning to do my own DD this week but is there anything you can fill me in on in the meantime?
Roster of Professional Staff In Place at Paramount:
Some information from a June 2006 posting concerning the hiring of geologists and others to develop the promising potential of PGDP. Originally posted by the IR guys.
Paramount has significantly increased the size of their geological team in order to take full advantage of their strategic alliance with Teck Cominco, a $13 Billion mining company, as they get set to start work on 5 high potential properties they recently identified.
By the way, I am hearing that the team behind Paramount is listing a new gold mining company on the OTCBB next week – from what I hear it has great properties in proven mining areas and should rocket out of the gate – call or email if you want more info on this company. 613 226-9881,ext 202 or 1-866-481-2233
Paramount Gold Strengthens Andean Gold Alliance Team with Addition of 4 Key Geologists
Thursday, June 29, 2006, 12:30am EST
Lima, Peru – (BUSINESS WIRE) – June 29, 2006 – Paramount Gold Mining Corp. (OTC:PGDP, Frankfurt:P6G) (“Paramount”) is pleased to announce that their South American subsidiary, Cia Minera Paramount SAC, head office of the Andean Gold Alliance with Teck Cominco (TSX:TEK.B) in South America, has recruited a full geological team which has commenced exploration on 5 key properties that have been identified as high potential. In addition to Alain Vachon and Mark Slauenwhite (both former senior geologists at Barrick Gold NYSE:ABX), Paramount’s staff now consists of six experienced geologists with the requisite expertise for the comprehensive exploration work program planned for these 5 promising properties in Chile and Argentina.
Alain Vachon, General Manager for South America commented: “I am very excited to count on an experienced team of geologists and support staff as the one we have built during the last two months. Most of our personnel have acquired experience with major companies, the majority from Barrick Gold, the largest gold company in the world, where education and constant actualization to modern exploration techniques is a must. I am very enthusiastic as the whole team has agreed to work together for the success of Paramount. I am confident that we have the top geological team in South America, and look forward to the huge contributions each of the new geologists will make to the Andean Gold Alliance, our strategic alliance with Teck Cominco. It is quite a testamount to their belief in Paramount’s potential that they would leave positions with major companies like Barrick Gold.”
Following is a brief profile of the 4 new geologists, plus 2 geologists that have been working for Paramount since November 2005:
Roly Alva has been appointed Senior Project Geologist and will assist Mark Slauenwhite due to his vast experience and knowledge of the andean geology. Before joining Paramount, Roly was a senior Project geologist for 4 years and his last assignation was the Pueblo Viejo project in Republic Dominica, a multi million ounces high sulphidation gold project. Roly has 15 years of solid exploration experience mainly in Peru, and he also worked for Anglo Gold (NYSE:AU) and several junior peruvian and foreign exploration and mining companies.
Hector Cannalez has been appointed a Project Geologist GIS specialist. Hector, who worked for Barrick Gold during the last 6 years, has great experience and is very skilled in manipulating sophisticated software, such as Arcview, ArcGIS and extensions, GEMCOM, and Vulcan 3D Modelling, Geostatistical Analyst, MapInfo, GVMapper and Remote Sensing ViewSpec Pro, Specmin.
Guillermo Placensia is joining Paramount as Project Geologist and brings a wide array of experience with different companies with operations in such countries as Peru (Compañía de Minas Buenaventura S.A (NYSE:BVN) and Centromin), Canada (Minera Sulliden Shahuindo S.A.C – TSX:SUE), Australia (Monterrico Metals – AIM:MNA.L), South Africa (Anglogold Exploración Perú) and England (Rio Tinto – LSE:RIO). Guillermo has experience in many types of gold deposits and is familiar with all steps of the exploration process leading to a discovery.
Victor Leon has been appointed as Project Geologist, and has more than 12 years of experience with Bueaventura Ingenieros S.A. as Project geologist, Minera Barrick Misquichilca S.A. as generative geologist, Minera Meridian Peru (NYSE:MDG) as Project geologist responsible for the reinterpretation and ore reserves calculation of the Lucero project, Pan American Silver (NASDAQ:PAAS) as geologist responsible for the Luz Angelica zone of the Mina Quiruvilca, Minera Inmet Peru as exploration geologist on the Antamina Belt and Sociedad Minera Cambior Peru (AMEX:CBJ) as project geologist for the La Virgen y La Arena gold project. Victor will bring the vein type experience to our group having worked in different projects bearing this style of mineralization
Hector Carrizalez has been working as a Project Geologist for Paramount since November 2005, where he was in charge of all exploration related to the Linda project in Peru. Before joining Paramount, Hector worked successively for Minera Yanacocha S.R.L (Proyecto Yanacocha), Gitennes Exploraciones Perú (TSX:GIT), CVRD (Compañía Miski Mayo), Minera Sulliden del Perú (Mario project), Minera Titan del Perú, Minera Inmet Perú S.A. and Minera Teck Perú S.A. Hector’s contribution is already well appreciated in our group.
David Guerrero has also been working as a contract geologist with Paramount since November 2005. David’s past experience includes geologist positions with various companies Teck Cominco, Minera Titan, Minera San Juan and Minera Sulliden Peruthe.
About Teck Cominco
Teck Cominco (TSX:TEK.B) is a $13 Billion diversified mining company, headquartered in Vancouver, Canada. The company is a world leader in the production of zinc and metallurgical coal and is also a significant producer of copper, gold and specialty metals.
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.
Contact:
Investor Relations:
Skyline Communications, 613-226-9881
Toll-free: 1-866-481-2233
None of the information that I have posted should be interpreted as an invitation to purchase shares of Paramount. In the interest of full disclosure please know that as a result of my own research, I have held a considerable long position myself since November 2005, but you should do your own due diligence and reach your own conclusions. Remember that the above information was posted by persons paid to inform the public about PGDP events.
Hopeful Diogenes Good Investing to you all.
Today's News Trenching Good News:
At least we got some action today, even before the news. No doubt some insider knowledge. There is always talk of a level playing field and an Orderly market, but it doesn't always work that way in this class of stocks, does it?
Paramount Gold's Trench Results at San Miguel, Mexico, Extend Silver/Gold Zone Another 250 Meters
Sep 18, 2006 4:05:00 PM
Copyright Business Wire 2006
CHIHUAHUA, Mexico--(BUSINESS WIRE)--Sept. 18, 2006--
Paramount Gold Mining Corp. (OTC:PGDP)(FWB:P6G) (WKN:A0HGKQ), is pleased to release the results of a trenching program in the south and central part of its San Miguel concession block near Temoris, Chihuahua, Mexico. The eight trenches reported are located in the La Union zone which is adjoining and to the South of the San Jose zone where Paramount reported drill results that included 874 g/t silver across 5.2 meters and 553 g/t silver across 6.5 meters (see news release dated Sept. 14, 2006).
Trenches one through eight span approximately 250 meters along strike on the La Union zone. Trench ZLU-01 starts approximately 150 meters South from drill hole SJ-04 (47 meters averaging 105 g/t silver) reported from the San Jose zone. Trenches continue down strike to the South and compare very well to earlier trench results from the San Jose zone.
The highlights of the trenching includes:
ZLU-01 66.0 meters averaging 105.0 g/t silver
ZLU-02 33.2 meters averaging 30.0 g/t silver, including 1.3 meters of 157 g/t silver and 0.90 g/t Gold
ZLU-05 18.0 meters at 136.5 g/t silver
ZLU-07 22.6 meters at 89.0 g/t silver
Paramount's Manager of Exploration, Mexico, Bill Reed, commented "Our trench results are reporting good grades across significant widths and will aid in targeting our drilling into this zone. The La Union zone is along the same strike as the San Jose zone and may be a continuation of San Jose. That could represent a total strike length of approximately 550 meters that is open along strike in both directions and to depth. Our 2nd phase of drilling in this area will step out along strike and attempt to prove up the continuity of these two zones."
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 40 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.
Drill holes are currently testing the La Union mine area based on the trench assays listed below. Once these holes are completed, the drill will move to the San Antonio area immediately north of the San Luis mine zone.
Gold
From in Silver
Area Trench (meters) To Width g/t in g/t
----------------------------------------------------------------------
Las BBB ZLU-01 0.00 14.00 14.00 0.02 55.00
--------------------------------------
14.00 51.00 37.00 0.05 135.00
-------------------------------------
51.00 66.00 15.00 0.00 77.00
-------------------------------------
-------------------------------------
0.00 66.00 66.00 0.03 105.00
----------------------------------------------------------------------
----------------------------------------------------------------------
Entre Las BBB y ZLU-02 0.00 1.30 1.30 0.90 157.00
-------------------------------------
La Union 1.30 5.30 4.00 0.00 18.00
-------------------------------------
5.30 10.20 4.90 0.00 39.00
-------------------------------------
10.20 28.20 18.00 0.01 19.00
-------------------------------------
28.20 33.20 5.00 0.08 34.00
-------------------------------------
-------------------------------------
0.00 33.20 33.20 0.05 30.00
-------------------------------------
33.20 61.20 28.00 0.07 12.00
----------------------------------------------------------------------
----------------------------------------------------------------------
Entre Las BBB y ZLU-03 0.00 50.80 50.80 0.00 9.00
-------------------------------------
La Union
----------------------------------------------------------------------
----------------------------------------------------------------------
La Union ZLU-04 0.00 14.00 14.00 0.55 56.07
-------------------------------------
14.00 40.00 26.00 0.00 17.62
----------------------------------------------------------------------
----------------------------------------------------------------------
La Union ZLU-05 6.00 19.00 13.00 0.06 22.62
-------------------------------------
19.00 37.00 18.00 0.11 136.33
-------------------------------------
37.00 44.00 7.00 0.00 41.57
-------------------------------------
44.00 60.00 16.00 0.00 9.00
-------------------------------------
-------------------------------------
-------------------------------------
6.00 44.00 38.00 0.08 79.97
-------------------------------------
6.00 60.00 54.00 0.05 58.94
----------------------------------------------------------------------
----------------------------------------------------------------------
La Union ZLU-06 0.00 15.00 15.00 0.02 21.40
-------------------------------------
15.00 22.00 7.00 0.29 99.14
----------------------------------------------------------------------
----------------------------------------------------------------------
La Union ZLU-07 4.00 26.60 22.60 0.40 89.00
-------------------------------------
----------------------------------------------------------------------
La Union ZLU-08 0.00 12.00 12.00 0.04 38.33
-------------------------------------
18.50 31.00 12.50 0.00 26.00
----------------------------------------------------------------------
Quality Control Person
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.
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.
----------------------------------------------
Skyline Communications
Investor Relations
613-226-9881
Toll-free: 1-866-481-2233
Yr Welcome Frank S. only I'm not Clinton-He's one of the PGDP IR guys-I just cut and pasted his published stuff. I am trying to get them to post stuff directly to this board-keep people interested.No posts between Feb and July or Aug. This stock deserves more attention than that. I thought the board needed more info-I've been long and accumulating PGDP since Nov.2005-and I intend to be in for whatever it takes. I have a good feeling about this play-just my own humble opinion based on extensive DD. No one should take that as an invitation to buy. Best of Luck.
More News! Silver is good too! I'm glad this is finally making a little bit of a move.
(Thanks for all your info. too Clinton.)
Press Release Source: Paramount Gold Mining Corp.
Paramount Gold Drills Multiple High-Grade Intercepts, Including 874 Grams Per Tonne (28 Ounces) Silver Over 5.2 Meters and 553 Grams Per Tonne (17.8 Ounces) Silver Over 6.5 Meters at Their San Miguel Project, Mexico
Wednesday September 13, 4:15 pm ET
CHIHUAHUA, Mexico--(BUSINESS WIRE)--Sept. 13, 2006--Paramount Gold Mining Corp. (OTC:PGDP - News; FWB:P6G) (WKN:A0HGKQ), is pleased to report multiple high-grade silver intercepts from nine drill holes on its ongoing drill program at the San Miguel project located near Temoris, Chihuahua, Mexico. Ten silver intercepts ranged from 105 grams per tonne silver to 874 grams per tonne (g/t) across lengths ranging between 2 and 47 meters. The results from four of these drill holes represent the initial testing on the San Jose zone which is located immediately adjacent to the south side of the San Luis Mine zone where Paramount previously reported 35.5 g/t gold with 17 g/t silver over 4.0 meters in drill hole SL-02 (see news release dated August 2, 2006).
ADVERTISEMENT
Paramount's Manager of Exploration, Mexico, Bill Reed, commented "I am gaining increased confidence in the potential at San Miguel as we have intersected significant silver in all nine of the drill holes reported today. We have encountered some very high grades over significant widths of 29 and 47 meters at the San Jose zone and have only tested 150 meters of strike thus far. The stockworks around the high grade veins are carrying good values that increase the widths, and the mineralization starts at surface which greatly enhances the economics of the project. Our surface sampling and trenching indicate that this zone may continue for another 150 meters to the South and join our La Union zone that has now been identified over 250 meters with seven trenches. We have also identified a silver zone further south of La Union, called Santa Clara and another silver zone, San Antonio to the North of the San Luis mine zone. I suspect this is one continuous zone that is interrupted on surface by overburden. As we learn more on the orientation of these zones, we will drill test for continuity through the overburden."
The results below are the first four drill holes on the San Jose zone and the remaining five drill holes at the San Luis Mine zone
San Jose zone
Most significant intercepts in the San Jose area are drill holes SJ-03, SJ-04 and SJ-01. While SJ-02, SJ-03 and SJ-04 are preliminary, they are not expected to change significantly when lead and zinc values are reported. Turn around time at Chemex Labs has been delayed up to 30 days or more due to increased volume.
SJ-03 cut 29.0 meters from surface averaging 192.3 grams per tonne silver, including 5.2 meters from 9.2 to 14.4 meters of 874 grams per tonne silver
SJ-04 cut 47.0 meters from surface averaging 104.8 grams per tonne silver, including 6.5 meters from 10.75 to 17.25 meters of 553 grams per tonne silver.
SJ-01 cut 13.0 meters from surface averaging 121.5 grams per tonne silver, including 5.0 meters from 0.0 to 5.0 meters of 264 grams per tonne silver.
SJ-02 cut 24.65 meters starting from surface averaging 36.0 grams per tonne silver with the best intersect being 113 grams silver across 3.45 meters from 21.20 to 24.65 meters. SJ-01 reported low lead and zinc with the best interval being 5.0 meters from surface of 0.46% lead and 0.73% zinc, SJ-02, SJ-03 and SJ-04 results are waiting lead and zinc assays. Paramount believes that the drill intersects across San Jose are perpendicular to the zone, but true widths cannot be verified at this time.
San Jose, SJ-01 was drilled at 80 degrees and collared approximately 300 meters south of the San Luis (SL) zone, drill hole SL-02 (35.5g Au). San Jose, SJ-02 was drilled at 50 degrees and collared 25 meters SW of SJ-01. SJ-03 drilled at 50 degrees was collared 75 meters along strike to the South/Southeast from SJ-02 and drill hole SJ-04 drilled at 50 degrees was collared 50 meters further down strike from SJ-03 to the South/Southeast. Paramount Gold is awaiting assay results from seven more drill holes on the San Jose zone that continue to step out on strike to the South East and North West.
San Luis Mine zone
The results from the remaining five out of eight drill holes at San Luis also intersected significant silver. SL-04, SL-05, SL-06, SL-07 and SL-08 all reported significant widths of silver, varying from 29 grams per tonne to 252.5 grams per tonne. SL-04 also reported high zinc assays.
Most significant results were from SL-04 that cut four significant intercepts:
0.44 meters from 54.55 to 54.90 meters of 0.44 grams per tonne (g/t) gold, 29 g/t silver, 7.8% lead and 30% zinc,
2.0 meters from 89.0 to 91.0 meters of 253 g/t silver, 0.48% lead and 1.26% zinc,
Above this was a 7 meter intercept from 82 to 89 meters of 3.2% zinc with 8 g/t silver, and
4 meters from 116 to 120 meters of 0.41 g/t gold, 146 g/t silver, 0.64% lead and 0.60% zinc.
SL-06 best intersect was 9 meters from 68.0 to 77.0 meters of 161 g/t silver.
SL-08 also cut numerous intervals of silver with lead and zinc, including 8.5 meters from 82.0 to 90.5 meters of 89 g/t silver with 0.44% lead and 0.24% zinc.
SL-04 is located approx. 35.0 meters west of discovery drill hole SL-02 (35.5g Au). SL-06 is located approx. 150 metres to the NorthWest of SL-02 and SL-07 is located approximately 40 meters further NW of SL-06. SL-08 is approximately 75 meters north of discovery hole SL-02 and SL-05 is approximately 80 meters NorthWest of SL-02
SAN LUIS DRILL HOLES
Drill Hole Depth In Meters Interval Gold Silver Lead Zinc
Number From To In Meters gr/t gr/t % %
SL - 04 54.55 54.90 0.44 0.44 29.00 7.81 30.00
------------------------------------------------------------
57.65 76.00 18.35 0.00 0.00 0.15 0.71
------------------------------------------------------------
82.00 89.00 7.00 0.00 8.00 0.98 3.20
------------------------------------------------------------
89.00 91.00 2.00 0.12 252.50 0.48 1.26
------------------------------------------------------------
97.00 116.00 19.00 0.03 37.16 0.10 0.33
------------------------------------------------------------
116.00 120.00 4.00 0.41 145.75 0.64 0.60
----------------------------------------------------------------------
----------------------------------------------------------------------
SL - 05 76.00 79.00 3.00 0.00 45.00 nvs nvs
------------------------------------------------------------
85.00 118.00 34.00 0.00 24.00 nvs nvs
----------------------------------------------------------------------
----------------------------------------------------------------------
SL - 06 58.00 68.00 10.00 0.00 33.81 nvs nvs
------------------------------------------------------------
68.00 77.00 9.00 0.00 161.44 nvs nvs
------------------------------------------------------------
77.00 86.30 9.30 0.00 49.32 nvs nvs
----------------------------------------------------------------------
----------------------------------------------------------------------
SL - 07 56 81.5 22.5 0 0 0.09 0.43
----------------------------------------------------------------------
81.50 86.70 5.20 0.00 38.65 0.12 0.56
----------------------------------------------------------------------
----------------------------------------------------------------------
SL - 08 25.10 31.90 6.80 0.00 0.00 0.22 0.42
------------------------------------------------------------
42.70 44.50 1.80 0.04 78.11 0.06 0.15
------------------------------------------------------------
50.15 54.15 4.00 0.00 33.76 0.51 0.69
------------------------------------------------------------
56.60 58.00 1.40 0.17 102.00 0.35 0.70
------------------------------------------------------------
62.90 70.50 7.60 0.00 78.62 0.08 0.32
------------------------------------------------------------
70.50 82.00 11.50 0.05 12.11 0.07 0.17
------------------------------------------------------------
82.00 90.50 8.50 0.04 88.66 0.44 0.24
------------------------------------------------------------
90.50 92.50 2.00 0.00 0.00 0.19 1.51
----------------------------------------------------------------------
SAN JOSE DRILL HOLES
SJ - 01 0.00 5.00 5.00 0.00 263.60 0.46 0.73
-------------------------------------------------------------
5.00 13.00 8.00 0.00 32.75 0.06 0.18
-------------------------------------------------------------
17.00 30.25 13.25 0.00 27.16 0.12 0.33
----------------------------------------------------------------------
PRELIMINARY RESULTS
NO LEAD OR ZINC VALUES
SJ - 02 0.00 9.40 9.40 0.00 17.46
---------------------------------------------
9.40 20.20 10.80 0.00 31.02
---------------------------------------------
21.20 24.65 3.45 0.00 112.77
------------------------------------------------------
------------------------------------------------------
SJ - 03 0.00 9.20 9.20 0.01 48.33
---------------------------------------------
9.20 14.40 5.20 0.10 873.62
---------------------------------------------
14.40 16.20 2.60 0.11 21.81
---------------------------------------------
20.10 29.00 8.90 0.01 59.67
------------------------------------------------------
------------------------------------------------------
SJ - 04 0.00 10.75 10.75 0.08 49.33
---------------------------------------------
10.75 17.25 6.50 0.00 552.93
---------------------------------------------
17.25 34.00 16.75 0.02 8.70
---------------------------------------------
34.00 47.00 13.00 0.00 50.46
---------------------------------------------
47.00 59.00 12.00 0.00 30.42
---------------------------------------------
59.00 69.00 10.00 0.02 19.00
---------------------------------------------
87.40 94.00 6.60 0.27 7.20
---------------------------------------------
99.00 101.00 2.00 0.43 0.00
------------------------------------------------------
Exploration Update
The drill rig has now been moved to the La Union Mine area immediately south of the San Jose area where 4 holes are programmed to test a silver bearing zone with old mine workings and an adjacent sub-parallel zone discovered during trenching with significant gold values. Five drill pads have been prepared immediately north of the San Luis Mine in the San Antonio area where rock chip samples from several widely outcrops ran nearly 900 g/t silver. When drill holes in the La Union Mine area are completed, the drill will be moved to test the San Antonio zone. Trenching is continuing to the north of San Antonio in the Carmen area where there are numerous old mine workings, but few outcrops.
Several new geologists have recently been added to the San Miguel project team as Paramount Gold plans to add a second 12 hour drill shift that will double the meters drilled per day. This will allow much faster testing of the numerous target areas defined to date. Detailed reconnaissance geologic mapping and rock chip sampling programs continue along the + 6 kilometer mineralized trend controlled by Paramount Gold.
Paramount Gold has now completed more than 3,800 meters of core drilling at the San Miguel project including 3 holes at Montecristo, 3 holes at La Blanca, 8 holes at San Luis and 11 holes at San Jose. The depth of each hole is shown in the table below.
Quality Control Program
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 Reed, B. Sc. Mineralogy, is acting as qualified person and has prepared the detail and review with respect to this news release.
Drill Hole Area Started Completed Total Depth
MC - 01 Montecristo 4/23/2006 5/2/2006 281.85
-----------------------------------------------------------------
MC - 02 Montecristo 5/3/2006 5/10/2006 218.85
-----------------------------------------------------------------
MC - 03 Montecristo 5/11/2006 5/24/2006 297.50
-----------------------------------------------------------------
LB - 01 La Blanca 5/26/2006 6/1/2006 200.50
-----------------------------------------------------------------
LB - 02 La Blanca 6/2/2006 6/6/2006 157.75
-----------------------------------------------------------------
LB - 03 La Blanca 6/7/2006 6/12/2006 173.00
-----------------------------------------------------------------
SL - 01 San Luis 6/15/2006 6/18/2006 160.80
-----------------------------------------------------------------
SL - 02 San Luis 6/19/2006 6/25/2006 179.10
-----------------------------------------------------------------
SL - 03 San Luis 6/26/2006 6/28/2006 126.85
-----------------------------------------------------------------
SL - 04 San Luis 6/29/2006 7/2/2006 151.45
-----------------------------------------------------------------
SL - 05 San Luis 7/2/2006 7/8/2006 148.40
-----------------------------------------------------------------
SL - 06 San Luis 7/9/2006 7/12/2006 161.30
-----------------------------------------------------------------
SL - 07 San Luis 7/13/2006 7/15/2006 130.30
-----------------------------------------------------------------
SL - 08 San Luis 7/16/2006 7/18/2006 127.75
-----------------------------------------------------------------
SJ - 01 San Jose 7/19/2006 7/21/2006 118.30
-----------------------------------------------------------------
SJ - 02 San Jose 7/22/2006 7/23/2006 44.70
-----------------------------------------------------------------
SJ - 03 San Jose 7/24/2006 7/25/2006 108.75
-----------------------------------------------------------------
SJ - 04 San Jose 7/26/2006 7/28/2006 130.10
-----------------------------------------------------------------
SJ - 05 San Jose 7/28/2006 7/31/2006 104.90
-----------------------------------------------------------------
SJ - 06 San Jose 8/1/2006 8/4/2006 114.85
-----------------------------------------------------------------
SJ - 07 San Jose 8/5/2006 8/7/2006 108.70
-----------------------------------------------------------------
SJ - 08 San Jose 8/8/2006 8/12/2006 111.40
-----------------------------------------------------------------
SJ - 09 San Jose 8/12/2006 8/15/2006 123.65
-----------------------------------------------------------------
SJ - 10 San Jose 8/15/2006 8/17/2006 105.10
----------------------------------------------------------------
SJ - 11 San Jose 8/18/2006 8/22/2006 197.10
-----------------------------------------------------------------
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.
Contact:
Investor Relations
Skyline Communications, 613-226-9881
Toll-free: 1-866-481-2233
This is a very bullish move on Paramount’s part and suggests an aggressive work program for the San Miguel concession group to go along with what is happening in Peru and the La Blanca properties. We should expect drill results in the coming weeks!
Again for a more in-depth update please feel free to contact me by phone.
Paramount Gold Completes the Purchase of the San Miguel Concession Group and Discovers the Montecristo II zone
Friday, June 9, 2006, 10:00am EST
Chihuahua, Mexico – (BUSINESS WIRE) – June 9, 2006 – Paramount Gold Mining Corp. (OTC:PGDP, Frankfurt:P6G) (“Paramount”) is pleased to announce that payments of US$400,000 have been made ahead of schedule to complete the purchase of the San Miguel concession group located in the Guazapares Mining District, Chihuahua, Mexico. These 12 concessions cover old mines dating back to the 1620’s, and more recent mine workings including the San Luis mine where the Alaska Juneau Gold Mining Company mined high grade gold and silver ore between 1958 and 1962, the San Jose silver zone and other bulk tonnage silver targets located along a 6 kilometer NNW trending zone of quartz and stockwork quartz veining.
Chris Crupi, President of Paramount Gold stated, "Given the results to-date of our work program at San Miguel, including surface, underground, trenching and rock chip sample results, we chose to accelerate the payment schedule for the San Miguel concessions in order to expedite our earn-in equity interest in the project.”
Paramount has just completed the twining of 3 old War Eagle drill holes on the La Blanca concession and 3 drill holes on the recently discovered Montecristo II breccia zone. These first set of drill results are expected in approximately three weeks. The La Blanca and Montecristo II are additional concessions that are adjacent to the original 12 San Miguel concessions. The Montecristo breccia zone was discovered while constructing drill roads and returned surface assays that include 7 metres averaging 259 g/t Ag with 0.21 gpt Au, 14 metres averaging 224 g/t silver and 7.4 meters averaging 163 g/t silver with 0.10 g/t gold. Paramount has also completed 12 drill pads at the San Luis mine
(where a 43-101 technical report listed a channel sample that assayed 85.2 g/t gold and 339 g/t silver across 15 meters) and the core drill rig will move to the first of these drill sites within the next week to begin drilling.
“We have high expectations for the holes planned into the San Luis pipe or chimney, as these holes will intersect this high grade pipe beneath the old stopes developed above the water table. These holes will provide answers regarding size, shape, structural components and controls, as well as to determine the grade and size of the orebody that remains un-mined” commented Bill Reed, Paramount’s Exploration Manager in Mexico.
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 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.
Contact:
Investor Relations:
Skyline Communications, 613-226-9881
Toll-free: 1-866-481-2233
Best Regards
Clinton Joseph
Skyline Communications
T: (613) 226-9881| F: (613) 226-5106 | C: (613) 862-1495 | www.skylinecommunicationsinc.com | cjoseph@skylinecommunicationsinc.com
Disclaimer
Skyline Communications Inc. Disclaimer: Please be aware that Skyline Communications Inc. is a news service and NOT an investment advisory service; it is advised that you consult with a licensed financial advisor before making any investment decisions. This publication 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.
--
No virus found in this incoming message.
Checked by AVG Free Edition.
Version: 7.1.405 / Virus Database: 268.12.2/443 - Release Date: 11/09/2006
There are a few information files that I have received that I am going to post for the interest of traders/investors who pass this way.
1.Paramount has significantly increased the size of their geological team in order to take full advantage of their strategic alliance with Teck Cominco, a $13 Billion mining company, as they get set to start work on 5 high potential properties they recently identified.
Paramount Gold Strengthens Andean Gold Alliance Team with Addition of 4 Key Geologists
Thursday, June 29, 2006, 12:30am EST
Lima, Peru – (BUSINESS WIRE) – June 29, 2006 – Paramount Gold Mining Corp. (OTC:PGDP, Frankfurt:P6G) (“Paramount”) is pleased to announce that their South American subsidiary, Cia Minera Paramount SAC, head office of the Andean Gold Alliance with Teck Cominco (TSX:TEK.B) in South America, has recruited a full geological team which has commenced exploration on 5 key properties that have been identified as high potential. In addition to Alain Vachon and Mark Slauenwhite (both former senior geologists at Barrick Gold NYSE:ABX), Paramount’s staff now consists of six experienced geologists with the requisite expertise for the comprehensive exploration work program planned for these 5 promising properties in Chile and Argentina.
Alain Vachon, General Manager for South America commented: “I am very excited to count on an experienced team of geologists and support staff as the one we have built during the last two months. Most of our personnel have acquired experience with major companies, the majority from Barrick Gold, the largest gold company in the world, where education and constant actualization to modern exploration techniques is a must. I am very enthusiastic as the whole team has agreed to work together for the success of Paramount. I am confident that we have the top geological team in South America, and look forward to the huge contributions each of the new geologists will make to the Andean Gold Alliance, our strategic alliance with Teck Cominco. It is quite a testamount to their belief in Paramount’s potential that they would leave positions with major companies like Barrick Gold.”
Following is a brief profile of the 4 new geologists, plus 2 geologists that have been working for Paramount since November 2005:
Roly Alva has been appointed Senior Project Geologist and will assist Mark Slauenwhite due to his vast experience and knowledge of the andean geology. Before joining Paramount, Roly was a senior Project geologist for 4 years and his last assignation was the Pueblo Viejo project in Republic Dominica, a multi million ounces high sulphidation gold project. Roly has 15 years of solid exploration experience mainly in Peru, and he also worked for Anglo Gold (NYSE:AU) and several junior peruvian and foreign exploration and mining companies.
Hector Cannalez has been appointed a Project Geologist GIS specialist. Hector, who worked for Barrick Gold during the last 6 years, has great experience and is very skilled in manipulating sophisticated software, such as Arcview, ArcGIS and extensions, GEMCOM, and Vulcan 3D Modelling, Geostatistical Analyst, MapInfo, GVMapper and Remote Sensing ViewSpec Pro, Specmin.
Guillermo Placensia is joining Paramount as Project Geologist and brings a wide array of experience with different companies with operations in such countries as Peru (Compañía de Minas Buenaventura S.A (NYSE:BVN) and Centromin), Canada (Minera Sulliden Shahuindo S.A.C – TSX:SUE), Australia (Monterrico Metals – AIM:MNA.L), South Africa (Anglogold Exploración Perú) and England (Rio Tinto – LSE:RIO). Guillermo has experience in many types of gold deposits and is familiar with all steps of the exploration process leading to a discovery.
Victor Leon has been appointed as Project Geologist, and has more than 12 years of experience with Bueaventura Ingenieros S.A. as Project geologist, Minera Barrick Misquichilca S.A. as generative geologist, Minera Meridian Peru (NYSE:MDG) as Project geologist responsible for the reinterpretation and ore reserves calculation of the Lucero project, Pan American Silver (NASDAQ:PAAS) as geologist responsible for the Luz Angelica zone of the Mina Quiruvilca, Minera Inmet Peru as exploration geologist on the Antamina Belt and Sociedad Minera Cambior Peru (AMEX:CBJ) as project geologist for the La Virgen y La Arena gold project. Victor will bring the vein type experience to our group having worked in different projects bearing this style of mineralization
Hector Carrizalez has been working as a Project Geologist for Paramount since November 2005, where he was in charge of all exploration related to the Linda project in Peru. Before joining Paramount, Hector worked successively for Minera Yanacocha S.R.L (Proyecto Yanacocha), Gitennes Exploraciones Perú (TSX:GIT), CVRD (Compañía Miski Mayo), Minera Sulliden del Perú (Mario project), Minera Titan del Perú, Minera Inmet Perú S.A. and Minera Teck Perú S.A. Hector’s contribution is already well appreciated in our group.
David Guerrero has also been working as a contract geologist with Paramount since November 2005. David’s past experience includes geologist positions with various companies Teck Cominco, Minera Titan, Minera San Juan and Minera Sulliden Peruthe.
About Teck Cominco
Teck Cominco (TSX:TEK.B) is a $13 Billion diversified mining company, headquartered in Vancouver, Canada. The company is a world leader in the production of zinc and metallurgical coal and is also a significant producer of copper, gold and specialty metals.
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.
Contact:
Investor Relations:
Skyline Communications, 613-226-9881
Toll-free: 1-866-481-2233
--
No virus found in this incoming message.
Checked by AVG Free Edition.
Version: 7.1.394 / Virus Database: 268.9.10/383 - Release Date: 07/07/2006
Do your own DD, but as an observation this stock is oversold and undervalued. Recent drill results excellent, and at this price-2.13- this stock is a steal . Check it out.I am a long time holder so I am biased, but there is a good deal of info out there so you can see for yourself.HD
check out AMRS they have the J/V with PGDP
If you liked this Gold run UNCN you'll love to add at current prices. At .0052
Post #4810 on the Seasonal Penny Board has two PGDP charts.
It would be nice if you could get someone to post a chart in the header/i-box that continually updates. Maybe you could ask Stock Analyzer over on the 'Stock Chart School and Chart plays' board to assist you in creating it.
I posted today's and 12.15's PR's on Friends In Stock and Penny Friends boards this afternoon.
Gold and silver on fire right now of course, so peeps will be looking for plays to follow.
What's your take on this new financing deal that is 'above' current PPs?
How strong and reliable are their gold and silver holdings and potential output?
back in style . Nice :)
It'll have more "ups" and it started today.
Followers
|
6
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
83
|
Created
|
11/15/05
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |