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Thursday, 10/20/2011 9:32:05 AM

Thursday, October 20, 2011 9:32:05 AM

Post# of 35739
PZG: Paramount Gold and Silver finds new gold zone at Sleeper Project in Nevada - Drill hole PGR-11-022, the northern most drill hole under the heap leach pads, intersected 24 meters grading 0.63 g/T of gold and 1.3 g/T of silver (2.34)
The Pad discovery resulted from drilling around the main Sleeper structure north from the Facilities zone. Drill hole PGR-11-022, the northern most drill hole under the heap leach pads, intersected 24 meters grading 0.63 g/T of gold and 1.3 g/T of silver in an entirely new mineralized zone which was not recognized by the condemnation drilling conducted in the area before locating the heap leach pads. Hole PGR-11-023 also intersected this new target, returning higher grade intercepts such as 1.5 meters grading 6.29 g/T of gold and 6.3 g/T of silver comparable to the grades exploited in the historical Sleeper vein.


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