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Resource Expansion Likely at Veronica Target on Paramount Gold's San Miguel Project
ShareretweetEmailPrintCompanies:PARAMOUNT GOLDParamount Gold and Silver Corp.PARAMOUNT GOLD AND SILVER CORP Related Quotes
Symbol Price Change
P6G.F 1.1800 -0.0090
{"s" : "p6g.f,pzg,pzg.to","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Press Release Source: Paramount Gold and Silver Corp. On Thursday November 4, 2010, 1:36 pm
WINNEMUCCA, NEVADA--(Marketwire - 11/04/10) - Paramount Gold (AMEX:PZG - News)(TSX:PZG - News)(Frankfurt: WKN:A0HGKQ) ("Paramount") announced today that exploration drilling has confirmed the potential for a significant expansion of resources at the Veronica target at Paramount Gold`s 100% owned San Miguel Project in the Palmarejo District of northwest Mexico.
La Veronica is a vein deposit analogous to Coeur d'Alene`s nearby Palmarejo Mine which has a defined reserve totalling 90.5 million ounces of silver and 1.04 million ounces of gold. La Veronica varies in width from 4 meters to 25 meters and sits within a northwest trending, sheared contact zone between felsic tuff and andesite. Mineralization focused in this sheared contact zone is accompanied by breccia, quartz veins and intrusive rock.
In previous programs, the La Veronica vein system was successfully drill tested at shallow depths over a strike length of 1,800 meters, generating a small initial resource. The target remained open on strike and down dip. New drilling has confirmed part of the down dip and north strike extensions. The potential target size has therefore been increased to 300,000 to 500,000 ounces of gold and 25 million to 30 million ounces of silver. The current drill program has been designed to test this potential for possible inclusion in a new resource estimate.
New results from La Veronica (RCLV) include:
--------------------------------------------------Hole No. Total Depth Interval (m) From (m) To (m) (m) Au g/t Ag g/t--------------------------------------------------RCLV-10-01 176.8 no significant intervals--------------------------------------------------RCLV-10-02 192.0 22.9 39.6 16.8 0.04 99.2-------------------------------------------------- 62.5 65.5 3.0 0.04 121.6-------------------------------------------------- 80.8 85.3 4.6 0.03 25.0-------------------------------------------------- 169.2 176.8 7.6 0.07 47.6--------------------------------------------------RCLV-10-03 198.1 79.2 82.3 3.0 0.34 25.8-------------------------------------------------- 99.1 103.6 4.6 0.10 23.2-------------------------------------------------- 118.9 121.9 3.0 0.10 28.7--------------------------------------------------RCLV-10-04 176.8 77.7 86.9 9.1 0.94 368.3-------------------------------------------------- 131.1 176.8 45.7 0.23 92.9--------------------------------------------------RCLV-10-05 262.1 126.5 134.1 7.6 0.04 36.1-------------------------------------------------- 172.2 179.8 7.6 0.06 51.5--------------------------------------------------RCLV-10-06 277.4 97.5 103.6 6.1 0.04 52.6-------------------------------------------------- 242.3 246.9 4.6 0.02 41.4--------------------------------------------------RCLV-10-07 237.7 89.9 94.5 4.6 0.09 61.3--------------------------------------------------RCLV-10-08 283.5 89.9 93.0 3.0 0.01 97.2-------------------------------------------------- 172.2 184.4 12.2 0.06 30.4--------------------------------------------------RCLV-10-09 216.4 no significant intervals--------------------------------------------------RCLV-10-10 246.9 198.1 201.2 3.0 0.02 21.4--------------------------------------------------RCLV-10-11 no significant intervals / drill hole 48.8 lost--------------------------------------------------
For more information on the La Veronica target and a detailed map, visit: http://paramountgold.com/Projects/SanMiguel_TargetMap.asp.
Although these initial results are believed to approximate true width, additional drilling will be required to fully establish true widths in all intervals. Vertical zonation of silver and gold is common in this target style and these results are therefore being pursued at depth in the current program to determine if higher gold concentrations are present.
Paramount owns a 100% interest in the 188,000 hectare (465,000 acre) San Miguel Project in the Palmarejo District of northwest Mexico, making it the largest claim holder in this rapidly growing precious metals mining camp. Ongoing exploration at San Miguel continues to develop new targets for drill testing. Four new targets are expected to be drilled in the first quarter of 2011. Resource delineation drilling has meanwhile been focused on the San Francisco, Veronica, Monte Cristo, and San Miguel Vein targets. Results from the resource delineation drilling will be incorporated into a new National Instrument 43-101 compliant resource estimate expected in the first quarter of 2011.
Exploration activities at San Miguel are being conducted by Paramount Gold de Mexico S.A de C.V personnel under the supervision of Bill Threlkeld, a Qualified Person as defined by National Instrument 43-101. An ongoing and rigorous quality control/quality assurance protocol is being employed during the program including blank, duplicate and reference standards in every batch of assays. Cross-check analyses are being conducted at a second external laboratory on 10% of the samples. Samples are being assayed at ALS Chemex, Vancouver, B.C., using fire assay atomic adsorption methods for gold and aqua regia digestion ICP methods for other elements.
Paramount Gold is a U.S. domiciled exploration and development company with multi-million ounce advanced stage projects in Nevada (Sleeper) and northern Mexico (San Miguel). Fully funded programs are now in progress at our two main projects to substantially expand resources over the next two years. Plans are also underway to exploit a large, surface inventory of gold in tailings and leach pad heaps on our Sleeper property for potential near-term cash flow. For more information visit the Company's website at www.paramountgold.com.
Safe Harbor for Forward-Looking Statements:
This release and related documents may include "forward-looking statements" including, but not limited to, statements related to the interpretation of drilling results and potential mineralization, future exploration work at the San Miguel Project and the expected results of this work. Forward-looking statements are statements that are not historical fact and are subject to a variety of risks and uncertainties which could cause actual events to differ materially from those reflected in the forward-looking statements including fluctuations in the price of gold, inability to complete drill programs on time and on budget, and future financing ability. Paramount's future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable securities laws. Words such as "believes," "plans," "anticipates," "expects," "estimates" and similar expressions should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including, but not limited to: uncertainties involving interpretation of drilling results, environmental matters, lack of ability to obtain required permitting, equipment breakdown or disruptions, and the other factors described in Paramount's Annual Report on Form 10-K for the year ended June 30, 2010 and its most recent quarterly reports filed with the SEC available on www.sec.gov and applicable Canadian securities regulators available on www.sedar.com. Except as required by applicable law, Paramount disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this document.
Contact:
Paramount Gold Discovers High Grade Strike Extension of Main Palmarejo Mine Vein at San Miguel
Companies:PARAMOUNT GOLDParamount Gold and Silver Corp.Paramount Gold and Silver Corporation Related Quotes
Symbol Price Change
P6G.F 1.74 +0.32
{"s" : "p6g.f,pzg,pzg.to","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Press Release Source: Paramount Gold and Silver Corp. On Thursday December 9, 2010, 9:51 am EST
CHIHUAHUA, MEXICO--(Marketwire - 12/09/10) - New drilling on the Don Esevein target on Paramount Gold and Silver Corp (AMEX:PZG - News)(TSX:PZG - News)(Frankfurt:P6G - News) San Miguel Project has discovered the south southeast strike extension of the main Palmarejo structural corridor that hosts Coeur d`Alene Mines (NYSE:CDE - News)Palmarejo Mine. The structural corridor is partly obscured by younger volcanic rocks, but new drilling has intersected the target below this cover.
The nearly vertical structural zone that is host to the Don Esevein strikes north northwest towards the Palmarejo Mine. True width of the Don Ese vein is typically in the range of10meters, but locally is up to 19 meters wide. To date, the mineralized vein has been traced by core drilling for a strike length of 550meters; the feature remains open down dip and along strike for at least another200 meters. Don Ese is a massive quartz vein with textures characteristic of low sulfidation epithermal deposits, consistent with other vein deposits in the district. The vein cuts and off-sets both andesite and felsic volcanic units and has several localized dacite intrusions. Follow-up drilling will continue in the new year to develop resources on this discovery.
Paramount CEO,Christopher Crupi said,"this is the most significant discovery we have made to date atour San Miguel Project. In the beginning, our huge land position had too many targets and different target types which needed to be assessed and prioritized. Systematic exploration over the past two years has enhanced our understanding of the district and we are now reaping the benefits with each drill program; we have become more focused and effective. Finding this blind target increases our confidence in making additional discoveries."
Assay results from Don Ese include:
-------------------------------------------------- Drill Hole IntervalDrill Hole Length From To LengthNumber (meters) (meters) (meters) (meters) Au g/t Ag g/t--------------------------------------------------DS-10-001 481.4 497.4 16.0 2.11 90.4-------------------------------------------------- Includes 483.5 491.1 7.6 4.25 133.4--------------------------------------------------DS-10-002 No significant intervals--------------------------------------------------DS-10-003 211.4 214.8 3.4 0.11 56.6-------------------------------------------------- 519.2 535.5 16.3 1.60 62.0-------------------------------------------------- Includes 522.0 529.7 7.7 3.06 90.1--------------------------------------------------DS-10-004 303.1 316.5 13.4 6.53 590.4-------------------------------------------------- 337.3 343.6 6.3 1.31 179.9--------------------------------------------------DS-10-005 429.85 394.5 421.5 27.0 3.11 169.4-------------------------------------------------- Includes 397.8 399.1 1.3 28.80 175.0--------------------------------------------------DS-10-006 512.25 420.05 425.15 5.10 0.73 66.1-------------------------------------------------- 427.25 436.90 9.65 5.35 387.4-------------------------------------------------- includes 429.05 430.50 1.45 13.60 864.0-------------------------------------------------- Includes 434.40 435.40 1.00 14.75 1120.0--------------------------------------------------
For more information on Don Esedrill hole locations see link below:
http://paramountgold.com/_docs/SanMiguel_TargetsGreater.jpg and http://www.paramountgold.com/_docs/DONESE_map.pdf
Although these initial results are believed to approximate true width, additional drilling will be required to fully establish true widths in all intervals. Vertical zonation of silver and gold is common in this target style and these results are therefore being pursued at depth in the current program to determine if higher gold concentrations are present.
Paramount owns a 100% interest in the 188,000 hectare (465,000 acre) San Miguel Project in the Palmarejo District of northwest Mexico, making it the largest claim holder in this rapidly growing precious metals mining camp. Two programs are ongoing at San Miguel. Exploration continues to develop new targets for drill testing. Four more new targets are expected to be drilled in the first quarter of 2011. Resource delineation drilling meanwhile has focused on the San Francisco, Veronica, Monte Cristo, and San Miguel Vein targets. Results from the resource delineation drilling will be incorporated into a new National Instrument 43-101 compliant resource estimate expected in the first quarter of 2011.
Exploration activities at San Miguel are being conducted by Paramount Gold de Mexico S.A de C.V personnel under the supervision of Bill Threlkeld, a Qualified Person as defined by National Instrument 43-101. An ongoing and rigorous quality control/quality assurance protocol is being employed during the program including blank, duplicate and reference standards in every batch of assays. Cross-check analyses are being conducted at a second external laboratory on 10% of the samples. Samples are being assayed at ALS Chemex, Vancouver, B.C., using fire assay atomic adsorption methods for gold and aqua regia digestion ICP methods for other elements.
Paramount Gold is a U.S. domiciled exploration and development company with multi-million ounce advanced stage projects in Nevada (Sleeper) and northern Mexico (San Miguel). Fully funded programs are now in progress at our two main projects to substantially expand resources over the next two years. Plans are also underway to exploit a large, surface inventory of gold in tailings and leach pad heaps on our Sleeper property for potential near-term cash flow. For more information visit the Company's website at www.paramountgold.com.
Safe Harbor for Forward-Looking Statements:
This release and related documents may include "forward-looking statements" including, but not limited to, statements related to the interpretation of drilling results and potential mineralization, future exploration work at the San Miguel Project and the expected results of this work. Forward-looking statements are statements that are not historical fact and are subject to a variety of risks and uncertainties which could cause actual events to differ materially from those reflected in the forward-looking statements including fluctuations in the price of gold, inability to complete drill programs on time and on budget, and future financing ability. Paramount's future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable securities laws. Words such as "believes," "plans," "anticipates," "expects," "estimates" and similar expressions should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including, but not limited to: uncertainties involving interpretation of drilling results, environmental matters, lack of ability to obtain required permitting, equipment breakdown or disruptions, and the other factors described in Paramount's Annual Report on Form 10-K for the year ended June 30, 2010 and its most recent quarterly reports filed with the SEC available on www.sec.gov and applicable Canadian securities regulators available on www.sedar.com. Except as required by applicable law, Paramount disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this document.
Contact:
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PARAMOUNT GOLD - Großes Kaufsignal steht bevor!
von André Rain
Freitag 10.12.2010, 15:58 Uhr
Paramount Gold and Silver Corp. - Kürzel: PZG - ISIN: US69924P1021
Börse: NYSE Amex in USD / Kursstand: 1,96 $
Rückblick: Die Paramount Gold and Silver Aktie erreichte Mitte 2009 ein Hoch bei 1,92 $ nach einer steilen Kurserholung und startete eine Seitwärtskorrektur. Diese dauert nach wie vor an und verläuft in einem Rechteck. Ausbruchsversuche nach oben hin scheiterten Anfang 2010.
Nach einem erneuten Test der Rechtecksunterkante bei 1,17 $ im August kletterte die Aktie wieder an die Oberkante bei 1,92 - 2,02 $. Jetzt konsolidiert sie seit einigen Wochen unterhalb dieser Widerstandszone, in dieser Woche versucht sie einen Ausbruch nach oben. Das Rechteck ist nach der vorangegangenen Rally als bullische Fortsetzungsformation einzustufen.
Charttechnischer Ausblick: Die Paramount Gold and Silver Aktie sollte in Kürze die 20monatige Seitwärtsbewegung nach oben hin verlassen. Bricht sie nachhaltig über 2,02 $ aus, wird ein starkes Kaufsignal ausgelöst. Das rechnerische Ziel liegt dann zunächst bei ca. 3,50 $, später wären Kurse im Bereich bei 5,00 - 5,50 $ denkbar.
Kurzfristige Rücksetzer bis 1,57 - 1,62 $ wären unbedenklich. Ein Rückfall unter 1,55 per Wochenschluss hingegen würde nochmals Rücksetzer bis 1,09 - 1,17 $ ermöglichen. Ein nachhaltiges Abrutschen unter 1,09 $ allerdings generiert ein Verkaufsignal mit Ziel bei 0,50 - 0,55 $.
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TiefAktie - ISIN US69924P1021 - WKN A0HGKQ - Ticker P6G - Zeitpunkt: 07.12. - Börse XETRA in EUR
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5 comments | by: Michael Bryant January 31, 2011 | about: PZG Font Size: PrintEmail Recommend 0 Share this page
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article to Some people say silver will outperform gold. Some people say they are both bound for a pullback. I say geopolitical tensions such as the Egyptian crisis, looming debt crisis in Europe, and buying of precious metals by both the central banks and investors will keep gold and silver from falling.
But as far as the question, “will silver outperform gold?” I ask, “can’t you own them both?” And Paramount Gold and Silver (PZG) appears to be ideal for this.
click to enlarge
Source: Yahoo Finance
The top black line in each graph is overbought territory and the bottom black line is oversold territory.
As one can see, the graph of the stock price and its technicals show an ideal buying point. The price is hitting a bottom resistance line, which could make the stock verse higher. The %K and %R shows a bullish cross, as depicted by a red circle. The W%R just crossed back above oversold territory. RSI is in oversold territory. And the MFI is approaching oversold territory. Thus, the graphs look very bullish.
Analysts on Yahoo Finance give a 12-month price target of $12.11, a whopping 357% gain over Friday’s closing price of $3.39. Is this too high of a target?
Though the company currently has a negative earnings and a price/book ratio of 6.38, they have $18.78 million in cash and zero debt. Institutional ownership is a low 4.10%, meaning there is plenty of room for buying for institutions, which is a major force in driving a stock higher. Insider ownership is a healthy 34.05%.
Total cash flow from financing activities jumped from $3.84 million in 2009 to $14.34 million in 2010. Their total stockholder equity rose from $27.07 million in 2009 to $39.92 million in 2010. If the company faces a similar 373% jump in total cash flow from financing activities, a 350% rise in stock price is justified.
There is also the possibility that the company could be a buyout candidate. All 70 of its drillholes in its San Miguel mine in Northwest Mexico hit gold and silver, with one major high-grade gold and silver vein. From the estimated amount of gold and silver, the mining project should be profitable as long as gold stays above $400. And who knows, there may be more finds in the future. Certainly, this is enough to tempt some buyers.
Source: All statistics from Yahoo Finance.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
About the author: Michael Bryant Investor. Mission: Help people make money. Degree: Chemistry from NC State University. Part time writer for ( http://momentumoptionstrading.com/ ) Follow me on Motley Fool Caps at http://caps.fool.com/player/modestus1.aspx . For short-term ideas about big movers, follow my StockTalks. Over the... More 232
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Paramount Gold & Silver (PZG) resumed drilling on the Don Ese corridor, planning 19 holes totaling 6,000 meters in three months. The corridor is now 7,500 meters long and 2,500 meters wide. They have identified three other parallel veins, and are starting a separate drilling program totaling 7,500 meters of core samples to find out what’s there. They also reported that the DS-10-07 hole came back with nothing, contradicting the CEO’s earlier statement that they found something there.
The stock touched $3.01 on January 25, but that was the low. So much for my “under $3” buy limit. Given that the resource report filing is so close, I am raising the PZG buy limit to $3.60 so people can reinvest or trade in in a few more Federal Reserve Notes for PZG stock and my $15 target in 2011. Use a $2.50 stop loss. The stop loss may sound far away, but if PZG is perceived to come up short in the resource report filing, it might happen. However, with the tailings recovery report coming this month, I suspect the stock and my stop loss will be higher before they even file the resource report. Here’s an interesting video interview with CEO Chris Crupi, still maintaining they are going forward as an operating company while all but asking someone to make a bid.
Halli Hallo!
Logischerweise kann es nur in eine Richtung gehen nähmlich nach oben um mindestens 300% in den nächsten drei bis sechs Monaten. Liebe Grüße, Investor, FFJ Wimmer A-1010 Wien
(aus Yahoo)
Last Trade: 3.91
Change: 0.28 (7.71%)
1y Target Est: 11.39
Volume: 2,193,669
Market Cap: 516.42M
9-Dec-2010 Dahlman Rose sets $14.27 price target
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I have seen a copy of an updated Dahlman Rose report (dated9-Dec-2010). The report provides an updated price target for Paramountof $14.27. The new report does not take into account the new discoveryannounced yesterday.
The target is based on NAV of Paramount being $14.27 and the P/NAV being 1.0x. The NAV is broken down as follows:
- San Miguel, San Luis, Temoris, $6.11/share
- San Francisco & Monte Cristo $2.85 / share
- Sleeper Mine $5.26 / share.
- Total $14.22
- Total - Debt $14.27 / share
Regardless,of how much weight you put into such estimates, the recent discoveryhas obviously lit a fire under PZG's stock price. I would expect thatthe following factors will help to maintain interest in PZG's stockprice:
- results from the ongoing Sleeper exploration program
- the drilling of the four new targets at San Miguel project in Q1 2011 (as per Dahlman Rose Report)
- an updated 43-101 report for San Miguel, also due in Q1 2011 (as per Dahlman Rose Report)
Habe gestern die Kaufkurse genutzt um einzusteigen.
Irgendwann werden wir hier in Kürze explodieren.
Die neue, von Mine Development Associates (MDA) aus Reno, Nevada, angefertigte Ressourcenschätzung hat für La Union 807.000 Unzen Silber und 8.800 Unzen Gold (angezeigt) bei einem Cut-Off-Gehalt von 25 Gramm Silberäquivalent pro Tonne ergeben. Die abgeleiteten Ressourcen für La Union belaufen sich bei diesem Cut-Off-Gehalt auf 9,03 Mio. Unzen Silber und 147.000 Unzen Gold. Diese Schätzungen beinhalten nicht die Bohrergebnisse von 2011, die in die für das zweite Quartal 2012 geplante Ressourcenschätzung mit aufgenommen werden.
Für die oberflächennahe Silberlagerstätte San Antonio liegen die angezeigten Ressourcen bei 7,02 Mio. Unzen Silber und 3.000 Unzen Gold bei einem Cut-Off-Gehalt von 25 Gramm Silberäquivalent pro Tonne. Die geschätzten abgeleiteten Ressourcen belaufen sich auf 12,42 Mio. Unzen Silber und 7.700 Unzen Gold bei demselben Cut-Off-Gehalt. Vor kurzem durchgeführte Bohrungen wurden hierbei nicht berücksichtigt. Derzeit werden weitere Bohrungen durchgeführt.
http://www.minenportal.de/...e-Ressourcenschaetzungen-fuer-San-Miguel
Paramount Gold and Silver Adds 500 m. of Strike to High-Grade Southern Extension of San Miguel Project's La Union Zone
New Results Include 28.2 m Intercept Grading 5.08 g/T Au With Intervals Up to 77.1 g/T Au
Press Release: Paramount Gold and Silver Corp. – 58 minutes ago.. .
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WINNEMUCCA, NEVADA--(Marketwire -05/01/12)- Paramount Gold and Silver Corp. (PZG - News)(PZG.TO - News)(P6G.F - News)(A0HGKQ) ("Paramount") today reported outstanding new assays from the southward extension of the high-grade La Union zone which could have major consequences for its 100%-owned San Miguel Project in Mexico.
La Union lies within the 7.5 km long Guazapares Megastructure which hosts a series of precious metal zones with unexplored gaps between them. To the south of La Union is an unexplored 1.3 km gap which stretches down to the Santa Clara zone. This gap is a key target for its potential to host a continuation of La Union's high grades. Core hole LU-12-046, grading 6.21 g/T of gold and 53.71 g/T of silver over 4.9 meters is especially significant because it is the biggest step-out yet, located 500 meters south of La Union and well into the unexplored gap in the Guazapares Megastructure. New drilling also found significant widths: core hole LU-12-45 returned an exceptional 28.2 meter intercept grading 5.08 g/T of gold and 11.0 g/T of silver.
To date, exploration drilling between La Union and Santa Clara has been preliminary and shallow in nature, successfully intersecting the principal structure which is well mineralized with gold and silver. Paramount geologists are now evaluating these results to determine the "optimum elevation" within the structure where additional high-grade gold is likely to be found. This method has helped Paramount to substantially increase drilling success at other targets on its San Miguel Project. Widths of the structure vary substantially over short distances. Paramount believes that it may be possible to anticipate these wider zones which appear to relate to inflections in the structure's dip.
Christopher Crupi, Paramount's CEO, commented that "La Union is now joining Don Ese and the San Miguel Vein as important sources of high-grade gold mineralization. These zones are expected to generate a substantial increase in gold resources in our next NI 43-101 estimate scheduled for later this quarter. More importantly, we believe that as we unravel the factors affecting gold deposition, we will be able to connect the high-grade occurrences into a much larger, continuous body. Two rigs continue to drill on the Guazapares Megastructure where the unexplored gaps are proving to be highly productive."
Details of the intercepts from the most recent 12 holes drilled at La Union are:
--------------------------------------------------
Total
Length From Width
Hole # Area (m) (m) To (m) (m) Au g/T Ag g/T
--------------------------------------------------
LU-12-024 LA UNION 225.35 103.20 106.40 3.20 0.01 20.48
120.80 148.25 27.45 3.29 5.02
including 120.80 126.45 5.65 11.04 19.53
including 122.15 125.10 2.95 16.00 9.26
183.20 184.20 1.00 1.18 0.80
--------------------------------------------------
La Union
LU-12-036 South Ext.
249.85 66.60 71.45 4.85 0.03 17.72
100.95 103.70 2.75 0.07 13.43
--------------------------------------------------
La Union
LU-12-037 South Ext.
262 224.75 228.45 3.70 1.98 7.05
including 227.2 228.45 1.25 5.29 18.92
--------------------------------------------------
LU-12-038 LA UNION 262.15 81.50 98.45 16.95 0.27 15.15
161.85 176.75 14.90 1.34 1.95
including 167.60 169.00 1.40 5.19 3.86
184.20 185.65 1.45 19.90 19.10
189.95 197.65 7.70 8.47 4.36
including 194.25 195.35 1.10 54.10 18.10
219.30 222.65 3.35 2.35 6.06
--------------------------------------------------
La Union
LU-12-039 South Ext.
210.20 85.90 90.65 4.75 0.12 39.63
--------------------------------------------------
La Union No significant
LU-12-040 South Ext.
253.00 intervals
--------------------------------------------------
La Union No significant
LU-12-041 South Ext.
254.00 intervals
--------------------------------------------------
La Union
LU-12-042 South Ext.
268.25 82.50 86.50 4.00 0.25 81.40
91.60 94.35 2.75 0.18 19.16
109.95 110.60 0.65 0.81 7.00
--------------------------------------------------
La Union No significant
LU-12-043 South Ext.
387.20 intervals
--------------------------------------------------
LU-12-044 LA UNION 261.83 97.00 116.65 18.75 1.55 23.72
including 97.90 100.35 2.45 7.89 98.80
221.10 223.40 1.30 0.30 1.20
--------------------------------------------------
LU-12-045 LA UNION 231.65 102.30 130.50 28.20 5.08 10.98
including 109.95 117.65 7.70 17.06 23.99
including 111.65 112.55 0.90 15.30 23.30
including 113.05 113.55 0.50 63.00 45.20
including 114.05 115.20 1.15 12.90 20.90
including 115.20 115.75 0.55 77.10 73.30
including 115.75 116.25 0.50 19.80 25.40
137.85 144.30 6.45 0.49 2.08
165.55 172.25 6.70 0.27 1.45
--------------------------------------------------
LA Union
LU-12-046 South Ext.
210.3 161.20 166.10 4.90 6.21 53.71
--------------------------------------------------
These holes were drilled to intercept the structure at right angles and the reported intercepts are therefore believed to approximate true width. (See Longitudinal Section and plan view for drill hole locations: http://media3.marketwire.com/docs/Maps_Paramount_0501.pdf).
A new resource estimate by Mine Development Associates (MDA, www.mda.com) of Reno, Nevada is expected during the second quarter of 2012 for the entire San Miguel Project and will include all 2011 and early 2012 drill results. To date, a total of 126 drill holes totaling 35,600 meter of new drilling are being incorporated into the updated resource estimation. The new resource estimate will be incorporated into a Preliminary Economic Assessment planned for completion later this year which will evaluate mining scenarios, mining rates and process alternatives while defining a path to a Preliminary Feasibility Study, which would report reserves. Paramount continues to explore the potential of its large San Miguel property position and is prioritizing numerous untested targets as well as extensions of known deposits, many of which remain open, as it pursues additional resource expansion.
Exploration activities at San Miguel are being conducted by Paramount Gold de Mexico S.A de C.V personnel under the supervision of Glen van Treek, Exploration Vice President of the Company and Bill Threlkeld, a Qualified Person as defined by National Instrument 43-101, who have both reviewed and approved this press release. An ongoing quality control/quality assurance protocol is being employed for the program including blank, duplicate and reference standards in every batch of assays. Cross-check analyses are being conducted at a second external laboratory on 10% of the samples. Samples are being assayed at ALS Chemex, Vancouver, B.C., using fire assay atomic absorption methods for gold and aqua regia digestion ICP methods for other elements.
About Paramount Gold:
Paramount Gold is a U.S. based exploration and development company with multi-million ounce advanced stage precious metals projects in Nevada (Sleeper) and northern Mexico (San Miguel). Fully funded exploration programs are now in progress at these two core projects which are expected to generate substantial additional value for our shareholders. Engineering studies are scheduled for completion in 2012 to define a development path and economic valuation for each project.
The 100% owned San Miguel Project consists of 150,160 hectares (371,053 acres) in the Palmarejo District of northwest Mexico, making Paramount the largest claim holder in this rapidly growing precious metals mining camp. The current work program at San Miguel is part of Paramount's strategy of expanding and upgrading known, large-scale precious metal occurrences in established mining camps, defining their economic potential and then partnering them with nearby producers. The San Miguel Project is ideally situated near established, low cost production where the infrastructure already exists for early, cost-effective exploitation. Paramount also owns 100% of the Sleeper Gold Project which is emerging as one of Nevada's largest new undeveloped gold resources. (See San Miguel Resource at various cut off and a global resource table below)
SUMMARY OF ALL PZG NI 43-101 COMPLIANT RESOURCE ESTIMATES:
--------------------------------------------------
MEASURED AND INDICATED RESOURCES
--------------------------------------------------
PROJECT Tonnes Au g/T Au Ounces Ag g/T Ag Ounces
--------------------------------------------------
San Miguel 8,005,000 0.38 98,800 62.00 15,759,000
Sleeper 172,763,453 0.47 2,625,399 4.56 25,337,575
Total 2,724,199 41,096,575
--------------------------------------------------
--------------------------------------------------
INFERRED RESOURCES
--------------------------------------------------
PROJECT Tonnes Au g/T Au Ounces Ag g/T Ag Ounces
--------------------------------------------------
San Miguel 45,890,000 0.60 877,700 38.00 56,848,000
Sleeper 81,754,167 0.43 1,120,410 3.12 8,202,962
Total 1,998,110 65,050,962
--------------------------------------------------
FOR A DETAILED REPORT ON THESE RESOURCE ESTIMATES, THEIR QPS AND METHODOLOGIES PLEASE SEE THE FOLLOWING NEWS RELEASES: APRIL 11, 2011 SAN MIGUEL; SEPTEMBER 13 2011, SLEEPER; DECEMBER 28 2011, SAN MIGUEL.
Cautionary Note to U.S. Investors Concerning Estimates of Indicated and Inferred Resources :
This news release uses the terms "measured and indicated resources" and "inferred resources". We advise U.S. investors that while these terms are defined in, and permitted by, Canadian regulations, these terms are not defined terms under SEC Industry Guide 7 and not normally permitted to be used in reports and registration statements filed with the SEC. "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of a feasibility study or prefeasibility studies, except in rare cases. The SEC normally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant "reserves", as in-place tonnage and grade without reference to unit measures. U.S. investors are cautioned not to assume that any part or all of mineral deposits in this category will ever be converted into reserves. U.S. investors are cautioned not to assume that any part or all of an inferred resource exists or is economically or legally minable.
Safe Harbor for Forward-Looking Statements:
This release and related documents may include "forward-looking statements" including, but not limited to, statements related to the interpretation of drilling results and potential mineralization, future exploration work at the San Miguel Project and the expected results of this work. Forward-looking statements are statements that are not historical fact and are subject to a variety of risks and uncertainties which could cause actual events to differ materially from those reflected in the forward-looking statements including fluctuations in the price of gold, inability to complete drill programs on time and on budget, and future financing ability. Paramount's future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable securities laws. Words such as "believes," "plans," "anticipates," "expects," "estimates" and similar expressions should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including, but not limited to: uncertainties involving interpretation of drilling results, environmental matters, lack of ability to obtain required permitting, equipment breakdown or disruptions, and the other factors described in Paramount's Annual Report on Form 10-K for the year ended June 30, 2011 and its most recent quarterly reports filed with the SEC.
Except as required by applicable law, Paramount disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this document.
.
.
Contact:.
.
Paramount Gold and Silver Corp.
Glen Van Treek, VP Exploration
Chris Theodossiou, Investor Relations
866-481-2233
....
Die charttechnische Situation bei PZG ist aktuell sehr vielversprechend: mit hohem Volumen wurde die Barriere rund um 2,55 USD durchbrochen, zusätzlich hat die 50 Tageslinie die 200 Tageslinie von unten nach oben durchkreuzt. In den letzten Tagen erfolgte bilderbuchmäßig eine Konsolidierung, die allerdings im Bereich zwischen 2,55 - 2,60 USD beendet sein sollte. Unterhalb von 2,55 wäre der Ausbruch wieder in Frage gestellt ..
In den letzten Tagen ist die Aktie immer wieder an das Ausbruchslevel rund um 2,52 (Gap) zurückgefallen. Hier muss in den nächsten Tagen eine Entscheidung über die kurzfristige Richtung fallen: fällt die Marke von 2,50 auf Schlusskursbasis, so wäre die nächste Unterstützung bei der 200 Tageslinie um 2,41 (bis in diesen Bereich bleibt für mich das bullische Szenario aufrecht). Wird die Marke nachhaltig verteidigt, sollten die Hochs von September bei ca. 2,82 angesteuert werden. Mit etwas Phantasie könnte man in der jüngsten Kursbewegung eine bullische Flagge erkennen .. wird natürlich auch vieles vom Goldpreis abhängen.
(Dow Jones 09.19 12:00:24)
Paramount Gold and Silver Discovers A Major New Structure at San Miguel
Project in Mexico
San Isidro surface samples generate spectacular values; first two shallow
holes yield intercepts up to 2.8 g/T Au and 214 g/T Ag; structure traced for
more than 4 km
WINNEMUCCA, NEVADA--(Marketwired - Sept. 19, 2013) - Paramount Gold and
Silver Corp. (TSX:PZG) (NYSE MKT:PZG) (FRANKFURT:P6G) (WKN:A0HGKQ)
("Paramount") today reported promising results from two preliminary drill
holes targeting a new structural system recently defined by Paramount's
geologists from surface mapping, rock sampling and alteration analysis.
The new San Isidro structural system runs parallel to, and west of, the 7 km
long Guazapares Mega-structure which hosts Paramount's rich La Union and San
Antonio deposits. San Isidro has been recognized along strike for at least
four kilometers and passes near the proposed location of the process plant
as set out in the San Miguel Preliminary Economic Assessment (PEA) released
on February 28, 2013.
Several rock samples from San Isidro returned spectacular grades--over 100
grams per tonne (g/T) of gold and up to 2,291 g/T of silver (about 70 ounces
per tonne). Surface sampling has consistently found high grade material,
predominantly silver. At San Miguel, higher silver values are generally
found at the top of the system, near surface, while gold grades tend to
improve with depth. Rock sampling at San Isidro supports this observation.
A total of 57 chip samples were collected from the central part of the
structural system which is characterized by silica-rich replacement, massive
quartz veins and altered rocks. Over 35 % of these samples returned silver
values greater than 15 g/T and averaged a highly prospective 301 g/T silver
(almost 10 ounces per tonne).
Two shallow core holes were then drilled to confirm the orientation of the
structure and test for mineralization. Both holes successfully intersected
several veins containing excellent precious metal values including gold
grades up to 2.8 g/T and silver up to 214 g/T. The best intercept (in SI-13-
001) averaged 0.61 g/T of gold and 31.6 g/T of silver over 11 meters (from
174 to 185 m). See the table below. Further drilling is required to
determine the optimum elevation for better gold grades.
Paramount's geological team is continuing detailed surface mapping along the
structure to define areas that are potentially wider and higher grade. About
3 km. of the structural system is within Paramount's concessions. The
remainder of the San Isidro structural system strikes onto ground owned by
Fresnillo PLC, the world's largest primary silver producer. Fresnillo is
actively exploring its relatively smaller claims package which is surrounded
by Paramount's claims and lies adjacent to Coeur's Palmarejo Mine (see map
below).
Results from the two preliminary San Isidro drill holes are as follows:
Total
Length
Hole # Area (m) From (m) To (m) Width (m) Au g/T Ag g/T
--------- -------- ------ --------- ------ ------
SI-13-001 SAN ISIDRO 465.75 174.20 185.55 11.35 0.610 31.62
---------- ----------
Including 174.20 179.25 5.05 1.043 39.74
---------------------
Including 176.20 177.20 1.00 2.840 103.00
Including 182.50 183.00 0.50 1.874 155.00
193.30 194.05 0.75 0.387 41.80
252.60 254.60 2.00 0.189 21.70
278.75 280.10 1.35 1.619 206.00
330.75 331.60 0.85 0.352 18.10
371.20 372.45 1.25 0.240 214.00
394.60 395.40 0.80 0.012 82.10
--------------------- --------- -------- ------ --------- ------ ------
SI-13-002 SAN ISIDRO 274.15 13.20 14.80 1.60 0.442 0.70
---------- ----------
21.00 22.00 1.00 0.008 113.00
---------------------
65.90 67.40 1.50 0.031 57.10
74.10 75.50 1.40 0.020 58.20
108.85 111.00 2.15 0.026 33.57
242.20 244.20 2.00 0.151 78.00
--------------------- --------- -------- ------ --------- ------ ------
These holes were drilled to intersect the structures at what were thought to
be right angles and it is therefore expected that the reported intercepts
closely approximate true widths.
Christopher Crupi, Paramount's CEO, commented: "We are very excited to
discover this new structure which once again demonstrates that San Miguel
remains an outstanding exploration project as well as a robust mining
opportunity at even lower than current metal prices. We believe this
structure has the potential to deliver multiple deposits with grades that
equal anything found in the Palmarejo District."
A figure is available at the following address:
http://media3.marketwire.com/docs/SanIsidro899218.pdf.
NI 43-101 Disclosure
Exploration activities at San Miguel are being conducted by Paramount Gold
de Mexico S.A de C.V personnel under the supervision of Glen van Treek,
Exploration Vice President of the Company and Bill Threlkeld, a Qualified
Person as defined by National Instrument 43-101, who have both reviewed and
approved this press release. An ongoing quality control/quality assurance
protocol is being employed for the program including blank, duplicate and
reference standards in every batch of assays. Cross-check analyses are being
conducted at a second external laboratory on 10% of the samples. Samples are
being assayed at ALS Chemex and Acme Laboratories, Vancouver, B.C., using
fire assay atomic absorption methods for gold and aqua regia digestion ICP
methods for other elements.
San Miguel Project PEA
The PEA was prepared by Metal Mining Consultants ("MMC") of Denver, Colorado
incorporating a resource model developed by MDA. The PEA confirms that the
San Miguel Project represents an unusually robust economic opportunity to
develop a low cost mine in the prolific Sierra Madre belt in Mexico. In
their analysis, MMC proposed a 4,000 tonnes per day mill fed by open pits
and underground mines, resulting in a projected 14 year operation with a
total metal production of 803,000 ounces of gold and 43.2 million ounces of
silver (1,637,000 ounces of gold equivalent at the base case gold-to-silver
price ratio of 51.7 to 1).
Start-up capital costs including working capital are estimated at $243
million. Sustaining capital costs over the project's life are projected to
be an additional $227 million. With $70.3 million in contingencies, total
life-of-mine capital costs are estimated at $540 million. Projected
life-of-mine average cash operating costs are $512 per ounce of equivalent
gold recovered. The total cost of production (including cash operating costs
and total capital and contingency costs over the life of the mine) is
estimated at US$842 per ounce of gold equivalent, which compares favorably
with current producers in the region. At a gold price of $1500 per ounce and
a silver price of $29 per ounce (the 3 year trailing average of gold and
silver prices at the end of January 2013), the San Miguel PEA estimated a
$1.1 billion pre-tax net cash flow, a $707 million pre-tax net present value
at a 5% discount rate and a highly accretive internal rate of return of
33.2%. Note that the PEA incorporates inferred mineral resources which are
considered to be too geologically speculative to have the economic
considerations applied to them that would enable them to be categorized as
mineral reserves and, as such, do not have demonstrated economic viability.
There can be no certainty that the estimates contained in the PEA will be
realized.
About Paramount
Paramount is a U.S.-based exploration and development company with
multi-million ounce advanced stage precious metals projects in northern
Mexico (San Miguel) and Nevada (Sleeper). Fully-funded exploration and
engineering programs are now in progress at these two core projects which
are expected to generate substantial additional value for our shareholders.
The San Miguel Project consists of over 142,000 hectares (over 353,000
acres) in the Palmarejo District of northwest Mexico, making Paramount the
largest claim holder in this rapidly growing precious metals mining camp.
The San Miguel Project is ideally situated near established, low cost
production where the infrastructure already exists for early, cost-effective
exploitation. A PEA for San Miguel was completed and announced on February
28, 2013.
The Sleeper Gold Project is located off a main highway about 25 miles from
the town of Winnemucca. In 2010, Paramount acquired a 100% interest in the
project including the original Sleeper high-grade open pit mine operated by
Amax Gold from 1986 to 1996 as well as staked and purchased lands now
totaling 2,570 claims and covering about 47,500 acres which stretch south
down trend to Newmont's Sandman project. This acquisition is consistent with
the Company's strategy of district-scale exploration near infrastructure in
established mining camps. A PEA was completed for Sleeper and announced on
July 30, 2012.
(MORE TO FOLLOW) Dow Jones Newswires
September 19, 2013 06:00 ET (10:00 GMT)
S.DJ PZG PZG.T PZG-T US69924P1021 I/MNG .MINING I/XDJGI I/XRUS N/DJCS N/DJG N/DJGP N/DJGS N/DJGV N/DJI N/DJIV N/DJN N/DJOS N/DJPT N/DN N/OSCM N/OSME .METAL N/WED N/WER N/CNW N/DJPN N/DJWI N/PRL N/TPCT M/BSC M/MMR M/TPX P/ACMD P/AEQI P/PSH P/SGN P/WMAI P/WMMI R/CN .CANADA R/NME .NAMERICA R/ONT .ONTARIO DJ/TAB
Der Fusion muss auf der Hauptversammlung noch zugestimmt werden.
X-Tag noch nicht veröffentlich
Verhältnis 1:0,2016
Coeur Mining Inc Aktie
WKN: A0RNL2
ISIN: US1921085049
Symbol: CDE
http://www.ariva.de/coeur_mining_inc-aktie