Business News • MarketWire • Paramount Gold and Silver Drilling Extends Silver-Rich Zone by 2 Km at San Miguel Project With Intercepts Up to 144 G/T Ag

Paramount Gold and Silver Drilling Extends Silver-Rich Zone by 2 Km at San Miguel Project With Intercepts Up to 144 G/T Ag

Paramount Gold and Silver Drilling Extends Silver-Rich Zone by 2 Km at San Miguel Project With Intercepts Up to 144 G/T Ag

WINNEMUCCA, NEVADA--(Marketwire - Nov. 12, 2012) - Paramount Gold and Silver Corp. (TSX:PZG)(NYSE MKT:PZG)(NYSE Amex:PZG)(FRANKFURT:P6G)(WKN:A0HGKQ)("Paramount") today reported results from 18 new core holes drilled in the ongoing exploration of its 100%-owned San Miguel Project in northern Mexico. Of the 18 new holes, 15 returned good silver grades including 18 intercepts greater than I oz. of silver per tonne. These holes were completed after the San Miguel resource update by MDA (see news release of September 5, 2012: http://www.paramountgold.com/News/NewsRelease.asp?ID=100248) and they are likely to increase the overall size and quality of the project's resource.

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