Paramount Gold & Silver reports favorable gold recoveries from Sleeper deposit

theflyonthewall.com

Paramount Gold and Silver announced that a successful preliminary bio-oxidation test of the high grade sulfide material from the West Wood area of Paramount's 100%-owned Sleeper Gold Project indicates that this high grade resource could be included in a revised Preliminary Economic Assessment, or PEA. Resources from West Wood were not included in the original 2012 PEA because of poor expected recoveries from the heap leach operation proposed for Sleeper in the PEA. Paramount CEO Christopher Crupi confirmed that the bio-ox test results "could have a major impact on the economics of the Sleeper Project. West Wood contains the highest grade material at the project, is close to the processing facilities and has a favourable strip ratio. Getting this resource into the economic model has been a high priority for us since completing the PEA."

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