Paramount Gold and Silver released the results of a new resource estimate prepared by Mine Development Associates of Reno Nevada, or MDA, for Paramount's 100%-owned San Miguel Project in northern Mexico. The new resource model on which the estimate is based "represents a major step forward in the evolution of San Miguel from a raw exploration prospect to what is now a mature, high quality economic opportunity," said Paramount CEO Christopher Crupi. In the new model, estimated global measured and indicated, or M&I, contained ounces of gold increased a robust 76%, from 638,000 to 1.12M. Estimated M&I contained ounces of silver rose 44%, from 53.6M to 77.1M. Inferred resources of gold and silver fell slightly as a portion of the inferred was converted to higher categories but the size of the total resource increased substantially. At a silver-to-gold ratio of 60, estimated M&I gold equivalent ounces total 2.41M at an estimated average gold equivalent grade of 1.71 g/T. For a detailed breakdown of tonnes and grade by category, please see the tables below.