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Paramount Gold & Silver expanding size of PAD zone at Sleeper Gold Project

Paramount Gold and Silver announced that new core drilling on its 100%-owned Sleeper Gold Project in Nevada is expanding the size of the PAD zone discovered last year. This drilling is part of a new program to enhance the already robust economics of the project's recently completed Preliminary Economic Assessment, or PEA, released on Sept. 13. The PEA predicts a 17 year operation with estimated average annual gold production of 172,000 ounces, a pre-tax NPV of $695M at a 5% discount rate and an IRR of 26.8%, all at a $1384 gold price