Message #40 From:
Stock News Bot Date: March 14, 2007 05:00:00 AM
PGDP News Paramount Gold Engages Mine Development Associates, Independent Technical Consultant and Orthoshop
OTTAWA--(BUSINESS WIRE)--Paramount Gold Mining Corp. (OTC: PGDP) (Frankfurt: P6G, WKN: A0HGKQ) is pleased to announce that it has engaged Mine Development Associates (MDA- www.mda.com) to perform the deposit modeling, resource estimations, and National Instrument 43-101 (Canadian Standards of Disclosure for Mineral Projects) reporting on its San Miguel project in Chihuahua, Mexico. MDA is a full service mine engineering company based in Reno, Nevada, that has worked on significant projects throughout North, Central and South America.
Paramount has also engaged the services of Tony Starling of London, England to provide technical consulting with respect to its San Miguel project. Mr. Starling is an expert structural geologist and has a tremendous wealth of experience in the Sierra Madre region.
Paramount has contracted Orthoshop – Mexico to generate detailed topographic maps, digital orthophotos, and a digital terrain model for the San Miguel project. The ground control and aerial photography has recently been completed by Orthoshop and the initial results of their work are expected to be received next week.
Paramount COO, Larry Segerstrom stated: “We are very pleased to have acquired the high-quality services of MDA, with whom we can expand the resources of our San Miguel project with a great degree of confidence.”
About Paramount Gold
Paramount Gold is a precious metals exploration company trading on the OTCBB under the symbol PGDP and listed on the Frankfurt stock exchange under the symbol P6G (WKN: A0HGKQ). The Company's objectives are to explore and develop the San Miguel project, located in Chihuahua, Mexico within the Sierra Madre Occidental gold/silver belt and fully develop the potential of the strategic alliance with Teck Cominco for gold exploration in South America. For more information, please visit the Company's web site at: www.paramountgold.com (now available in the following languages: English, German, French, Spanish, and Mandarin).
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to commencement of drilling operations, concentraion in mineral deposits, delays in testing and evaluation of ore samples, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
