PZG Progressing on Numerous Projects

Struthers Resource Stock Report (06/16/2010)
"Once again the stock came down to the bottom of its trading range where we barely hung in with our stop/loss. It has bounced off of this support, and I think an excellent buy here. The main reason the stock came down is nothing about fundamentals but they are being dropped out of the Russell Index due to rule changes, which are basically more U.S. market-protection measures. New criteria . . .for the Russell index is where your headquarters are and where your operations are; and, in Paramount's case, they are both outside the U.S.

Resource definition drilling continues to progress successfully on bulk-mineable gold targets discovered. . .in the South San Francisco area of the San Miguel Project. Exploration work is also finding additional similar targets on the large San Miguel land package.

Paramount now has two drills working and they released results for 13 drill holes with 12 holes hitting gold mineralization. Roughly, the intersects are between 5 and 30 meters running 1–2 grams gold with about 0.5 gram silver equivalent.

Paramount's goal is to reach 5 Moz. gold (about 3 Moz. of that silver equivalent), and they continue to progress positively towards that and I expect we will see an updated 43-101 around year-end."

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