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Para Resources Inc.
Summary
| Project: | Gold Road Mine | |
|---|---|---|
| Deposit: | Tr-Ue vein | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 9/17/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-9-2019: Para Resources Inc. announces an Exploration/Drilling Update report for its Tr-Ue vein deposit at the Gold Road Mine project. Drilling results incl. 4.72m @ 9.39g/t Au. Vancouver, British Columbia--(Newsfile Corp. - September 17, 2019) - Para R | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: James R Guilinger (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - September 17, 2019) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTCPINK: PRSRF) (the "Company" or "Para") is pleased to announce the initial certified assay results of the phase 1 drilling program on the Tr-Ue vein started this summer. The Tr-Ue vein forms a part of the Gold Road claims and is approximately 1.6 kms from the Gold Road mill on a paved highway. Results from the first 4 holes of the 9-hole program have been received from ALS Laboratories in Tucson, Az. The program is focused on the Tr-Ue vein which is about 1.6 kilometers from and is parallel to the Gold Road vein. The program was developed to orient historical production maps and drill information, much of which is from the early 1900's and most of which show historical production at significantly higher grades that Gold Road. Ian Harris, President of Para Resources stated, "We are very pleased with the initial results of our drilling program at Gold Road. The program has consistently hit the mineralized structure we were targeting and, in many cases, at significant grade and thickness. The program is the first step in orienting our sizeable database of historical data on the Tr-Ue vein, and goal of establishing future high-grade feed for the Gold Road mill. The full drilling program planned for the Tr-Ue has been designed to identify economically significant tons of mineralized material that can be transported 1.6 kms to the Company's fully permitted, highly efficient and operating mill at Gold Road. The goal is to process higher grade material which could have a significant impact on the number of ounces produced and a reduction in AISC". | |
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