Exploration programs are planned for the mineral projects of Paramount Ventures & Finance (VSE) in the Northwest Territories and Argentina.
The junior holds varying interests in joint ventures comprising more than 32,000 hectares in the Lac de Gras region of the Northwest Territories. Ashton Mining of Canada (TSE) has been exploring much of the ground and, in so doing, identified several targets south of Humpy Lake. These are expected to be drill-tested in May, and Ashton can earn up to a 51% interest by funding and operating the program.
Meanwhile, in the southern climes of Argentina’s Salta province, Paramount will attempt to enlarge its Juramento concession. Previous trenching results indicate a near-surface resource of 3 million tonnes grading 1% copper plus 25 grams silver, and the company’s intention is to expand the copper-bearing, sedimentary sequence along strike and at depth. Preliminary mapping and sampling will aid in defining drill targets.
In the northern Argentine province of Jujuy, sampling and trenching are being carried out on a 27,500-hectare property. The Eureka zone is an extensive area of recent conglomerate deposition; the conglomerate beds are gold-bearing and contain lenses of copper mineralization.
At least two sets of gold-bearing quartz veins exist in the Torno area, over a strike length of 500 metres. Preliminary sampling results from both showings are pending, and Paramount expects to drill-test both targets shortly.
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