Allstocks.com's Bulletin Board Post New Topic  New Poll  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » Hot Stocks Free for All ! » Paramount Gold (PGDP) is on the move.

 - UBBFriend: Email this page to someone!    
Author Topic: Paramount Gold (PGDP) is on the move.
Silverrado
Member


Rate Member
Icon 14 posted      Profile for Silverrado     Send New Private Message       Edit/Delete Post   Reply With Quote 
It seem like Paramount has hit a home run, first a hot property and now great geologist. Looks like we are going places. I am really pleased with PGDP in my portfolio. I picked it up at .65.

Here is the press release:

Former Hecla Mining Chief Geologist, Mexico Joins Paramount Gold

CHIHUAHUA, Mexico, Sep 16, 2005 (BUSINESS WIRE) -- Paramount Gold Mining Corp. (OTC:PGDP) today announces that Charles W. Reed has been elected to the Board of Directors and appointed Manager of Exploration, Mexico.
Charles W. (Bill) Reed has significant mining experience in Mexico, as he was formerly Chief Geologist - Mexico for Minera Hecla S. A. de C. V., a subsidiary of Hecla Mining (NYSE:HL) from 1998 to 2004, and Regional Geologist, Mexico and Central America for Echo Bay Exploration from 1993 to 1998. While at Hecla, Mr. Reed supervised detailed exploration at the Noche Buena project, Sonora, and the San Sebastian silver and gold mine, Durango. He also discovered and drilled the Don Sergio vein that was later put into production. While at Echo Bay, Mr. Reed identified the potential of the Dolores mining district, Chihuahua, Mexico and recommended acquisitions that resulted in the discovery of more than 44 million ounces of silver and 2.5 million ounces of gold.

Mr. Reed has a Bachelor of Science Degree, Mineralogy, University of Utah and is a Registered Professional Geologist in the State of Utah. He also completed an Intensive Spanish Program at Institute De Lengua Espanola, San Jose, Costa Rica (1969).

"With our recent acquisition of the San Miguel Groupings in Chihuahua, which includes several concessions and past producing mines, including the high grade former producing San Luis mine, we required an experienced mining executive to lead our efforts in Mexico. We cannot think of a more qualified person than Bill Reed to manage our aggressive work program on San Miguel, as well as to evaluate other promising acquisition opportunities in the area." said Chris Crupi, President and CFO.

"I am very excited to be part of a dynamic team with such a talented group of seasoned mining people. Paramount's commitment to acquire advanced-stage projects that can be put into production in the near future was a key attraction for me in agreeing to come on board," said Bill Reed.

Paramount Gold Mining Corp. is a precious metals exploration and development company. It is management's objective to grow Paramount into a significant gold and precious metals producer by developing the San Miguel project in Mexico, and by acquiring other advanced-stage projects and/or producing mines in the most prolific precious metal districts in the world.

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 market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

SOURCE: Paramount Gold Mining Corp.


CONTACT: Paramount Gold Mining Corp.
Chris Crupi, CA
ccrupi@paramountgold.com
www.paramountgold.com
OR
Investor Relations:
Skyline Communications, 613-226-9881
toll-free: 1-866-481-2233
www.skylinecommunicationsinc.com


Copyright Business Wire 2005

Posts: 22 | From: Ottawa | Registered: Jan 2005  |  IP: Logged | Report this post to a Moderator
usaa112
Member


Member Rated:
5
Icon 1 posted      Profile for usaa112     Send New Private Message       Edit/Delete Post   Reply With Quote 
Great volume today!
Posts: 158 | Registered: Jan 2005  |  IP: Logged | Report this post to a Moderator
usaa112
Member


Member Rated:
5
Icon 1 posted      Profile for usaa112     Send New Private Message       Edit/Delete Post   Reply With Quote 
Anyone else in this? I'm hearing some great things....
Posts: 158 | Registered: Jan 2005  |  IP: Logged | Report this post to a Moderator
Silverrado
Member


Rate Member
Icon 1 posted      Profile for Silverrado     Send New Private Message       Edit/Delete Post   Reply With Quote 
Paramount is making great strides; These guys are just getting started. I have been doing some research and found a company adjacent to the San Miguel property to compare. The company is Palmarejo trading on TSXV:PJO. These guys started trading last Dec at .50 they are now trading around 3 bucks with a 200M plus market cap and have raised 25M based on there property.

Here is the latest release by Haynes Capital. I think this will produce even greater volume.

(COMTEX) B: Haynes Capital Corp. Announces Update on Paramount Gold's San

iguel Property in Chihuahua, Mexico

B: Haynes Capital Corp. Announces Update on Paramount Gold's San Miguel Property

in Chihuahua, Mexico



TORONTO, Sep 26, 2005 (BUSINESS WIRE) -- Haynes Capital is pleased to report

that it has assessed the data and reports that are available for Paramount Gold

Mining Corp.'s (OTC:PGDP) recently optioned San Miguel property in the prolific

Sierra Madre Occidental belt in the district of Chihuahua, Mexico. There are a

few key points that we feel may provide shareholders with some insight into the

potential of San Miguel. Much of this information should be elaborated on

shortly in a full 43-101 report that is currently in progress for the property.



The San Luis mine could provide some interesting assays from Paramount's work

program, which is expected to commence shortly. According to old Mexican mining

data on San Luis, the assays of the next section of ore to be mined before the

mine flooded with ground water in 1963 were of very high grade. Many of these

assays ran at 300 to 400 gpt gold and the mine was known for multi-ounce per ton

ore. It is assumed this high grade ore is still in the mine and drilling this

target could provide some very robust results.



A common characteristic of the large gold discoveries in this area of Mexico is

they have normally seen a number of mineralized events. San Miguel fits this

characteristic very well with evidence of at least three stages of quartz

flooding. One stage is represented by banded, white sterile quartz with "comb

structure": another consists of chalcedonic quartz with sparse amethystine

quartz -- also sterile; and the last composed of grayish or "shadowed" quartz

associated with metallic sulphides and sulfosalts of silver, and with sulphides

of lead, zinc, iron, the latter associated with gold. The "San Miguel" vein at

Batosegachic exhibits all three types of quartz within a wide zone of

brecciation.



Another natural resource of interest in this property is silver. This property

was last worked in the 1960s and at that time silver was frequently not

extracted because the cost/benefit ratio did not justify it. An American

geologist out of Wyoming, Simons Associates (the property vender who previously

held a 49% interest in San Miguel) did some exploration work in 1978. On an

adjacent property an open cut was mined to the San Miguel property boundary and

samples across the 13 metre zone exposed in the middle of the pit assayed over

400 gpt silver with 1.9 gpt gold. This zone can be traced on surface for about

200 metres on the San Miguel claim. We view this as another important drill

target on the property.



"We look forward to the commencement of a major work program by Paramount on San

Miguel, headed up by Bill Reed, Paramount's Manager of Exploration in Mexico. Mr

Reed is a seasoned mining professional who understands the mineralogy of the

Chihuahua gold district and I am confident he will develop a program to yield

maximum results," said Patrick Haynes of Haynes Capital Corp.



About Paramount Gold Mining Corp.



Paramount Gold Mining Corp. is a precious metals exploration and development

company. It is management's objective to grow Paramount into a significant gold

and precious metals producer by developing their current project in Mexico, and

by acquiring other advanced-stage projects and/or producing mines in the most

prolific precious metal districts in the world. For more information on

Paramount Gold, please go to www.pgdp.haynescapital.com or visit

www.paramountgold.com.



About Haynes Capital Corp



Haynes Capital Corp is a capital management company that provides access to the

investment community through developed contacts and associations. Services

include corporate finance strategies, investor awareness programs and strategic

business development. For more information on Haynes Capital visit

www.haynescapital.com.



If you would like to receive a "Free Weekly News Email" for this and other up

and coming public companies of interest, please log on to: www.haynescapital.com

and enter your email address in the appropriate spaces provided.



Disclaimer: This press release/ investment opinion may contain certain

forward-looking statements within the meaning of Section 27A of the Securities

and Exchange Act of 1933, as amended, and Section 21E of the Securities and

Exchange Act of 1934, as amended, which are intended to be covered by the safe

harbors created thereby. Investors are cautioned that all forward-looking

statements involve risks and uncertainties. Although the companies mentioned may

believe that the assumptions underlying the forward-looking statements contained

herein are reasonable, any assumption could be inaccurate, and therefore, there

can be no assurance that the forward-looking statements included in this press

release will prove to be accurate. In light of the significant uncertainties

inherent in the forward-looking statements included herein, the inclusion should

not be regarded as a representation by any of the companies previously mentioned

on this report or any other person that the objective and plans of these

companies will be achieved. For a more in depth outline of our disclaimer,

please log on to www.HaynesCapital.com



Disclosure: Haynes Capital Corp. is an independent private corporation. They

have been compensated up to seventy five thousand dollars from a third party for

services rendered and hold no shares in PGDP. Haynes Capital Corp. is not a

registered investment adviser or broker/dealer. Haynes Capital Corp. makes no

recommendation that the purchase of securities of companies profiled in this

website is suitable or advisable for any person, or that an investment in such

securities will be profitable.



SOURCE: Paramount Gold Mining Corp.





CONTACT: Haynes Capital Corp.

Mr. Michael McGuire, 416-850-2176 (Investor Relations)

pgdp@haynescapitalcorp.com





Copyright Business Wire 2005

Posts: 22 | From: Ottawa | Registered: Jan 2005  |  IP: Logged | Report this post to a Moderator
metal
Member


Rate Member
Icon 1 posted      Profile for metal     Send New Private Message       Edit/Delete Post   Reply With Quote 
Yeah, I actually follow PJO and since I've seen your posts on Paramount in the region I have done some homework and they definitely seem stronger. PJOs price is slightly higher, based on what Ron Struthers wrote the price for PGDP is a good entry point. What do you think?

Check out this report today by Ron Struthers whose past picks have sky rocketed. He is now calling Paramount his top gold pick.

Take a look at his report:

Struther's Resource/Tech Report - - - V11 #10.0, - - September, 26 2005

PO Box 1020 Owen Sound, Ontario, Canada N4K 6H6
resource*bmts.com Yearly subscription $125 cdn/year or US$99

Web Site " http://www.playstocks.net" Phone-519-374-9332


Gold
I have been calling the gold market as a major bull market and that we
would see a breakout to the upside in late summer or fall. Now I have
some agreement from one of the chart techies.

Prudential's Acampora, bullish outlook is more technical. He feels
the termination of the two-decade bear market has fed into a new bull
market.

"It was during the latter stages of this multi-year decline that gold
traced out a massive bottom formation from 1998 through 2002,"
Acampora said. "And it is because of this major base pattern and the
termination of the 21-year downtrend that allow us to label the
subsequent rise in gold...a new secular bull trend."

I think we are seeing the bullish response in gold because the market
is beginning to realize that there are numerous indicators pointing to
higher inflation and potential rough roads ahead in the markets and
economy. Commodities or hard assets have been rising in all currencies
and gold is reflecting this, along with concerns, such as;

U.S. Federal Reserve Chairman Alan Greenspan told France's Finance
Minister Thierry Breton the United States has "lost control" of its
budget deficit, the French minister said on Saturday.

At this time we are near the beginning of another major up cycle in
the gold market. In every cycle there is always a handful of gold
stocks that see huge gains. In the last major up cycle of 2003 we seen
huge gains in some of our picks, like Southwestern Gold up 1500%,
Western Silver-WTC up 1000% and a producers like Bema-BGO, Glamis-GLG
and Wheaton-WRM up 600% to 700%.

The producers are at much higher prices now and we will still see some
very good gains with these, but not the several 100% we seen in 2003.
In this cycle the big gains will come from the juniors and explorers.

One such junior explorer that I believe has high potential for gains of
several 100% is Paramount Gold-PGDP. In fact I am making Paramount my
#1 gold pick for 2005. I know there is only a few months left in 2005
but I believe this stock could make a big move over the next few
months.

There are several good reasons why I am making such a bold prediction.

The company is brand new and just started trading about a month ago.
I did participate in a seed round financing of the company and as such
I know the players involved and there execution plan.

There is a very strong group of promoters in the deal and also some
very strong financial people capable of raising large sums of dollars
when required.

The share structure was set up very well and is tightly held.

Not only did the company get the best promoters and financial types,
but there is also an exceptionally strong group of mining professionals
in the deal.

I was going to wait until the company announced a couple more property
acquisitions and some more mining professionals to the management
team, but by that time, the stock will be a lot higher.

Once the share structure and the right people were put in place
Paramount began shopping for projects. In the last up cycle, billions
of dollars were raised and spent on property acquisitions and
exploration programs, but then the down cycle set in and many juniors
drifted down to very low price levels and ran out of money. There were
lots of good projects where a lot of money was spent on acquiring them
and many of these seen some exploration, but never made it to the
drill stage.

With the strong group of mining professionals in Paramount, they used
their network and cherry picked through hundreds of good projects that
became available because companies could no longer afford them or
perhaps the property vendor became impatient or other various reasons
that made them ripe for a deal.

Currently Paramount is just putting the finishing touches on the terms
for a number of projects they have carefully hand picked. As these
projects are announced, more mining professionals will be announced to
management and the board. So far Paramount has announced one very good
project and a couple of people to management. So lets have a look at
what they have thus far.


Paramount Gold Mining OTCPinks:PGDP Recent Price US$1.35
trading range since inception $0.58 to $1.41

Shares outstanding 21 million approx.
Fully diluted 28 million approx.


Management
Interim President & CFO: Chris Crupi, CA specializes in a host of
financial advisory services including M&A, divestitures, and business
valuations. Transaction experience spans several industries including
mining, software, sports and entertainment and manufacturing. Over the
past 10 years, Chris has participated in deals totaling over $1
Billion, including such notable transactions as the sale of the Ottawa
Senators Hockey Club and the sale of a division of the Canadian Red
Cross to establish Canadian Blood Services. Currently Chris is a
partner in ITS Capital and acts as a CFO or director for other U.S.
public companies. Up until 2004, he was a VP at
PricewaterhouseCoopers.

Director and Manager of Exploration, Mexico: Charles W. (Bill) Reed
has significant mining experience in Mexico, as he was formerly Chief
Geologist – Mexico for Minera Hecla S. A. de C. V., a subsidiary of
Hecla Mining (NYSE:HL) from 1998 to 2004, and Regional Geologist,
Mexico and Central America for Echo Bay Exploration from 1993 to 1998.
While at Hecla, Mr. Reed supervised detailed exploration at the Noche
Buena project, Sonora, and the San Sebastian silver and gold mine,
Durango. He also discovered and drilled the Don Sergio vein that was
later put into production. While at Echo Bay, Mr. Reed identified and
recommended acquisitions that resulted in the discovery of more than
44 million ounces of silver and 2.5 million ounces of gold.

Mr. Reed has a Bachelor of Science Degree, Mineralogy, University of
Utah and is a Registered Professional Geologist in the State of Utah.
He also completed an Intensive Spanish Program at Institute De Lengua
Espanola, San Jose, Costa Rica [1969].

We can expect further announcements on additional management people.

Properties
Paramount has just announced one project thus far, but I expect there
will be a number of other ones over the next few weeks

San Miguel Chihuahua Mexico, 70% interest

You may recognize or find that this property sounds familiar. That is
because it is the gold/silver project that American Stellar acquired
in Mexico. However, with a stock price of 6 cents or so, American
Stellar was not able to raise the amount of financing required to gain
the full benefit of the potential that exists on this property.

Paramount Gold optioned the property and can acquire up to a 70% equity
interest in San Miguel, which includes several showings and past
producing mines. The agreement also includes access to 50% of the
capacity of the 150 t/d La Currita mill, located on the adjacent
property.

The agreement calls for a payment of US$400,000 to acquire a 35%
interest in San Miguel. Paramount can increase its interest to 55% by
spending US$1 million on exploration and development within the first
18 months from the date of the agreement; and to 70% by spending an
additional US$1.5 million within the first 30 months from the date of
the agreement.

San Miguel is located in Chihuahua, Mexico and lies in the Temoris
mining district, part of the prolific gold-silver belt of the Sierra
Madre Occidental, just a few kilometers northwest of the town of
Temoris. It can be accessed by vehicle and railway and has
well-developed infrastructure with a recently constructed 33,000 volt
power line. The project covers approximately 800 acres with an
estimated 6 kms of strike in the historic gold/silver mining district.

The immediate area has numerous mines and recent substantial
discoveries.

About 20 miles to the SE is the El Sauzal mine, Glamis Gold's newest
and largest gold mine. The mine is on track to produce 170,000 ounces
in 2005 with annual production projected to average 190,000 ounces of
gold at an estimated total cash cost of $110 per ounce.

Gammon Lake Resource's Ocampo Gold-Silver Project is approx. 40 miles
to the North. A positive feasibility study was completed in November
2004 indicating annual production to average 270,000 ounces
gold-equivalent over the first seven years of mining, at a cash cost
of US $151.74 per gold-equivalent ounce.

Palmarejo, (TSXV:PJO) is developing the nearby Palmarejo mine and has
acquired ground around San Miguel. Palmarejo has reported an inferred
resource of 3.1 million ounce gold equivalent and are currently in an
early exploration phase. This is Palmarejo's only project and they
have a market cap of approx. $215 million at $3.15 /share and raised
about $25 million based on this project.

One of the underlying property vendors of San Miguel is an American
geologist who has worked in this area of Mexico for decades. He knows
the Palmarejo mine as well, but staked claims at San Miguel over
Palmarejo because he believed the grades were better.

San Miguel covers portions of three mineralized, subparallel fault
zones respectively known as Guazapares, Sangre de Cristo and
Batocegachic. All three structures have been historically mined for
gold and silver on those portions covered by the San Miguel
concessions by both underground and open pit methods.

The six-kilometer long Guazapares zone generally strikes N25 degrees W
and dips steeply to the northeast. The southern half of the Guazapares
structure is characterized by more silver-rich mineralization and the
northern half is more gold-enriched. The fractured hanging wall of the
main structure and fault intersections contain zones of stockwork
veining that provides potential for defining bulk-tonnage deposits
such as the silver deposit at the San Jose mine that was the site of a
small heap-leaching operation in the mid-1980’s.

The San Luis mine is the site of a bonanza-grade, gold-rich breccia
body that was mined to the inclined depth of 815 feet by the
Alaska-Juneau Mining Company from 1958 to 1963. Company reports from
the period indicate that the gold mineralization continues at depth
and that high-grade blocks of ore likely remain intact. The mine was
flooded by groundwater in 1963 and has not been worked since.

Despite being in the most robust mining belt in Mexico and obvious signs
of substantial mineralization, the property has not seen any modern
exploration. The vendors have held these claims for a long time and
there was a couple other deals on the project that have fallen through,
the most recent one because of a lack of financial capital that resulted
in the default of property payments.

Paramount should be announcing a work program at San Miguel within the
next week or two and I expect we could see some very strong results as
outlined in my summary below.

Financial
Currently Paramount has about $500,000 cash on hand and no debt. I
expect there will be some future financings to fund work and
development programs. We should see little dilution considering the
strong stock price and I expect they will have little trouble raising
capital considering the strong financial group behind the company.
Some of this group are the same people that raised money for
Palmajero-PJO.

Paramount is working on completing their 10SB filing to qualify for
the OTC bulletin board. I expect they will have this filing complete
in a couple of weeks. This will include audited financial statements.

Summary
I believe we will see a big move in this stock as new projects and
additional management are announced. I expect the quality of the
projects coming down the pipe will be very good. Paramount's mission
statement provides a bit of a clue

"It is management's objective to grow Paramount into a significant
gold and precious metals producer by developing the San Miguel project
in Mexico, and by acquiring other advanced-stage projects and/or
producing mines in the most prolific precious metal districts in the
world."

There is very little public data available on San Miguel and it will
probably be another couple weeks before we see a completed 43-101
report. However I did obtain copies of the old Mexican data and some
info on geological work done in the late 1970s.

The old San Luis mine could provide some high grade assays from
Paramount's planned drill program. According to old Mexican mining
data on San Luis, the assays of the next section of ore to be mined
before the mine flooded with ground water in 1963 were of very high
grade. Many of these assays ran at 300 to 400 gpt gold and the mine
was known for multi-ounce per ton ore. It is assumed this high grade
ore is still in the mine and drilling this target could provide some
real excitement in the market.

One end of San Miguel seems more dominant in gold and the other end
silver. The property was last worked in the 1960s and at that time
silver was pretty much worthless. The miners at that time just ignored
silver and went after the gold. An American geologist out of Wyoming,
Simons Associates (the property vender who previously held a 49%
interest in San Miguel) did some exploration work in 1978. On an
adjacent property an open cut was mined to the San Miguel property
boundary and samples across the 13 metre zone exposed in the middle of
the pit assayed over 400 gpt silver with 1.9 gpt gold. This zone can
be traced on surface for about 200 metres on the San Miguel claims.
This could provide some very good surface assays and trenching results
and is another important drill target on the property.

A common characteristic of the large gold discoveries in this area of
Mexico is they have normally seen a number of mineralized events. San
Miguel fits this characteristic very well with evidence of at least
three stages of quartz flooding. One stage is represented by banded,
white sterile quartz with "comb structure"; another consists of
chalcedonic quartz with sparse amethystine quartz - also sterile; and
the last composed of grayish or "shadowed" quartz associated with
metallic sulphides and sulfosalts of silver, and with sulphides of
lead, zinc, iron, the latter associated with gold. The "San Miguel"
vein at Batosegachic exhibits all three types of quartz within a wide
zone of brecciation.

I think there is little doubt that Paramount will make a discovery
at San Miguel, the only question is 'how big?' and I see very good odds
of a significant discovery at depth.

http://www.stockhouse.com/comp_info.asp?symbol=PGDP&table=LIST

stock chart

The stock has only been trading for a month but it does give some
insight. We can see a very strong up trend with rising volume and
price. I expect we could see this continue for several weeks, perhaps
with some periods of consolidation along the way.

If the company executes their business plan as I expect, we should see
a stock price of $4 to $5 by year end and it could go much higher if we
see higher gold prices and/or some strong drill results on their projects.

As I mentioned, I participated in some seed financing and do own
250,000 shares.

Posts: 6 | Registered: Jan 2005  |  IP: Logged | Report this post to a Moderator
   

Quick Reply
Message:

HTML is not enabled.
UBB Code™ is enabled.

Instant Graemlins
   


Post New Topic  New Poll  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2013 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share