Paramount granted trading halt

By Ruli Setiawan

ASX-listed Paramount Mining Corporation Limited has recently been granted a trading halt for 2 days pending an announcement of drilling results from the Company?s Gunung Rosa project, a gold, silver and base metal project in West Java. The company expects to make further announcement within the next two days or the opening of trade on Tuesday, July 10, which will end this trading halt.

Gunung Rosa, granted exploitation IUP permit, hosts a JORC resource of 358,832 ounces of gold and reserves of 146,700 ounces of gold. The recognised mineralisation occurs in steeply dipping mesothermal veins in excess of 2km in strike length contained within structures.

Editing by Er Audy Zandri