Paramount: Rock chip results confirm extension of Gunung Rosa vein system

By Romel S. Gurky

ASX-listed Paramount Mining Corporation Limited unveiled Friday the results from rock chip sampling of mapped veins within its Gunung Rosa gold, silver and base metals license in West Java Province.

The sample results clearly highlight the widespread distribution and tenor of vein mineralization away from the main vein zone at Gunung Rosa with grades up to 69g/t Au. Local centers of high grade gold and silver with elevated co-anomalous copper, molybdenum, bismuth and arsenic combined with magnetics data confirm the potential for porphyry intrusive source bodies at depth.

Paramount's Chairman, Mo Munshi commented, "These vein and rock chip results confirm the potential for a large mineralized system. The system remains untested by drilling to the north and east of the current mine workings. Given these results there is considerable upside potential to add to the resources base.

The results from the vein sampling for gold and lead, presented as thematic plan plots, are shown in Figures 1 and 2.

Editing by Reiner Simanjuntak