The Canadian-based Paragon Minerals Corporation will begin drilling in central Newfoundland, Canada at their 100% owned South Tally Pond base metal project.

The South Tally Pond Project is located in the same volcanic belt and has very strong similarities to the rocks that host Teck-Cominco’s Duck Pond Mine, located 20 kilometres to the northwest. In 2007, Paragon made a significant base metal discovery on the property at the Lemarchant prospect, where massive sulphides grading up to 9.46% zinc, 2.13% lead, 0.81% copper, 73.44 g/t silver and 1.85 g/t gold were intersected over 14.6 metres. Paragon has a camp size land position covering 32,450 hectares beginning immediately southwest of the Duck Pond Mine property. The project is under option from Altius Resources Inc., whereby Paragon can earn a 100% interest in the property.

Review the complete article here.

Paragon focuses their attention on gold and base metal exploration in Newfoundland and Labrador, Canada.  They are listed on the TSX Venture Exchange.

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