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.

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