SmallCapReview.com a leading site for news and information on small caps, penny stocks and microcaps is adding American Paramount Gold (APGA) to its list of stocks "On the Radar".
American Paramount Gold (APGA) is a junior precious metals company exploring actively in Nevada. The company’s key asset is the large Capgold project located in the Walker Lane Structural Belt.
This region has generated a number of successful mines including Paradise Peak and the historic Comstock Lode District. American Paramount Gold is managed by a geological team with substantial experience and expertise in the region. The company is an early stage mineral Exploration Company engaged in evaluating, developing and acquiring gold projects, with a focus on mining friendly jurisdictions of the United States.
The Company's mandate is to explore and develop gold dominant projects in regions where historic discoveries, established infrastructure and mining-friendly jurisdictions greatly increase the odds for success. For these reasons, and other related long term micro and macro economic reasons, the Company has focused its project search activities towards acquiring a 100% interest in advanced gold and silver projects in Nevada.
Capgold project is American Paramount’s first project acquisition. Capgold is a high-grade gold and silver project with historic mineralized drill hole intersections of potentially economic grade. Gold grades in intersections ranged up to 31 grams per tonne and silver grades to 265 grams per tonne.
The project is located in the Toiyabe-Kawich section of the world famous Walker Lane geological Structural Belt. Capgold fits comfortably within American Paramount’s precious metals project acquisition parameters described above.
Total Nevada gold production through 2008 was 181.5 million ounces. Of those ounces, more than 40 million (and 540 million ounces of silver) were produced from volcanic hosted epithermal systems similar in many ways to the epithermal system hosting the Company’s Capgold project.
American Paramount plans to begin a drill heavy $2.5 million project program mid-year 2010 for completion in 2011.
APGA Investor Highlights
Announced that it has closed the transaction (the "Agreement") in respect of 189 unpatented mining claims situated in the Walker Lane Structural Belt in Nye County, Nevada (the "Cap Gold Project"). This region has generated a number of successful mines including the Paradise Peak gold mining district.Announced the appointment of Mr. Kristian Ross as Project Development Consultant. Mr. Ross brings his 30 years experience in the mining industry which has included all aspects of the businessOver the past 10 years Mr. Ross has been focusing on locating and developing underappreciated copper and gold projects in the American southwest.
Announced the appointment of Mr. John Goodwin to the Board of Directors. Mr. Goodwin has 20 years of international exploration and mining industry experience, is a member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta (APEGGA), and is a "qualified person" under National Instrument 43-101. Mr. Goodwin is presently the Project Geologist for Solid Resources Ltd. and more recently prepared a qualifying report on the Alberta 1 rare element pegmatite property in Spain.
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