Uploaded by mininganimation on May 14, 2010
Our 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 Paramounts 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 Paramounts 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 Companys Capgold project.
American Paramount plans to begin a drill heavy $2.5 million project program mid-year 2010 for completion in 2011.
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