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Symbol OTC: PGDP
Outstanding 28,000,000
Active Float 6,000,000 |
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| Latest News: |
Lima, Peru – (BUSINESS WIRE) – October 5, 2005 – Paramount Gold Mining Corp. (PGDP:OTC) announced today that Senior Geologist, Alain Vachon P.Eng, has been appointed Manager of Exploration for all possible future projects in South America. Mr. Vachon will also be assuming the title of General Manager of Compania Minera Paramount SAC, Paramount’s recently formed, wholly-owned subsidiary in Peru.
Commenting on his appointment, Mr. Vachon stated;
“I have worked in Peru for over 8 years and have built a very strong network of contacts with many of the major operators. I am confident that I can bring high potential, advanced-stage projects to Paramount in the near future and look forward to playing a major role in both the short and long term success of these projects.”
Chris Crupi, Paramount’s President and CFO also commented; “We are very fortunate that someone with Alain’s experience and knowledge has agreed to head up our efforts in Peru. Alain’s immediate responsibilities will entail the completion of due diligence on potential acquisitions that are currently being evaluated within the immediate Peruvian region. Furthermore, Paramount’s confidence of future successful developments has now been reinforced by 200% since we now possess two very credible, renowned geologists who have both played intricate roles in the success of two of the worlds most successful mining companies” (reference to Alain Vachon as Senior Geologist of Barrick Gold (NYSE: ABX, $29.30, market cap of $15.3 billion) and Bill Reed as Chief Geologist, Mexico of Hecla Mining (NYSE: HL, $4.40, market cap of $485 million).
 Read more on Paramount Gold
Investor Relations - Haynes Capital Corp.
Mr. Michael McGuire, 416-850-2176
pgdp@haynescapital.com.com
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| Recent price: $1.35 |
Current Stock Price click here |
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About Mr. Alain Vachon:
Alain Vachon, P.Eng., Geologist has 30 years of experience. Since 2002, he has worked as an independent Consulting Geologist and Exploration Manager. From 1997 to 2001 he was Exploration Manager for Sulliden Exploration, where his work on the Mario property in 2000 led to the nomination for the prestigious “Prospector of the Year” award in Peru. Prior to these accomplishments, Mr. Vachon worked as a Senior Geologist for both Barrick Gold (NYSE: ABX) and the recently renamed Noranda Falconbridge (NYSE: FAL, $26.31, market cap of $7.9 billion).
During the success of his past 30 years, Mr. Vachon has participated in managing all aspects of a diverse set of exploration programs, including planning, supervision of field work, preparation of technical reports (43-101), property evaluation and negotiation of option terms. He has managed and evaluated exploration and development projects, located in Canada, Peru, Zaire, Cuba and Republic Dominica focusing on gold and base metals in geological settings such as volcanogenic massive
Read more on Barrick Gold
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