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Paradigm Metals announces more positive drill results at Kangiara discovery

Australian-listed mineral exploration and development company Paradigm Metals (ASX: PDM) has reported new drill hole intersections from a further 7 RC percussion holes at the Kangiara project near Boorowa in New South Wales.

Further positive results from the December drilling programme at Kangiara include KAN019: 42m @ 3.4% Pb+Zn, 0.2g/t Au, 28g/t Ag from 40m, including 8m @ 6.1% Pb+Zn, 0.5g/t Au, 60g/t Ag from 74m; KAN018: 22.5m @ 4.1% Pb+Zn, 0.3g/t Au, 68g/t Ag, 0.14% Cu from 58m, including 6m @ 6.4% Pb+Zn, 0.4g/t Au, 132g/t Ag from 66 m; and 0.5m @ 4.7% Cu, 10.3% Pb+Zn, 201g/t Ag, 0.8g/t Au from 80‐80.5m at base of hole.

Polymetallic sulphide mineralisation is open along strike and at depth.

The company also reported positive initial metallurgical test results of sulphide and oxide ore types.

The company will recommence percussion drilling shortly at Kangiara, following the drilling of new holes at the Rosedale gold‐silver project during January.

Further simple metallurgical tests of Kangiara ore types will also be undertaken.

Disclosure: The author holds no positions in the company