Paramount Gold Nevada Corp. announced that it has completed a promising ground geophysical survey of its recently acquired Bald Peak Project located in Mineral County, Nevada. The Controlled Source Audio-frequency Magnetotellurics Survey (CSAMT) totalling 21.4 km over 15 lines defined three-dimensional continuity of silicified zones which appear to be the source of surface gold on the property. These zones are identified as areas of resistivity by CSAMT. The company’s technical team has reviewed and verified surface samples from these zones completed by previous operators which returned gold values of up to 8 g/T associated with strong silicification and occasional brecciation, a favourable feature also identified by the CSAMT survey. The CSAMT survey measured the conductivity of the ground to a depth of approximately 400 meters. Numerous highly resistive bodies were found with values over 1,000 ohm-meters, a very high reading typically associated with high silica bearing bodies. The CSAMT survey was completed by Zonge International Geophysical Services and monitored by Jim Wright of Wright Geophysics. An approximate 2-kilometer zone was identified striking NNE with similar veining to Hecla Mining’s Aurora mine immediately east of Bald Peak.