Paramount Gold and Silver Reports Silver Grades Up to 1,896 g/Tonne From New Drilling at San Miguel Project in Mexico

WINNEMUCCA, NEVADA--(Marketwire - Feb. 23, 2012) - Paramount Gold and Silver Corp. (NYSE Amex:PZG)(TSX:PZG)(FRANKFURT:P6G)(WKN:A0HGKQ) ("Paramount") today reported some of the highest silver grades yet discovered at its 100% owned San Miguel Project in Mexico. Nine new in-fill holes drilled into...