Drilling at Paramount Gold and Silver's San Miguel Project Continues to Confirm and Extend High Grade Zones

WINNEMUCCA, NEVADA--(Marketwire - Oct. 12, 2011) - Paramount Gold and Silver Corp. (NYSE Amex:PZG)(TSX:PZG)(FRANKFURT:P6G)(WKN:A0HGKQ) ("Paramount") announced today new assay results from ongoing drilling at its 100%-owned San Miguel Project in northern Mexico continue to expand and upgrade the project's resources....