Paradigm Metals reported results for the quarter ended December 31, 2009 for its Australian operations. Drill results from holes at Rosedale, New South Wales have been encouraging so far, including an intercept of 13m @ 0.8g/t Au and 20g/t Ag from 100m depth stopped in mineralization at base of hole, and 24m @ 0.3g/t Au and 5g/t Ag from 10m. Further exploration is continuing at Rosedale, including soil sampling to better define the 1.5km gold-in-soil
anomaly, and to better understand the structural setting. At Frogmore in New South Wales no new exploration was carried out during the period but a review completed during 2009 highlighted a potential target deposit at the “Pride of Frogmore” of 1.5 to 2 million tonnes to a depth of 200m from surface at grades of around 1.2% Cu.
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