March 19, 2012 Paragon Minerals Corp. announced an option agreement for JBP, Canada.
December 11, 2008 The 2008 exploration program further extended the Pocket Pond gold bearing quartz vein system over a strike length of 950 metres. Intersections include 12.43 g/t gold over 3.4 metres including 84.77 g/t gold over 0.50 metres and 11.11 g/t gold over 11.90 metres including 255.0 g/t gold over 0.50 metres. The vein system remains open in all directions.
Drilling resumed on the Appleton Linear property in June and targeted the strike extension and down-plunge potential of three gold prospects including the Dome, Road and Keats/Baseline prospects. A total of six drill holes (625 metres) were completed by July 5, 2008. Drilling at Dome and Road prospects indicate that the vein zones at each prospect continue along strike of the previous drilling. The intersected quartz vein zones range from 1.2 to 8.2 metres in thickness and contain locally anomalous gold values. Drilling at the Keats/Baseline prospect (2 drillholes, 262 metres total) extended the gold-bearing quartz vein zone a further 100 metres to the north. Significant assay results from the two drillholes at the Keats/Baseline prospect include: LG08-49: 13.2 g/t gold over 0.9 metres including 28.0 g/t gold over 0.40 metres; and, LG08-49: 5.7 g/t gold over 1.1 metres including 8.7 g/t gold over 0.70 metres. (Aug29/08)
May 7, 2008 Reported that drilling at the Pocket Pond gold prospect (8 holes, 1,323.7 metres) further outlined a significant gold-bearing quartz zone that now extends over a 950 metres strike length. The multiple quartz vein zones, measuring up to 19.5 metres in thickness are enveloped within a broader zone of moderate to intense sericite-carbonate alteration. The Pocket Pond zone is open along strike and to depth and is interpreted to be in the same structural/alteration corridor as H-Pond gold prospect which has a 700-metre strike length. Significant assays from the Pocket Pond zone include: 12.43 g/t gold over 3.4 metres including 84.77 g/t gold over 0.50 metres (HP08-44); and 11.11 g/t gold over 11.90 metres including 255.0 g/t gold over 0.50 metres (HP08-48).