Para Resources Provides Project Updates and Focuses Strategy

About this update from Soma Gold Corp.

[{"type":"text","content":"Para Resources Provides Project Updates and Focuses StrategyVancouver, British Columbia--(Newsfile Corp. - September 26, 2017) - Para Resources Inc. (the \"Company\" or \"Para\") (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) is pleased to provide the following project updates:Gold Road, ArizonaPara CEO, Geoff Hampson, states, \"The acquisition of the assets of the Gold Road Mine was completed in August allowing Para to transfer permits and to consolidate our claim holding in the Oatman District. This is a rich historic gold mining area that has millions of ounces produced over the last century. For the first time, four of these historic mines have been assembled to feed the modern 500 TPD mill and Carbon in Leach plant at Gold Road. We are very excited about the prospects for establishing continuity, on trend between these deposits where very little drilling has been conducted.\" Hampson further states, \"Our plan is to complete a NI 43-101 Technical Report on the property detailing historic production and demonstrating the extent of the Tr-Ue Vein system. That will be followed by a Trade-Off Study and the development of a mine plan. We are presently interviewing consultants to assist the Company in this analysis. Once the Mine Plan has been established, we will publish a NI 43-101 Technical Report which we are confident will establish a current Mineral Resource estimate and then produce a PEA. This work is expected to be completed by Q1 2018. We do not expect any significant capex will be required and expect to have the mine back in production by the end of Q1 2018.\"Highlights:All operating and mining permits have now been transferred to Gold Road Mining Corp. The mine and mill are now fully permitted and operations can commence at any time.De-watering of the Gold Road Mine has commenced and is expected to take 8 weeksConsultants will be hired in September 2017 to complete the NI 43-101 Technical Report which is expected to establish a current Mineral Resource Estimate and will be followed-up with a PEAProduction expected to commence in Q1 2018El Limon, ColombiaPara President, Ian Harris states, \"We are off to a good start in September at record production levels. We have identified the bottlenecks through an extensive sampling program that was verified by an outside lab and have purchased new equipment that is in the process o...

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