Paramount Gold Nevada Advances Grassy Mountain Mine With Technical Review Approval, Oregon
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Paramount Gold Nevada said the Wildlife Resources Baseline Data Report (BDR) for the proposed high-grade Grassy Mountain gold mine in Malheur County, Oregon (“Grassy”) has been accepted by the Oregon State Technical Review Team (TRT).
“The acceptance of the Wildlife BDR is an incremental positive for our permitting progress at Grassy. Following the approval of the tailings dam design and the receipt of the water use permit in 2020, the team continues to address the remaining items that will facilitate our goal of receiving all regulatory approvals necessary to advance Grassy into operation,” said Paramount CEO Rachel Goldman.
The Wildlife BDR incorporates ground and airborne surveys cataloguing wildlife over an expansive area that consists of the project area, the access road and a buffer zone around them.
To date, 20 baseline data reports have been accepted by state regulators, and of those remaining the Ground Water and the Geochemistry BDRs are expected to be filed in advance of submitting the revised Consolidated Permit Application (CPA).
The successful completion of a positive NI 43-101 feasibility study in September 2020 has provided several key inputs that will be included in the revised CPA and the amended plan of operations which the company anticipates submitting in the summer of 2021.
About Paramount Gold Nevada Corp.
Paramount Gold Nevada is a U.S. based precious metals exploration and development company. Paramount’s strategy is to create shareholder value through exploring and developing its mineral properties and to realize this value for its shareholders in three ways: by selling its assets to established producers; entering into joint ventures with producers for construction and operation; or constructing and operating mines for its own account.
Paramount owns 100 percent of the Grassy Mountain Gold Project which consists of approximately 9,300 acres located on private and BLM land in Malheur County, Oregon. The Grassy Mountain project contains a gold-silver deposit (100 percent located on private land) for which a PFS has been prepared and key permitting milestones accomplished. Additionally, Paramount owns a 100 percent interest in the Sleeper Gold Project located in Northern Nevada. The Sleeper Gold Project, which includes the former producing Sleeper mine, totals 2,322 unpatented mining claims (approximately 60 square miles or 15,500 hectares).
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