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Paramount Gold Nevada Corp. explores and develops precious metal projects in the United States, with company updates centered on the Grassy Mountain Gold Project in Malheur County, Oregon, and the Sleeper Gold Project in northern Nevada. News commonly covers gold and silver project permitting, environmental review, technical studies, development evaluations, and local or federal regulatory milestones.
Paramount Gold Nevada updates also include annual meeting results, stockholder voting matters, project-level feasibility and assessment work, and corporate disclosures tied to its NYSE American-listed common stock. The company has described potential paths for its mineral properties that include asset sales, joint ventures with producers, or construction and operation for its own account.
Paramount Gold Nevada Corp. (NYSE American: PZG) announced the approval of two Baseline Data Reports (BDRs) crucial to the permitting process of its Grassy Mountain underground gold mine. This approval marks a significant step as state agencies will now review the Consolidated Permit Application (CPA). Completion of this review is essential for initiating the Environmental Assessment, which will include all pre-approved BDRs. The recent public meetings revealed strong community support, with no objections raised, further facilitating the permitting process.
Paramount Gold Nevada Corp. announced a significant advancement in the permitting process for its Grassy Mountain gold mine as the Oregon State Technical Review Team's water resource committee accepted the ground water Baseline Data Report. This report was deemed accurate and complete, leading to a recommendation for approval by the full TRT. CEO Rachel Goldman emphasized its importance for a positive review of the Consolidated Permit Application. To date, 22 Baseline Data Reports have been accepted, with hopes for the remaining Geochemistry report to follow soon.
Paramount Gold Nevada Corp. (PZG) announced positive assay results from its Sleeper Gold Project, with drill samples showing gold grades up to 1.17 g/t and as high as 4.0 g/t in the West Wood zone. This exploration aims to expand the historical resource, as the company seeks to restart production driven by rising gold prices. The project could see improved resource grade and economics, with a new Preliminary Economic Assessment expected in Q3 2022.
Paramount Gold Nevada Corp. (NYSE American: PZG) announced promising results from its first drill program at the Frost project. Drilling yielded significant gold grades, with a standout assay of 14.4 g/t Au. The drill program covered 9,010 feet across 13 holes, confirming the presence of a robust gold system. Initial results suggest the potential for substantial economic material, supporting future drilling phases. The company aims to expand its understanding of gold distribution to enhance the Grassy Mountain project’s mine life.
Paramount Gold Nevada Corp. (PZG) announced positive results from metallurgical tests for its Sleeper Gold Project. The tests aimed to recover gold from sulphide mineralization not included in the current mine plan. Initial results showed high gold recoveries of up to 83.4%. The company plans to further refine the testing and update its Preliminary Economic Assessment to reflect current gold prices. This initiative is part of a broader strategy that includes multiple ongoing projects to enhance shareholder value.
Paramount Gold Nevada Corp. (NYSE American: PZG) reported progress in 2021, focusing on permitting the Grassy Mountain gold project in Oregon. The company submitted key permit applications, supported by extensive testing and data. Growth initiatives include a drilling program at the Frost project and efforts to restart the historic Sleeper mine in Nevada. Paramount also acquired the Bald Peak property, planning further evaluations and initial drilling in 2022. Collaboration with regulators is emphasized for successful project advancement, aiming for valuable returns for shareholders.
Paramount Gold Nevada Corp. (NYSE American: PZG) has submitted a modified Consolidated Permit Application to the State of Oregon for its proposed Grassy Mountain gold mine. CEO Rachel Goldman expressed optimism about achieving administrative completeness, marking a potential milestone for modern mining in Oregon. The submission addresses prior completeness review recommendations and includes enhancements based on mine design optimizations. The project is expected to yield significant production, with an initial eight-year mine life producing 362,000 ounces of gold and cash costs of $583 per ounce.
Paramount Gold Nevada Corp. has initiated the final phase of permitting for its Grassy Mountain gold mine project in Eastern Oregon by submitting a modified Plan of Operation to the Bureau of Land Management (BLM). This submission addresses feedback from the BLM and state agencies based on a recent Feasibility Study. Once deemed complete, the BLM will register a Notice of Intent, triggering an Environmental Impact Statement (EIS) process expected to take approximately 12 months. The company expects to submit a modified Consolidated Permit Application before year-end.
Paramount Gold Nevada Corp. (PZG) held its annual general meeting on December 9, 2021, with 50.06% of shares voting. Seven directors were elected, including Rudi Fronk and Glen Van Treek. The meeting also ratified MNP LLP as independent accountants with 98.73% approval. An amendment to the 2016 stock incentive plan was approved by 81.00% of shareholders. Paramount holds a 100% interest in four gold projects, including Grassy Mountain, which has shown positive feasibility results, and Sleeper, with over 4 million ounces of mineralized material.
Paramount Gold Nevada Corp. (PZG) announced the commencement of a reverse circulation drill program at the Sleeper Gold Project, aiming to uncover high-grade gold deposits. This initiative follows a thorough analysis of historical data, allowing the team to identify multiple drill targets. The project, previously operated by AMAX Gold, produced significant gold and silver. Currently, it hosts a large low-grade resource. The initial drilling program spans approximately 8,000 feet, focused on promising geological structures believed to facilitate mineralization.