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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. (PZG) announced promising assay results from the Bald Peak Project in Nevada, revealing an average of 2.62 g/T gold and 4.2 g/T silver from 44 surface samples. Notably, some samples reached as high as 10.85 g/T gold. The findings align with a significant resistivity anomaly detected at approximately 300 feet depth, suggesting potential for an open-pit gold deposit. This data will inform the initial drilling program planned for next year, indicating a positive outlook for the project.
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Paramount Gold Nevada Corp. (NYSE American: PZG) has initiated a drilling program at its Frost project, located 12 miles from the Grassy Mountain gold project in Oregon. Permits were obtained in April 2021, allowing for a 15-hole reverse circulation program totaling 9,000 feet to explore the potential of the Frost site. The proximity to the Grassy Mountain project could enhance project economics by allowing mineralized material to be processed at Grassy. Historical drilling indicated significant gold and silver grades, presenting a promising opportunity for resource expansion.
Paramount Gold Nevada Corp. (NYSE American: PZG) has announced the acquisition of a 100% interest in the Bald Peak Project, located in Nevada. The purchase, valued at $300,000, outlines a timeline for payments including $20,000 at closing and subsequent payments tied to drilling permits. The Bald Peak Project, part of a prolific mining district, shows high-grade surface rock samples exceeding 8 g/T gold. Paramount plans to conduct geological surveys to identify drilling targets, bolstering its precious metals portfolio.
Paramount Gold Nevada Corp. (NYSE American: PZG) announced that the Malheur County Planning Commission has approved a two-year extension for the Conditional Use Permit (CUP) for the Grassy Mountain underground mine in Oregon, now valid through May 2023. This permit is crucial for starting construction on the mine, alongside federal and state permits. The approval follows significant community support highlighting job creation and investment in the area. CEO Rachel Goldman expressed optimism regarding the ongoing support and the project's advancement towards production.
Paramount Gold Nevada Corp (NYSE American: PZG) announced promising assay results from two new core holes at its Grassy Mountain gold mine in Oregon. Drilling outside the current mineral reserve area revealed gold grades, with GM19-37 returning up to 2.56 g/T gold and an average of 0.4 g/T over a significant width. Meanwhile, GM19-38 intercepted 0.98 g/T gold. These results suggest previously considered waste material may now be processed, enhancing project economics as the company approaches a construction decision.
Paramount Gold Nevada Corp. (PZG) has acquired 152 lode claims, totaling approximately 3,100 acres, from South Sleeper Resources LLC for $350,000. This acquisition enhances Paramount's land position in the Sleeper district to over 40,000 acres, strategically located near the former high-grade producing Sleeper Gold Mine. The claims, previously owned by various Nevada companies, showed gold values up to 9.48 g/T in prior drilling but were not fully evaluated. Exploration and drilling programs are set to launch this summer, aiming to assess the newly acquired claims and potentially unlock additional value.
Paramount Gold Nevada Corp. (NYSE American: PZG) announced receiving all necessary permits for exploratory drilling at the Frost Project in Eastern Oregon. The 15-hole drill program is expected to commence in June 2021. Frost comprises 84 claims covering approximately 1,730 acres near the Grassy Mountain gold mine. The historic drilling data suggests high-grade gold and silver, indicating potential for economic mineralized material. This drilling campaign aims to extend the mine life and improve project economics as detailed in the Grassy Feasibility Study.
Paramount Gold Nevada Corp. (PZG) announced the acceptance of the Wildlife Resources Baseline Data Report for the Grassy Mountain gold mine in Oregon, a milestone in its permitting process. CEO Rachel Goldman highlighted that this step follows previous approvals, enabling progress toward required regulatory approvals. With 20 baseline reports accepted, further submissions are planned, including groundwater and geochemistry reports. The company anticipates submitting a revised Consolidated Permit Application by summer 2021, building on a positive Feasibility Study completed in September 2020.
Paramount Gold Nevada Corp. (PZG) held its annual stockholder meeting on December 10, 2020, with 62.22% of shares voting. Seven directors were elected, including Rudi Fronk and Glen Van Treek. The meeting also ratified MNP LLP as independent accountants for FY 2021, with 98.83% approval. Additionally, stockholders voted to increase authorized shares from 50 million to 200 million, achieving 85.54% approval. Overall, the meeting reflects strong shareholder engagement and support for the company's future endeavors.