Paramount Gold Reports Continued Progress With Oregon State Regulators in the Permitting of Grassy Mountain
May 06, 2019 at 07:00 AM EDT
WINNEMUCCA, Nev., May 06, 2019 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) ("Paramount” or “the Company”) announced today that the Company has received acceptance of the Noise Baseline Data Report (“BDR”) as complete from the Oregon Department of Geology and Mineral Industries (“DOGAMI”). The purpose of the Noise BDR is to document the existing noise levels at several locations near the proposed Grassy Mountain Mine, along the access road and at a nearby campground prior to the commencement of mining operations.
Paramount President and CEO, Glen Van Treek commented, “We continue to have a positive working relationship with the DOGAMI. We are in the process of completing revisions to the Geochemistry, Groundwater, Cultural and Wildlife final BDRs. Our goal remains to file both the Consolidated Permit Application to the DOGAMI and the updated Plan of Operation with the Bureau of Land Management in mid-2019.”
Additionally, HDR Inc. who are contracted by the BLM to conduct the Environmental Impact Statement have initiated their review of the project including all completed baseline data reports in coordination with the DOGAMI.
A summary of all baseline data reports for Grassy Mountain are as follows:
About Paramount Gold Nevada Corp.
Paramount owns 100% of the Grassy Mountain Gold Project which consists of approximately 11,000 acres located on private and BLM land in Malheur County, Oregon. The Grassy Mountain Gold Project contains a gold-silver deposit (100% located on private land) for which results of a positive PFS have been released and key permitting milestones accomplished (see press release dated May 24, 2018). Additionally, Paramount owns a 100% 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).
Safe Harbor for Forward-Looking Statements
Except as required by applicable law, Paramount disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this document.
Paramount Gold Nevada Corp.