Paramount Gold Reports Continued Permitting Progress for Its Proposed Grassy Mountain Gold Mine
January 23, 2019 at 07:00 AM EST
WINNEMUCCA, Nev., Jan. 23, 2019 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) ("Paramount” or “the Company”) announced today that it has received acceptance for the Surface Water Baseline Data Report (“BDR”) from the State Technical Review Team (TRT) for its proposed, underground Grassy Mountain gold project (“Grassy Mountain”) in Malheur County, Oregon.
Paramount CEO, Glen van Treek commented: “This BDR acceptance, combined with the other sixteen previously accepted, and the recent filing of the Conditional Use Permit with Malheur County, further supports the positive momentum we have achieved with the Oregon regulators. We are well underway with the permitting process and are confident we are proceeding on the path towards approval for Grassy Mountain.”
The Surface Water BDR was completed by SPF Water Engineering and characterizes the baseline surface water conditions within the study area defined in the Environmental Baseline Study Work Plan which was approved by the TRT in September of 2017. This BDR report was reviewed and accepted by the TRT, including the following Oregon State agencies: Oregon Department of Geology and Mineral Industries, Oregon Department of Environmental Quality; Oregon Water Resources Department; and Oregon Department of Fish and Wildlife.
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.