Plan of Operations for the Grassy Mountain Gold Mine in Malheur County Oregon is Deemed Complete by the Federal BLM
29 Novembre 2022 - 1:00PM
Paramount Gold Nevada Corp. (NYSE American: PZG) (“Paramount” or
the “Company”) is pleased to announce that the Federal Bureau of
Land Management (“BLM”) has accepted the Plan of Operations (the
“Plan”) for the proposed high-grade underground Grassy Mountain
gold mine in eastern Oregon as complete.
With completeness, the BLM will issue a Notice
of Intent thereby initiating the Environmental Impact Statement
(“EIS”) process under the National Environmental Policy Act
(“NEPA”). The EIS is a comprehensive analysis of the impact of the
proposed mine on the environment. The EIS culminates in the Record
of Decision that sets out the BLM’s decision regarding the proposed
mining operations.
Glen Van Treek, the Company’s President and COO,
stated, “Our ongoing collaboration with the BLM over several years
has allowed us to achieve this permitting milestone which is a
first for a gold mine and recovery facility in Oregon, and advances
Grassy one important step closer to a construction decision.”
The BLM has selected HDR Inc, out of Boise,
Idaho, to complete the EIS. HDR’s knowledge of the proposed Grassy
operation has been informed by numerous field visits in conjunction
with their review of the Plan.
The Grassy Mountain Gold project has been
progressing through three levels of permitting to reach a
construction decision. With the Plan achieving Federal completeness
allowing for the commencement of the EIS, and all county level
permits having been received, the focus for the company continues
to be the state level permitting which is well advanced and
proceeding in a public forum.
To stay informed of future press releases,
subscribe to our E-Alerts Program and to learn more about our
projects visit the projects section of our website.
About Paramount Gold Nevada
Corp.Paramount Gold Nevada Corp. 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 joint ventures with producers for construction and
operation; or constructing and operating mines for its own
account.
Paramount holds a 100% interest in four gold
projects: Grassy Mountain; Frost; Sleeper and Bald Peak.
The Grassy Mountain Gold Project consists of
approximately 8,200 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 Feasibility Study have been released and key
permitting milestones accomplished.
Frost is comprised of 84 unpatented lode claims
covering approximately 1,730 acres located 12 miles southwest of
the Company’s proposed high-grade, underground Grassy Mountain gold
mine in Malheur County, Oregon (“Grassy”). An initial drill program
is ongoing.
The Sleeper Gold Project is located in Northern
Nevada, the world’s premier mining jurisdiction. The Sleeper Gold
Project, which includes the former producing Sleeper mine, totals
2,474 unpatented mining claims (approximately 44,917 acres).
The newly acquired Bald Peak Project consists of
approximately 2,260 acres located in the Aurora mining district of
Mineral County, Nevada.
Safe Harbor for Forward-Looking Statements
This release and related documents may include
"forward-looking statements" and “forward-looking information”
(collectively, “forward-looking statements”) pursuant to applicable
United States and Canadian securities laws. Paramount’s future
expectations, beliefs, goals, plans or prospects constitute
forward-looking statements within the meaning of the United States
Private Securities Litigation Reform Act of 1995 and other
applicable securities laws. Words such as "believes," "plans,"
"anticipates," "expects," "estimates" and similar expressions are
intended to identify forward-looking statements, although these
words may not be present in all forward-looking statements.
Forward-looking statements included in this news release include,
without limitation, statements with respect to the use of proceeds
from the Offerings. Forward-looking statements are based on the
reasonable assumptions, estimates, analyses and opinions of
management made in light of its experience and its perception of
trends, current conditions and expected developments, as well as
other factors that management believes to be relevant and
reasonable in the circumstances at the date that such statements
are made, but which may prove to be incorrect. Management believes
that the assumptions and expectations reflected in such
forward-looking statements are reasonable. Assumptions have been
made regarding, among other things: the conclusions made in the
feasibility study for the Grassy Mountain Gold Project (the “FS”);
the quantity and grade of resources included in resource estimates;
the accuracy and achievability of projections included in the FS;
Paramount’s ability to carry on exploration and development
activities, including construction; the timely receipt of required
approvals and permits; the price of silver, gold and other metals;
prices for key mining supplies, including labor costs and
consumables, remaining consistent with current expectations; work
meeting expectations and being consistent with estimates and plant,
equipment and processes operating as anticipated. There are a
number of important factors that could cause actual results or
events to differ materially from those indicated by such
forward-looking statements, including, but not limited to:
uncertainties involving interpretation of drilling results;
environmental matters; the ability to obtain required permitting;
equipment breakdown or disruptions; additional financing
requirements; the completion of a definitive feasibility study for
the Grassy Mountain Gold Project; discrepancies between actual and
estimated mineral reserves and mineral resources, between actual
and estimated development and operating costs and between estimated
and actual production; the global epidemics, pandemics, or other
public health crises, including the novel coronavirus (COVID-19)
global health pandemic, and the spread of other viruses or
pathogens and the other factors described in Paramount’s
disclosures as filed with the SEC and the Ontario, British Columbia
and Alberta Securities Commissions.
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. Rachel
Goldman, Chief Executive OfficerChristos
Theodossiou, Director of Corporate
Communications844-488-2233Twitter:
@ParamountNV
Grafico Azioni Paramount Gold and Silver (AMEX:PZG)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Paramount Gold and Silver (AMEX:PZG)
Storico
Da Giu 2023 a Giu 2024