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Paramount Gold: Final Baseline Data Report Accepted as Complete for High-Grade Grassy Mountain Gold Project
WINNEMUCCA, Nev., Feb. 16, 2023 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) (“Paramount” or the “Company”) announced today that the Ore
About this update from Paramount Gold Nevada Corp.
[{"type":"text","content":" WINNEMUCCA, Nev., Feb. 16, 2023 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) (“Paramount” or the “Company”) announced today that the Oregon Department of Geology and Mineral Industries (the “DOGAMI”) and State permitting agencies have accepted the Cultural Resources Baseline Data Report (“BDR”) as complete. This is the final BDR in the process of obtaining state approval for our Grassy Mountain Project. Approval of the report followed a recent public meeting of the State’s Technical Review Team and a recommendation of the State Historic Preservation Office. Paramount CEO, Rachel Goldman stated: “With the acceptance of this final BDR, we have now filed, and the State regulatory agencies have accepted as complete, all the reports required for the Consolidated Permit Application (“CPA”) to be deemed complete. This marks a critical milestone for the company and prepares the way for the State to move Grassy Mountain into the permit drafting phase.” The permit drafting process commences on the State’s Notice to Proceed and is required to be completed within 225 days. At the Federal level, the Plan of Operations has been deemed complete and the Bureau of Land Management (“BLM”) will file the Notice of Intent (“NOI”) in the Federal registry thereby initiating the National Environmental Policy Act (“NEPA”) process. The filing of the NOI is followed by a formal public scoping process. Upon completion of the draft Environmental Impact Statement (“EIS”) there is a 90-day public comment period that ends in a Record of Decision enabling the project to proceed. 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-sil...