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Paramount Gold Nevada Files Grassy Mountain Mine Plan of Operation with U.S. Bureau of Land Management
WINNEMUCCA, Nev., Sept. 05, 2017 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American:PZG) (“Paramount”) announced today that it has met a significant
About this update from Paramount Gold Nevada Corp.
[{"type":"text","content":"WINNEMUCCA, Nev., Sept. 05, 2017 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American:PZG) (“Paramount”) announced today that it has met a significant milestone by filing its mine Plan of Operation (“POO”) with the Federal Bureau of Land Management’s (“BLM”) district office in Vale, Oregon. The filing was submitted in August as scheduled. The BLM is now in a position to begin its National Environmental Policy Act (“NEPA”) review process which will commence with the preparation of an Environmental Impact Statement (“EIS”) by its selected consulting firm, HDR Inc. Paramount is in the process of completing a Preliminary Feasibility Study (“PFS”) for the proposed construction and operation of an underground mine to exploit the high-grade gold core at its Grassy Mountain Gold Project located on private ground in eastern Oregon. The permitting process requires that Paramount obtain mine permits from both the federal government (BLM) and the State of Oregon’s Department of Geology and Mineral Industries (“DOGAMI”). Following the successful filing of the POO with the BLM, Paramount’s next step in the permitting process is to file a Consolidated Permit Application which is planned for the first quarter of 2018. According to Oregon state regulations, a decision should be expected approximately 300 days thereafter. The permitting process for Grassy Mountain was codified in a precedent-setting Memorandum of Understanding (”MOU”) signed by Paramount, the BLM, DOGAMI, and HDR, Inc. as released on March 8, 2017 which established a set of harmonized requirements for approval of the project. The MOU: Designates the DOGAMI as a Cooperating Agency in the EIS process; Establishes a framework for the cooperation and coordination between the DOGAMI, Paramount, the BLM, and HDR regarding their respective responsibilities, jurisdictional authorities, conditions, and procedures to be followed during the preparation of the EIS, thereby ensuring successful completion of the EIS in a timely, efficient, and thorough manner; Recognizes that the BLM is the lead agency with the responsibility to complete the EIS and the Record of Decision; Identifies and where possible coordinates similar or overlapping state and federal requirements including baseline investigation, analysis of environmental impacts related to the project, and financial responsibili...