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Paramount Gold Nevada Provides Corporate Update on its COVID-19 Response, Feasibility Study Timing and Federal Permitting Process
WINNEMUCCA, Nev., April 01, 2020 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) (“Paramount”) (the “Company”) reports that it has taken me
About this update from Paramount Gold Nevada Corp.
[{"type":"text","content":" WINNEMUCCA, Nev., April 01, 2020 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) (“Paramount”) (the “Company”) reports that it has taken measures over the past several weeks in response to the impact of COVID-19 to ensure the health and safety of its employees and independent contractors. All such personnel are working from home and the Company has eliminated all business travel. The Company will closely monitor the evolution of the COVID-19 pandemic and continue to evaluate its business activities and when necessary, adjust accordingly. Following discussions with its consultants, Paramount is pleased to report that completion of the NI-43-101 Feasibility Study for the proposed high-grade Grassy Mountain underground gold mine in eastern Oregon is not likely to face disruption or delays and its completion remains on track for mid-2020. As previously reported, Ausenco, the lead consultant of the study, has agreed to accept Paramount shares in lieu of cash to complete the study, allowing the Company to reduce cash expenses in the current challenging environment. On March 30, 2020, Paramount received timely initial comments from the Bureau of Land Management (“BLM”) related to the Plan of Operation which the Company filed on February 26, 2020. Paramount has commenced its response to the BLM’s comments and requests for additional information. 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 into joint ventures with producers for construction and operation; or constructing and operating mines for its own account. 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 Pre-Feasibility Study have been released and...