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Paramount Gold Nevada Submits Plan of Operations with Federal Regulators for Proposed Grassy Mountain Gold Mine
WINNEMUCCA, Nev., Oct. 27, 2022 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) (“Paramount” or the “Company”) announced today that it has
About this update from Paramount Gold Nevada Corp.
[{"type":"text","content":" WINNEMUCCA, Nev., Oct. 27, 2022 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) (“Paramount” or the “Company”) announced today that it has submitted an updated Plan of Operations (the “Plan”) to the Federal Bureau of Land Management (“BLM”) for the Company’s proposed Grassy Mountain Gold Mine in eastern Oregon. The Plan integrates all BLM comments related to the previous submission and defines the Company’s proposal to build and operate the high-grade underground gold mine. The submission reflects collaborative exchanges between the Company and the BLM over several meetings throughout this year to clarify and resolve outstanding issues, finalize additional geochemistry studies and include additional supporting documents to the plan as requested. All aspects related to changes to the plan were incorporated into the Company’s recently filed S-K 1300 Technical Report Summary on Feasibility Study (“TRS”). Rachel Goldman, the Company CEO, stated, “Even under the current high-cost inflationary environment, the Plan outlines a profitable operation creating significant value to the surrounding communities, job creation and ultimately increasing stockholder value.” The BLM is expected to take 30 days to review the Plan for completeness, and if deemed complete, will register a Notice of Intent in the Federal Register. The registration notifies the public of the upcoming Environmental Impact Statement (“EIS”) under the National Environmental Policy Act. The BLM has selected HDR Inc, out of Boise, Idaho, to complete the EIS in a process expected to take approximately 12 months to complete. HDR is well informed in the review of the proposed Grassy operation having conducted field visits and taking into account their level of involvement with the BLM in both, the review of the Base Line Data Reports, and the clarifications to the Plan, which have been addressed within this submission. The EIS process ends with the issuance of the Record of Decision (“ROD”) that explains the BLM’s decision regarding the proposed mining operations. “The receipt of the Federal Notice of Intent will be a significant milestone in the permitting process for Grassy Mountain, achieving one of the three major permitting achievements required to advance the high-grade Grassy Mountain project to a construction decision, the other two being the Coun...