Business
Paramount Gold Takes Another Stride Forward to Permitting Grassy Mountain
WINNEMUCCA, Nev., March 24, 2023 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) (“Paramount” or the “Company”) announced today that the En
About this update from Paramount Gold Nevada Corp.
[{"type":"text","content":" WINNEMUCCA, Nev., March 24, 2023 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) (“Paramount” or the “Company”) announced today that the Environmental Evaluation (“EE”) outline of the proposed Grassy Mountain Gold Mine has been approved by all Oregon State agencies involved in the permitting process as sufficient for the preparation of permits. Paramount’s President and COO Glen van Treek stated, “The Environmental Evaluation is a critical component in the permit writing process. Knowing the scope of the data in this evaluation is sufficient for the regulators to proceed with the preparation of permits in our view confirms their commitment to progressing Grassy Mountain towards final permitting.” The EE outline was prepared by Stantec, an international consulting firm with significant experience in mining and processes. Stantec was contracted by the DOGAMI to conduct the EE and to coordinate environmental assessment efforts with the BLM and their EIS contractor, HDR Inc., to complete the Federal Environmental Impact Statement. All state agencies and supporting agencies participating in the permitting of Grassy Mountain attended a recently held public meeting, hosted by the Technical Review Team (“TRT”), where all agencies present agreed upon the EE outline. The agencies involved included the Oregon Department of Mineral Industries (“DOGAMI”), the Department of Environmental Quality (“DEQ”), Oregon Department of Fish and Wildlife (“ODFW”), Oregon Water Resource Department (“OWRD”), and the State Historical Preservation Office (“SHPO”). The supporting agencies included the Oregon Department of Justice (“DOJ”), the Bureau of Land Management (“BLM”), US Fish and Wild Life Service (“USFWS”). “The Environmental Evaluation outline incorporates an analysis of the proposed operation, evaluates potential environmental impacts and among other requirements, assesses that the proposed plan is the best feasible development option. Given recent and continued progress, the Company believes that the state will be able to issue permits for the first modern day gold mine in Oregon, within the 225 days set out by the regulation, once the Consolidated Permit Application is deemed complete,” van Treek added. About Paramount Gold Nevada Corp. Paramount Gold Nevada Corp. is a U.S. based precious metals exploration and development ...