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Tuesday, May 30, 2023
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.

Gold

Paramount Gold Nevada receives Oregon State nod for environmental evaluation outline

The environmental evaluation outline helps assess potential environmental impacts

Paramount Gold Nevada receives Oregon State nod for environmental evaluation outline
Image via Paramount Gold Nevada.

Paramount Gold Nevada (NYSE: PZG) announced on Friday that its environmental evaluation outline for its Grass Mountain Gold Mine has received approval by all Oregon State agencies involved in the permitting process.

The Environmental Evaluation outline is a comprehensive document including in-depth analysis of the operation, assessing potential environmental impacts and ensuring that the proposed plan is the best possible development option.

“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,” said Glen van Treek, Paramount’s president and chief operating officer.

According to van Treek, Paramount has made significant progress towards meeting the requirements for the issuance of permits and expects that the state will issue them within the 225 days set out by the regulation, provided the Consolidated Permit Application is deemed complete.

Read more: NevGold Corp. gets exploration notice approval from Bureau of Land Management

Read more: NevGold should be trading at a premium to peers: Analysis

Outline created by coalition of various state and federal agencies

The outline was prepared by intentional consulting firm, Stantec. Stantec was contracted by the Oregon Department of Mineral Industries (DOGAMI) to coordinate environmental assessment efforts with the Bureau of Land Management to complete the Federal Environment Impact Statement.

All state agencies participating in the permitting attended a recently held public meeting held by the technical review team. All agencies present agreed upon the EE outline.

The agencies involved included DOGAMI, the Department of Environmental Quality, Oregon Department of Fish and Wildlife, Oregon Water Resource Department, and the State Historical Preservation Office. Additionally, the supporting agencies included the Oregon Department of Justice, the BLM, and the US Fish and Wild Life Service.

Paramount Gold Nevada is a United States based precious metals company. Presently, Paramount holds 100 per cent interest in four gold projects. These are Grass Mountain and Frost in Oregon, Sleeper and Bald Peak in Nevada.

Paramount Gold Nevada is trading at $0.3272 on the New York Stock Exchange.

Read more: NevGold submits exploration and expansion plans for gold project in Nevada

Read more: NevGold to hit the ground running at Limousine Butte in 2023: Caesars Report

NevGold’s Resurrection Ridge could host a million ounces

NevGold Corp. (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is another company operating in Nevada. More specifically its Resurrection Ridge target is beginning to bring back solid results.

“Needless to say the Resurrection Ridge target is now shaping up like it could host a million ounces by itself and this could push the greater Limousine Butte project closer to becoming a 2 million ounce deposit once you add in Cadillac Valley and the low-hanging fruit there,” according to a recently released report.

Nevgold Corp. is presently trading at $0.42 on the TSX Venture Exchange.

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Nevgold is a sponsor of Mugglehead news coverage

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