Paramount Gold Advances Grassy Mountain Gold Mine Permits
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Paramount Gold Advances Grassy Mountain Project Permits
Paramount Gold Nevada Corp. (NYSE American: PZG) is pleased to announce significant progress regarding the Environmental Evaluation and Socioeconomic Analysis for the Grassy Mountain project. These critical documents are now available for public review ahead of an important Project Coordinating Committee meeting.
Upcoming Project Coordinating Committee Meeting
The Project Coordinating Committee (PCC) meeting is anticipated soon, serving as a key juncture in the permitting process. Following this meeting, final approval is expected at a Technical Review Team meeting, which is planned for the following month. This sequence of meetings is vital for Paramount Gold in receiving the final necessary approvals to advance the Grassy Mountain project.
Commitment to Environmental Stewardship
As part of the permitting process, the Environmental Evaluation (EE) ensures that the company utilizes the best available and necessary technologies to minimize potential environmental impacts. Paramount’s President and COO, Glen Van Treek, stated, “This is a critical milestone in the State permitting process that allows the lead agencies to start writing draft permits. We expect to receive these permits by mid-2025.”
Benefits to Local Communities
Paramount CEO Rachel Goldman emphasized the company's commitment to fostering benefits for local communities, stating, “Paramount’s objective has been to develop Grassy Mountain as a net benefit to local areas and stakeholders.” The analysis demonstrates that the project will contribute positively to local government budgets, state and federal tax revenues, and will have minor anticipated impacts on local public services, including safety and education.
Economic Impact and Project Scope
The Grassy Mountain Gold Project spans approximately 8,200 acres on private and BLM land, housing a significant gold-silver deposit confirmed by recent feasibility studies. Notably, the positive outlook for this project aligns with Paramount's broader goal of generating value through its mineral properties.
Overview of Paramount's Projects
In addition to Grassy Mountain, Paramount aims to create shareholder value through its other projects, namely Sleeper and Bald Peak. The Sleeper Gold Project is located in Northern Nevada, encompassing a historical mining area. Meanwhile, the Bald Peak Project is drill-ready and consists of approximately 2,260 acres.
Future Projections and Expectations
Looking forward, Paramount anticipates receiving both Federal and State permits by late 2025, allowing construction to commence shortly thereafter. The company remains dedicated to responsible development and the continuous assessment and monitoring of environmental impacts as their projects move forward.
Contact Information for Paramount Gold
For more information, you can reach the company's corporate communications team, led by Christos Theodossiou at 844.488.2233. For updates, follow Paramount Gold on social media, including Twitter.
Frequently Asked Questions
What is the Grassy Mountain Gold Project?
The Grassy Mountain Gold Project is a significant gold-silver deposit being developed by Paramount Gold Nevada Corp. in Oregon.
What stage is Paramount Gold at in the permitting process?
Paramount is currently in the Environmental Evaluation phase and is preparing for upcoming meetings with the Project Coordinating Committee.
When does Paramount expect to receive permits for the project?
The company expects to receive both Federal and State permits by late 2025, allowing construction to begin shortly afterward.
How does Paramount contribute to local communities?
Paramount aims to provide positive economic benefits, including contributions to local budgets and minimal impacts on public services in the area.
Who should I contact for more information about Paramount Gold?
For inquiries, contact Christos Theodossiou at 844.488.2233 for corporate communications.
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