Paramount Gold Nevada is U.S domiciled and U.S listed company in the business of acquiring, exploring, and developing precious metals projects in the U.S. The company’s philosophy is to provide our shareholders with industry-leading exposure to high quality U.S. gold assets while reducing many of the risks inherent to junior mining companies. We keep our overhead costs low and maintain a measured value-creation focus to our development spending.
Currently, Paramount owns two advanced stage assets with gold resources in excess of 3 million ounces.
The Grassy Mountain project in eastern Oregon has an updated (October 2022) Feasibility Study outlining a profitable small-footprint, high-grade underground mine which is progressing through state and federal permitting.
In Nevada, Paramount owns 40k acres surrounding the past producing Sleeper Mine. The Company is engaged in a multi-faceted development program to optimize the project. Current work to update the historic resource at Sleeper will be followed up with an Initial Economic Assessment.
Additionally, Paramount acquired a low-cost option on a highly prospective project called Bald Peak located in the prolific Aurora district in Mineral County Nevada. Bald Peak has never previously been drilled despite having surface samples in excess of 10g/t gold. Paramount has received its drill permit and expects to conduct an initial drill program in the 1st half of 2023 to follow up on the positive CSAMT and surface sampling results.