The Grassy Mountain Gold Project (above) contains a gold-silver deposit for which results of a positive feasibility study have been released and key permitting milestones accomplished. (Photo: Paramount Gold)

Paramount Gold Nevada Corp. has cleared another major permitting hurdle with the approval of the two most critical Baseline Data Reports (BDRs) related to key environmental aspects of its proposed Grassy Mountain high-grade underground gold mine, ground water and geochemistry.

“With the approval of these BDRs, the DOGAMI and all other participating agencies will shift focus to completing their review of the company’s most recent Consolidated Permit Application (CPA) to determine completeness, which is a key step in the approval process,” Paramount President and COO Glen Van Treek said. “The company continues to work collaboratively with all state agencies to ensure a complete application.

Once the CPA is complete, the state will initiate the Environmental Assessment, which incorporates all the 22 pre-approved BDRs plus the Cultural Resource Report, and will direct the permitting agencies to write draft permits, Van Treek said.

On June 30, two separate public meetings were held by Oregon State regulators to approve the Geo-Chemistry and Groundwater BDRs as complete. The Oregon State Technical Review Team’s (TRT) geo-chemistry sub-committee confirmed the completeness and accuracy of the geo-chemistry BDR and recommended it for approval by the full TRT. The full TRT, comprised of all agencies involved in the permitting process, approved these two critical BDR’s.

“We continue to be encouraged by the level of support we are receiving from community stakeholders as evidenced by the state receiving no comments in either of the public review periods as part of the approval process for the BDRs,” Paramount CEO Rachel Goldman said.

Paramount holds a 100% interest in four gold projects: Grassy Mountain, Frost, Sleeper and Bald Peak.

The Grassy Mountain Gold Project consists of approximately 8,200 acres located on private and BLM land in Malheur County, Oregon. The Grassy Mountain Gold Project contains a gold-silver deposit (100% located on private land) for which results of a positive feasibility study have been released and key permitting milestones accomplished.

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