Paramount Gold Nevada Corp. has received the permit to appropriate water from the Oregon Water Resources Department for its proposed Grassy Mountain gold mine and processing facilities in eastern Oregon. This is the first Oregon State Agency permit issued as part of the consolidated permitting process initiated by Paramount in 2019.

This permit describes the appropriation and use of 2 cubic feet per second (57 liters per second) of water within the Permit Area described in the Consolidated Permit Application. This permit provides sufficient water for the proposed mining and processing operations throughout the mine life.

Paramount President and CEO Glen Van Treek said, “This permit, along with the previously received Conditional Use Permit, represents substantial, incremental success in the permitting process. The next milestone is the notice that our application is complete.”

The company is currently finalizing the Amended Plan of Operation that it will submit to the U.S. Bureau of Land Management, initiating the federal permitting process.

The feasibility study is well under way and being led by Ausenco Engineering Canada Inc. with expected completion in mid-2020.

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