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Paramount Gold Nevada Corp PZG

Metals & Mining Gold
Paramount Gold Nevada Corp. is engaged in the business of acquiring, exploring and developing precious metals projects in the United States of America. The Company owns both exploration and development stage projects in the states of Nevada and Oregon. The Company’s material Nevada property, the Sleeper Gold Project (Sleeper), is located in Humboldt County, Nevada. Its material Oregon property, known as the Grassy Mountain Project, is located in Malheur County, Oregon, approximately 22 miles south of Vale, Oregon, and roughly 70 miles west of Boise, Idaho. The project site is situated in the rolling hills of the high desert region of the far western Snake River Plain and consists of 455 unpatented lode claims and three patented lode claims all totaling roughly 8,280 acres. The Company’s subsidiaries include New Sleeper Gold LLC, Sleeper Mining Company, LLC and Calico Resources USA Corp. Calico Resources USA Corp., which holds its interest in the Grassy Mountain Project in Oregon.


NYSEAM:PZG - Post by User

Paramount Gold Nevada Corp
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Comment by rgrieveon Feb 28, 2011 9:10pm
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Post# 18209109

RE: RE: RE: Sleeper Awakens

RE: RE: RE: Sleeper AwakensThe comments came in CDE's just released earnings report............The parties have not further commented but IR at PZG stated to me today that they feel there is nothing of substance to the CDE claim.

I am sure PZG will respond tomorrow but we have claim and I'm sure counter claim pending.........How PZG could drill over into CDE's property is beyond me...........but it is clear that someone is in the wrong and it can be quickly established who. What are the ramifications.....who knows? If PZG drilled over the line is there any harm done?
If the Don Ese vein runs into PZG property at length and depth, then we are ok......I don't see how a major intrusion could occur with all of the GPS and satelite tech available and if it's only a small intrusion it should not be a major issue.

Tomorrow should futher illuminate this matter as PZG responds.
rg
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