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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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Post by rgrieveon Mar 01, 2011 1:01pm
452 Views
Post# 18212828

NEWS OUT!!!

NEWS OUT!!!PZG has responded to CDE's claim.............They say that a hole "Was Collared" on CDE property by a small margin but then moved onto PZG property where AU was found on PZG property. The drilling was performed by an independent professional drilling firm that has verified the location.

It appears that this issue is not a significant one. Paramount has invited Coeur to meet with them to discuss the situation.

The shares of Paramount had just started to fly last Thursday, when they suddenly reversed course and retreated from $4.44 a share at the high of the day and closed lower. I believe this issue was the reason. Now, if we see bullion move higher, I believe the shares will regain momentum.

rg
Bullboard Posts
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