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 lootfest1234on Oct 15, 2009 3:37pm

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Post# 16391449

All is set...

PZG is cashed up.Is heavily cashed up after making a large placement for a junior.A placement suggesting considerable confidence by major shareholders.
So where do we go.San Miguel needs more drilling .Our new property,which clearly excites management,need thorough exploration and drilling.We have cash to do both jobs over a couple of years.We also have enough to buy other property.Given the new Mexican mining laws,juniors cannot just sit on prospective land. Given the above,plus the state of the burgeoning PM market,the future looks a lot more promising for PZG.

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