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. Its projects include Sleeper Gold Project, Grassy Mountain Project, Frost Project, and Bald Peak Project. 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. Its subsidiaries include New Sleeper Gold LLC, Sleeper Mining Company, LLC, and Calico Resources USA Corp.

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Paramount Gold Nevada Corp

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Post by rgrieveon Dec 11, 2010 12:10pm

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Post# 17833629

BIGGEST CANDLE

The move Friday produced one of the largest candles I have ever seen on a breakout. This augers well for a monster move in share price over the coming days and weeks.

The winter drill program on Sleeper is well under way as they began drilling in mid October. As a long term holder of X-CAL I am very pleased in the targets they are drilling at Sleeper. The Facilities area is of special interest to me as I feel it offers great oportunity to intercept Bonanza Grade results. The other target, "Westwood" also is attractive and offers great potential.

Bottom line, the Mexico project is a monster that just keeps delivering good news and that is what is driving PZG now. If we get good drill reports from Sleeper as well, then we will go into overdrive.

GLTA
rg

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