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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Comment by jsladekon Sep 13, 2011 5:37pm

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Post# 19038524

RE: WOW Nice Muli-Million oz gold news

This is excellent news - the 43-101 has increased greatly and the certainty of the estimates increased. Good job.

"At the same time as we push ahead with the existing resource, we will focus on a series of promising new exploration targets which have emerged from the data".

The other good news is that the "resource calculation does not incorporate potential above ground inventory including mill tailings, waste dumps and leached ore which are the subject of ongoing analysis. ". From the August 13 press release it this could be a good chunk of gold, contained in material that has already been mined.

My only beef, and it's a minor one, is that there we haven't seen any results from the other targets at Sleeper that are outside of the immediate pit area.

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Paramount Resources signs $3.32 billion asset sale