The Calandra Report: Up close at Paramount Gold's (T.PZG) Sleeper Project

Photos and one video geology 201 - from our visit to Paramount Gold & Silver's (TSX:T.PZG, Stock Forum) Sleeper pit and former mine in Nevada.





The southern end of the SLEEPER property in Humboldt County borders Newmont's Sandman property. This is the part that Paramount hopes will chowder up vibrant gold and silver assays in coming months, on the exploration side. We'll see.





Paramount acquired Sleeper three years ago this month. The 50-square mile former mine, prolific for Amax, I think, in the late 1980s and 1990s, is not PZG's so-called flagship property. That would be San Miguel in Mexico.





I do not yet own Paramount - and I owe our TCR family a full report on the visit this week. I will say, ahead of my full report, which might take a bit as I head to platinum/zinc/ nickel/copper in Africa, I concur on at least one point we debated at Sleeper with managers, including founder Chris Crupi: Paramount has a nice-sized market cap, greater than $200 million, and almost none of it reflects the Nevada property.





Yes, I swam across the tailings pond above the former pit.

Still here.

Link to Sleeper images:
https://plus.google.com/u/0/photos/101338642857105186354/albums/5918468146701099249



Thank you: Once again, thanks to Stockhouse for spreading the word. Our TCR family get it first. We are looking at what could be drastic market-cap catapults in the fresh calendar month of September.

Link:
https://stockhouse.com/opinion/independent-reports/2013/08/30/the-calandra-report-raise-a-glass-to-the-end-of-su

These include Bellhaven Copper & Gold (TSX:V.BHV, Stock Forum), Ivanhoe Mines (TSX:T.IVN, Stock Forum), Solvista Gold (TSX:V.SVV, Stock Forum) and Pilot Gold (TSX:T.PLG, Stock Forum). Among the TCR 8, I am awaiting updates from Mike Weeks in Cambodia on Angkor Gold (TSX:V.ANK, Stock Forum) and more from Colombia's Atico Mining (TSX:V.ATY, Stock Forum).

Let's face it: Cambodia and Colombia are two countries getting media flak and civilian protests. That scares me: well, not a whit. What does scare me, in Colombia, not Cambodia, is the turgid administering of splendid natural resources these past two years. Colombia needs an ambulance driver, I think.

Cambodia is just fine, voter fraud and all. The people there deserve a fresh government.

Also: Colt Resources (TSX:V.GTP, Stock Forum) might have its fresh iron-ore property - or whatever it is - together and public in the next week. A Quebec property for the Portugal tungsten and gold developer? We shall see.

Gold Standard Ventures (TSX:V.GSV, Stock Forum) is said to be courting its 4.9 percent strategic investor of late, unnamed but large and public: Agnico Eagle, Newmont? Barrick? Geologist David Mathewson is, I believe, going to blow away GSV skeptics with his ongoing work at Railroad, near Elko, Nevada.

This is the state - the jurisdiction - that will save me from myself and my sometimes insane belief in: 1. Colombia; 2. Cambodia; 3. Portugal; 4. Panama; 5. Okay you get it.

A few of our TCR 8, NuLegacy Gold (TSX:V.NUG, Stock Forum), Pilot, Gold Standard Ventures, are active in Nevada. It is called the Silver State but, as we know, there is gold.

Finally, I ran into Corrado De Gasperis of Comstock Mining (TSX:V.CSL, Stock Forum) in Reno the other evening. He knows his baseball, and his blackjack, and proved it in a late-night session that drew some rancher pioneers, one of them a folkloric lady hauling a 37-pound handbag of silver bars and coins, to the Peppermill tables.

Anyway, in addition to running a silver-gold producer there in the silver-gold LODE around Virginia City, the Comstock CEO from Connecticut has a historic hotel that is getting good reviews for its creaky old saloon, its service and its quilted-comfy rooms. So who knew?

The Gold Hill Hotel is Nevada's oldest standing hotel, established 1861. Or 1859. LODE bought it a couple of years ago. Good community outreach. See: https://www.goldhillhotel.net/

So it's not the Amalfi Coast. I know folks who stayed over this past week and came away loving the mining history of the place, not to mention the draft beers and artisan bourbons in the kick-ass saloon. Not even dawn and dusk smoke from California wild fires was ruining their viaggio, they said. Occupancy in the tiny hotel is running a lot higher than Yosemite this summer.

This final week of August, probably only Gerlach's Burning Man had better prices for its visitors - but hey, not better beds.

Ivanhoe Mines: Heading there as you receive this: RSA South Africa and DRC Congo. IVN (starting next week) trades in Canada. Former Ivanplats. Everybody wants to rule the world. I know I do.