Paramount Gold Nevada Receives Approval For Fifth Baseline Data Report

WINNEMUCCA, NV - Paramount Gold Nevada Corp. reported that the Oregon Department of Geology and Mineral Industries (DOGAMI) has approved and accepted a fifth baseline environmental report required for the permitting of Paramount’s proposed Grassy Mountain Gold Project in eastern Oregon. The Outstanding Natural Areas Baseline Report was submitted to DOGAMI on May 30, 2018 and final approval for the report was received on June 29, 2018.

The report evaluated the project area and areas surrounding the project to determine if there were any Outstanding Natural Areas in or surrounding the proposed Grassy Mountain Gold Project. An Outstanding Natural Area is designated as a protected area in the National Landscape Conservation System managed by the Bureau of Land Management. The report and the approval both confirm that there are no Outstanding Natural Areas in the project study area.

 Paramount CEO Glen van Treek said, “We continue to be encouraged by the response time of Oregon State regulators. The timely approval of our baseline studies, coupled with the recent completion of a robust PFS for the Grassy Mountain mine, allow us to stay on target to achieve our next major milestone of submitting our Consolidated Permit Application to the State.”