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Paramount Gold Nevada Corp. (NYSE:PZG) ("Paramount" or the "Company") announced today that the permitting process cleared another major hurdle with the approval of the two most critical Baseline Data Reports ("BDRs") related to key environmental aspects of its proposed Grassy Mountain high-grade underground gold mine, Ground Water and Geochemistry.
Paramount President and COO, Glen Van Treek stated: "With the approval of these BDRs, the DOGAMI and all other participating agencies will shift focus to completing their review of the Company's most recent Consolidated Permit Application ("CPA") to determine completeness, which is a key step in the approval process. The Company continues to work collaboratively with all state agencies to ensure a complete application. Once the CPA is deemed complete the state will initiate the Environmental Assessment, which incorporates all the 22 pre-approved BDRs plus the Cultural Resource Report, and will direct the permitting agencies to write draft permits."
On June 30, 2022, two separate public meetings were held by Oregon State regulators to approve the Geo-Chemistry and Groundwater BDR's as complete. The Oregon State Technical Review Team's ("TRT") geo-chemistry sub-committee confirmed the completeness and accuracy of the geo-chemistry BDR and recommended it for approval by the full TRT. The full TRT, comprised of all agencies involved in the permitting process approved these two critical BDR's.
"We continue to be encouraged by the level of support we are receiving from community stakeholders as evidenced by the State receiving no comments in either of the public review periods as part of the approval process for the BDR's," added Paramount CEO, Rachel Goldman.
More information about the permitting of Grassy Mountain is available on the DOGAMI website.
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Posted In: PZG
