For thousands of other reports visit RSC's Mineral Intellingence Map
Paramount Gold Nevada Corp.
Summary
| Project: | Grassy Mountain | |
|---|---|---|
| Deposit: | Grassy Mountain | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 4/3/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 3-4-2017: Paramount Gold Nevada Corp. announces an Exploration/Drilling Update report for its Grassy Mountain deposit at the Grassy Mountain project. Drilling results incl. 178m @ 1.62g/t Au, 5.8g/t Ag from 10.7m. Paramount Gold Nevada Corp. (NYSE MKT: PZ | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael McGinnis (Calico Resources USA Corp.) | |
| ABSTRACT: | Paramount Gold Nevada Corp. (NYSE MKT: PZG) ("Paramount”) announced today that drilling at its 100%-owned Grassy Mountain Gold Project in Oregon continues to confirm the project’s resource model. The current 29-hole drill program is part of an ongoing Pre-Feasibility Study (“PFS”) scheduled for completion at the end of this year. Paramount’s plan is to construct an underground gold mine to exploit the high-grade core at Grassy Mountain. The PFS is required in order to convert resources to proven and probable reserves and to complete the mine permitting process. Following a short delay in the drill program due to winter weather conditions, Paramount resumed the drill program in late February and all three rigs are currently drilling. For resource confirmation and metallurgical drilling, the reverse circulation rig is being used to drill the upper portion of the holes while the two core rigs are being used to complete the lower portions of the holes in the targeted high-grade core. For geotechnical data, core rigs are being used for the entire hole employing a triple tube technique to preserve the in situ characteristics of the rock. Paramount believes that triple tube drilling and logging at the drill site should provide a more accurate assessment of rock competence encountered in actual underground mining compared to the previous methodology of manipulating and transporting drill core prior to logging, which can generate additional fracturing. Paramount CEO Glen van Treek commented: “We are pleased to see that drill results continue to confirm our expectations of the deposit. We are narrowing the gaps in past drilling and improving the confidence in the resource as required for moving to reserves.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report