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Paramount Gold Nevada Corp.
Summary
| Project: | Grassy Mountain | |
|---|---|---|
| Deposit: | Grassy Mountain | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 9/7/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 7-9-2017: Paramount Gold Nevada Corp. announces an Exploration/Drilling Update report for its Grassy Mountain deposit at the Grassy Mountain project. Drilling results incl. 145.4m @ 4.01g/t Au, 8.4g/t Ag from 82.3m. WINNEMUCCA, Nev., Sept. 07, 2017 (GLOBE | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael McGinnis (Internal) | |
| ABSTRACT: | WINNEMUCCA, Nev., Sept. 07, 2017 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American:PZG) (“Paramount”) announced today that all of the the final eight holes drilled at its Grassy Mountain Project intersected excellent gold grades, confirming the high grade nature of the mineable material for the project. The 30-hole drill program now completed was a key component of a Preliminary Feasibility Study (“PFS”) which Paramount is undertaking for construction and operation of an underground mine to exploit the high-grade gold core at its Grassy Mountain Project located on private ground in Eastern Oregon. The PFS drill program was designed with the primary objective of better defining the high-grade core for underground mining. Secondly, material was recovered in the drill program for additional metallurgical testing and geotechnical data required to optimize precious metal recovery processes and to determine the most efficient mining method. Previous extensive metallurgical testing has demonstrated that a simple gravity circuit followed by leaching yields a 95% recovery of contained gold. | |
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