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Paramount Gold Nevada Corp.

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Summary

Project:

Sleeper

Deposit:Sleeper
Location:United States
Commodities:Gold-Silver
Date:9/28/2017
Report Code:NI43-101
Report Type:PEA
Project Stage:Pursuing Pre-Feasibility Study
Report details:28-9-2017: Paramount Gold Nevada Corp. announces a PEA report for its Sleeper deposit at the Sleeper project. PEA with amended mineral resource estimate. Paramount Gold Nevada Corp. (“PZG”) contracted Metal Mining Consultants Inc. (MMC) to perform a Prel
Resources:(Resource): 297.126Mt @ 0.33g/t Au, 3.0g/t Ag (M+I) + 148.844Mt @ 0.31g/t Au, 1.4g/t Ag (Inf.)
CP/QP:[Resources]: Scott E. Wilson (Metal Mining Consultants Inc.)
ABSTRACT:Paramount Gold Nevada Corp. (“PZG”) contracted Metal Mining Consultants Inc. (MMC) to perform a Preliminary Economic Assessment (PEA) of the Sleeper Gold and Silver Project located in the Awakening Mining District, Humboldt County, Nevada, USA. The PEA was based on an updated resource and property evaluation performed by SRK Consulting (Chile) S.A., and reported in the report, “Mineral Resource Estimation Update – Sleeper Gold Project, Nevada, U.S.A.” dated April 17, 2015. The Sleeper Gold Property comprises 1,044 unpatented lode mining claims totaling approximately 30 square miles (6,709 hectares). PZG, is a public company listed and trading on the NYSE MKT. (“NYSE”). PZG acquired all the issued and outstanding shares of Paramount Gold and Silver Corp. in April 2015? by a plan of arrangement. Paramount’s head office and mailing address is 665 Anderson Street, Winnemucca, Nevada 84445-3657. Paramount through its subsidiaries, X-Cal Resources Lt., X-Cal USA Inc, New Sleeper Gold LLC and Sleeper Mining Company LLC control 100% of the 1,044 unpatented lode mining claims. All claims registered in the name of X-Cal USA are currently assigned to the New Sleeper Gold LLC. The MMC Scope of Work was to perform an evaluation of the potential for the Sleeper Project to become a commercial mining operation. The basis of the evaluation was the resource block model and property evaluation performed by SRK and reported in the Technical Report by Even (2015). MMC was supplied the resource block model developed by SRK and used it to perform mine optimization analysis for a surface mine operation, assuming heap leach processing of the produced mineralized material.

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