https://www.miningweekly.com

Paramount receives permits for drilling near Grassy Mountain

14th April 2021

By: Creamer Media Reporter

     

Font size: - +

NYSE American-listed Paramount Gold Nevada is gearing up to start a 15-hole reverse circulation drilling campaign at the Frost project, southwest of the company’s proposed high-grade underground Grassy Mountain gold mine, later this quarter.

The company reported on Tuesday that it had received all required permits to conduct exploratory drilling at Frost, in Eastern Oregon, from the Bureau of Land Management, the Oregon Department of Geology and Mineral Industries and associated agencies.

“Our team is excited to undertake the upcoming drill programme at Frost given the high-grade nature of the historic intercepts, which yielded up to 25 g/t gold and 27 g/t silver but were never properly evaluated,” said CEO Rachel Goldman.

Given the proximity of Frost to Grassy, mineralised material would be trucked as mill feed to the Grassy processing facility. Every incremental 270 t of economic mineralised material would extend mine life by a year, improving overall project economics as defined in the Grassy feasibility study.

The interpretation of the historic drilling data in conjunction with geophysical survey results provided the basis for the planned 2 743 m, 15-hole reverse circulation drill campaign which is expected to start late in the second quarter.

Frost comprises 84 unpatented lode claims covering about 700 ha.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

North Ridge Pumps
North Ridge Pumps

North Ridge Pumps is an independent manufacturer of pumps. We have a proven track record for product support and customer service throughout the...

VISIT SHOWROOM 
Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.044 0.632s - 111pq - 2rq
Subscribe Now