DOGAMI, BLM agree to joint reclamation bond for Grassy Mountain Gold Mine

Paramount Gold Nevada announces its proposed Grassy Mountain gold mine will have the benefit of a joint reclamation bond between the Oregon Department of Geology and Mineral Industries, DOGAMI, and the Bureau of Land Management, BLM. The two agencies have executed a Memorandum of Understanding, MOU, which ensures that Paramount will not be required to post two reclamation bonds, thereby reducing capital requirements, and lessening the administrative burden. Paramount’s President, COO and Director, Mr. Glen Van Treek stated, “We are extremely pleased by the co-operation shown by the DOGAMI and the BLM in their MOU. This decision will be very beneficial to the development, construction and operation of our Grassy Mountain Gold and Silver mine.”