Paramount Gold says Oregon approves environmental evaluation for Grassy Mountain

Paramount Gold Nevada announced that during a state Technical Review Team meeting on October 3rd, the Environmental Evaluation for the Grassy Mountain project was approved as completed. The approval marks the start of the 225-day legislated timeline for the issuance of draft permits. The EE was produced by Stantec, a global leader in engineering, architecture, mining and environmental consulting under the direction of DOGAMI with input from state permitting agencies. The Grassy Mountain feasibility study, completed at a gold price of $1,750 per ounce, projects an average annual production of 47,000 ounces of gold and 55,000 ounces of silver. At a moderate increase to $2,100 gold, the post-tax project NPV increases from $114 million to $189 million.