Paramount Gold Nevada Corp. - PZG STOCK NEWS

Paramount Gold Nevada Corp (NYSE American: PZG) announced promising assay results from two new core holes at its Grassy Mountain gold mine in Oregon. Drilling outside the current mineral reserve area revealed gold grades, with GM19-37 returning up to 2.56 g/T gold and an average of 0.4 g/T over a significant width. Meanwhile, GM19-38 intercepted 0.98 g/T gold. These results suggest previously considered waste material may now be processed, enhancing project economics as the company approaches a construction decision.

Paramount Gold Nevada Corp. (PZG) has acquired 152 lode claims, totaling approximately 3,100 acres, from South Sleeper Resources LLC for $350,000. This acquisition enhances Paramount's land position in the Sleeper district to over 40,000 acres, strategically located near the former high-grade producing Sleeper Gold Mine. The claims, previously owned by various Nevada companies, showed gold values up to 9.48 g/T in prior drilling but were not fully evaluated. Exploration and drilling programs are set to launch this summer, aiming to assess the newly acquired claims and potentially unlock additional value.

Paramount Gold Nevada Corp. (NYSE American: PZG) announced receiving all necessary permits for exploratory drilling at the Frost Project in Eastern Oregon. The 15-hole drill program is expected to commence in June 2021. Frost comprises 84 claims covering approximately 1,730 acres near the Grassy Mountain gold mine. The historic drilling data suggests high-grade gold and silver, indicating potential for economic mineralized material. This drilling campaign aims to extend the mine life and improve project economics as detailed in the Grassy Feasibility Study.

Paramount Gold Nevada Corp. (PZG) announced the acceptance of the Wildlife Resources Baseline Data Report for the Grassy Mountain gold mine in Oregon, a milestone in its permitting process. CEO Rachel Goldman highlighted that this step follows previous approvals, enabling progress toward required regulatory approvals. With 20 baseline reports accepted, further submissions are planned, including groundwater and geochemistry reports. The company anticipates submitting a revised Consolidated Permit Application by summer 2021, building on a positive Feasibility Study completed in September 2020.

Paramount Gold Nevada Corp. (PZG) held its annual stockholder meeting on December 10, 2020, with 62.22% of shares voting. Seven directors were elected, including Rudi Fronk and Glen Van Treek. The meeting also ratified MNP LLP as independent accountants for FY 2021, with 98.83% approval. Additionally, stockholders voted to increase authorized shares from 50 million to 200 million, achieving 85.54% approval. Overall, the meeting reflects strong shareholder engagement and support for the company's future endeavors.

Paramount Gold Nevada Corp. (PZG) announced plans to evaluate restarting the historic Sleeper Mine in response to rising gold prices. Previously, the mine produced 1.7 million ounces of gold at costs below $400 per ounce. Current resources at the site include 3 million ounces of measured and indicated gold and 1.5 million ounces inferred, along with significant silver resources. A comprehensive review of existing data will be conducted by Mine Development Associates to identify prospective drill targets and assess processing options, with drilling expected to commence in H1 2021.

Paramount Gold Nevada Corp. (PZG) has filed a National Instrument 43-101 Technical Report on the Feasibility Study for its Grassy Mountain Gold Project in Oregon. The report outlines robust economics with an annual production of 47,000 ounces of gold and 55,000 ounces of silver. It highlights low cash costs of $584 and AISC of $672 per ounce of gold produced. The after-tax IRR is 26.0% at a base gold price of $1,472, and a net present value (NPV) of $105 million at a 5% discount rate.

Paramount Gold Nevada Corp. (PZG) announced the results of its Feasibility Study for the Grassy Mountain Gold Project, revealing a pre-tax NPV5% of $123 million at an average gold price of $1,472, increasing to $238 million at $1,900. The study shows low initial capital requirements of $98 million and life-of-mine cash costs of $583 per ounce, with sustainable costs at $671 per ounce. The project is expected to produce 362,000 ounces of gold and 425,000 ounces of silver over an eight-year mine life, with an after-tax IRR of 26% at $1,472 gold.

Paramount Gold Nevada Corp. (NYSE American: PZG) has closed its non-brokered registered direct offering in the U.S. and a concurrent agency offering in Canada, totaling 4,807,700 shares at US$1.04 per share, raising US$5 million. The funds will strengthen Paramount's balance sheet and support critical milestones for the Grassy Mountain Gold Project, including permitting and a forthcoming feasibility study. CEO Rachel Goldman announced that drilling will commence at the Frost project pending permit approval.