Paramount Gold Nevada Corp. Receives Approval for Plan of Operations for Grassy Mountain Gold Mine
WINNEMUCCA, Nev., Nov. 29, 2022 (GLOBE NEWSWIRE) — Paramount Gold Nevada Corp. (NYSE American: PZG) (“Paramount” or the “Company”) is pleased to announce that the Federal Bureau of Land Management (“BLM”) has accepted the Plan of Operations (the “Plan”) for the proposed high-grade underground Grassy Mountain gold mine in eastern Oregon as complete.
Exciting News for Paramount Gold Nevada Corp.
Paramount Gold Nevada Corp. has recently received approval for its Plan of Operations for the Grassy Mountain gold mine in Malheur County, Oregon. This is a significant milestone for the company, as it paves the way for the development of a high-grade underground gold mine in the region.
The Plan of Operations outlines the company’s proposed activities for the mine, including plans for exploration, development, and production. With the BLM deeming the Plan complete, Paramount Gold Nevada Corp. can now move forward with obtaining the necessary permits to begin mining operations.
Impact on Local Economy and Community
The approval of the Plan of Operations for the Grassy Mountain gold mine is expected to have a positive impact on the local economy and community in Malheur County, Oregon. The development of the mine will create job opportunities for local residents and stimulate economic growth in the region.
In addition, the mine is expected to generate revenue for the county through taxes and royalties, which can be used to fund essential services and infrastructure projects. Overall, the approval of the Plan of Operations is a welcome development for the community and will bring much-needed benefits to the region.
How Will This Affect Me?
As a resident of Malheur County, Oregon, the approval of the Plan of Operations for the Grassy Mountain gold mine could directly impact you by creating job opportunities and stimulating economic growth in the region. The development of the mine will also generate revenue for the county, which can be used to improve essential services and infrastructure.
How Will This Affect the World?
The approval of the Plan of Operations for the Grassy Mountain gold mine is significant on a larger scale, as it represents a new source of gold production in the global market. The development of the high-grade underground mine will contribute to the world’s gold supply, potentially impacting the price of gold and global trade dynamics.
Conclusion
The approval of the Plan of Operations for the Grassy Mountain gold mine is a major achievement for Paramount Gold Nevada Corp. and a positive development for the local community in Malheur County, Oregon. The mine’s development will create job opportunities, stimulate economic growth, and generate revenue for the county. On a global scale, the mine will contribute to the world’s gold supply, potentially impacting the price of gold and global trade dynamics. Overall, this approval marks an exciting new chapter for Paramount Gold Nevada Corp. and the Grassy Mountain gold mine.
