| Announcement Date: | 2022-02-08 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Paramount Gold Nevada Corp. |
| Project name: | Grassy Mountain |
| Location: | United States |
| Commodities: | Gold,Silver |
| Highlight: | Drilling results incl. 20m @ 4.85g/t Au, 9.5g/t Ag from 360m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Winnemucca, Nevada – February 8, 2022 – Paramount Gold Nevada Corp. (NYSE American: PZG) (“Paramount” or the “Company”) announced positive results from its first drill program at its Frost project located within trucking distance of the proposed Grassy Mountain Mine operation. “We are pleased with the results of this initial program. We have encountered a robust gold system which could have the potential to generate significant tonnage of economic material,” said Glen Van Treek, Paramount’s President and Chief Operating Officer. “There is much more drilling to be done but these results confirm the presence of a gold system as indicated by our surface work.” A total of 13 reverse circulation drill holes totaling 9,010 feet were completed to test targets based upon surface geology and sampling, along with ground and helicopter borne geophysical surveys. The drill plan was also designed to locate and test historical intercepts from drilling in the 1990’s which had significant gold values, however no records remain of the precise locations of the historic holes. |
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