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Tag: Paramount Gold Nevada Corp.

Red Cloud | redcloudfs.com

Red Cloud’s 2022 Very Pre-PDAC Mining Showcase – Day Three Recap

Last Friday, Red Cloud hosted the third and final day of its Very Pre-PDAC Mining Showcase, which featured 39 presenting companies including a keynote speech by Joe Mazumdar, Editor/Analyst and Publisher of Exploration Insights and had over 1,750 participants registered in advance of the event. With this note, we want to provide a quick recap of the highlights from the conference for those who were unable to attend the live event. Replays are available on the Red Cloud website.

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Red Cloud | redcloudfs.com

Paramount Gold Nevada Corp. (NYSEAM:PZG) – Acquisition of Strategic Claims at Sleeper

Paramount Gold Nevada announced that it has completed the purchase of 152 unpatented lode claims (~3,100 acres) from South Sleeper Resources LLC. The claims are located only two miles south of Paramount’s 100%-owned former high-grade producing Sleeper Gold Mine. This acquisition fits management’s strategy of consolidating prospective targets near its material projects and adds exploration potential on the doorstep of its mine. The past producer hosts resources of +3.1M oz M&I and ~1.5M oz inferred. An amended 2017 PEA outlines a large-scale open-pit and heap leach operation with a post-tax NPV10% US$234M, an IRR of 40.1%, and a payback from the start of production of 2.3 years (assuming $1,700/oz Au). We view this acquisition positively as it helps PZG further consolidate the Sleeper District, fitting strategically within its existing land package.

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