U.S. miner Paramount Gold Nevada has reported assay results from drill work completed in relation with the re-assess-ment and expansion of the company’s gold and silver resource at the Sleeper gold project, a former mine that is currently under evaluation for a production re-launch.
Commenting on this work, Glen Van Treek, the president and chief operational officer of Paramount Gold Nevada, said in a statement that this “initial phase is only the beginning of our plans at Sleeper in an effort to exploit the enormous potential of this large system which clearly extends beyond the original high-grade historical pit.”
A new preliminary economic assessment for the Nevada-based pro-ject is expected to be completed in the third quarter of 2022, accord-ing to the U.S. business.