Best Gold Mining Company Ottawa Near Me

4worldlovers: Paramount Gold Nevada is an emerging growth company in the business of acquiring, exploring and developing precious metals projects in the United States of America. We have designed our Company to provide our shareholders with industry-leading exposure to high quality U.S. gold assets. That’s our primary objective and it has attracted some of the gold industry’s best-known and most successful investors.

Paramount Gold Provides Permitting Update For Its Proposed High Grade Underground Grassy Mountain Gold Mine

– June 28, 2023 – Paramount Gold Nevada Corp. (NYSE American: PZG) (“Paramount” or the “Company”) announced today that it has received approval for a two-year extension of its Conditional Use Permit during a public meeting of the Malheur County Planning Department held on June 22nd.

The Grassy Mountain Gold Project (“Grassy”) is located in Malheur County, eastern Oregon, approximately 22 miles south of Vale, Oregon, and roughly 70 miles west of Boise, Idaho.

On November 14, 2018, Paramount entered into an agreement with a wholly owned subsidiary of Ely Gold Royalties (TSX-v: ELY) to purchase a 100% interest in 896 acres known as the Frost Project (“Frost”).

Paramount Gold Nevada owns a 100% interest in the Sleeper Gold Project, a former high-grade open pit gold producer located off a main highway approximately 25 miles northwest of the town of Winnemucca, Nevada.

In August 2021, we completed the acquisition of the Bald Peak project, located in the well-known Aurora mining district in Mineral County, Nevada, and situated on a parallel structure to that which hosts the prolific open-pit Bodie, Aurora, and Borealis mines.

4worldlovers:

Gold and Silver in Heart of the Yukon: Silver Discovery at Carlin-Roop. February 2023


Keno Hill Type High-Grade Silver occurrences discovered during 2020/21 prospecting and drilling at Carlin-Roop: results from 2022 drilling pending: more drill targets located for 2023 drilling.


Mayo Lake Minerals Inc. (MAYO) is a public company listed on the Canadian Securities Exchange (CSE) under the symbol MLKM that owns a 100 per cent interest in five claim blocks, presently consisting of 1253 quartz claims, in the Mayo Mining District of the Yukon. These claim groups all lie within the Tombstone Plutonic Belt of the Tintina Gold Belt (Figure 1). In 2019, it became apparent that the Carlin-Roop Silver Property boasted the highest prospectivity for high-grade Keno Hill Style Mineralization. The ore in the Keno Hill Silver District consists of high-grade Keno Hill Style Mineralization.


Previously overlooked analytical results of stream sediment, and overlooked assays of heavy mineral samples for gold, which were reported by the Geological Survey of Canada in the Mayo Lake-Keno Hill area in the 1960s; and


Unexplored terrain in an area characterized by placer mining, around Mayo Lake,

Favourable geology for gold and silver deposits within the Tombstone Plutonic Belt in the Mayo Lake area with structural elements, alteration patterns and intrusives favourable for gold and silver deposits.

In spite of MAYO’s exploration was limited by funding between 2012 and 2016, it did receive positive results from its early geochemical and geophysical surveys and used these results to direct further exploration: detailed geochemical grid surveys, ground geophysics, limited trenching and scout drilling. Scout drilling in 2017 on the Anderson-Davidson claim group allowed Mayo to confirm a 10 kilometer-long gold trend.

Beginning in 2019, the high prospectivity of the Carlin-Roop property for silver was realized from the presence of a very anomalous, 600m plus long soil anomaly related to structural elements common to the Keno Hill Silver District. Shallow IP and a limited 2 hole diamond drill program of 205m identified Keno Hill Silver Mineralization in two zones, confirming its potential for ore-grade silver deposits (Figure 2).

Soil sampling, geophysics and the presence of an intrusive at Trail-Minto indicates the potential for a deposit similar to that at Victoria Gold’s Eagle Mine. A broad 2 km by 3 km magnetic low with associated gold and base metal anomalies points to a significant subsurface multi-element subsurface deposit(s) at Edmonton. Gold in soil anomalies at Cascade are present in a tectonized and over thickened rock sequence.

All of MLM’s claim groups are located close to road infrastructure, with the three largest of them directly accessible by road. The nearby Wareham Dam has the potential to increase capacity to power more nearby projects.

'The Yukon’s Keno Hill Camp (KHSC) was not only Canada's second largest primary silver producer and one of the richest Ag-Pb-Zn vein deposits ever mined in the world, it was also one of the mainstays of the Yukon economy from the 1920s until the early 1960s. It produced more wealth than the Klondike, one of the richest placer gold districts in the world.

The KHC is defined by most geologists as a belt of high-grade silver-lead-zinc rich vein deposits (Keno Hill Style Mineralization; KHSM) approximately 21 km long and 2 to 6.5 km wide that crosses parts of Galena, Keno and Sourdough Hills north and east of Mayo Lake in the Yukon. The camp contains 16 important deposits, defined as those that produced over 15.55 t (500,000 oz) of Ag, another 19 that shipped smaller amounts to a smelter, and 35 minor occurrences.

The KHSC produced a total of 214M Oz of silver between 1913 and 1990 with the Elsa Mine being the second largest producer at 30M Oz., which at today’s prices is approximately US$780M.' ¹