en.Wedoany.com Reported - On April 9, 2026, Paramount Gold Nevada Corp. (NYSE American: PZG), a company focused on precious metals exploration and development in the United States, announced the formal initiation of an Initial Assessment for its wholly-owned Sleeper Gold Project. Prepared in accordance with SEC Regulation S-K 1300, this assessment focuses on heap-leachable material, including approximately 54 million tons of economically viable material. Expected to be completed by the end of Q2 2026, the assessment aims to explore a lower-cost, phased development path.
The Sleeper Gold Project is located in Humboldt County, Northern Nevada, and is a historic open-pit mine that produced high-grade gold. Operated by AMAX Gold from 1986 to 1996, the mine produced approximately 1.66 million ounces of gold and 2.3 million ounces of silver. Paramount Gold Nevada Corp., incorporated on June 15, 1992, is engaged in the acquisition, exploration, and development of precious metals projects in the U.S., with several advanced exploration projects in Nevada and Oregon. In addition to the Sleeper Project, the company wholly owns the Grassy Mountain Gold Project in Malheur County, Oregon, and the Bald Peak Project in Mineral County, Nevada.
This Initial Assessment is being conducted by SLR International Corporation, a global mining consultancy retained by the company. With approximately 2,000 mining professionals operating in 28 countries, SLR offers integrated technical, advisory, and sustainability solutions across the full lifecycle from exploration to mine closure. SLR is currently performing ongoing monitoring and reclamation work at the project site and will incorporate its enhanced leach kinetics expertise, gained through the recent acquisition of Forte Dynamics, into this assessment. Unlike previous assessments which primarily focused on in-situ resources, this evaluation includes previously unevaluated surface materials from waste dumps, as well as oxide and mixed in-situ mineralization suitable for heap leaching. This strategy is expected to support an accelerated cash flow path, improve the overall project economics, and aid in development planning and the evaluation of future potential expansion opportunities.
Rachel Goldman, CEO of Paramount Gold Nevada Corp., stated that following an internal review, the company believes substantial historical data supports an Initial Assessment for a heap-leach-only operation at Sleeper. Focusing on oxide and transition material is a logical first step to define the project's development potential in the current gold price environment. She noted that the company is also concurrently advancing final permitting and feasibility work for the Grassy Mountain Project. In January 2026, the Grassy Mountain Project received federal approval from the U.S. Bureau of Land Management (BLM), making it a "shovel-ready" project. The completion of this Initial Assessment for the Sleeper Project will be a significant milestone for the company in evaluating development options for the mine.
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