NYSE American-listed Paramount Gold Nevada has submitted its plan of operation to the federal Bureau of Land Management (BLM), outlining its plans to build and operate the proposed Grassy Mountain underground gold mine, in Oregon.
The project’s processing facilities and tailing storage would be located on federal land.
Over the next 30 days, the BLM will review the plan for completeness and provide the company with comments, if any. Once the application is deemed complete, a notice of intent would be filed in the federal register, initiating the environmental impact statement process under the National Environmental Policy Act.
The process is expected to take 12 months to completed.