other material
confidence high
sentiment positive
materiality 0.70
Paramount Gold updates Sleeper resource: total gold up ~30% to 3.1M oz; 60% now measured & indicated
Paramount Gold Nevada Corp.
- Total gold resources increased to 3.1 million oz (up from 2.4M oz); M&I gold now 1.9M oz (vs nil previously).
- Silver resources: 31M oz M&I plus 9.5M oz inferred, per S-K 1300 TRS effective June 30, 2023.
- Database verified with >4,200 drill holes and >300,000 assay samples; re-assayed 3,000 old pulps/split core.
- RESPC recommends Initial Assessment, 7,600 m infill drill program, and metallurgical testing as next steps.
- CEO Rachel Goldman says resource restatement is a major step toward realizing Sleeper's value for shareholders.