Mentioned:
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The United States federal government wants to speed up gold production in Oregon. And they are betting on a publicly traded company to do it.
What’s happening:
- Paramount Gold Nevada (NYSE: PZG) has announced that their gold project located in Malheur County, Oregon has been selected for the Fast-41 program by the United States government
Why it matters:
- The Fast-41 program is designed to dramatically accelerate regulatory approvals for mining projects with significant importance to the United States and could enable Paramount Gold Nevada to bring their Grassy Mountain Project into production earlier than expected
Going deeper:
- The Grassy Mountain Project is aiming to become the first modern underground gold and silver mine in Oregon to get into full scale production
- Oregon has also started to come into major focus as an important region for promising gold projects lately, with Provenance Gold (CSE: PAU) just recently beginning a large scale drill program to further explore their flagship Eldorado property after making waves with the results of their initial drill holes
