Paramount controls three claim blocks totaling 3,000 acres in the Reese River Pediment located in Lander County, Nevada. The Reese River claims were acquired from Placer Dome and under the agreement they currently hold a 2% net returns royalty.

Click here to view the most recent NI 43-101 Technical Report of the project.

Reese River is a gold project located in the ‘Cortez Area’ as seen in the map below. The project is located on lower plate windows. The phrase “lower plate window” refers to areas on the Battle Mountain and Carlin Trends, where normally deeper rocks have been thrust to surface or near surface. Many of the most productive gold deposits on these trends occur in the lower plate rocks.

A gravity survey has been completed with a total of 64 new gravity stations surveyed. The gravity survey indicates a complex structural setting composed of three major structural zones. Geologic mapping supports the zones with correlating mapped faults and major lithologic boundaries. An up-thrown block is interpreted at the zones’ intersection with the associated gravity high being potentially the result of lower plate carbonates. The structures and the lower plate are both exploration targets.