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Paramount Feasibility Study Caps Junior Gold Surge with $374.7M Grassy NPV

The junior gold exploration surge peaked May 27-28 as Trident Resources delivered 17.88 g/t Au over 11.25 m at Contact Lake and Paramount Gold released a feasibility study showing $374.7M after-tax NPV at $3,600/oz gold for Grassy Mountain. Activity accelerated from May 20 mobilization through multiple high-grade intercepts May 20-27, including Sitka’s 19.3 m at 5.04 g/t, StrikePoint’s 114 m oxide zone, 1911 Gold’s 10.41 g/t results, and Galleon’s 16.07 g/t intercept. Sustained broad mineralization across Canada and the US reinforced constructive sentiment toward XAUUSD despite limited immediate spot-price reaction.

Category

Gold

Sentiment

Bullish

Event

Milestone

Reading time

1 min