Paramount Nevada - Non-core Assets

Bald Peak Project

Overview and Location

The Bald Peak Property, acquired in August 2021, is located in Nevada’s prolific Aurora mining district, along a parallel structural trend to the historic Bodie, Aurora, and Borealis open-pit goldmines.

Prior to the acquisition, an extensive alteration system extending more than 6 kilometers, was identified, prompting the staking of additional claims toward Hecla Mining’s Aurora Mine.

Initial exploration included geological mapping, surface sampling and a 21.4 kilometer Controlled Source Audio Magnetotelluric survey across15 lines. The survey outlined shallow silicified zones identified by resistivity.

Surface sampling from silicified outcrops returned average grades of 2.62 g/T gold and 4.2 g/T silver, with assays up to 10.85 g/T gold. The highest-grade samples are concentrated withing a geophysical anomaly measuring approximately 600 meters by 1,400 meters.

Despite these encouraging results, Bald Peak has never been drill tested. The combination of high-grade surface mineralization and compelling geophysical targets highlights the projects exploration potential and provides a strong foundation for future drilling.