Business & economy

Nevada mining firm expands reach for gold in Malheur County

Paramount Gold of Nevada Chief Executive Officer Glen Van Treek said his firm is expanding its holdings in Malheur County as it prepares to make a long-term investment in a gold and silver mining venture. (The Enterprise/File).

VALE – The Nevada company that wants to open a multimillion-dollar mine southwest of here expanded its footprint in Malheur County last month in a signal that the firm plans an extended stay.

Paramount Gold Nevada Corp. announced recently that it inked an option-to-buy agreement with Cryla LLC. for a controlling interest in 44 mining claims west of the Grassy Mountain mine project.

The 44 claims cover 580 acres and “offer excellent exploration potential” said Glen Van Treek, chief executive officer of Paramount.

Paramount also recently signed a pact with Nevada Select Royalty to buy the . . .