PZG Paramount Gold and Silver Corp

Exhibit 23.1

Exhibit 23.2

Woods Process Services LLC

PO Box 51047,

Sparks NV 89435

Consent of                Jeffrey L Woods, SME MMSA .

In connection with the Paramount Gold Nevada Corp. Current Report on Form 8-K (the “Form 8-K”), the undersigned consents to:

Woods Process Services LLC. is responsible for authoring, and this consent pertains to, the following Sections of the TRS: 1.4, 10.0, 14.0 etc

Dated September 8, 2023

By: Woods Process Services LLC

Name: /s/ Jeffrey L Woods SME MMSA

Exhibit 96.1

TECHNICAL REPORT SUMMARY FOR THE

SLEEPER GOLD-SILVER PROJECT,

HUMBOLDT COUNTY, NEVADA, USA

TECHNICAL REPORT SUMMARY FOR THE SLEEPER GOLD-SILVER PROJECT,

HUMBOLDT COUNTY, NEVADA, USA

SK1300 REPORT RSI(RNO)-M0144.21001 REV 7

PREPARED FOR

Paramount Gold Nevada

665 Anderson Street

Winnemucca, Nevada, USA 89445

PREPARED BY

RESPEC

210 South Rock Boulevard

Reno, Nevada, USA 89502

EFFECTIVE DATE: JUNE 30, 2023   REPORT DATE: AUGUST 31, 2023   Project Number M0144.21001   RESPEC.COM

TABLE OF CONTENTS

LIST OF TABLES

LIST OF FIGURES

1.0 EXECUTIVE SUMMARY

RESPEC Company LLC (“RESPEC”) has prepared this technical report summary on the Sleeper gold-silver project at the request of Paramount Gold Nevada Corp. (“Paramount”), a United States (“U.S.”) listed company (PZG: NYSE American) based in Winnemucca, Nevada. The Sleeper gold-silver project is located in Humboldt County, Nevada, and was the site of historical open pit mining from 1986 to 1996 when a total of approximately 1.66 million ounces of gold and 2.3 million ounces of silver were produced. This report provides a technical summary and a current estimate of gold and silver mineral resources for the project under the U.S. Securities and Exchange Commission (“SEC”) Regulation S-K.

The Sleeper property consists of 2,474 unpatented Federal lode mining claims covering approximately 18,177 hectares in parts of Sections 3 to 11, 14 to 23 and 26 to 36, inclusive, in Township 40 North, Range 35 East, Sections 1 to 12 15 to 21 and 29-33, Township 39 North, Range 35 East, Sections 1, 2, 11 and 12, Township 38 North, Range 34 East, Sections 2, 4, 8, 16 and 28, Township 37 North, Range 35 East, Sections 24 and 36, Township 37 North, Range 34 East, and Section 2, Township 36 North, Range 34 East, inclusive, Mount Diablo Base and Meridian, Humboldt County, Nevada. The main historical mine workings are centered at Lat: 41° 20’ N, Long: 118° 03’ W.

Paramount and two 100%-owned subsidiaries, Sleeper Mining LLC and New Sleeper LLC., own 100% of the mining claims comprising the Sleeper property. Ownership of the unpatented mining claims is in the name of the holder (locator), subject to the overall title of the United States of America. Under the Mining Law of 1872, the locator has the right to explore, develop, and mine minerals on unpatented mining claims without payments of production royalties to the U.S. government. The 2,474 unpatented lode claims include rights to all locatable subsurface minerals. Currently, annual claim-maintenance fees of $165 per claim are the only federal payments related to unpatented mining claims. As of the effective date of this report, these fees have been paid in full to September 1, 2024.

The Sleeper gold-silver deposit was discovered by AMAX Gold Inc. (“AMAX”) in late 1984. The Sleeper mine was constructed by AMAX in the mid-1980s as an open pit operation that produced approximately 1.658 million ounces of gold from 1986 to the end of production in 1996. Silver production totaled approximately 2.3 million ounces.

The deposit is located on the western flank of the Slumbering Hills and is largely covered by Quaternary gravels, alluvium, colluvium, and a surficial sequence of eolian sand. Gold-silver mineralization is situated nearly entirely in the hanging wall of a major, northwest-trending, west-dipping range-bounding normal fault that separates Mesozoic metasedimentary rocks of the Auld Lang Syne Group in the footwall from middle Miocene lavas, flow breccia, and lesser

epiclastic and tuffaceous rocks in the hanging wall. The principal host rocks for the deposit are a sequence of middle Miocene basalt and rhyolite lavas, domes, and small-volume tuffs.

Prior to mining, the Sleeper deposit consisted of four spatially overlapping types of gold-silver mineralization: a) banded quartz-adularia-electrum-(sericite) veins; b) silica-pyrite-marcasite cemented breccias; c) quartz-pyrite-marcasite stockworks; and d) alluvial gold-silver placers in Pliocene gravels.

The Sleeper veins generally dip to the west at moderate to high angles, but some secondary hanging-wall offshoots of the principal vein structures dip steeply to the east. Significant zones of mineralization at Sleeper extended for about 1,500 meters along strike, about 600 meters of width, and from near the pre-mining surface to depths of more than 610 meters. At least eleven veins with bonanza grades were mined historically. The Sleeper Main vein produced more than 0.5 Moz of gold from a single bonanza ore shoot, which had a strike length of 850 meters and width ranging from 0.3 to 4.6 meters. Most discrete bonanza zones consisted of a series of sheeted chalcedonic quartz veins distributed over cumulative widths of 10 to 25 meters. Individual veins ranged in thickness from a few centimeters to locally 5 meters.

The post-mining Sleeper deposit is predominantly characterized by extensive, low-grade stockwork mineralization hosted within the Sleeper rhyolite and underlying basalts. The stockwork mineralization has numerous, randomly oriented quartz-pyrite-marcasite veinlets peripheral to mid- to high- grade veins and breccias. The mid-grade mineralization consists of clast-supported breccias and narrow veins which extend down-dip from previously mined high-grade veins. These mid-grade narrow veins typically assay between 3 and 34 g Au/t, whereas the stockwork assays usually result in grades less than 3 g Au/t.

The West Wood area to the southwest of the Sleeper pit contains high-grade mineralization within a hydrothermal breccia body associated with faults and a felsic porphyritic intrusive. This zone likely represents a down-faulted block that was continuous or parallel to the West vein mined in the pit. The West Wood breccia is highly silicified with abundant sulfides, but localized veins within the breccia can exceed 100 g Au/t.

Paramount is not engaged in development or operations at the Sleeper project as of the effective date of this report. Exploration conducted by Paramount from 2010 through 2013, and in 2021, is summarized in Section 7.0.

The oxide and transition materials of the various Sleeper areas are amenable to heap leach processing with an expected recovery:

For the refractory ore types, a hybrid processing method is recommended. This methos involves grinding the material suitable for froth flotation to generate a flotation concentrate. Treatment of the concentrate by biooxidation followed by cyanidation is expected to recover 75% of the gold and 48% of the silver. Cyanide leaching of the flotation tailings is expected to recover an additional 15 % and 22 % of the gold and silver respectively, for an overall recovery of 90% of gold and 70% of silver of the flotation feed material.

Measured and Indicated resources, effective June 30, 2023, consist of a total of 163,239,000 tonnes with an average gold grade of 0.361 g Au/t and an average silver grade of 4.05 g Ag/t, for 1,897,000 contained ounces of gold and 21,231,000 contained ounces of silver. The resources are constrained within an optimized pit, reflecting the potential for open pit mining and heap-leach processing of the present Sleeper deposit. The in-pit resources are reported at cutoffs of 0.14 g Au/t for oxide and mixed materials, and 0.17 g Au/t for sulfide material. The cutoff for unoxidized materials reflects the potential for flotation with biooxidation processing.

Table 1-1 Sleeper Total In-Pit Gold and Silver Resources – Measured, Indicated & Inferred

  (Metric units)

  (Imperial units)

Notes:

The current Sleeper mineral resources are principally comprised of the substantial volumes of the lower-grade mineralization that envelops the Sleeper veins both vertically and laterally. This lower-grade envelope is dominated by stockwork mineralization, but moderate- to high-grade mineralization within it includes the down-dip extensions of the mined-out Sleeper high-grade veins as well as other secondary and tertiary structural zones that host hydrothermal breccias of moderate grades. The unmined West Wood occurrence also lies within the low-grade halo mineralization. West Wood is comprised of mid- to high-grade gold mineralization hosted within an easterly dipping, sulfidic hydrothermal breccia that is related to a felsic porphyritic intrusion, and it lies to the southwest of the AMAX pit limits.

It is recommended to advance the current technical report summary to an initial assessment (“IA”) to assess the preliminary project economics. If the results of the recommended IA are favorable, an infill drill program of approximately 7,600 meters of drilling is recommended. However, RESPEC recommends that core drilling be substituted for a portion of the RC drilling due to the emerging understanding of the importance of narrow high-grade veins and steeply dipping structural controls to the remaining higher-grade mineralization, and to avoid the demonstrated down-hole contamination that has occurred below the water table. Core drilling would also provide opportunities to collect information regarding geotechnical data, hydrology, metallurgical testing, and validate historical RC drilling. Increased drill density is required in some areas to provide confidence needed to potentially upgrade Inferred resources to Measured and Indicated classifications.

Table 1-2. Cost Estimate for the Recommended Program

RESPEC Company LLC (“RESPEC”) has prepared this technical report summary on the Sleeper gold-silver project at the request of Paramount Gold Nevada Corp. (“Paramount”), a United States (“U.S.”) listed company (PZG: NYSE American) based in Winnemucca, Nevada. The Sleeper gold-silver project is located in the Awakening mining district of Humboldt County, Nevada, and was the site of historical open pit mining from 1986 to 1996 when a total of approximately 1.66 million ounces of gold and 2.3 million ounces of silver were produced.

The purpose of this report is to provide a technical summary and an updated, current estimate of gold and silver mineral resources for the project in support of Paramount’s regulatory obligations under the U.S. Securities and Exchange Commission (“SEC”) and Code of Federal Regulations subpart 229.1300 of Regulation S-K (“S-K 1300”). The Sleeper property is considered a material property under S-K 1300. This technical report summary supersedes the most recent technical reports and estimated resources for the Sleeper project prepared for Paramount by RESPEC in 2022.

The scope of this technical report summary included a review of pertinent technical reports and data provided to RESPEC by Paramount relative to the general setting, geology, project history, exploration activities and results, methodology, quality assurance, interpretations, drilling programs, and metallurgy. RESPEC has fully relied on the data and information provided by Paramount for the completion of this report, drawing most significantly on the reports of Wilson et al. (2015) and Wilson et al. (2017), as well as other sources of information cited specifically in portions of this technical report summary and listed in Section 24 References. RESPEC has also utilized information derived from work done by Paramount’s predecessor operators of the project, and on observations made by RESPEC geologists during their site visits. RESPEC has reviewed much of the available data and has made judgments about the general reliability of the underlying data. Where deemed either inadequate or unreliable, the data was either eliminated from use or procedures were modified to account for lack of confidence in that specific information. RESPEC has made such investigations as deemed necessary in their professional judgment to be able to reasonably present the conclusions discussed herein.

RESPEC conducted multiple site visits to the Sleeper project guided by Mr. Glen Van Treek, Mr. Michael McGinnis, and/or other representatives of Paramount on five separate occasions: April 19 and November 18, 2021, March 2 and May 11, 2022, and August 14, 2023. RESPEC examined the property infrastructure, reviewed representative drill core and RC cuttings, evaluated the status of drill sample pulps stored on site, and measured the coordinates of selected drillhole collar locations. The geology of the Sleeper deposit was reviewed through an examination of drill core from selected drill holes and printouts of Paramount’s cross-sections.

The effective date of the current mineral resources is June 30, 2023, and the effective date of this technical report summary is August 31, 2023. In this report, measurements are generally reported in metric units. Where information was originally reported in Imperial units (U.S. customary units), RESPEC has made the conversions as shown below. Units of measure, and conversion factors used in this report include:

Currency: Unless otherwise indicated, all references to dollars ($) in this report refer to currency of the United States.

Frequently used acronyms and abbreviations are listed in Table 2-1.

Table 2-1. List of Units, Acronyms, and Abbreviations

Table 2.1. List of Units, Acronyms, and Abbreviations (continued)

Table 2.1. List of Units, Acronyms, and Abbreviations (continued)

RESPEC is not an expert regarding legal, environmental, and social matters such as the validity of mining claims and agreements and environmental permitting. RESPEC has relied fully on Paramount for the information in Section 3.1 through Section 3.6 as summarized in Section 25.0.

The Sleeper property is located in Desert Valley and the adjoining Slumbering Hills in Humboldt County, Nevada, U.S.A. The claims cover parts of Sections 3 to 11, 14 to 23 and 26 to 36, inclusive, in Township 40 North, Range 35 East, Sections 1 to 12 15 to 21 and 29-33, Township 39 North, Range 35 East, Sections 1, 2, 11 and 12, Township 38 North, Range 34 East, Sections 2, 4, 8, 16 and 28, Township 37 North, Range 35 East, Sections 24 and 36, Township 37 North, Range 34 East, and Section 2, Township 36 North, Range 34 East, inclusive, Mount Diablo Base and Meridian, Humboldt County, Nevada, U.S.A. The property location is shown on Figure 3-1. The main historical mine workings are centered at Lat: 41° 20’ N, Long: 118° 03’ W (Figure 3-2).

Figure 3-1. Location Map for the Sleeper Property

(from Gustin and Fleming, 2004)

The Sleeper property (Figure 3-2) comprises 2,474 unpatented Federal lode mining claims covering approximately 18,177 hectares. This includes 152 unpatented mining claims identified as the RO and SH group of claims, located 5.6 kilometers southwest of the main Sleeper pit, acquired by Paramount on March 31, 2021. Appendix A contains a list of the individual lode claims that comprise the Sleeper property.

Paramount’s ownership of the Sleeper project commenced in 2010 when a predecessor company known then as Paramount Gold and Silver acquired X-Cal Resources Ltd. (“X-Cal”), which held portions of the Sleeper property. In 2011, Paramount Gold and Silver acquired ICN’s land package in the area south of the Sleeper deposit, and in 2012 Paramount Gold and Silver staked additional claims. In connection with a merger agreement between Paramount Gold and Silver, Coeur Mining, Inc. and Hollywood Merger Sub, Inc., Paramount Gold and Silver spun-off Paramount as a separate, publicly traded company owning 100% of two subsidiaries, Sleeper Mining LLC and New Sleeper LLC., that together with Paramount own 100% of the mining claims comprising the Sleeper property.

Ownership of the unpatented mining claims is in the name of the holder (locator), subject to the overall title of the United States of America, under the administration of the U.S. Bureau of Land Management (“BLM”). Under the Mining Law of 1872, which governs the location of unpatented mining claims on federal lands, the locator has the right to explore, develop, and mine minerals on unpatented mining claims without payments of production royalties to the U.S. government, and subject to the surface management regulation of the BLM. The 2,474 unpatented lode claims include rights to all locatable subsurface minerals. Currently, annual claim-maintenance fees of $165 per claim are the only federal payments related to unpatented mining claims. As of the effective date of this report, these fees have been paid in full to September 1, 2024. The annual property holding costs, including claim fees and county recording fees total an estimated $447,705 (Table 3-1).

Surface rights sufficient to explore, develop, and mine minerals on the unpatented mining claims are inherent to the claims as long as the claims are maintained in good standing. The surface rights are subject to all applicable state and federal environmental regulations.

Figure 3-2: Sleeper Property Location Map

(from Paramount, 2022; red lines show outlines of Paramount claim blocks and third-party inliers.)

Table 3-1. Summary of Annual Property Holding Costs

The Sleeper property is owned 100% by Paramount with no significant encumbrances or agreements such as leases, options, or purchase payments known to RESPEC. The project is currently operated as an advanced exploration project. Key BLM and State permits associated with these activities and in place as of the effective date of this report include:

There are also numerous other permits in place that are maintained from previous mining activities. These are maintained for ease in updating should a decision be made to reinitiate production at the site. Maintenance of these permits includes monthly, quarterly, and annual monitoring and reporting. These permits include:

The BLM Nevada State Office currently holds BLM bond number NVB00330 with Sleeper Mining Company LLC, as principal, in the amount of $3,966,373; and BLM bond number NVB00444 with New Sleeper Gold LLC, as principal, in the amount of $345,044. The bonds provide surface reclamation coverage for operations conducted by the principal on NVN064100, the Sleeper Mine, and NVN077104, the Sleeper Gold Exploration Plan, respectively. The current obligation was approved 10/09/2020 and is reviewed every 3 years. Paramount is currently in compliance with all issued permits and is in the process of renewing those permits that require renewal.

A total of five separate Net Smelter Return (“NSR”) royalties apply to future production from the Sleeper property as follows:

The Snyder Syndicate, a private company, holds a one percent (1%) NSR royalty on 1,044 claims in a mining scenario;

Franco-Nevada U.S. Corporation (“Franco”) holds a two percent (2%) NSR royalty on minerals produced from 2,474 mining claims;

Evolving Gold/Quinton Hennigh holds a 2% NSR royalty;

Dry Lake Placer Association holds a 3% NSR royalty; and

ICN holds a 0.5% NSR royalty on the “SS” and “SP” mining claims as well as a 1.5% NSR royalty on the Blue mining claims.

Figure 3-3. Map of Sleeper Property Subject to Applicable Production Royalties

RESPEC is not aware of any significant factors and risks that may affect access, title, or the right or ability to perform work on the property other than those described in Sections 3.1 through 3.5.

The Sleeper gold-silver property is located approximately 50 kilometers northwest of Winnemucca, Nevada on the western flank of the Slumbering Hills. The property covers flat to hilly, grass- and shrub-covered desert, with a few trees present at higher elevations. Elevations range from1,250 meters along the western valley side of the property to 1,646 meters on a hilltop in the southeastern portion of the property.

Access to the Sleeper gold-silver property is via Interstate Highway 80 to Winnemucca, north on Highway 95 for 51.5 kilometers, west on Highway 140 for 22.5 kilometers, and then south on the maintained gravel Sod House Road for 10 kilometers to the project site.

The climate in the Sleeper property area is semi-arid, with temperatures that are cool to cold during the winter, with occasional moderate snowfalls, and warm during the summer with cool nights. The area is dry, with infrequent rains during the summer. Exploration and mining activities can be conducted year-round.

An office building, a maintenance building plus assorted equipment are present at the Sleeper project site and are in use for exploration offices, core logging, storage and to support drilling programs. Necessary supplies, equipment, and services to carry out full sequence exploration and mining development projects are available in Winnemucca, Reno, and Elko, Nevada. A trained mining-industrial workforce is available in Winnemucca and other nearby communities. The Sleeper property area is uninhabited. The overall subdued topography that characterizes much of the Sleeper property provides ample ground for the siting of mine facilities, tailings, waste dumps and heap leach facilities.

The information summarized in this section is taken largely from Redfern and Rowe (2003), Gustin and Fleming (2004), Thomason et al. (2006), Giroux et al. (2009), Wilson et al. (2015), and Ressel et al. (2020). RESPEC has reviewed this information and believes it is suitable for use in this report.

The Sleeper gold-silver project is located in the Awakening district which has been active since the early 1900s. Early production of gold was associated with gold-bearing quartz veins and the district was significantly revitalized with the discovery of the Sleeper deposit by AMAX in 1982, and subsequent open pit mining from 1986 through 1996. This section summarizes historical mining operations, operators, and exploration and development work undertaken by previous owners and operators.

Early production of gold in the Slumbering Hills (Awakening district), first recorded in 1914, was associated with gold-bearing quartz veins in Mesozoic metasedimentary rocks. Production increased beginning in 1936 with development of the Jumbo and Alma mines (Nash et al., 1995). Narrow quartz-adularia veins within folded metasedimentary rocks were exploited for gold at the Jumbo mine located approximately six kilometers southeast of the Sleeper mine by open pit and underground methods (Nash et al., 1995). Workings include several shafts, adits, and numerous prospects located within 2 kilometers of the eventual Sleeper mine. These old workings, probably from the 1930s, are in or adjacent to altered and veined Tertiary volcanic rocks. The Sleeper mill was constructed atop one of the historical shafts (Nash, et al., 1995). Willden (1964) tabulated a total of 26,262 ounces of gold produced from the Awakening district between 1932 and 1958.

The post-1950s mining history of the Sleeper property, as summarized in Wood and Hamilton (1991), began in 1982 when John Wood, an exploration geologist with AMAX Gold Inc. (“AMAX”), observed iron oxide minerals in a scarp east of what became the Sleeper mine during an aerial geological reconnaissance. AMAX conducted surface geological and geochemical work over the next two years and a drilling program that identified gold mineralization that averaged approximately 1.4 g Au/t. In late 1984, AMAX’s thirty-fourth drillhole stepped out to the west of the previous drilling and intersected 102 meters of silicified breccia with an average grade of 27.8 g Au/t and 61.7 g Ag/t, including one very high-grade quartz vein containing abundant visible gold (Nash et al., 1995).

In February 1985, AMAX formally announced the discovery of the Sleeper gold deposit. Mining began in January 1986 and mill commissioning began the following month. On March 26, 1986, AMAX poured its first gold bar. Although the mine plan called for production of about 40,000 ounces in 1986, the mine produced 126,000 ounces of gold during the year at an average cost of less than $60 per ounce, making it one of the lowest cost gold mines in the world at the time.

AMAX’s initial capital investment was recouped in the first six months of operation. During the first nine months the head grade was 25.7 g Au/t, or more than twice the expected grade, owing to bonanza grades in the Sleeper vein (Redfern and Rowe, 2003). In September 1986, AMAX began processing low-grade material in a heap leach circuit. Production increased to 159,000 ounces in 1987 (the first full year of production) and to 230,000 ounces in 1988 at an average cost of $103 per ounce (Proteus, 2002). Armed guards were hired to protect the high-grade, visible gold in the pit. In 1993, annual production declined to 100,000 ounces of gold at a cash cost of $317 per ounce. Cyprus Minerals and AMAX Inc. merged to form Cyprus AMAX Minerals Co. in 1994. AMAX suspended mining operations at Sleeper in 1996.

The Sleeper operation was designed to treat oxide mineralization by both milling and heap leaching. There was no flotation circuit in the mill to recover gold bearing sulfides. The early pit mill feed was oxide material, but zones of sulfide mineralization were present in the pit. Reported total gold production was 1,219,880 ounces from the mill and 438,609 ounces from heap leaching (Zoutomou, 2007). Silver production totaled approximately 2.3 million ounces.

After production ceased, groundwater infiltrated into the open pit, forming a pit lake. The pit lake surface is within 34 meters below the crest of the original pit limits. The mill and crushing facilities have been removed and the mill area has been reclaimed.

The Sleeper deposit was largely overlain by alluvial deposits and was discovered by drilling through only a few meters of unconsolidated post-mineral cover. Over the past 40 years, there have been more than 4,400 exploration holes drilled in and around the Sleeper property by AMAX and numerous other companies. Historical drilling from 1983 through 2012 is summarized in Table 5-1. The majority of drilling has been done with reverse-circulation rotary (“RC”) methods which account for 95% of the holes and 93% of the meters drilled on the property. A map showing historical drill collar locations, to the extent known, is shown in Figure 5-1.

Sleeper exploration data includes more than 2,600 rock-chip geochemical samples, more than 11,300 soil geochemical samples, and at least 21 geophysical surveys within the current project landholdings (Ressel et al., 2020). The historical geophysical surveys included gravity, airborne magnetics, ground magnetics, induced polarization(“IP”)/resistivity(“R”), magnetotelluric (“MT”), and seismic studies, as listed in Table 5-2. Surveys completed for Paramount are described in Section 7.1.

Exploration work carried out by historical operators is summarized chronologically below.

Table 5-1. Summary of Sleeper Deposit Drilling in RESPEC Database