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Pretium Resources Inc.
Summary
| Project: | Brucejack | |
|---|---|---|
| Deposit: | Valley of the Kings | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 7/21/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 21-7-2016: Pretium Resources Inc. announces a Resource Estimation report for its Valley of the Kings deposit at the Brucejack project. Updated mineral resource estimate, Measured resource increases by 58%. Vancouver, British Columbia July 21, 2016; Pretiu | |
| Resources: | (Resource, M+I): 16.4Mt @ 17.2g/t Au, 15.0g/t Ag at Valley of the Kings. | |
| CP/QP: | [Resources]: Ivor W.O. Jones (Independent) | |
| ABSTRACT: | Vancouver, British Columbia July 21, 2016; Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) is pleased to report an updated Valley of the Kings Mineral Resource estimate in accordance with National Instrument 43-101 for its Brucejack Project, where construction and development continues on schedule for commissioning of the underground mine in mid-2017. The 2015-2016 Valley of the Kings infill drill program was undertaken to support production planning in the Valley of the Kings and designed to convert Indicated Mineral Resources into Measured Mineral Resources in the areas to be mined in the first three years of the current mine plan (1320-meter level to 1200-meter level) by increasing drill density to 7.5-meter to 10-meter centers. The program, which consisted of 63,740 meters in 367 drillholes, was successful in increasing the Measured Mineral Resources in the Valley of the Kings by 58% to 1.9 million ounces (3.5 million tonnes grading 17.0 grams per tonne gold). The program was also successful in adding Indicated Mineral Resources, with Measured and Indicated Mineral Resources in the Valley of the Kings now totalling 9.1 million ounces of gold (16.4 million tonnes grading 17.2 grams per tonne gold), an increase from the December 2013 Valley of the Kings Mineral Resource estimate of Measured and Indicated Mineral Resources which totalled 8.7 million ounces of gold (15.3 million tonnes grading 17.6 grams per tonne gold). | |
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