Pretium's Brucejack Camp located 65km north of Stewart in British Columbia

Pretium’s Brucejack Camp located 65km north of Stewart in British Columbia

Pretium Resources (PVG:TSX) released more stellar high-grade results from its Brucejack project  located 65km north of Stewart, BC.  The results come from the resource zone known as the Valley of the Kings which hosts the company’s world-class 6.6 million ounces of gold at an average grade of 13.6g/t gold.  The Company is currently performing an underground bulk sampling program in order to complete a feasibility study on the project after releasing its pre-feasibility study in June 2013 which showed a robust project with a pre-tax NPV(5%) of US$2.7 billion.  The highlights of this batch of assays include 5.18m of 1,065g/t gold including 0.5m of 10,850g/t gold.

These types of results highlight the fact that the system is compiled of narrow and extremely high-grade veins with the remainder being lower grade material.  In order to improve the economics in the feasibility study even further, the company is working to show there is more continuity of grade within the system.  The program is nearing its 15,000m target and is currently at 13,750m of total sampling.  They have removed roughly 8,600 tonnes of the 10,000 tonne they are allowed to extract in this type of sampling.

News Release here: Bulk Sampling Program Continues to Confirm Projection of Mineralized Domain