Graham Farquharson (Canadian Mining Hall of Fame)

Graham Farquharson (Canadian Mining Hall of Fame)

Graham Farquharson of Strathcona Mineral Services tells The Northern Miner why his company made such a stink about Pretium (TSX:PVG)'s resource model and bulk sample test, ultimately resigning from the project.

"Farquharson does not believe that Brucejack is a fraud. He does believe the resource model is wrong and that the actual resource at Brucejack could only support a much smaller mine."

"The big challenge with that project has always been: how far do you extract the latent values from the very high grade assays that are scattered throughout the deposit? It's a very difficult assignment knowing how far to extrapolate those spectacular assay results."

"TNM: If you were suddenly in charge of the project, what would you think is the correct path forward for the project from here?

GF: I mean it's obviously a very interesting gold occurrence. Yes, and we told them that it has an excellent chance of being a small tonnage, high grade mine mining in the Cleopatra vein and a couple of other similar occurrences that they found in the last drilling program. If they lined all those up, there's an excellent chance that they could have a small tonnage, high grade gold mine. But they will not have a mine producing 425,000 ounces a year for the next 20 years as they have been advertising so far."

Read more: http://www.northernminer.com/news/strathconas-farquharson-responds-to-pretiums-bulk-sample-result/1002752061/

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