Canadian Mining Journal


GOLD: Valley of Kings continues to yield high grades for Pretium

BRITISH COLUMBIA – Vancouver-based Pretium Resources doesn’t drill many low grade holes at the Valley of the Kings deposit at the Brucejack project 60 km north of Stewart. The latest assay results – with five intersections greater than 1,000 g/t – are no exception.

Here are the highlights:

  • Hole VU-644 intersected 59.13 g/t Au uncut over 38.04 meters, including 2,390 g/t over 0.50 meters and 1,850 g/t over 0.50 meters;
  • Hole VU-650 intersected 86.34 g/t Au uncut over 19.09 meters, including 3,280 g/t over 0.50 meters;
  • Hole VU-658 intersected 55.87 g/t Au uncut over 9.48 meters, including 1,040 g/t over 0.50 meters; and,
  • Hole VU-665 intersected 68.60 g/t Au uncut over 14.72 meters, including 1,975 g/t over 0.50 meters.

Pretium is preparing the Valley of the Kings for commercial production in 2017. In 2014 the company outlined proven and probable reserves of 13.6 million tonnes grading 15.7 g/t Au and containing 6.9 million oz of gold. Precious metals mineralization occurs as coarse electrum in several generations of quartz-carbonate veins and vein breccias. Sulphide mineralization is present in most of the veins with pyrite, sphalerite, galena, chalcopyrite, and pyargerite being most commonly present, according to the Pretium website.

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