Canadian Mining Journal

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Pretium explores porphyry potential at Brucejack



VANCOUVER — Warwick Board, chief geologist at Pretium Resources (TSX: PVG; NYSE: PVG), says excitement is building for exploration at the company’s Brucejack project in northwestern B.C., as his team zeroes in on discoveries within a district that compares in metal content to Grasberg, the world’s largest gold mine in Indonesia.

“One of the things I always thought about before I moved to Canada is just how spectacular the rest of the Cordillera is from Chile, Peru and to Arizona,” Board tells The Northern Miner during a phone interview. “At the time it didn’t make sense why we’re not finding the same mineral wealth here in Canada, but now I think, ‘Wow, we’re on the edge of finding another massive mineral province with big potential’.”

The company has explored its 1,030 km2 Brucejack property with a 20,000-metre drill program this year despite already preparing its Valley of the Kings (VOK) gold deposit on the Brucejack property for commercial production in 2017.

The epithermal, vein hosted Valley of the Kings deposit boasts proven and probable reserves of 6.9 million oz of gold and 4.6 million oz of silver, within 13.6 million tonnes of 15.7 g/t Au and 11 g/t Ag, assuming US$1,100 per oz gold and US$17 per oz silver.

Read the complete article at NorthernMiner.com/news/pretium