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Gold/Mining/Energy : Teuton Resources

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From: kidl	11/28/2011 6:50:42 AM
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Pretium Resources Inc.: Significant Increase in Brucejack's Gold Resources VANCOUVER, BRITISH COLUMBIA, Nov 28, 2011 (MARKETWIRE via COMTEX) -- Pretium Resources Inc. ("Pretivm") /quotes/zigman/3308526 CA:PVG -1.87% is pleased to report an updated mineral resource estimate for its wholly-owned Brucejack Project located in northern British Columbia. High-grade and bulk-tonnage gold resources have increased significantly as a result of the update. High-Grade (5.0 grams of gold-equivalent per tonne cut-off) Grade & Tonnage Estimate -- 5.06 million ounces of gold in the Measured and Indicated resource categories (9.3 million tonnes grading 16.92 grams of gold per tonne), for a 460% percent increase; and -- 3.33 million ounces of gold in the Inferred resource category (4.0 million tonnes grading 25.67 grams of gold per tonne). Bulk-Tonnage (1.25 grams of gold-equivalent per tonne cut-off) Grade & Tonnage Estimate -- 8.46 million ounces of gold in the Measured and Indicated resource categories (74.1 million tonnes grading 3.55 grams of gold per tonne), for a 164% percent increase; and -- 6.76 million ounces of gold in the Inferred resource category (78.5 million tonnes grading 2.68 grams of gold per tonne). Bulk-Tonnage Mineral Resource Estimate (0.30 grams of gold-equivalent per tonne cut-off) -- 12.89 million ounces of gold in the Measured and Indicated resource categories (305.3 million tonnes grading 1.31 grams of gold per tonne), for a 57.5% percent increase; and -- 18.20 million ounces of gold in the Inferred resource category (813.7 million tonnes grading 0.70 grams of gold per tonne). Brucejack High-Grade Project -- An update to the Preliminary Economic Assessment (PEA) (see news release dated June 2, 2011) using the updated Brucejack high-grade gold and silver resource is now underway and is planned to be completed in the first quarter of 2012; -- A Feasibility Study for the Brucejack high-grade development opportunity will commence shortly; -- Additionally, a PEA on an integrated high-grade underground and bulk tonnage project is planned to commence later this quarter. More ... http://www.marketwatch.com/story/pretium-resources-inc-significant-increase-in-brucejacks-gold-resou...

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