pretium loses 5 million ozs of gold somewhere..... no wonder they added more drill results to make the tough medicine go down... Quartermain must be choked... i know i am and will need to see why wardrop slashed its own previous estimates
Pretium Resources Inc.: Updated, Interim High-Grade Mineral Resource Estimate Completed for Brucejack Project
VANCOUVER, BRITISH COLUMBIA, Sep 07, 2012 (MARKETWIRE via COMTEX) -- Pretium Resources Inc. is pleased to report an updated, interim high-grade Mineral Resource estimate for its wholly-owned Brucejack Project, completed by Snowden Mining Industry Consultants ("Snowden") independent Qualified Persons. The Mineral Resource estimate, which reflects refined resource modelling as a result of infill drilling, will be used as the basis for feasibility study mine planning now underway.
The September 2012 estimate has been based on a consolidated interpretation prepared by geologists from Pretivm and Snowden to cover the drilled part of the Brucejack property. Of significance to the new interpretation is that the mineralized domains have been better defined and more tightly constrained than the previous estimate. On top of this, the new interpretations and model have been prepared including results of drilling information which comprises, since the April 2012 Mineral Resource estimate, an additional 175 drillholes (55,849 meters), into the Valley of the Kings. This has resulted in increased confidence in the definition of the mineralized zones, and subsequent increased confidence in the estimated Mineral Resource.
Valley of the Kings High-Grade Gold Mineral Resources
High-grade gold resources in the Valley of the Kings (5.0 g/t gold-equivalent cut-off) total:
-- 5.1 million ounces of gold in the Indicated Resource category (9.9 million tonnes grading 16.2 grams of gold per tonne); and -- 5.1 million ounces of gold in the Inferred Resource category (4.6 million tonnes grading 35.0 grams of gold per tonne). The Mineral Resource estimate incorporates drilling up to hole SU-466, with ongoing drilling at the Brucejack Project currently up to hole SU-547. The Valley of the Kings now extends over 800 meters in strike length, and the Mineral Resource is defined over approximately 450 meters of the 800 meters of strike length. A majority of the Mineral Resource in the upper portion of the Valley of the Kings, between the 1200 meter and 1500 meter levels, is in the Indicated Resource category. An isometric view of Snowden's updated Valley of the Kings block model along with current drilling not included in this block model is available at media3.marketwire.com . |
