Pretium Resources Inc. (TSX:PVG) (NYSE: PVG) announced high-grade gold mineralization has been intercepted in the first resource expansion drill program completed at the Brucejack Mine since commercial production commenced in 2017.
“These initial results validate our view that there is exciting extension potential at the North Block Zone of the Valley of the Kings deposit at Brucejack,” said Jacques Perron, President and Chief Executive Officer of Pretivm. “In 2020 we made a commitment to significantly increase our resource expansion and exploration efforts going forward, and these results from this first phase certainly support that investment.”
High-grade gold mineralization was identified in three new areas during Phase 1 drilling of the North Block Zone. Four intersections assayed above 1,000 grams per tonne gold. Results include high-grade gold mineralization intercepts up to 300 meters from the current resource shell, including 19.3 grams per tonne gold over 9.0 meters in VU-2792 and 2,590 grams per tonne gold over 1.0 meter in VU-2794.
The North Block Zone is located directly to the north of the Valley of the Kings deposit. The 2020 mineral resource expansion program was designed to test for Valley of the Kings style mineralization to the north and at depth. Phase 1 of the program was drilled from the 1050 level in the mine to target an area extending up to 300 meters north of the current resource shell. Phase 2 of the program was also drilled in 2020 to target an area up to 450 meters north of the current resource shell, and those drill results are pending.
North Block – Phase 1 Results
Phase 1 of the North Block resource expansion program comprised 7,011 meters in 38 drill holes. Drilling identified three new zones: (1) an extension of the Domain 13 Stockwork, which is currently being mined in the Valley of the Kings, (2) a newly identified corridor of gold mineralization in the footwall of the Domain 13 structure, located 300 meters north of the current resource shell, and (3) a previously unidentified zone of gold mineralization located within 50 meters of existing development.
For a plan and section view of the 2020 North Block Phase 1 program please see the following link:
Significant drill results are shown below:
Stephanie Wafforn, P.Geo., Pretivm’s Resource Manager is the Qualified Person, as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects, responsible for the Mineral Resource expansion drill program and has reviewed and approved the scientific and technical information in this news release related thereto.
Table 1: Selected North Block Phase 1 Results, February 2021 (VU-2653 to VU-2831)(1,2)
|Drill Fan 1050_P1_L1|
|Drill Fan 1050_P1_L2|
|Drill Fan 1050_P1_L3|
|VU-2794||-34/020||133.4||134.4||1.0||2590.0||1725 g/t Silver|
|Incl||48.0||49.0||1.0||941.0||1140 g/t Silver|
|Drill Fan 1050_P1_L4|
|Drill Fan 1050_P1_L5|
(1) True thickness to be determined.
(2) All samples were submitted for preparation and analysis by ALS Chemex at its facilities in Terrace, B.C. All samples were analyzed using multi-digestion with ICP-MS finish and fire assay with AA finish for gold. Samples over 100 ppm silver were reanalyzed using four acid digestion with an ore grade AA finish. Samples over 1,500 ppm silver were fire assayed with a gravimetric finish. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. One in 20 samples was blank, one in 20 was a standard sample, and one in 20 samples had a sample cut from assay rejects assayed as a field duplicate at ALS Chemex in North Vancouver, B.C. ALS Chemex is independent of Pretivm.
Pretivm is an intermediate gold producer with the high-grade gold underground Brucejack Mine.
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