High grade gold intercepts extend Brucejack potential for Pretium

The resource expansion drill program completed at the Brucejack mine has returned high grade gold for Pretium Resources (TSX:PVG; NYSE:PVG). This is the first expansion drilling project since the mine began production in 2017.

High grades were drilled in three new areas of the North Bock zone, including four assays above 1,000 grams gold per tonne. The results include intercepts up to 300 meters from the current resource shell, including 19.3 grams gold over 9.0 meters, including 103.5 grams over 1.5 metres in VU-2792; and 2,590 grams gold over 1.0 meter in VU-2794.

Cross-section of the Brucejack gold mine with drill hole locations at depth in the North Block zone. Credit: Pretium Resources.

Although true thickness has yet to be determined, other exceptional results from the North Block zone include: 11.3 grams gold over 27.0 meters, including 252.0 grams over 1.0 meters and 1,045.0 grams over 1.0 meter in VU-2661; 2,100.0 grams gold over 1.0 meter in VU-2666; 80.7 grams gold over 12.0 meters, including 941.0 grams over 1.0 meters in VU-2797; 136.5 grams gold over 7.5 meters, including 861.0 grams over 1.0 meter in VU-2800; and 124.0 grams gold over 9.0 meters, including 1,110.0 grams over 1.0 meters in VU-2827.

"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 president and CEO Jacques Perron said in a release. "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."