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Pretium Resources drills 1,635 g/t gold at Brucejack

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(Kitco News) - Pretium Resources (TSX: PVG; NYSE: PVG) today announced that underground exploration drilling conducted in 2020 from the 1080 Level, one of the lowest mining levels at the Brucejack mine (British Columbia), intercepted high-grade gold mineralization at depth and to the east of the Valley of the Kings deposit.

The company said that drilling on the 1080 Level East and 1080 Level West intercepted high-grade gold mineralization up to 200 meters below and 200 meters east of the current Mineral Resource shell. Four intersections assayed above 1,000 grams per tonne gold.

Best drill intersects include 245.9 grams per tonne gold over 7.5 meters, including 1,635 grams per tonne gold and 1,465 grams per tonne silver over 1.0 meter in VU-2421 and 1,400 grams per tonne gold and 1,310 grams per tonne silver over 1.0 meter in VU-2397.

The company noted that these results continue to highlight the potential to extend beyond the defined resource and confirm that the Valley of the Kings deposit remains open at depth.

President and CEO Jacques Perron added, "A new extension of gold mineralization was also intercepted immediately to the east of the existing underground infrastructure that could provide easy access for future development. Our follow-up underground resource expansion drill program is currently underway, and we look forward to announcing the next set of drill results."

The Brucejack mine is a high-grade gold underground mine located in northwestern British Columbia, approximately 65 kilometers north of Stewart. A year-round, all-weather access road connects the mine to Highway 37. The mine has produced 1,230,644 ounces of gold since it began commercial operation in July 2017.

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