Jan 11 2011
Pretium Resources Inc. (TSX:PVG) has reported that, with the completion of the acquisition on December 21, 2010 of the Snowfield project and Brucejack project from Silver Standard Resources Inc., all drill hole interval assay data from the drilling completed on the Projects from 2006 to 2010 have been posted to Pretivm's website.
In the Brucejack section, Pretivm has also posted a tabulation of all uncut gold assay intervals grading over three grams per tonne intersected in the 2009 and 2010 drilling campaign at Brucejack.
In 2010, 51,100 meters of drilling was completed on the Projects. Pretivm is now incorporating this drill and assay data into the resource models for the Projects.
For Snowfield, an update of the September 2010 resource estimate is being prepared incorporating the approximately 18,000 meters of drilling in 44 drill holes completed in 2010.
For Brucejack, two resource estimates are being prepared incorporating the 33,100 meters of drilling in 73 drill holes completed in 2010: a higher-grade resource estimate focusing on gold mineralization grading greater than three grams of gold per tonne; and an update of the December 2009 bulk tonnage resource estimate.
All three of these resource estimates are expected to be completed in the first half of 2011 and are Pretivm's current priority.
The results of these resource estimates are intended to be used to design the 2011 exploration program and to be incorporated into engineering studies. Pretivm expects to have a significant drill program in 2011 focusing on the high-grade aspect of Brucejack and has seven drills currently reserved for that program.
Pretivm is also compiling all available data for incorporation into its planned pre-prefeasibility study on the Projects' bulk tonnage opportunity as a follow-up to the Technical Report and Preliminary Assessment of the Snowfield-Brucejack Project as presented by Wardrop Engineering Inc., dated October 28, 2010.