The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Pretium Resources Inc. July 21 published an updated mineral resource estimate for the Valley of the Kings deposit at its Brucejack gold project in northwestern British Columbia, where construction and development continues on schedule for commissioning of the underground mine in mid-2017.
Over the past two years, Pretium has drilled 367 holes (63,740 meters) aimed at upgrading indicated resources in the areas to be mined in the first three years of the current mine plan to the measured category.
As a result of this drilling, the measured resource in the Valley of the Kings has increased by 58 percent to 3.5 million metric tons averaging 17 grams per metric ton (1.9 million ounces) gold.
The program added to the indicated mineral resource, with measured and indicated mineral resources in the Valley of the Kings now totaling 16.4 million metric tons grading 17.2 g/t (9.1 million oz.) gold, a slight increase from the 15.3 million metric tons averaging 17.6 g/t (8.7 million oz.).The Valley of the Kings remains open to the east and west along strike, and at depth.
Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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