Get the Latest Investment Ideas Delivered Straight to Your Inbox.

News Update

TICKERS: PVG

Gold Producer Summarizes 2018 Results from British Columbia Exploration
News Update

Source:

The Canadian company has a roughly 70,000-meter drill program planned for 2019.

Brucejack Exploration Summer 2018

Pretium Resources Inc. (PVG:TSX; PVG:NYSE) provided an update, in a news release, on 2018 exploration activities at its Bowser claims in British Columbia and outlined 2019 follow-up plans for that area and the Valley of the Kings.

Recent exploration efforts included 8,000 meters of drilling on the 1,200 square kilometer Bowser claims, which are east of the Brucejack mine and encompass the American Creek, Bluffy, Koopa and Upper Kirkham zones.

Overall, the results "confirm the presence of Brucejack-style, high-grade gold mineralization hosted in broad zones of low-grade stockwork, highlighting the potential for discovery of porphyry-related copper-gold mineralization and high-level epithermal mineralization on the property," the company noted. Results from the follow-up geophysical program are being processed.

As for specific zones, at American Creek, 25 kilometers (25 km) southeast of Brucejack, drilling intersected broad areas of low-grade mineralization at the north end along with an upper expression of a polymetallic epithermal vein system near the center. Assay highlights included 1.82 grams per ton (1.82 g/t) gold over 6.6 meters (6.6m), including 9.19 g/t gold and 196 g/t silver over 0.74m, in hole BR-001.

Drilling at Bluffy, 30 km south-southeast of Brucejack, hit "broad zones of low-grade gold hosted in shear zones, which contain narrow veins of high-grade gold and base metal values," according to the release.

Koopa, 30 km east-southeast of Brucejack, showed a "structurally controlled epithermal system appears to be overprinting a volcanogenic massive sulfide (VMS)-style alteration system," components of which suggest a large mineralization system.

At Upper Kirkham, 4 km southwest of the Bowser camp, drilling intersected "epithermal-style polymetallic veins with strong quartz-sericite pyrite alteration halos." Assays from the zone contained gold grades as high as 3.55 g/t, silver grades higher than 10,000 g/t, 4.71% copper, +20% lead and 3.81% zinc.

As for exploration next year, in 2019, Pretium intends to drill the Bowser claims areas that it tested in 2018, continuing, in large part, to delineate Eskay Creek-style VMS mineralization in the preserved Salmon River Formation. Along with regional exploration, the company plans three to four targeted drill holes to further evaluate the porphyry potential beneath the Flow Dome zone.

Finally, at the Valley of the Kings, the gold miner will drill in the areas to the east, west and northeast of the current resource and at depth with the goal of expanding it.

[NLINSERT]

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are sponsors of Streetwise Reports: Pretium Resources. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own shares of Pretium Resources, a company mentioned in this article.




Want to read more about Gold and Silver investment ideas?
Get Our Streetwise Reports Resources Report Newsletter Free and be the first to know!

A valid email address is required to subscribe