Dec 12 2012
Pretium Resources Inc. ("Pretivm") is very pleased to report that it has been selected to receive the Bill Dennis Award from the Prospectors & Developers Association of Canada ("PDAC") for advancing the Valley of the Kings at its high-grade gold Brucejack Project in northwest British Columbia.
The 2013 PDAC Bill Dennis Award, which recognizes a Canadian discovery or prospecting success, will be awarded to Pretivm at the PDAC Annual Awards banquet on March 4, 2013 during the PDAC convention in Toronto.
The high-grade gold potential of Brucejack's Valley of the Kings was first discovered in 2009 with a drill hole that intersected 16,949 grams per tonne gold uncut over 1.5 meters. Pretivm began advancing the Valley of the Kings in 2011 and has drilled a total of 174,182 meters to date, with results from the Valley of the Kings continuously delivering significant high-grade gold intercepts, including visible gold.
High-grade gold resources (5.0 grams of gold equivalent per tonne cut-off) for the Valley of the Kings now total 8.5 million ounces of gold in the Indicated Mineral Resource category (16.1 tonnes grading 16.4 grams of gold per tonne) and 2.9 million ounces of gold in the Inferred Mineral Resource category (5.4 million tonnes grading 17.0 grams of gold per tonne). The Valley of the Kings remains open to the east and west along strike and at depth.
"We are honoured to receive the award from our peers, and thank PDAC for this recognition," commented Pretivm's CEO Robert Quartermain. "We have at Pretivm a dedicated team who are excited about the further potential for discovery at Brucejack, and the plans to advance the Valley of the Kings in the coming year.
Source: http://www.pretivm.com/