Pretium Reports on Q4 2013 Highlights

Pretium Resources Inc. (TSX:PVG,NYSE:PVG) reported on its achievements during the fourth quarter of 2013, commenting that in December it announced an updated high-grade mineral resource estimate for the Valley of the Kings; it incorporates all drilling completed there to date.

High-grade gold resources at Valley of the Kings now total 1.2 million ounces of gold in the measured mineral resource category (2 million tonnes grading 19.3 grams per tonne (g/t) gold) and 7.5 million ounces of gold in the indicated mineral resource category (13.4 million tonnes grading 17.4 g/t gold).

Other Q4 2013 highlights include:

  • In early October 2013, processing of the material from the 10,000-tonne Valley of the Kings Bulk Sample Program (‘the Program’) commenced at a custom mill located in Montana; and on October 9th we announced that Strathcona Mineral Services Ltd. withdrew from the Program.
  • Underground exploration work continued in October, including drilling and raises on the Cleopatra Structure and 615L drift; and we announced drill results from Program drilling and the underground exploration program at the Valley of the Kings with a combined total of 19 intersections grading greater than 1,000 grams gold per tonne uncut.
  • On November 22, 2013, we announced production of 4,215 ounces of gold from the 8,090 dry tonnes of excavated Program material processed to date, surpassing the target of 4,000 ounces of gold projected to be produced from the entire 10,000 tonnes of excavated material.
  • On December 2, 2013, we announced the remaining assay results from underground exploration drilling in the Valley of the Kings, including 8 intersections grading greater than 1,000 grams per tonne gold uncut from 6,164 meters of drilling in 46 holes.
  • On December 13, 2013, we announced the completed production of 5,865 ounces of gold from the total 10,302 dry tonnes of excavated material from the Program.

Click here to read the full Pretium Resources Inc. (TSX:PVG,NYSE:PVG) press release.