Pretium Resources Inc. (
) shares are up 7% following the company's report of drilling
results at its high-grade gold Brucejack Project in northern
British Columbia. Drilling results from the ongoing program at the
Valley of the Kings, showed a number of assays with more than 1,000
grams per tonne gold.
A total of 26,230 meters of drilling in 60 holes has been
completed in this first phase of the 2012 Brucejack Exploration
Program, which has now concluded, an updated resource estimate for
Brucejack is expected in the third quarter and will be used in the
feasibility study currently underway.
Phase two of the 2012 Brucejack Exploration Program is now
underway and focused on high-grade definition drilling of the
shallow high-grade resources at the Valley of the Kings and testing
extensions of the Valley of the Kings and other high-grade
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