“Preliminary outcomes from Golden Marmot are thrilling and affirm the district-scale potential of the Brucejack property,” president and CEO Jacques Perron stated within the assertion.
Shares jumped on the information and had been buying and selling 6.7% increased in Toronto at C$12.07 by noon. That leaves the miner with a market capitalization of C$2.81 billion ($1.7bn).
The gold mineralization covers a zone that’s about 150m in width, 250m in size and 275m in depth, and happens in the identical host rocks and with the identical alteration signature because the Valley of the Kings deposit. This, based on Pretium, is a sign that it might be a brand new high-grade deposit.
Golden Marmot’s proximity and present path entry would make it comparatively simple to combine into future mine plans as an unbiased supply of ore to provide the Brucejack mill.
“Golden Marmot is simply the primary of a number of zones drill examined this yr with outcomes nonetheless to return from Gossan Hill, Bridge Zone and Hanging Glacier,” Perron stated. “All of those targets have the potential to ship game-changing outcomes and are inside 4km of the Brucejack mine infrastructure.”
Pretium started in June replacing its diesel trucks with a fleet of seven, with the choice of an eight, battery electrical autos (BEVs) at Brucejack. Sandvik began the distribution of its Sandvik Z50 battery-electric haul vehicles in July, with a closing supply date for the whole fleet anticipated in early 2023.
The corporate stated it stays on observe to supply 325,000 ounces to 365,000 ounces of gold at an all-in sustaining value of between $1,060/oz and $1,190/oz in 2021.