Final month, Pretium made a new high-grade gold exploration discovery on the Golden Marmot Zone on the Brucejack property in British Columbia, Canada, situated roughly 3.5km north of its Valley of the Kings deposit.
The corporate stated it had received assays for the first nine drill holes, eight of which intersected gold with a spotlight of 53.5m grading 72.5 grams per tonne gold together with 50cm grading 6,700g/t gold and three,990g/t silver.
Brucejack started business manufacturing in July 2017 and is without doubt one of the highest-grade working gold mines on the planet. The Pretivm Technical Report of 9 March 2020 estimated gold manufacturing of 311koz each year at an All-In Sustaining Value of $743 per ounce of gold over a projected 13 yr mine life.
Brucejack and surrounding tenements are inside the conventional territories asserted by the Tsetsaut Skii km Lax Ha (TSKLH) and Tahltan Nation, and within the Nass Space of Nisga’a Nation as outlined within the Nisga’a Closing Settlement.
Brucejack is roughly 140 km from Newcrest’s majority-owned and operated Crimson Chris mine, situated on Tahltan territory. Newcrest will turn into the operator and 100% proprietor of Brucejack following completion of the Transaction which is at the moment focused for Q1 of calendar 2022.
“We’re delighted to be increasing our presence on this extremely potential area in British Columbia. Brucejack is a Tier 1 mine in a Tier 1 jurisdiction and can ship speedy manufacturing, free money stream and earnings diversification to Newcrest and can match seamlessly into our lengthy life, low price portfolio,” Newcrest CEO Sandeep Biswas, said in a media release.
“The mixture of Newcrest and Pretivm will create the main gold miner in British Columbia’s Golden Triangle, working each the Brucejack and Crimson Chris mines,” Biswas stated.