Pretium Resources up on a down day for gold

Michael Allan McCrae | December 2, 2013 | 4:57 pm Precious Metals Canada Gold 

The Brucejack property comprises six mineral claims, with the total area of these six claims equalling 3,199.28 ha located
within the Sulphurets District in the Iskut River region, approximately 65 km northnorthwest of the town of Stewart, British Columbia, Canada. Map from InfoMine.

Pretium Resources (TSE:PVG) announced more high grade gold intersections at its Valley of the Kings, which pushed the stock 5.73% higher to $6.12.

While Pretium was rising gold juniors were trending down. The Market Vectors Junior Gold Miners (NYSEARCA:GDXJ) was off 6.92% to $30.92. Spot gold was sharply lower to $1,221.30 as of 3:30 p.m. ET.

Pretium said that eight intersections were greater than 1,000 grams per tonne gold uncut from 6,164 meters of drilling in 46 holes.

Pretium Resources’ listed drill highlights:

  • Hole VU-365 intersected 328.91 grams of gold per tonne uncut over 20.50 meters, including 13,400 grams of gold per tonne uncut over 0.50 meters;
  • Hole VU-369 intersected 96.71 grams of gold per tonne uncut over 44.95 meters, including 7,700 grams of gold per tonne uncut over 0.50 meters;
  • Hole VU-384 intersected 331.99 grams of gold per tonne uncut over 8.00 meters, including 5,210 grams of gold per tonne uncut over 0.50 meters;
  • Hole VU-390 intersected 179.14 grams of gold per tonne uncut over 13.50 meters, including 4,780 grams of gold per tonne uncut over 0.50 meters;
  • Hole VU-397 intersected 175.44 grams of gold per tonne uncut over 10.78 meters, including 3,770 grams of gold per tonne uncut over 0.50 meters;
  • Hole VU-385 intersected 1,200 grams of gold per tonne uncut over 0.50 meters;
  • Hole VU-383 intersected 1,095 grams of gold per tonne uncut over 0.50 meters;
  • Hole VU-391 intersected 1,040 grams of gold per tonne uncut over 0.50 meters.

Read the full news release here.

Pretium Resources Inc. is engaged in mineral exploration with focus on advancing its Snowfield and Brucejack gold projects in northern British Columbia, Canada.

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