These grades are crazy.  There is no mine in development even close to the numbers that PVG is getting in its BruceJack project.  20,000 grams per ton on one of the holes.  I can’t understand why Goldcorp or Agnico hasn’t tried to buy this yet… for some bizarre reason Pretium sold a stream to help with the financing = BAD CHOICE in my opinion.  To put things in perspective, Richmont is going to be mining out Island Gold at an average grade of 8-9g per ton over the next half decade at cash costs of roughly 500$ USD.  If the guys at Pretium are able to execute this is going to be the cheapest gold mine in terms of cost per ounce in the world.

 

Selected drill highlights include:

Hole VU-545 intersected 494.91 grams of gold per tonne uncut over 21.00 meters, including 20,287 grams of gold per tonne uncut over 0.50 meters;
Hole VU-539 intersected 477.29 grams of gold per tonne uncut over 14.22 meters, including 10,700 grams of gold per tonne uncut over 0.50 meters and 2,710 grams of gold per tonne uncut over 0.50 meters;
Hole VU-537 intersected 98.52 grams of gold per tonne uncut over 18.99 meters, including 3,200 grams of gold per tonne uncut over 0.50 meters;
Hole VU-553 intersected 31.17 grams of gold per tonne uncut over 29.00 meters, including 1,535 grams of gold per tonne uncut over 0.50 meters; and
Hole VU-555 intersected 60.13 grams of gold per tonne uncut over 28.00 meters including 1,250 grams of gold per tonne uncut over 0.50 meters, and 2,090 grams of gold per tonne uncut over 0.50 meters.
Holes VU-537, VU-539, VU-553, VU-545 and VU-555 were drilled from the 1270 drill bay. The bonanza-grade interval from hole VU-545 noted above was intersected at the 1225 level.