What the official pre. prospectus says: Part 1Copy & paste from Pretium's official document on SEDAR. Colour marks added by me.
Exploration Assets
Our exploration and evaluation assets are the Snowfield Project, the Bowser Claims and the PPDD Project.
Snowfield Project
We have a 100% interest in the Snowfield Property which borders Brucejack Mine to the north and is comprised of one mineral claim with an area of 1,217 hectares. The Snowfield Project mineral claim is in good standing until 2030 and we continue to conduct baseline environmental studies for potential future development. The Snowfield Project represents a longer-term gold opportunity for our shareholders. Although we do not have a development plan as yet for the Snowfield Project, we plan to continue to explore the area and have budgeted for additional environmental studies which will benefit both Brucejack and Snowfield Projects.
Bowser Claims
The Bowser Property is located southeast of the Brucejack Mine and comprises 1,220 square kilometres. An extensive regional exploration campaign was initiated in 2015 to identify mineralized zones similar to the Valley of the Kings Zone or Eskay Creek deposits. To date, the comprehensive regional exploration program has included the collection of over 15,700 samples, regional mapping, prospecting, airborne geophysics, ground geophysics, hyperspectral mapping, and data compilation. The 2019 exploration program included 19,850 metres of drilling, completed by four drills. Drilling focused on testing high-priority targets across the Bowser Property, including a potential Eskay Creek style volcanogenic massive sulphide (“VMS”) system in the A6 Zone, a structurally controlled intrusion-related gold system at the Koopa Zone, a porphyry copper-gold system in the Haimila Zone, and Brucejack-style epithermal system in the Tuck and American Creek Zones. The most promising results of the 2019 program were encountered at the A6 Zone.
The A6 Zone is located approximately 14 kilometres northeast of the Brucejack Mine. A prospecting and mapping program in 2018 outlined an area with stratigraphy consistent with a paleo-rift environment, favorable to the formation of Eskay Creek-style VMS systems. Drilling in 2019 included 17 drill holes totaling 8,340 metres and identified a buried rhyolite dome capped by a mudstone unit locally anomalous in arsenic and mercury. The rhyolite dome is up to 200 metres thick, at least 500 metres wide and 2 kilometres long, and remains open to the north and south. The rhyolite is intensely sericite altered, hosts pyrite stringer zones, and locally hosts 12 anomalous copper and silver values. In two drill holes peripheral to the rhyolite, narrow structural intersections of high-grade silver and copper mineralization were found. The alteration and geochemistry further indicate potential for hosting an Eskay Creek-style VMS system at the A6 Zone. Follow-up drilling will test along the strike of the rhyolite to fully define the limits of the dome and to look for paleo vent zones, which are expected to be marked by the accumulation of massive sulphides.
The Koopa Zone, located approximately 30 kilometres east-southeast of the Brucejack Mine, hosts a structurally controlled quartz, pyrite and arsenopyrite vein system that cross-cuts sericite altered Iskut River Formation. The trace element geochemistry is indicative of an intrusion related gold system. A total of 5,771 metres of drilling in 13 holes was completed in 2019 testing along strike from the 2018 drilling. This drilling defined a 300-metre-long deformation zone that hosts low-grade gold in veins and vein margins. The mineralized zone is northwest-southeast trending and is open to the northwest and at depth. Follow-up drilling to target high-grade gold at depth in the Koopa Zone is planned for 2020.
The Haimila Zone is located approximately 20 kilometres southeast of the Brucejack Mine where surface sampling over the previous two field seasons had found numerous discontinuous quartz-sulphide veins that contain anomalous values of gold and copper. On the west side of the Haimila Glacier, these veins are associated with zones of strong propylitic and phyllic alteration, which are believed to be porphyry-related. Two drill holes totaling 531 metres tested the alteration zone in 2019. Both holes intersected up to 100 metres of phyllic alteration anomalous values of gold and copper throughout. Follow-up drilling to test the copper-gold porphyry potential in the Haimila Zone is planned in 2020.
At the Tuck Zone, a total of five drill holes tested a 400-metre-long section of the zone in 2019, all of which intersected a flat lying bed of intensely altered volcanics that contained low-grade gold associated with pyrite. Follow-up work will include testing for structurally hosted, high grade gold mineralization. Anomalous gold and copper results at the American Creek and Canoe Zones will continue to be evaluated for potential follow-up.
The 2020 regional exploration program is expected to primarily focus on exploration for an Eskay Creek style volcanogenic massive sulphide mineralization at the A6 Zone, for intrusion related gold mineralization at the Koopa Zone, and for epithermal and porphyry related gold mineralization elsewhere on the property. We anticipate commencing the exploration program in the second quarter of 2020 on the assumption that the restrictions related to the COVID-19 pandemic have been lifted.
PPDD Project
The PPDD Project is a deep underground exploration program involving the testing of the extent of Brucejack-style mineralization and the porphyry potential directly below the Brucejack Mine at depth.
In early 2019, as part of the PPDD Project and based on the previous drill results and follow-up geophysical program and mineral chemistry evaluation, two deep holes were drilled to further test the porphyry potential below the Valley of the Kings Zone and the Flow Dome Zone. Both holes encountered Brucejack-style, gold-silver bearing quartz carbonate stockwork, and intersected anomalous copper and molybdenum mineralization at depth, indicative of a porphyry and similar to that noted in the 2018 deep exploration drilling. As a follow up, a third deep hole with a length of 1,677 metres was drilled northeast under the Valley of the Kings Zone deposit in 2019. Hole VU-2019, drilled at a minus 85 degree angle from the 1130 m Level in the Valley of the Kings Zone underground development, intersected two zones of anomalous copper and molybdenum mineralization at depth, indicative of porphyry-style mineralization and similar to that encountered during the 2018 deep exploration drilling. The first intersection, between 1,130 metres to 1,330 metres down hole, corresponds to a zone of propylitic alteration with sporadic intersections of tourmaline, porphyry-style veinlets, and intermediate dikes. The second intersection, between 1,400 metres to 1,675 metres down hole, corresponds to a zone of variable phyllic, propylitic, and sodic-calcic alteration. Geological observations noted in VU-2019 indicate an increased proximity to porphyry-style mineralization compared to the previous deep drilling.
Based on a review of the results of Hole VU-2019 in conjunction with results from previous deep underground exploration drilling and geophysical data, a fourth drill hole was initiated to target the porphyry potential to the northwest of drill hole VU-2019.
In addition, hole VU-2019 intersected several zones of Brucejack-style veining and alteration from the collar to a depth of 980 metres down hole. The three deep holes drilled as part of the PPDD Project in 2019 were drilled in an area uninformed by previous drilling, suggesting the potential extension of Brucejack-style mineralization at depth below the Brucejack Mine.
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I think it gets time for Pretium to explain all these hidden treasuries in a modern style to the public and to the shareholders. We shareholders gave the money for all the work being done so far on these projects. Take Rudi Fronk from Seabridge or the Skeena Corporate video as a positive examples.[url=https://www.youtube.com/watch?=fzX0NXcWA3s]https://www.youtube.com/watch?v=fzX0NXcWA3s[/url]
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And do not listen to the misleading postings of the shorters which come now on this board. They desperately try to spread misleading doubts and questions here. They are caught now ! More than 14.7 million PVG shares are short...
Means the shorters are now in the fire with more than 120 million USD !
Potential 600 million USD stand soon against them.