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Pretium Resources Inc. Message Board

  • uncletizz uncletizz Oct 22, 2013 10:16 AM Flag

    My Favorite PR Quote from Strathcona LMFAO

    "…there are no valid gold mineral resources for the VOK Zone, and without mineral resources there can be no mineral reserves, and without mineral reserves there can be no basis for a Feasibility Study." They also advised that "…statements included in all recent press releases [by Pretivm] about probable mineral reserves and future gold production [from the Valley of the Kings zone] over a 22-year mine life are erroneous and misleading."

    Bend over fellas This is a zero.

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    • RIght. And just remember that Strathcona wanted to reconcile using the results from the sample tower too. Their method showed about 2 gpt but when the material they sample was actually milled it was around 4 gpt. Being off by 91% is a huge, big, highly reliable indicator that Strathcona is the one who got it right. Yes, that makes perfect sense now doesn't it (at least in the bizzaro universe you inhabit).

    • Did you read the press release fully? What about the fact that the Strathcona method (sample tower method) would have generated 96% less than what was recovered from milling?

      Preliminary figures from the processing of the 426585E cross-cut show the contained metal included 281 ounces of gold. It is the opinion of both Pretivm and Snowden that there is a significant difference in the contained gold estimated by the selective sampling of the 426585E cross-cut by the sample tower and the actual contained gold determined by milling the total 2,167 tonnes of material excavated from the 426585E cross-cut (there is 94% more gold produced from the mill than was estimated from the sample tower results for the same material). A related discussion on the sample tower component of the Program, Strathcona's stated reasons for withdrawing from the Program, and Snowden's response is set out below.

 
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