| Risk and valuation analysis of the Snowfield (SULPHURETS) Project |
| Status Risk : Advanced discovery |
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| Title(s) of the Snowfield (SULPHURETS) Project |
 | Pretium resources Inc.
Owner: 100% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Dec 21, 2010 : Pretium has entered into an agreement to purchase the Snowfield Project and the Brucejack Project in British Columbia, Canada from Silver Standard Resources Inc. (Silver Standard) for total consideration of $450 million, payable by a minimum of $215 million in cash and the balance by way of Pretium common shares valued at the IPO offering price |
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| Location of the Snowfield (SULPHURETS) Project |
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The property is located 65 kilometers north-northeast of Stewart, British Columbia, along the eastern margin of the Coast Mountain Range. Access to the property is currently by helicopter, although the Eskay Creek Mine access road lies approximately 25 kilometers to the northwest.
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| History of the Snowfield (SULPHURETS) Project |
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Four mineralized zones were located between 1980 and 1993, which include the Snowfield Gold Zone. Ten historical drill holes in the Snowfield Gold Zone indicated potential for a bulk tonnage, gold-molybdenum resource.
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| Geology of the Snowfield (SULPHURETS) Project |
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The property is underlain by Jurassic volcanics, volcanoclastics, and sedimentary rocks of the Hazelton Group. The host rocks of the mineralization have been subjected to a pervasive propylitic to quartz-sericite alteration. During the summer of 2006 more...
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