Pretium Resources Inc.: More High-Grade Gold From Valley of the Kings Drilling  Press Release: Pretium Resources Inc. – 3 hours ago
Companies:
Pretium Resources Inc. PRETIUM RESOURCES INC.
VANCOUVER, BRITISH COLUMBIA--(Marketwire -07/18/12)- Pretium Resources Inc. ( PVG.TO)( PVG) ("Pretivm") is pleased to report more exceptionally high-grade results as phase two high-definition drilling continues in Brucejack's Valley of the Kings. (See Table 1 below for assays.)
Selected highlights from the Valley of the Kings include:
-- Hole SU-407 intersected 11,067 grams of gold per tonne uncut over 0.5 meters (323 ounces gold per ton over 1.6 feet); and -- Hole SU-393 intersected 3,440 grams of gold per tonne uncut over 0.5 meters (100 ounces gold per ton over 1.6 feet); and -- Hole SU-421 intersected 1,335 grams of gold per tonne uncut over 0.5 meters (39 ounces gold per ton over 1.6 feet). The bonanza-grade intercept from hole SU-407 noted above was intersected approximately 12 meters from surface, and approximately 53 meters southwest from the bonanza-grade intersection in hole SU-115 grading 18,755 grams per tonne gold uncut over 0.6 meters. The intercept from Hole SU-393, drilled in the heart of the Valley of the Kings, was intersected 25 meters west of the intersection in hole SU-376 grading 6,142 grams per tonne gold uncut over 0.65 meters. The intercept from hole SU-421 was intersected 19 meters east of the intersection in hole SU-230 grading 7,420 grams per tonne gold uncut over 1.0 meter.
Drilling in the West Zone continues to expand mineralization down dip, with hole SU-403 intersecting 22.3 grams per tonne gold and 946.6 grams per tonne silver over 5.87 meters.
The updated Brucejack high-grade Mineral Resource estimate to be used as the basis for feasibility study mine planning will incorporate phase two drilling data in addition to the results of phase one in-fill drilling conducted earlier this Spring. The updated high-grade Mineral Resource estimate is expected in the third quarter.
Table 1: Selected Brucejack Project Drill Results, July 2012 (SU-379 to SU-430)(1,3)
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