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Gold/Mining/Energy : Golden Triangle

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From: klinker7/31/2012 11:35:06 AM
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it ain't an eskay creek sized pod but 10.71 meters of 70 ozs per tonne gold and 46.8 ozs of silver could open up the possibility that a small eskay creek type of zone is embedded in the valley of the kings or somewhere else in the brucejack area.... cross your fingers cause quartermain is releasing the news as fast as a grasshopper fiddling dixie.... he usually opts for accretive bimonthly releases .. something has stirred him up.. and where are the total meters drilled number.. what exactly has got quartermain acting out of his disciplined character... gives me pause for thought

Pretium Resources Inc.: Record High-Grade Gold Interval Extended; Additional High-Grade Results in Valley of the Kings Press Release: Pretium Resources Inc. – 6 hours ago

Companies:

PRETIUM RESOURCES INC. Pretium Resources Inc.

RELATED QUOTES
SymbolPriceChange
PVG.TO14.28+0.27




VANCOUVER, BRITISH COLUMBIA--(Marketwire -07/31/12)- Pretium Resources Inc. ( PVG.TO)( PVG) ("Pretivm") is pleased to report the remaining assays for hole SU-452, which includes the highest-grading gold intersection encountered to date at the Brucejack project, and additional bonanza-grade results from drilling in Valley of the Kings. (See Table 1 below for assays.)

The bonanza-grade interval from hole SU-452 now extends over 10 meters, from a downhole depth of 198.79 meters, with an average grade of:

-- 2,393 grams of gold and 1,605 grams of silver per tonne uncut over 10.71 meters (70.3 ounces gold and 46.8 ounces silver per ton over 35.1 feet). The high-grade interval noted above includes the previously-reported record intercept of 41,582 grams of gold and 27,725 grams of silver per tonne uncut over 0.5 meters (see news release dated July 25, 2012). Hole SU-452 also intersected 1,130 grams of gold per tonne uncut over 0.65 meters from a downhole depth of 150.79 meters.

A total of seven separate intervals grading over 20 grams of gold per tonne were intersected in hole SU-452. To view hole SU-452 on the updated cross section through the Valley of the Kings at section 426625E please visit the following link: media3.marketwire.com.

Other results from the Valley of the Kings include:

-- Hole SU-445 intersected 5,242 grams of gold per tonne uncut over 0.57 meters (152.9 ounces of gold per ton over 1.9 feet); and -- Hole SU-447 intersected 3,660 grams of gold per tonne uncut over 0.54 meters (106.7 ounces of gold per ton over 1.8 feet); and -- Hole SU-434 intersected 2,400 grams of gold per tonne uncut over 0.50 meters (70.0 ounces of gold per ton over 1.6 feet); and -- Hole SU-440 intersected 1,140 grams of gold per tonne uncut over 0.50 meters (33.3 ounces of gold per ton over 1.6 feet). The holes noted above were collared from the far western margin of the Valley of the Kings to the far eastern margin, respectively, with holes SU-434 and SU-440 drilled from the same pad. Also of note is hole SU-458, a 50-meter eastern step-out hole which intersected 433 grams of gold per tonne over 0.5 meters. The Valley of the Kings now extends over 550 meters in length, and remains open along strike and at depth.

Table 1: Selected Brucejack Project Drill Results, July 2012 (SU-431 to SU- 460) (1,4)
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