Pretium Resources Inc.: 3,874 Grams Per Tonne Gold Intersection Extends Valley of the Kings West of the Brucejack Fault  Press Release: Pretium Resources Inc. – 6 hours ago
VANCOUVER, BRITISH COLUMBIA--(Marketwire -08/14/12)- Pretium Resources Inc. ( PVG.TO)( PVG) ("Pretivm") is pleased to report that step-out drilling has extended the zone of high-grade gold mineralization in the Valley of the Kings to the west of the Brucejack Fault by over 60 meters.
The bonanza-grade intercept from a downhole depth of 75.62 meters in hole SU-498 includes:
-- 0.5 meters grading 3,874 grams of gold per tonne uncut (1.6 feet averaging 112.9 ounces gold per ton). The intercept from SU-498 noted above is part of a longer interval grading 1,034 grams of gold per tonne uncut over 1.88 meters (6.2 feet averaging 30.2 ounces of gold per ton). Assays for the remainder of hole SU-498 will be reported as they are received.
Hole SU-498 was collared 62 meters west of the Brucejack Fault on section 426223E, along trend and strike of the Valley of the Kings. The bonanza-grade gold interval from Hole SU-498 was intersected 88 meters west of the interval from hole SU-135 which intersected 1,070 grams per tonne gold uncut over 0.5 meters, and 90 meters west and 20 meters north of the interval from hole SU-150 which intersected 6,670 grams per tonne gold uncut over 0.5 meters. A plan view of the Valley of the Kings showing the location of hole SU-498 will be posted on our web site, www.pretivm.com.
To view the Brucejack Property, Valley of the Kings map, please visit:http://media3.marketwire.com/docs/pvg814-F1.pdf.
Seven drills are now turning at Brucejack, and in light of recent drilling success, two additional drills are being mobilized to site.
We believe the Brucejack gold-silver deposits represent (the now eastward tilted and deformed) higher level transitional meso- to epithermal mineralization within the sericitic alteration zone of a telescoped porphyry deposit, with the high-grade gold mineralization at the Valley of the Kings hosted in deformed quartz, quartz-carbonate, and quartz-adularia veins, vein breccias, and stockworks. The 2012 Brucejack Exploration Program continues to confirm our geological interpretation. In turn, our geological interpretation is consistently allowing us to expand the Valley of the Kings mineralization to the east and at depth and now, as evidenced by hole SU-498, to the west of the Brucejack Fault.
Table 1: Selected Intercepts from Drill Hole SU-498, August 2012(1,3,4) ---------------------------------------------------------------------------- Hole Collar Dip/ From To Interval Gold Silver Capping No. Coords. Azimuth (meters) (meters) (meters) (g/t) (g/t) (2) ---------------------------------------------------------------------------- SU- 6257960N 498 426223E -50/360 16.00 17.50 1.50 12.50 11.70 ---------------------------------------------------------------------------- 1 Au sample 75.62 77.50 1.88 136.81 403.83 cut ---------------------------------------------------------------------------- or 75.62 77.50 1.88 1,034 403.83 uncut ---------------------------------------------------------------------------- 75.62 76.12 0.50 3,874 1504.60 uncut ---------------------------------------------------------------------------- (1)True thickness to be determined. (2)Unless otherwise indicated as uncut, all gold assays over 500 g/t were cut to 500 g/t. (3)Assays pending for the remaining 382 meters of SU-498. (4)All samples were submitted for preparation and analysis by ALS Chemex at its facilities in Terrace, B.C. All samples were analyzed using multi- digestion with ICP finish. Samples over 100 ppm silver were reanalyzed using four acid digestion with an ore grade AA finish. Samples over 1,000 ppm silver were fire assayed with a gravimetric finish. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. One in 10 samples was blank, one in 20 was a standard sample, and differing one in 20 samples was a field duplicate one-quarter split core assayed at ALS Chemex in Vancouver, B.C. Assay results for completed drilling will be reported as they are received over the course of the 2012 drilling season.
Kenneth C. McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, Pretium Resources Inc. is the Qualified Person (QP) responsible for the Brucejack Project exploration program.
About Pretivm
Pretivm is creating value through gold at its advanced-staged exploration projects Brucejack and Snowfield, located in northern British Columbia. Pretivm is advancing the high-grade, underground gold opportunity at Brucejack, which hosts a significan |
