September 18, 2012 05:00 ET
Pretium Resources Inc.: Valley of the Kings Drilling Encounters Seven Intersections Grading Over 2,000 Grams Per Tonne Gold
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 18, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to report that drilling in Brucejack's Valley of the Kings continues to intersect high-grade gold, with numerous assays grading over 2,000 grams per tonne gold. (See Table 1 below for assays.)
Selected highlights from the Valley of the Kings include:
Hole SU-502 intersected 8,151 grams of gold per tonne uncut over 0.50 meters (237.7 ounces of gold per ton over 1.64 feet);Hole SU-510 intersected 4,673 grams of gold per tonne uncut over 0.59 meters (136.3 ounces of gold per ton over 1.94 feet);Hole SU-526 (previously reported) intersected 4,195 grams of gold per tonne uncut over 1.16 meters (122.3 ounces of gold per ton over 3.81 feet);Hole SU-512 intersected 2,790 grams of gold per tonne uncut over 0.50 meters (81.37 ounces of gold per ton over 1.64 feet);Hole SU-523 intersected:2,370 grams of gold per tonne uncut over 0.50 meters (69.12 ounces of gold per ton over 1.64 feet) and1,060 grams of gold per tonne uncut over 0.80 meters (30.92 ounces of gold per ton over 2.62 feet);Hole SU-524 intersected:2,170 grams of gold per tonne uncut over 0.55 meters (63.29 ounces of gold per ton over 1.80 feet) and2,020 grams of gold per tonne uncut over 0.50 meters (58.92 ounces of gold per ton over 1.64 feet).Hole SU-502 was collared on section 426612E, and the bonanza-grade gold interval noted above is located approximately 35 meters from the interval from hole SU-452 which intersected 41,582 grams of gold per tonne uncut over 0.50 meters. Hole SU-524 was collared on section 426312E, and the intervals noted above were intersected roughly three meters apart at a downhole depth of 124 meters. They are located approximately 46 meters from the interval from hole SU-150 which intersected 6,670 grams per tonne gold uncut over 0.50 meters.
The Valley of the Kings now extends over 800 meters in strike length and is open to the east, west, and at depth. A plan of the Valley of the Kings highlighting the location of the holes noted above is located at media3.marketwire.com.
Nine drills continue turning at Brucejack, with the 2012 Brucejack Exploration Program expected to be completed early in the fourth quarter. A Technical Session discussing the geological model of the Valley of the Kings and the results of the recently-announced Interim Mineral Resource Estimate for the Brucejack Project will be held on Wednesday, September 19th at noon (EST) with a webcast at:http://services.choruscall.ca/links/pretium120919.html.
Table 1: Selected Brucejack Project Drill Results, September 2012 (SU-501 to SU-530)(1,4)
Hole
No. | Collar
Coords. | Dip/
Azimuth | | From
(met-
ers) | To
(met-
ers) | Inter-
val
(met-
ers) | Gold
(g/t) | Silver
(g/t) |
Cap-
ping(2) | | SU-501 | 6257853N
426637E | -70/358 | | 54.00 | 55.50 | 1.50 | 54.80 | 37.60 | | | | | | 278.62 | 279.21 | 0.59 | 258.00 | 418.00 | | | SU-502 | 6258125N
426612E | -53/178 | | 71.50 | 73.00 | 1.50 | 23.90 | 139.00 | | | | | | 109.00 | 112.00 | 3.00 | 6.55 | 241.00 | | | | | | 233.50 | 256.00 | 22.50 | 22.65 | 109.05 | 2 Au samples cut | | | | or | 233.50 | 256.00 | 22.50 | 208.33 | 109.05 | Uncut | | | | incl | 252.02 | 252.52 | 0.50 | 965.00 | 477.00 | Uncut | | | | incl | 254.08 | 254.58 | 0.50 | 8,151 | 4,040 | Uncut | | | | incl | 254.58 | 256.00 | 1.42 | 44.00 | 33.40 | | | SU-505 | 6258228N
426425E | -50/178 | | 46.48 | 46.98 | 0.50 | 37.50 | 13.60 | | | | | | 348.18 | 348.68 | 0.50 | 172.50 | 151.00 | | | SU-507 | 6257813N
426613E | -50/358 | | 266.00 | 284.50 | 18.50 | 23.41 | 15.64 | | | | | incl | 266.00 | 267.50 | 1.50 | 100.00 | 34.90 | | | | | incl | 272.36 | 272.86 | 0.50 | 280.00 | 189.00 | | | | | incl | 283.00 | 284.50 | 1.50 | 81.90 | 55.70 | | | SU-508 | 6257960N
426223E | -63/355 | | 24.00 | 25.00 | 1.00 | 5.29 | 2.90 | | | | | | 76.00 | 77.50 | 1.50 | 5.75 | 24.70 | | | SU-509 | 6258125N
426612E | -56/178 | | 306.55 | 316.69 | 10.14 | 31.48 | 25.53 | | | | | incl | 306.55 | 307.05 | 0.50 | 293.00 | 287.00 | | | | | incl | 316.19 | 316.69 | 0.50 | 340.00 | 179.00 | | | SU-510 | 6257970N
426650E | -50/178 | | 201.16 | 203.00 | 1.84 | 127.09 | 716.11 | 1 Au sample cut | | | | or | 201.16 | 203.00 | 1.84 | 1,504 | 716.11 | Uncut | | | | incl | 201.16 | 201.75 | 0.59 | 4,673 | 2,210 | Uncut | | SU-511 | 6257997N
426175E | -50/356 | | 388.50 | 389.00 | 0.50 | 135.00 | 202.00 | | | SU-512 | 6257775N
426612E | -50/358 | | 77.50 | 80.50 | 3.00 | 8.63 | 42.50 | | | | | | 293.22 | 307.00 | 13.78 | 24.91 | 45.34 | | | | | incl | 293.22 | 293.72 | 0.50 | 301.00 | 138.00 | | | | | incl | 305.50 | 307.00 | 1.50 | 121.00 | 136.00 | | | | | | 365.33 | 366.50 | 1.17 | 165.98 | 151.39 | 1 Au sample cut | | | | or | 365.33 | 366.50 | 1.17 | 1,196 | 151.39 | Uncut | | | | incl | 365.33 | 365.83 | 0.50 | 2,790 | 330.00 | Uncut | | SU-513 | 6257787N
426475E | -50/358 | | 27.00 | 28.50 | 1.50 | 11.95 | 10.10 | | | | | | 129.85 | 131.71 | 1.86 | 81.40 | 53.51 | | | | | incl | 129.85 | 130.40 | 0.55 | 33.60 | 10.10 | | | | | incl | 131.21 | 131.71 | 0.50 | 265.00 | 186.00 | | | SU-514 | 6258075N
426612E | -45/178 | | 101.50 | 103.00 | 1.50 | 10.65 | 20.00 | | | | | | 203.50 | 206.00 | 2.50 | 358.32 | 271.99 | | | | | | 203.50 | 204.77 | 1.27 | 378.00 | 302.00 | | | | | | 204.77 | 206.00 | 1.23 | 338.00 | 241.00 | | | SU-517 | 6257775N
426500E | -50/358 | | 136 | 137.50 | 1.50 | 32.10 | 14.80 | | | SU-518 | 6258112N
426600E | -45/178 | | 34.50 | 36.00 | 1.50 | 10.45 | 80.90 | | | SU-519 | 6258135N
426550E | -48/178 | | 184.00 | 185.50 | 1.50 | 107.00 | 72.60 | | | | | | 250.36 | 252.18 | 1.82 | 163.11 | 310.45 | 1 Au sample cut | | | | or | 250.36 | 252.18 | 1.82 | 451.57 | 310.45 | Uncut | | | | incl | 250.36 | 250.86 | 0.50 | 212.00 | 258.00 | | | | | incl | 251.68 | 252.18 | 0.50 | 1,430 | 844.00 | Uncut | | | | | 459.50 | 461.00 | 1.50 | 61.60 | 87.90 | | | SU-520 | 6257905N
426312E | -60/358 | | 107.32 | 107.85 | 0.53 | 373.00 | 181.00 | | | | | | 180.00 | 181.50 | 1.50 | 9.37 | 5.90 | | | SU-521 | 6258257N
426575E | -49/178 | | 256.50 | 258.00 | 1.50 | 9.94 | 6.90 | | | SU-522 | 6257947N
426173E | -50/357 | | 66.86 | 67.38 | 0.52 | 49.30 | 99.70 | | | | | | 454.50 | 456.00 | 1.50 | 23.30 | 12.00 | | | SU-523 | 6258167N
426500E | -45/178 | | 44.41 | 47.03 | 2.62 | 16.23 | 8.17 | | | | | incl | 44.41 | 44.91 | 0.50 | 37.50 | 26.30 | | | | | incl | 46.53 | 47.03 | 0.50 | 44.10 | 6.80 | | | | | | 209.00 | 214.50 | 5.50 | 42.19 | 110.53 | 1 Au sample cut | | | | or | 209.00 | 214.50 | 5.50 | 223.09 | 110.53 | Uncut | | | | incl | 209.00 | 210.50 | 1.50 | 24.80 | 15.80 | | | | | incl | 212.65 | 213.15 | 0.50 | 2,370 | 1,140 | Uncut | | | | | 313.00 | 313.80 | 0.80 | 1,060 | 480.00 | Uncut | | | | | 371.55 | 372.05 | 0.50 | 73.10 | 33.30 | | | SU-524 | 6257891N
4263125E | -60/358 | | 124.39 | 127.99 | 3.60 | 111.90 | 207.95 | 2 Au samples cut | | | | or | 124.39 | 127.99 | 3.60 | 613.15 | 207.95 | Uncut | | | | incl | 124.39 | 124.89 | 0.50 | 2,020 | 949.00 | Uncut | | | | incl | 127.44 | 127.99 | 0.55 | 2,170 | 491.00 | Uncut | | | | | 171.82 | 172.32 | 0.50 | 71.00 | 62.00 | | | SU-525 | 6257829N
426475E | -50/358 | | 47.71 | 50.24 | 2.53 | 99.03 | 102.29 | | | | | incl | 47.71 | 48.21 | 0.50 | 69.10 | 209.00 | | | | | incl | 48.89 | 49.58 | 0.69 | 306.00 | 207.00 | | | SU-526(3) | 6258096N
427000E | -57/178 | | 320.5 | 339.5 | 19.0 | 18.3 | 11.7 | 1 Au sample cut | | | | or | 320.5 | 339.5 | 19.0 | 24.9 | 11.7 | Uncut | | | | incl | 320.5 | 321.0 | 0.5 | 150.0 | 90.0 | | | | | incl | 332.86 | 333.36 | 0.5 | 752.0 | 290.0 | Uncut | | | | | 400.71 | 401.87 | 1.16 | 4,195 | 2405 | | | SU-527 | 6257845N
426362E | -50/358 | | 71.67 | 75.00 | 3.33 | 39.73 | 45.06 | | | | | incl | 72.24 | 73.07 | 0.83 | 57.20 | 76.70 | | | | | incl | 73.07 | 73.57 | 0.50 | 143.00 | 70.50 | | | SU-529 | 6258197N
426600E | -45/178 | | 51.70 | 54.61 | 2.91 | 44.60 | 17.23 | | | | | incl | 51.70 | 52.21 | 0.51 | 95.10 | 31.80 | | | | | incl | 54.11 | 54.61 | 0.50 | 159.50 | 58.70 | | | | | | 83.00 | 83.50 | 0.50 | 30.80 | 2.90 | | | | | | 365.92 | 367.81 | 1.89 | 112.00 | 161.60 | 1 Au sample cut | | | | or | 365.92 | 367.81 | 1.89 | 331.58 | 161.60 | Uncut | | | | incl | 365.92 | 366.42 | 0.50 | 1,210 | 582.00 | Uncut | | | | incl | 367.31 | 367.81 | 0.50 | 40.10 | 15.50 | | | SU-530 | 6257759N
426625E | -55/358 | | 20.36 | 20.86 | 0.50 | 19.70 | 17.60 | | | | | | 333.00 | 334.50 | 1.50 | 10.95 | 4.00 | | | | | | 491.00 | 492.50 | 1.50 | 27.80 | 136.00 | |
| (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) | Previously reported. | | (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 and fire assay with AA finish for gold. Samples over 100 ppm silver were reanalyzed using four acid digestion with an ore grade AA finish. Samples over 1,500 ppm silver were fire assayed with a gravimetric finish. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. One in 20 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. The assays for all holes after SU-466 will be incorporated in the final 2012 Mineral Resource estimate for the Brucejack Project expected later in the fourth quarter of 2012 or in the first quarter of 2013.
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 high-grade gold Brucejack Project, located in northern British Columbia. Brucejack hosts a major undeveloped high-grade gold resource and mineralization remains open in all directions. A feasibility study for a high-grade underground mine in Brucejack's Valley of the Kings is underway and expected in the second quarter of 2013.
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