Pretium Resources Inc.: Valley of the Kings Drilling Continues to Confirm Continuity
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 15, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to report that drill results from its high-grade gold Brucejack Project in northern British Columbia continue to confirm the projection and continuity of high-grade mineralization in the Valley of the Kings. (See Table 1 below for assays).
Selected highlights from the Valley of the Kings include:
- Hole SU-316 intersected 1,855 grams of gold per tonne uncut over 0.54 meters (54 ounces gold per ton over 1.8 feet);
- Hole SU-325 intersected 1,590 grams of gold per tonne uncut over 0.59 meters (46 ounces gold per ton over 1.9 feet).
The high-grade intercept (previously unreported) from hole SU-316 was intersected 566 meters down-hole in an area of projected Inferred mineral resources, and approximately 264 meters down-hole from the previously reported SU-316 intercept of 9,110 grams of gold per tonne uncut over 0.5 meters (see news release dated April 30, 2012). All assays for hole SU-316 have now been reported.
The high-grade intercept from hole SU-325, which occurred in a longer interval grading 169.1 grams of gold per tonne uncut over 9.13 meters, was collared in the eastern area of the Valley of the Kings in the vicinity of holes SU-230 and SU-237 from the 2011 drill program. Step-out holes SU-312 and SU-321 were drilled on the eastern margin of the Valley of the Kings, and confirm the high-grade mineralization is open down plunge to the east.
Hole SU-322 intersected 64.3 grams of gold per tonne over 5.7 meters, 30 meters up dip from the bonanza-grade intercept in hole SU-115 grading 18,755 grams of gold per tonne over 0.6 meters, confirming the projection of high-grade gold along trend.
Hole SU-314, which was drilled as a test of the extension of the R8 Zone in the West Zone, encountered 27.2 grams of gold per tonne over 20.57 meters, demonstrating the potential to add to West Zone mineralization at depth.
Table 1: Selected Brucejack Project Drill Results, May 2012 (SU-311 to SU-325)(1,4)
Hole
No. | Collar
Coords. | Dip/
Azimuth | | From
(meters) | To
(meters) | Interval
(meters) | Gold
(g/t) | Silver
(g/t) | Capping
(2) |
| VALLEY OF THE KINGS |
| SU-311 | 6257885N
426575E | -45/360 | | 389.5 | 392.5 | 3.0 | 10.68 | 244.0 | |
| | | | | 403.0 | 406.0 | 3.0 | 11.83 | 13.40 | |
| SU-312 | 6257849N
426683E | -65/360 | | 320.5 | 342.5 | 22.0 | 15.46 | 39.65 | |
| | | | incl | 339.5 | 342.5 | 3.0 | 96.72 | 50.75 | |
| SU-313 | 6258045N
426680E | -55/180 | | 217.12 | 217.63 | 0.51 | 189.5 | 62.60 | |
| | | | | 307.5 | 309 | 1.5 | 11.60 | 733.0 | |
| SU-315 | 6257885N
426575E | -65/360 | | 260.5 | 262.0 | 1.5 | 727.0 | 411.0 | |
| | | | | 316.0 | 329.5 | 13.5 | 39.29 | 35.52 | |
| | | | incl | 325.0 | 326.5 | 1.5 | 311.0 | 247.0 | |
| SU-316(3) | 6257930N
426473E | -75/30 | | 302.62 | 326.75 | 24.13 | 29.71 | 119.66 | 2 Gold samples cut |
| | | | or | 302.62 | 326.75 | 24.13 | 225.85 | 119.66 | Uncut |
| | | | incl | 302.62 | 303.12 | 0.5 | 9,110 | 4,030 | Uncut |
| | | | incl | 325.95 | 326.75 | 0.8 | 1,035 | 781 | Uncut |
| | | | | 430.28 | 446.62 | 16.34 | 11.35 | 11.00 | |
| | | | incl | 430.28 | 430.86 | 0.58 | 141.0 | 85.00 | |
| | | | | 522.34 | 522.94 | 0.6 | 53.00 | 17.30 | |
| | | | | 566.21 | 566.75 | 0.54 | 1,855 | 586.0 | Uncut |
| SU-317 | 6258105N
426475E | -50/180 | | 211.5 | 221 | 9.5 | 35.55 | 22.34 | |
| | | | incl | 218.0 | 221.0 | 3.0 | 93.20 | 45.10 | |
| SU-318(3) | 6257857N
426500E | -70/270 | | 29.5 | 36.75 | 7.25 | 3.06 | 45.14 | |
| | | | | 61.41 | 71.0 | 9.59 | 42.38 | 68.58 | 1 Gold sample cut |
| | | | | 61.41 | 71.0 | 9.59 | 114.64 | 68.58 | Uncut |
| | | | incl | 61.41 | 62.11 | 0.7 | 1,490 | 856 | Uncut |
| | | | | 261.0 | 262.5 | 1.5 | 47.8 | 67.0 | |
| | | | | 297.5 | 299.0 | 1.5 | 21.7 | 9.8 | |
| SU-319 | 6258090N
426612E | -45/180 | | 174.08 | 177.4 | 3.32 | 25.52 | 28.61 | |
| | | | incl | 176.75 | 177.4 | 0.65 | 120.00 | 60.4 | |
| SU-320(3) | 6257900N
426550E | -45/0 | | 9.56 | 20.82 | 11.26 | 14.88 | 32.87 | |
| | | | incl | 9.56 | 10.06 | 0.5 | 305.0 | 239.0 | |
| | | | | 134 | 135.5 | 1.5 | 29.60 | 8.8 | |
| | | | | 422.5 | 424.0 | 1.5 | 97.7 | 42.2 | |
| SU-321 | 6258100N
426705E | -45/180 | | 161.5 | 169.0 | 7.5 | 12.28 | 10.94 | |
| | | | incl | 161.5 | 163.0 | 1.5 | 52.1 | 25.0 | |
| | | | | 399.47 | 405.5 | 6.03 | 7.52 | 22.81 | |
| SU-322 | 6257975N
426450E | -45/180 | | 25.88 | 31.55 | 5.67 | 64.31 | 67.60 | |
| | | | incl | 25.88 | 27.58 | 1.7 | 37.56 | 31.22 | |
| | | | incl | 30.97 | 31.55 | 0.58 | 514.0 | 528.0 | |
| SU-324 | 6258165N
426475E | -50/180 | | 264.0 | 268.5 | 4.5 | 10.33 | 9.97 | |
| SU-325 | 6258090N
426612 | -55/180 | | 15.36 | 16.53 | 1.17 | 31.40 | 757.0 | |
| | | | | 215.5 | 224.63 | 9.13 | 96.56 | 93.11 | 2 Gold samples cut |
| | | | | 215.5 | 224.63 | 9.13 | 169.1 | 93.11 | Uncut |
| | | | incl | 217.94 | 218.2 | 0.26 | 574.0 | 232.0 | Uncut |
| | | | incl | 224.04 | 224.63 | 0.59 | 1,590 | 744.0 | Uncut |
| | | | | 286.0 | 290.5 | 4.5 | 14.84 | 11.30 | |
| | | | | 395.15 | 395.65 | 0.5 | 124.5 | 62.00 | |
| WEST ZONE |
| SU-314 | 6258863N
426677E | -75/135 | | 289.5 | 310.07 | 20.57 | 27.18 | 398.71 | |
| | | | incl | 299.0 | 302.0 | 3.0 | 85.45 | 854.50 | |
| | | | incl | 306.5 | 309.0 | 2.5 | 104.12 | 1,049.20 | |
| (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: Hole SU-316 intervals 302.62 to 326.75; Hole SU-318 intervals 29.5 to 62.11 and Hole SU-320 intervals 9.56 to 135.5. |
| (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.
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