Pretium Resources Inc.: Continued High-Grade Results From Valley of the Kings Drilling
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 6, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to report results from drilling at its high-grade gold Brucejack Project in northern British Columbia which continue to confirm the projection and continuity of high-grade mineralization in the Valley of the Kings, and include a significant number of assays grading over 1,000 grams per tonne gold. (See Table 1 below for assays).
Selected highlights from the Valley of the Kings include:
- Hole SU-345 intersected:
- 2,470 grams of gold per tonne uncut over 0.7 meters (72 ounces gold per ton over 2.3 feet); and
- 1,470 grams of gold per tonne uncut over 0.5 meters (43 ounces gold per ton over 1.6 feet);
- Hole SU-338 intersected 2,350 grams of gold per tonne uncut over 0.64 meters (68 ounces gold per ton over 2.0 feet);
- Hole SU-341 intersected 1,840 grams of gold per tonne uncut over 0.5 meters (54 ounces gold per ton over 1.6 feet);
- Hole SU-334 intersected 1,160 grams of gold per tonne uncut over 0.5 meters (34 ounces gold per ton over 1.6 feet).
All holes reported were drilled in the western half of the Valley of the Kings, and include 32 intervals grading over 30 grams per tonne gold. A number of reported intervals are outside of currently defined mineral resources.
A total of 26,230 meters of drilling in 60 holes has been completed in this first phase of the 2012 Brucejack Exploration Program, which has now concluded. An updated high-grade Mineral Resource estimate for Brucejack is expected in the third quarter and will be used as the basis for the mine plan for the feasibility study currently underway.
Phase two of the 2012 Brucejack Exploration Program is now underway and focused on high-grade definition drilling of the shallow high-grade resources at the Valley of the Kings and testing extensions of the Valley of the Kings and other high-grade zones.
Table 1: Selected Brucejack Project Drill Results, June 2012 (SU-326 to SU-348)(1,3) |
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-326 | 6257975N 426451E | -45/360 | | 187.0 | 194.5 | 7.5 | 2.62 | 113.32 | |
SU-327 | 6257900N 426550E | -55/360 | | 20.74 | 25.79 | 5.05 | 39.71 | 56.45 | |
| | | incl | 20.74 | 21.24 | 0.5 | 388.00 | 255.00 | |
| | | | 334.6 | 336.5 | 1.9 | 129.13 | 46.77 | |
| | | | 377.33 | 377.92 | 0.59 | 149.00 | 52.60 | |
SU-328 | 6258068N 426327E | -45/180 | | 62.5 | 65.73 | 3.23 | 45.95 | 32.81 | |
| | | incl | 65.18 | 65.73 | 0.55 | 229.00 | 160.00 | |
| | | | 88.69 | 89.19 | 0.5 | 434.00 | 338.00 | |
| | | | 307.5 | 321.0 | 13.5 | 4.47 | 4.86 | |
| | | incl | 319.5 | 321.0 | 1.5 | 19.75 | 6.60 | |
SU-329 | 6257878N 426646E | -68/360 | | 173.2 | 174.0 | 0.8 | 42.90 | 44.90 | |
SU-330 | 6258089N 426613E | -59/180 | | 16.5 | 18.0 | 1.5 | 14.30 | 142.00 | |
SU-331 | 6258162N 426377E | -45/180 | | 7.0 | 8.5 | 1.5 | 17.20 | 28.60 | |
| | | | 26.81 | 28.0 | 1.19 | 18.10 | 50.10 | |
| | | | 142.5 | 144.0 | 1.5 | 16.85 | 35.30 | |
| | | | 464.5 | 466.0 | 1.5 | 25.20 | 33.90 | |
SU-332 | 6258001N 426426E | -45/180 | | 126.78 | 131.0 | 4.22 | 3.47 | 25.33 | |
SU-333 | 6257755N 426329E | -50/360 | | 98.35 | 98.93 | 0.58 | 30.40 | 19.20 | |
| | | | 207.5 | 208.18 | 0.68 | 17.50 | 38.50 | |
| | | | 316.6 | 317.1 | 0.5 | 134.50 | 72.30 | |
| | | | 453.5 | 464.0 | 10.5 | 24.80 | 21.17 | |
| | | incl | 453.5 | 455.0 | 1.5 | 157.00 | 124.00 | |
SU-334 | 6257900N 426550E | -64/360 | | 262.61 | 263.11 | 0.5 | 202.00 | 218.00 | |
| | | | 305.78 | 306.28 | 0.5 | 41.10 | 38.60 | |
| | | | 381.68 | 382.18 | 0.5 | 1,160 | 453.00 | Uncut |
| | | | 508.0 | 524.3 | 16.3 | 2.71 | 19.77 | |
| | | | 543.41 | 543.91 | 0.5 | 432.00 | 289.00 | |
SU-335 | 6258102N 426297E | -50/180 | | 171.65 | 172.5 | 0.85 | 104.50 | 75.60 | |
| | | | 221.98 | 226.5 | 4.52 | 45.43 | 33.83 | |
| | | incl | 225.5 | 226.5 | 1.0 | 130.50 | 71.20 | |
SU-337 | 6258085N 426350E | -45/180 | | 332.45 | 333.39 | 0.94 | 45.40 | 41.10 | |
SU-338 | 6258214N 426451E | -50/180 | | 141.0 | 147.0 | 6.0 | 5.82 | 51.35 | |
| | | | 336.38 | 337.02 | 0.64 | 2,350 | 876.00 | Uncut |
SU-339 | 6257935N 426480E | -73/30 | | 254 | 255.5 | 1.5 | 22.20 | 22.10 | |
| | | | 278.39 | 278.89 | 0.5 | 19.35 | 6.10 | |
SU-340 | 6258102N 426297E | -60/180 | | 232.36 | 232.86 | 0.5 | 81.10 | 50.10 | |
| | | | 258.16 | 259.19 | 1.03 | 150.27 | 68.97 | |
| | | | 293.82 | 294.82 | 1.0 | 233.50 | 105.50 | |
| | | | 311.5 | 316.0 | 4.5 | 4.58 | 9.17 | |
SU-341 | 6258121N 426453E | -50/180 | | 173.52 | 176.15 | 2.63 | 183.33 | 174.78 | 1 Gold sample cut |
| | | | 173.52 | 176.15 | 2.63 | 438.08 | 174.78 | Uncut |
| | | incl | 173.52 | 174.02 | 0.5 | 462.00 | 175.00 | |
| | | incl | 175.65 | 176.15 | 0.5 | 1,840 | 730.00 | Uncut |
SU-342 | 6257755N 426329E | -61/360 | | 78.93 | 79.43 | 0.5 | 15.20 | 11.80 | |
| | | | 158.3 | 158.8 | 0.5 | 98.50 | 34.30 | |
| | | | 323.5 | 325.0 | 1.5 | 24.20 | 16.50 | |
| | | | 340.0 | 341.5 | 1.5 | 86.00 | 44.40 | |
SU-343 | 6258293N 426456E | -50/180 | | 171.0 | 177.0 | 6.0 | 2.48 | 55.90 | |
SU-344 | 6258099N 426298E | -45/360 | | 76.37 | 76.87 | 0.5 | 16.45 | 26.30 | |
| | | | 92.24 | 92.74 | 0.5 | 51.20 | 20.00 | |
SU-345 | 6258085N 426350E | -53/180 | | 125 | 134.94 | 9.94 | 5.86 | 42.77 | |
| | | | 162.19 | 173 | 10.81 | 39.63 | 19.44 | 1 Gold sample cut |
| | | | 162.19 | 173 | 10.81 | 167.20 | 19.44 | Uncut |
| | | incl | 162.19 | 162.89 | 0.7 | 2,470 | 84.10 | Uncut |
| | | | 232.5 | 245.5 | 13.0 | 26.50 | 42.43 | 1 Gold sample cut |
| | | | 232.5 | 245.5 | 13.0 | 63.81 | 42.43 | Uncut |
| | | incl | 232.5 | 233.55 | 1.05 | 59.80 | 142.00 | |
| | | incl | 233.55 | 234.05 | 0.5 | 1,470 | 621.00 | Uncut |
| | | | 393.5 | 397.5 | 4.0 | 9.36 | 6.83 | |
| | | incl | 395.49 | 395.99 | 0.5 | 46.80 | 26.10 | |
SU-346 | 6257880N 426351E | -55/360 | | 257.43 | 259 | 1.57 | 22.00 | 42.90 | |
| | | | 399.18 | 399.83 | 0.65 | 75.40 | 98.10 | |
SU-348 | 6258277N 426524E | -45/180 | | 331.9 | 332.4 | 0.5 | 64.60 | 49.40 |