Pretium drills 0.5 m of 8,151 g/t Au at BrucejackPretium Resources Inc.'s 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 the table 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) and -- 1,060 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) and -- 2,020 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 https://media3.marketwire.com/docs/819764.pdf.
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: https://services.choruscall.ca/links/pretium120919.html.
Table 1: Selected Brucejack Project Drill Results, September 2012 (SU-501 to SU-530)(1,4) Inter- From To valHole (met- (met- (met- Gold SilverNo. ers) ers) ers) (g/t) (g/t)SU-501 54.00 55.50 1.50 54.80 37.60 278.62 279.21 0.59 258.00 418.00SU-502 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 22.65 109.05or 233.50 256.00 22.50 208.33 109.05incl 252.02 252.52 0.50 965.00 477.00incl 254.08 254.58 0.50 8,151 4,040incl 254.58 256.00 1.42 44.00 33.40SU-505 46.48 46.98 0.50 37.50 13.60 348.18 348.68 0.50 172.50 151.00SU-507 266.00 284.50 18.50 23.41 15.64incl 266.00 267.50 1.50 100.00 34.90incl 272.36 272.86 0.50 280.00 189.00incl 283.00 284.50 1.50 81.90 55.70SU-508 24.00 25.00 1.00 5.29 2.90 76.00 77.50 1.50 5.75 24.70SU-509 306.55 316.69 10.14 31.48 25.53incl 306.55 307.05 0.50 293.00 287.00incl 316.19 316.69 0.50 340.00 179.00SU-510 201.16 203.00 1.84 127.09 716.11or 201.16 203.00 1.84 1,504 716.11incl 201.16 201.75 0.59 4,673 2,210SU-511 388.50 389.00 0.50 135.00 202.00SU-512 77.50 80.50 3.00 8.63 42.50 293.22 307.00 13.78 24.91 45.34incl 293.22 293.72 0.50 301.00 138.00incl 305.50 307.00 1.50 121.00 136.00 365.33 366.50 1.17 165.98 151.39or 365.33 366.50 1.17 1,196 151.39incl 365.33 365.83 0.50 2,790 330.00SU-513 27.00 28.50 1.50 11.95 10.10 129.85 131.71 1.86 81.40 53.51incl 129.85 130.40 0.55 33.60 10.10incl 131.21 131.71 0.50 265.00 186.00SU-514 101.50 103.00 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 1.23 338.00 241.00SU-517 136 137.50 1.50 32.10 14.80SU-518 34.50 36.00 1.50 10.45 80.90SU-519 184.00 185.50 1.50 107.00 72.60 250.36 252.18 1.82 163.11 310.45or 250.36 252.18 1.82 451.57 310.45incl 250.36 250.86 0.50 212.00 258.00incl 251.68 252.18 0.50 1,430 844.00 459.50 461.00 1.50 61.60 87.90SU-520 107.32 107.85 0.53 373.00 181.00 180.00 181.50 1.50 9.37 5.90SU-521 256.50 258.00 1.50 9.94 6.90SU-522 66.86 67.38 0.52 49.30 99.70 454.50 456.00 1.50 23.30 12.00SU-523 44.41 47.03 2.62 16.23 8.17incl 44.41 44.91 0.50 37.50 26.30incl 46.53 47.03 0.50 44.10 6.80 209.00 214.50 5.50 42.19 110.53or 209.00 214.50 5.50 223.09 110.53incl 209.00 210.50 1.50 24.80 15.80incl 212.65 213.15 0.50 2,370 1,140 313.00 313.80 0.80 1,060 480.00 371.55 372.05 0.50 73.10 33.30SU-524 124.39 127.99 3.60 111.90 207.95or 124.39 127.99 3.60 613.15 207.95incl 124.39 124.89 0.50 2,020 949.00incl 127.44 127.99 0.55 2,170 491.00 171.82 172.32 0.50 71.00 62.00SU-525 47.71 50.24 2.53 99.03 102.29incl 47.71 48.21 0.50 69.10 209.00incl 48.89 49.58 0.69 306.00 207.00SU-526(3) 320.5 339.5 19.0 18.3 11.7or 320.5 339.5 19.0 24.9 11.7incl 320.5 321.0 0.5 150.0 90.0incl 332.86 333.36 0.5 752.0 290.0 400.71 401.87 1.16 4,195 2405SU-527 71.67 75.00 3.33 39.73 45.06incl 72.24 73.07 0.83 57.20 76.70incl 73.07 73.57 0.50 143.00 70.50SU-529 51.70 54.61 2.91 44.60 17.23incl 51.70 52.21 0.51 95.10 31.80incl 54.11 54.61 0.50 159.50 58.70 83.00 83.50 0.50 30.80 2.90 365.92 367.81 1.89 112.00 161.60or 365.92 367.81 1.89 331.58 161.60incl 365.92 366.42 0.50 1,210 582.00incl 367.31 367.81 0.50 40.10 15.50SU-530 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.