RE:NEWS: Infill Drilling more of same gold gold gold......DETAILS:
Pretium Resources Inc.: Valley of the Kings Underground Infill Drilling Continues
2015-09-30 05:00 ET - News Release
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/30/15
Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") is pleased to report a fourth set of results from the underground infill drill program at the Brucejack Project's Valley of the Kings. Results continue to confirm the style and grade distribution of the gold mineralization in the area currently being tested, which includes the intersection of high grade and visible gold. (See Table 1 below for assays.)
Selected drill highlights include:
-- Hole VU-466 intersected 74.62 grams of gold per tonne uncut over 18.00 meters, including 2,570 grams of gold per tonne uncut over 0.50 meters; -- Hole VU-470 intersected 61.25 grams of gold per tonne uncut over 15.00 meters, including 1,600 grams of gold per tonne uncut over 0.50 meters; -- Hole VU-472 intersected 41.87 grams of gold per tonne uncut over 18.13 meters, including 1,010 grams of gold per tonne uncut over 0.50 meters; -- Hole VU-486 intersected 101.70 grams of gold per tonne uncut over 7.44 meters, including 1,495 grams of gold per tonne uncut over 0.50 meters; -- Hole VU-487 intersected 93.49 grams of gold per tonne uncut over 14.00 meters, including 2,600 grams of gold per tonne uncut over 0.50 meters; and, -- Hole VU-499 intersected 32.51 grams of gold per tonne uncut over 32.30 meters, including 1,035 grams of gold per tonne uncut over 0.50 meters;
Holes VU-466, VU-470, VU-472 and VU-486 were drilled from the 1320 drill bay while holes VU-487 and VU-499 were drilled from the 1310 drill bay. To date, results from 98 holes (15,813 meters) of the infill drill program for the Valley of the Kings have been reported.
For a plan and section views of the reported drill fans please see the following link:https://media3.marketwire.com/docs/1026834_PLAN_SECTION_VIEWS.pdf.
The infill drill program will comprise in excess of 40,000 meters of fan drilling from three underground drill stations with drill hole centres spaced at approximately 10 meters vertically and horizontally. Assay results from drilling will continue to be reported as they are received.
Table 1: Selected Valley of the Kings Drill Results, September 2015 (VU-466 to VU-499)(1,2,3)
---------------------------------------------------------------------------- Dip/ From To Interval Gold Silver Hole No. Azimuth (meters) (meters) (meters) (g/t) (g/t) Comments ---------------------------------------------------------------------------- 1320 m Drill Bay - 426,586E/6,258,093N - 206.1 Azimuth ---------------------------------------------------------------------------- VU-466 -56/206.1 86.91 101.00 14.09 27.66 38.01 ---------------------------------------------------------------------------- incl 86.91 87.41 0.50 488.00 456.00 ---------------------------------------------------------------------------- incl 92.00 93.00 1.00 112.50 77.00 ---------------------------------------------------------------------------- incl 100.00 101.00 1.00 18.75 21.10 ---------------------------------------------------------------------------- 151.00 169.00 18.00 18.24 59.51 1 sample cut ---------------------------------------------------------------------------- or 151.00 169.00 18.00 74.62 59.51 uncut ---------------------------------------------------------------------------- incl 151.00 152.00 1.00 10.45 9.00 ---------------------------------------------------------------------------- incl 158.00 159.00 1.00 20.30 18.90 ---------------------------------------------------------------------------- incl 167.87 168.37 0.50 2,570 1,835 ---------------------------------------------------------------------------- VU-468 -50/206.1 81.00 86.00 5.00 11.91 32.82 ---------------------------------------------------------------------------- incl 81.70 82.20 0.50 92.30 213.00 ---------------------------------------------------------------------------- VU-470 -45/206.1 88.00 95.00 7.00 11.50 11.49 ---------------------------------------------------------------------------- incl 92.00 93.00 1.00 73.00 48.40 ---------------------------------------------------------------------------- 175.00 190.00 15.00 25.92 47.12 1 sample cut ---------------------------------------------------------------------------- or 175.00 190.00 15.00 61.25 47.12 uncut ---------------------------------------------------------------------------- incl 180.60 181.10 0.50 216.00 183.00 ---------------------------------------------------------------------------- incl 181.92 182.42 0.50 1,600 950.00 ---------------------------------------------------------------------------- VU-472 -40/206.1 79.00 82.00 3.00 9.71 32.63 ---------------------------------------------------------------------------- incl 79.00 80.00 1.00 20.20 24.60 ---------------------------------------------------------------------------- 104.63 105.13 0.50 25.20 43.00 ---------------------------------------------------------------------------- 134.00 152.13 18.13 28.91 32.86 1 sample cut ---------------------------------------------------------------------------- or 134.00 152.13 18.13 41.87 32.86 uncut ---------------------------------------------------------------------------- incl 140.31 140.81 0.50 473.00 442.00 ---------------------------------------------------------------------------- incl 140.81 141.31 0.50 1,010 528.00 ---------------------------------------------------------------------------- VU-488 -30/206.1 80.10 100.07 19.97 8.84 8.69 ---------------------------------------------------------------------------- incl 80.10 80.60 0.50 72.80 38.00 ---------------------------------------------------------------------------- incl 82.50 83.31 0.81 24.50 11.00 ---------------------------------------------------------------------------- incl 83.31 83.81 0.50 98.40 72.70 ---------------------------------------------------------------------------- incl 99.57 100.07 0.50 120.00 56.10 ---------------------------------------------------------------------------- VU-493 -15/206.1 117.00 124.00 7.00 15.85 15.73 ---------------------------------------------------------------------------- incl 122.00 123.00 1.00 102.00 86.10 ---------------------------------------------------------------------------- VU-495 -10/206.1 122.00 123.00 1.00 7.64 10.20 ---------------------------------------------------------------------------- VU-496 -63/206.1 53.00 54.00 1.00 7.03 6.70 ---------------------------------------------------------------------------- 154.00 155.00 1.00 17.40 10.70 ---------------------------------------------------------------------------- 1320 m Drill Bay - 426,586E/6,258,093N - 212.2 Azimuth ---------------------------------------------------------------------------- VU-477 -55/212.2 62.00 63.00 1.00 11.25 5.40 ---------------------------------------------------------------------------- 107.00 116.00 9.00 31.20 23.21 1 sample cut ---------------------------------------------------------------------------- or 107.00 116.00 9.00 35.42 23.21 uncut ---------------------------------------------------------------------------- incl 113.06 113.56 0.50 616.00 115.00 ---------------------------------------------------------------------------- VU-479 -47.5/212.2 139.00 140.00 1.00 17.40 18.10 ---------------------------------------------------------------------------- 150.25 150.75 0.50 44.00 24.50 ---------------------------------------------------------------------------- VU-480 -40/212.2 142.50 155.00 12.50 12.41 24.11 ---------------------------------------------------------------------------- incl 142.50 143.00 0.50 251.00 366.00 ---------------------------------------------------------------------------- VU-482 -33.5/212.2 28.55 29.05 0.50 8.05 4.30 ---------------------------------------------------------------------------- 87.00 88.00 1.00 6.84 11.90 ---------------------------------------------------------------------------- VU-485 -21/212.2 84.18 95.00 10.82 7.41 6.81 ---------------------------------------------------------------------------- incl 84.18 84.68 0.50 44.50 50.40 ---------------------------------------------------------------------------- incl 93.00 94.00 1.00 38.80 15.30 ---------------------------------------------------------------------------- incl 94.00 95.00 1.00 16.05 7.30 ---------------------------------------------------------------------------- 162.31 162.81 0.50 11.85 18.00 ---------------------------------------------------------------------------- VU-486 -15.5/212.2 99.00 106.44 7.44 37.52 108.71 1 sample cut ---------------------------------------------------------------------------- or 99.00 106.44 7.44 101.70 108.71 uncut ---------------------------------------------------------------------------- incl 103.43 103.93 0.50 1,495 1,400 ---------------------------------------------------------------------------- 133.00 134.00 1.00 29.10 8.60 ---------------------------------------------------------------------------- VU-498 -62/212.2 110.00 116.90 6.90 17.92 10.96 ---------------------------------------------------------------------------- incl 116.40 116.90 0.50 230.00 96.50 ---------------------------------------------------------------------------- 1310 m Drill Bay - 426,522E/6,258,139N - 176.3 Azimuth ---------------------------------------------------------------------------- VU-481 -35/176.3 40.00 40.83 0.83 22.70 258.00 ---------------------------------------------------------------------------- 151.94 157.20 5.26 9.39 11.97 ---------------------------------------------------------------------------- incl 151.94 152.44 0.50 47.50 77.10 ---------------------------------------------------------------------------- incl 156.00 157.20 1.20 19.55 6.30 ---------------------------------------------------------------------------- 188.00 189.00 1.00 9.38 17.90 ---------------------------------------------------------------------------- VU-484 -30/176.3 149.88 150.38 0.50 6.89 5.30 ---------------------------------------------------------------------------- 161.00 162.00 1.00 31.90 76.10 ---------------------------------------------------------------------------- VU-487 -25/176.3 32.00 46.00 14.00 19.92 31.95 1 sample cut ---------------------------------------------------------------------------- or 32.00 46.00 14.00 93.49 31.95 uncut ---------------------------------------------------------------------------- incl 40.76 41.26 0.50 2,600 787.00 ---------------------------------------------------------------------------- 70.00 82.00 12.00 16.90 20.10 ---------------------------------------------------------------------------- incl 77.07 77.57 0.50 392.00 284.00 ---------------------------------------------------------------------------- VU-489 -20/176.3 76.19 76.69 0.50 7.50 41.30 ---------------------------------------------------------------------------- 115.24 116.00 0.76 12.45 12.20 ---------------------------------------------------------------------------- VU-492 -15/176.3 2.70 3.40 0.70 5.96 35.10 ---------------------------------------------------------------------------- 186.00 186.50 0.50 67.30 26.00 ---------------------------------------------------------------------------- VU-494 -10/176.3 99.05 123.60 24.55 24.33 18.97 1 sample cut ---------------------------------------------------------------------------- or 99.05 123.60 24.55 26.70 18.93 uncut ---------------------------------------------------------------------------- incl 99.05 99.55 0.50 543.00 345.00 ---------------------------------------------------------------------------- incl 122.60 123.10 0.50 70.50 71.60 ---------------------------------------------------------------------------- incl 123.10 123.60 0.50 656.00 365.00 ---------------------------------------------------------------------------- 147.85 148.35 0.50 15.30 54.90 ---------------------------------------------------------------------------- VU-497 -5/176.3 97.00 100.00 3.00 24.23 19.43 ---------------------------------------------------------------------------- incl 97.00 98.00 1.00 44.60 24.50 ---------------------------------------------------------------------------- incl 99.00 100.00 1.00 27.70 30.60 ---------------------------------------------------------------------------- 151.00 152.00 1.00 8.48 8.60 ---------------------------------------------------------------------------- VU-499 0/176.3 105.70 138.00 32.30 24.85 33.09 1 sample cut ---------------------------------------------------------------------------- or 105.70 138.00 32.30 32.51 33.09 uncut ---------------------------------------------------------------------------- incl 107.42 107.92 0.50 1,035 737.00 ---------------------------------------------------------------------------- incl 108.91 109.41 0.50 39.80 27.20 ---------------------------------------------------------------------------- incl 110.00 111.00 1.00 204.00 164.00 ---------------------------------------------------------------------------- incl 136.97 137.47 0.50 537.00 588.00 ---------------------------------------------------------------------------- (1) True thickness to be determined. (2) Unless otherwise indicated as uncut, all gold assays over 540 g/t were cut to 540 g/t. (3) 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 one in 20 samples had a sample cut from assay rejects assayed as a field duplicate at ALS Chemex in North Vancouver, B.C. Whole core (core not split) is being assayed as part of the underground infill drill program.
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.
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