Mr. Joseph Ovsenek reports
PRETIUM RESOURCES INC.: VALLEY OF THE KINGS INFILL DRILLING INTERSECTS 37,000 GRAMS PER TONNE GOLD
Pretium Resources Inc. has released a ninth 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 Valley of the Kings gold mineralization in the area currently being tested, which include the intersection of high-grade and visible gold.
Reported assays include three intersections grading greater than 1,000 grams per tonne gold, including the bonanza-grade intercept in hole VU-722, which encountered 37,117 grams per tonne gold uncut over 0.5 metre, the second-highest-grading intercept encountered to date at the project. The highest-grading intercept was from surface hole SU-452, which intersected 41,582 grams per tonne gold uncut over 0.5 m in 2012 (see table for assays).
Selected drill highlights include:
- Hole VU-722 intersected 1,161 grams per tonne gold uncut over 16.0
m, including 37,117 grams per tonne gold uncut over 0.50 m.
- Hole VU-715 intersected 46.08 grams per tonne gold uncut over 23.29
m, including 2,100 grams per tonne gold uncut over 0.50 m.
- Hole VU-698 intersected 29.67 grams per tonne gold uncut over 40.0
m, including 1,850 grams per tonne gold uncut over 0.50 m.
Holes VU-722 and VU-698 were drilled from the 1,270-metre drill bay, while hole VU-715 was drilled from the 1,350 m drill bay. To date results from 306 holes (53,685 m) have been reported.
The 2015/2016 infill drill program is designed to target stope areas in years one through three of the current mine plan for the Valley of the Kings. The infill drill program is now complete and the final assays are currently being processed. Roughly 200 vertical m over a strike length of 250 m have been drilled at 7.5 to 10 m centres. Assay results from drilling will continue to be reported as they are received.
SELECTED VALLEY OF THE KINGS DRILL RESULTS(1,2,3)
Hole From To Interval Gold Silver Comments
(m) (m) (m) (g/t) (g/t)
VU-666 137.19 137.69 0.50 15.80 6.1
VU-676 91.01 91.51 0.50 17.10 9.20
98.26 98.76 0.50 30.60 22.70
116.00 140.00 24.00 8.32 8.39
incl. 120.03 120.53 0.50 209.00 168.00
incl. 139.00 140.00 1.00 55.10 31.70
198.00 199.00 1.00 40.80 36.80
VU-683 110.00 111.00 1.00 25.00 15.10
VU-688 140.49 140.99 0.50 19.40 19.50
150.45 150.95 0.50 41.40 30.50
VU-694 99.96 137.00 37.04 10.34 23.04
incl. 99.96 100.46 0.50 248.00 73.70
incl. 124.88 125.40 0.52 324.00 228.00
incl. 136.00 137.00 1.00 19.30 23.60
VU-698 93.00 133.00 40.00 13.30 23.16 One sample cut
or 93.00 133.00 40.00 29.67 23.16 Uncut
incl. 110.48 110.98 0.50 1,850.00 549.00
incl. 119.00 119.60 0.60 23.20 27.60
incl. 119.60 120.10 0.50 16.50 16.20
incl. 123.63 124.13 0.50 325.00 244.00
VU-713 82.00 89.40 7.40 12.67 124.37
VU-686 112.00 113.00 1.00 10.10 16.20
157.10 158.23 1.13 14.35 807.00
VU-690 79.00 94.00 15.00 6.32 7.96
incl. 79.00 80.00 1.00 17.10 21.30
incl. 80.00 81.00 1.00 64.90 44.20
VU-695 71.00 72.00 1.00 19.60 36.80
160.00 162.40 2.40 19.64 147.97
incl. 161.20 161.70 0.50 52.50 375.00
incl. 161.70 162.40 0.70 21.30 169.00
VU-700 108.00 118.00 10.00 7.74 49.56
incl. 108.00 109.00 1.00 18.80 26.90
incl. 114.94 115.44 0.50 40.40 34.50
incl. 117.20 118.00 0.80 29.30 35.60
VU-704 50.00 51.00 1.00 8.79 11.50
97.00 98.00 1.00 8.64 23.50
137.45 137.95 0.50 13.00 701.00
VU-707 54.00 55.00 1.00 6.36 98.10
81.00 82.00 1.00 8.42 43.60
VU-679 61.90 64.60 2.70 14.55 16.33
incl. 62.90 63.40 0.50 57.60 56.50
100.00 101.00 1.00 13.65 12.50
VU-684 65.00 66.00 1.00 18.25 9.20
VU-689 81.73 82.23 0.50 10.40 17.50
120.00 121.00 1.00 9.52 13.50
VU-693 82.00 83.00 1.00 7.65 4.00
114.00 115.00 1.00 14.70 9.40
VU-697 14.50 15.00 0.50 9.05 10.10
VU-701 97.75 98.25 0.50 9.53 13.40
VU-709 79.00 80.00 1.00 14.25 13.40
137.00 137.50 0.50 10.25 14.40
VU-716 70.00 75.00 5.00 6.17 15.16
incl. 71.20 71.70 0.50 46.10 73.20
128.00 129.00 1.00 6.64 7.70
VU-717 117.02 122.00 4.98 11.56 6.68
incl. 119.42 119.92 0.50 101.50 38.20
182.00 183.00 1.00 27.00 11.10
VU-720 152.00 166.00 14.00 27.61 40.61 One sample cut
or 152.00 166.00 14.00 39.65 40.61 Uncut
incl. 152.00 153.00 1.00 18.40 29.40
incl. 158.22 158.72 0.50 131.00 76.00
incl. 161.32 161.82 0.50 877.00 756.00
VU-722 67.40 67.90 0.50 57.70 27.50
165.00 181.00 16.00 17.74 671.85 One sample cut
or 165.00 181.00 16.00 1,160.77 671.85 Uncut
incl. 165.64 166.14 0.50 37,117.00 21,301
VU-726 149.00 164.05 15.05 15.85 11.77
incl. 150.06 150.56 0.50 455.00 226.00
VU-730 118.00 136.71 18.71 6.01 14.73
incl. 119.13 119.63 0.50 41.70 46.50
incl. 122.09 122.59 0.50 35.30 22.00
incl. 134.27 134.77 0.50 28.60 11.30
incl. 134.77 135.30 0.53 22.90 24.20
175.08 175.58 0.50 42.00 76.40
VU-738 55.00 56.00 1.00 5.78 8.6
VU-739 91.00 97.00 6.00 9.82 36.65
incl. 94.70 95.20 0.50 96.60 96.00
VU-715 135.31 158.60 23.29 12.59 34.52 One sample cut
or 135.31 158.60 23.29 46.08 34.52 Uncut
incl. 143.76 144.26 0.50 2,100.00 1,190
VU-719 138.35 142.50 4.15 49.98 49.17
incl. 138.35 138.85 0.50 258.00 256.00
incl. 138.85 139.35 0.50 87.80 41.90
incl. 139.35 139.85 0.50 24.60 25.40
incl. 140.35 140.85 0.50 25.90 23.50
VU-725 118.71 119.21 0.50 15.95 18.30
VU-731 72.00 80.00 8.00 17.44 26.46
incl. 73.85 74.35 0.50 232.00 204.00
incl. 75.35 75.85 0.50 29.10 66.30
VU-721 71.18 71.68 0.50 13.40 10.30
144.00 145.00 1.00 13.75 5.80
VU-724 94.49 94.99 0.50 96.80 81.10
(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 multidigestion with ICP finish and fire assay with AA finish for
gold. Samples over 100 parts per million 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, MASc, PEng, chief exploration officer, Pretium Resources, is the qualified person responsible for the Brucejack project exploration program.
We seek Safe Harbor.
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