Mr. Robert Quartermain reports
PRETIUM RESOURCES INC.: VALLEY OF THE KINGS 2012 EXPLORATION CONCLUDES WITH MORE HIGH-GRADE GOLD
Pretium Resources Inc. has released the final assays from its high-grade Brucejack project in Northern British Columbia. Results continue to confirm the projection and continuity of high-grade gold, including more intervals grading over one kilogram per tonne gold. (See the table for assays.)
Selected highlights from the Valley of the Kings include:
- Hole SU-557 intersected 7,947 grams of gold per tonne uncut over 0.60
metre (231.8 ounces of gold per ton over 1.97 feet).
- Hole SU-578 intersected 1,175 grams of gold per tonne uncut over 0.50
metre (34.3 ounces of gold per ton over 1.64 feet).
- Hole SU-584 intersected 1,155 grams of gold per tonne uncut over 0.65
metre (33.7 ounces of gold per ton over 2.13 feet).
The bonanza-grade gold intercept noted above from hole SU-557, which was collared on Section 426525E, was intersected 54 metres deeper and 54 metres north of the interval from the Valley of the Kings discovery hole SU-12, which graded 16,948 grams per tonne gold uncut over 1.5 metres, in the central area of the zone.
The interval noted above from hole SU-578, which was collared on Section 426800E, was intersected 85 metres south and 40 metres east of the interval from hole SU-54, which intersected 2,490 grams of gold per tonne uncut over 1.59 metres, near the eastern margin of the Valley of the Kings. The interval from SU-584, which was collared on Section 426262E, was intersected 12 metres above and 25 metres west of the interval from hole SU-493, which intersected 1,751 grams per tonne gold uncut over 1.2 metres, at the far western margin of the Valley of the Kings.
The assays for all holes after SU-466 will be incorporated in the 2012 mineral resource estimate for the Brucejack project, which is expected later in the fourth quarter of 2012 or in the first quarter of 2013.
The recently completed 2012 Brucejack exploration program successfully confirmed the continuity of high-grade gold mineralization in the Valley of the Kings, and extended the zone to over 800 metres along strike. The Valley of the Kings remains open to the east, to the west and at depth.
SELECTED BRUCEJACK PROJECT DRILL RESULTS, OCTOBER, 2012
(SU-556 TO SU-585)(1,3,4)
Hole From To Interval Gold Silver Capping
No. (metres) (metres) (metres) (g/t) (g/t) (2)
Valley of the Kings
SU-556 203.00 206.00 Low-grade Au, Ag quartz stockwork
305.50 323.00 Low-grade Au, Ag quartz stockwork
SU-557 333.58 334.08 0.50 20.40 29.90
358.67 359.27 0.60 7,947 3,770 Uncut
401.87 402.37 0.50 18.55 54.20
432.24 432.74 0.50 94.20 45.20
496.85 499.00 2.15 43.88 37.33
incl 497.35 499.00 1.65 52.50 44.10
523.00 524.50 1.50 16.55 15.10
SU-558 319.20 323.50 4.30 20.82 13.97
incl 319.20 319.62 0.42 135.50 81.10
incl 321.81 323.50 1.69 18.60 10.80
SU-559 14.84 16.40 1.56 4.42 125.51
SU-560 100.61 101.11 0.50 50.10 28.20
330.50 332.00 1.50 42.00 51.30
434.12 437.85 3.73 66.80 73.18 1 Au
sample
cut
or 434.12 437.85 3.73 111.20 73.18 Uncut
incl 434.12 434.72 0.60 656.00 427.00
incl 437.35 437.85 0.50 38.50 19.00
460.86 461.36 0.50 98.20 42.90
518.27 518.77 0.50 300.00 143.00
SU-562 2.00 4.61 2.61 10.95 14.42
incl 4.11 4.61 0.50 25.40 12.70
367.00 372.46 5.46 15.27 11.77
incl 371.90 372.46 0.56 124.50 83.60
416.50 417.00 0.50 421.00 207.00
SU-563 377.00 378.50 1.50 107.00 45.90
439.5 464 Low-grade Au, Ag quartz stockwork
SU-564 86.00 87.50 1.50 54.60 24.30
287.86 288.36 0.50 317.00 181.00
SU-565 98.21 98.71 0.50 287.00 48.00
168.50 171.50 3.00 9.42 18.35
SU-567 254.00 257.00 Low-grade Au, Ag quartz stockwork
SU-568 28.05 28.55 0.50 8.38 540.00
109.60 110.10 0.50 5.93 691.00
328.50 330.00 1.50 116.50 40.90
443.00 460.50 17.50 20.59 19.26 1 Au
sample
cut
or 443.00 460.50 17.50 30.62 19.26 Uncut
incl 443.00 443.50 0.50 138.50 70.50
incl 443.50 444.00 0.50 731.00 314.00 Uncut
incl 459.00 460.50 1.50 63.40 41.70
SU-570 77.50 79.00 1.50 130.01 63.40 1 Au
sample
cut
or 77.50 79.00 1.50 152.67 63.40 Uncut
incl 78.50 79.00 0.50 448.00 187.00 Uncut
95.50 99.56 4.06 9.11 139.11
incl 97.85 98.82 0.97 20.20 94.80
441.05 441.78 0.73 73.40 73.40
SU-571 122.53 123.03 0.50 31.50 39.80
183.73 192.69 8.96 12.92 7.64
183.73 184.39 0.66 123.5 48.1
192.19 192.69 0.5 16.40 10.90
273.50 275.00 1.50 19.95 52.90
372.77 373.42 0.65 16.20 16.7
SU-572 6.57 8.13 1.56 21.60 335.00
484.5 486 1.5 46.5 8.8
499.5 501 1.5 244 229
SU-573 247.5 250.5 3 19.925 10.50
321.2 321.7 0.5 26.60 19.30
SU-574 88.04 88.54 0.50 25.00 24.40
148.50 157.50 9.00 9.398 36.00
148.50 150.00 1.50 25.30 65.00
154.50 156.00 1.50 21.10 85.90
191.38 193.00 1.62 27.9 77.80
SU-575 418.27 418.77 0.50 12.80 11.40
501.27 514.21 12.94 17.23 10.17
incl 501.27 501.87 0.60 292.00 113.00
incl 508.55 509.3 0.75 44.3 33.3
incl 513.71 514.21 0.5 19.00 11.70
SU-577 26.66 27.16 0.50 41.50 141.00
75.09 80.99 5.90 9.95 12.63
incl 75.09 75.59 0.50 30.20 29.3
incl 80.49 80.99 0.50 79.00 49.5
127.38 127.88 0.50 42.40 32.60
SU-578 14.32 14.82 0.50 1,175 87.20 Uncut
189.60 192.10 2.50 7.49 16.70
253.60 254.10 0.50 105.50 73.80
SU-579 13.00 14.50 1.50 20.70 177.00
SU-580 69.50 71.00 1.50 8.96 145.00
101.00 111.50 10.50 4.69 64.66
208.06 209.50 1.44 15.70 37.60
320.88 321.38 0.50 18.40 45.30
SU-582 236.50 238.00 1.50 6.10 440.00
245.50 247.00 1.50 7.86 256.00
419.00 420.50 1.50 12.65 19.50
443.79 444.29 0.50 20.30 888.00
SU-584 32.15 36.05 3.90 26.89 38.02
incl 32.15 32.65 0.50 181.50 232.00
incl 35.55 36.05 0.50 20.10 46.20
49.50 50.25 0.75 44.80 25.70
135.77 140.45 4.68 79.19 89.78 1 Au
sample
cut
or 135.77 140.45 4.68 186.83 89.78 Uncut
incl 135.77 136.42 0.65 1,155 542.00 Uncut
incl 136.42 138.00 1.58 48.70 24.60
incl 139.93 140.45 0.52 87.90 48.00
160.18 160.68 0.50 40.50 4.90
SU-585 121.50 123.11 1.61 8.54 396.00
352.05 352.55 0.50 10.85 10.20
452.35 452.85 0.50 5.72 170.00
Notes:
1. True thickness are yet to be determined.
2. Unless otherwise indicated as uncut, all gold assays over 380 g/t were cut
to 380 g/t.
3. Where low-grade quartz stockwork is noted, grades range between 0.4 to two
g/t gold and 20 to 200 g/t silver.
4. 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 differing one in 20 samples was a field duplicate
one-quarter split core assayed at ALS Chemex in Vancouver, B.C.
Kenneth C. McNaughton, MASc, PEng, chief exploration officer, Pretium Resources, is the qualified person responsible for the Brucejack project exploration program.
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