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Pretium Resources Inc.: Valley of the Kings Drill Results Confirm High-Grade Gold Continuity
Published : September 29, 2011
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 29, 2011) - Pretium Resources Inc. (News - Market indicators) ("Pretivm") is pleased to report results from the Brucejack Project where ongoing drilling continues to demonstrate the continuity of high-grade gold mineralization, and visible gold continues to be encountered. (See Table 1 for the most recent 23 holes).

Valley of the Kings Zone

Selected highlights include:

  • Hole SU-230 intersected 1.0 meters with uncut grades of 7,420 grams of gold and 3,800 grams of silver per tonne (3.3 feet averaging 216.4 ounces gold and 110.8 ounces of silver per ton);
  • Hole SU-226 intersected 0.5 meters with uncut grades of 1,465 grams of gold and 863 grams of silver per tonne (1.6 feet averaging 42.7 ounces gold and 25.2 ounces silver per ton).

The bonanza-grade intercept in hole SU-230 noted above was intersected within a 6.5 meter interval with cut grades of 76.8 grams of gold and 478.5 grams of silver per tonne (uncut grades of 1,349 grams of gold and 740 grams of silver per tonne). This interval is located approximately 40 meters from the high-grade interval from hole SU-195 with uncut grades of 5,740 grams of gold and 2,750 grams of silver per tonne over 0.5 meters (see news release dated September 12, 2011). Both holes were drilled on the eastern-most section of the Valley of the Kings Zone, which remains open to the east and down dip.

Other Zones

Drill results from other zones on the Brucejack property continue to encounter high-grade gold within broader intervals of significant gold values. A highlight is hole SU-215 in the Galena Hill Zone, which intersected 55.0 meters grading 4.7 grams of gold and 47.5 grams of silver per tonne, including 0.5 meters with uncut grades of 462 grams of gold and 311 grams of silver per tonne.

To date this season, Pretivm has completed 164 holes totalling 68,000 meters on the Brucejack Project. Assay results for 34 holes are outstanding, of which 29 are for holes drilled in the Valley of the Kings Zone. We will complete another eight exploration holes totalling 4,000 meters, and an additional 2,000 meters of geotechnical and condemnation drilling in support of a feasibility study. Results for the remaining holes will be reported when we receive them. The drill program is expected to conclude by the second week in October, and the update to the mineral resource estimate for Brucejack will be completed in the fourth quarter.

Table 1: Selected Brucejack Project Drill Results, September 2011 (SU-208 to SU-230)(1,4)  
Hole
No.
Collar
Coords.
Dip/
Azimuth
  From
(meters
) To
(meters
) Interval(meters ) Gold
(g/t
) Silver
(g/t
) Capping
(2
)
VALLEY OF THE KINGS ZONE  
SU-208(3) 6257943N
426282E
-45/360   422.0   475.5   53.6   2.20   3.1   1 Au sample cut  
      incl. 422.0   422.5   0.5   153.0   70.0   uncut  
SU-210 6258293N
426495E
-48/180   31.5   79.5   48.0   0.85   7.8      
        387.0   388.3   1.3   19.45   12.3      
        519.7   520.2   0.5   10.3   1.6      
SU-213 6257967N
426327E
-52/360   110.8   185.5   74.7   1.25   8.3      
        264.0   316.5   52.5   0.71   5.3      
SU-214 6257972N
426376E
-65/360   293.0   387.0   94.0   0.95   3.6      
SU-216 6257711N
426255E
-46/35   75.5   87.5   12.0   6.14   24.3      
        144.5   146.0   1.5   84.1   56.3   uncut  
SU-219 6257967N
426327E
-58/360   72.0   170.5   98.5   1.6   13.4      
      incl. 72.0   74.0   2.0   19.5   25.3      
      incl. 158.5   162.6   4.1   15.0   13.8      
        249.0   344.5   95.5   2.27   5.7      
      incl. 343.0   344.5   1.5   88.0   37.6      
SU-220 6258293N
426495E
-60/180   85.5   106.0   20.5   0.96   15.3      
        443.0   478.5   35.5   0.83   2.1      
        584.0   585.5   1.5   50.9   28.6      
SU-223 6257943N
426282E
-52/360   137.5   139.0   1.5   16.8   37.7      
        301.14   326.0   24.86   0.95   3.0      
SU-224 6257643N
426553E
-53/360   5.0   6.5   1.5   6.52   13.4      
        194.5   196.0   1.5   22.3   14.2      
        233.5   249.5   16.0   1.57   3.2      
        266.0   280.74   14.74   7.45   18.9      
      incl. 273.5   276.15   2.65   21.5   25.5      
        370.0   471.0   101.0   0.73   3.3      
SU-225 6258177N
426552E
-50/180   300.0   330.0   30.0   1.4   7.1      
        383.58   416.5   32.92   1.2   3.6      
SU-226 6257967N
426327E
-65/360   108.0   222.0   114.0   1.07   11.0      
        161.0   173.5   12.5   2.86   15.4      
        299.0   338.5   39.5   2.62   19.6   1 Au sample cut  
      incl. 335.82   336.34   0.52   1,465   863.0   uncut  
SU-230 6257880N
426642E
-65/360   162.5   163.65   1.15   17.6   19.3      
        301.5   308   6.5   76.8   478.5   3 Au samples cut  
      incl. 301.5   303   1.5   472.0   318.0   uncut  
      incl. 304.5   305.73   1.23   510.0   390.0   uncut  
      incl. 305.73   306.73   1.0   7,420   3,800   uncut  
GOSSAN HILL ZONE 
SU-211 6258844N
426600E
-62/360   71.5   88.0   16.5   11.59   48.4      
      incl. 74.5   76.0   1.5   109.0   90.2      
        131.5   246.5   115.0   1.13   10.3   uncut  
SU-212 6259101N
426496E
-69/360   40.0   53.0   13.0   1.68   2.3      
SU-217 6258844N
426600E
-45/360   235.0   259.0   24.0   0.53   2.8      
WEST ZONE 
SU-222 6258855N
426590E
-50/225   143.16   150.0   6.84   3.57   103.4      
        211.5   215.54   4.04   6.82   224.3      
        253.38   278.0   24.62   6.0   34.7      
      incl. 268.83   272.91   4.08   26.7   58.0      
        346.5   411.0   64.5   0.69   4.9      
SU-229 6258855N
426449E
-50/225   104.5   160.0   55.5   1.05   13.2      
        184.0   220.19   36.19   1.09   3.0      
      incl. 218.5   220.19   1.69   11.1   34.2      
GALENA HILL ZONE 
SU-215 6258121N
426860E
-46/360   114.5   169.5   55.0   4.70   47.5   1 Au sample cut  
      incl. 117.5   118.0   0.5   95.8   60.6   uncut  
      incl. 131.7   144.7   13.0   7.68   140.8      
      incl. 167.4   167.9   0.5   462.0   311.0   uncut  
        231.0   322.0   91.0   1.03   11.3      
        371.4   371.9   0.5   18.2   2,700   uncut  
SU-221 6258121N
426860E
-54/360   144.0   207.0   63.0   1.04   9.7      
        246.5   291.5   45.0   1.15   6.3      
        397.59   398.04   0.45   5.59   1,690      
SU-228 6258121N
426860E
-64/360   76.5   85.5   9.0   3.07   22.3      
        109.0   124.0   15.0   1.75   16.3      
        161.5   215.5   54.0   2.72   23.8      
      incl. 176.5   181.0   4.5   10.52   110.2      
GOLDEN MARMOT 
SU-209 6261530N
426065E
-50/45   366.5   392.5   26.0   0.77   11.5      
SU-218 6261218N
425868E
-50/330   107.5   140.5   33.0   0.30   80.4      
        157.0   176.0   19.0   0.44   31.1      
SU-227 6261509N
425535E
-50/45   186.21   192.5   6.29   1.0   3.5      
(1) True thickness to be determined.
(2) Unless otherwise indicated as uncut, all gold assays over 130 g/t were cut to 130 g/t and all silver assays over 2,100 g/t were cut to 2,100 g/t.
(3) Hole ended in mineralization.
(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. Samples over 100 ppm silver were reanalyzed using four acid digestion with an ore grade AA finish. Samples over 1,000 ppm silver were fire assayed with a gravimetric finish. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. One in 10 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, M.A.Sc., P.Eng., Chief Exploration Officer, Pretium Resources Inc. is the Qualified Person (QP) responsible for the Brucejack Project exploration program.

About Pretivm

Pretivm is creating value through gold at its advanced-staged exploration projects Brucejack and Snowfield, located in northern British Columbia. Pretivm is advancing the high-grade, underground gold opportunity at Brucejack and the bulk-tonnage opportunities at both Brucejack and Snowfield. 

Forward Looking Statement

This Press Release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information may include, but is not limited to, information with respect to our plans, costs and timing for future exploration (including updated resource estimates) and development activities, results of future exploration, timing and receipt of approvals, consents and permits under applicable legislation, production and developments in our operations in future periods and adequacy of financial resources. Wherever possible, words such as "plans", "expects" or "does not expect", "budget", "scheduled", "estimates", "forecasts", "anticipate" or "does not anticipate", "believe", "intend" and similar expressions or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, have been used to identify forward-looking information.

Statements concerning mineral resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will be encountered if the property is developed. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "plans", "projects", "estimates", "assumes", "intends", "strategy", "goals", "objectives", "potential" or variations thereof, or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking information. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation, those risks identified in Pretivm's final short-form prospectus dated April 4, 2011 filed on SEDAR at www.sedar.com. Forward-looking information is based on the expectations and opinions of Pretivm's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise. We do not assume any obligation to update forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable law. For the reasons set forth above, prospective investors should not place undue reliance on forward-looking information.

The TSX has neither approved nor disapproved of the information contained herein.

Pretium Resources Inc.
Robert Quartermain
President and Chief Executive Officer
(604)558-1784
or
Pretium Resources Inc.
Michelle Romero
Investor Relations Director
(604)558-1784
invest@pretivm.com
www.pretivm.com

Pretium resources Inc.

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CODE : PVG.TO
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Pretium Resources est une société développant des projet miniers d'or et de cuivre basée au Canada.

Ses principaux projets en exploration sont SNOWFIELD (SULPHURETS) et BRUCEJACK au Canada.

Pretium Resources est cotée au Canada. Sa capitalisation boursière aujourd'hui est 2,1 milliards CA$ (1,6 milliards US$, 1,4 milliards €).

La valeur de son action a atteint son plus bas niveau récent le 28 février 2020 à 10,00 CA$, et son plus haut niveau récent le 09 juillet 2020 à 11,72 CA$.

Pretium Resources possède 180 700 000 actions en circulation.

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Cours préc. Ouverture
11,82 11,93
Bas haut
11,39 12,04
Année b/h Var. YTD
7,60 -  14,54 -18,89%
52 sem. b/h var. 52 sem.
7,60 -  18,28 -16,11%
Volume var. 1 mois
860 728 -1,51%
24hGold TrendPower© : 37
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Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
2020-18,55%9,9810,00
201928,37%9,9010,01
2018-21,83%9,9810,01
201728,96%16,4810,05
201659,77%9,9610,00
 
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Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
5,20 AU$-1,70%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
3,52 AU$-1,95%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
2,63 AU$-0,75%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
1,10 US$-0,90%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
1,41 GBX+27,03%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,03 CA$+0,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,43 CA$+3,40%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,76 CA$+0,57%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
8,04 CA$+2,94%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,14 CA$+0,00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,14 AU$+3,70%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,98 CA$-2,46%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
9,80 US$-5,41%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,06 AU$+7,84%Trend Power :