Value Microcaps Junior Miners

[Bobwins]

PVG.to/pxzrf.pk +.09 to C$9.40

yes, it's narrow but OMG! 2 feet of 547 oz of gold and 271 oz of silver. Now that's an intercept!




Press Release Source: Pretium Resources Inc. On Wednesday June 8, 2011, 8:00 am EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 06/08/11) - Pretium Resources Inc. (TSX:PVG - News) ("Pretivm") is pleased to report that one of the first holes drilled in the 2011 Brucejack Project exploration program has encountered the highest-grading gold intersection to date on the property. Selected intercepts from the first 85 meters drilled of hole SU-115, in the Valley of the Kings Zone, include:



-- 0.6 meters with uncut grades of 18,755 grams of gold and 9,312 grams of
silver per tonne (2.0 feet averaging 547.1 ounces gold and 271.6 ounces
of silver per ton);
-- 1.3 meters with uncut grades of 1,005 grams of gold and 577 grams of
silver per tonne (4.2 feet averaging 29.3 ounces gold and 16.8 ounces of
silver per ton);
-- 0.5 meters with uncut grades of 4,209 grams of gold and 2,040 grams of
silver per tonne (1.6 feet averaging 122.8 ounces gold and 59.5 ounces
of silver per ton).

Hole SU-115, which was drilled to a total depth of 306 meters, was collared 60 meters west of previously-reported hole SU-12, which had intersected 1.5 meters grading 16,949 grams per tonne gold and 8,696 grams per tonne silver. The Valley of the Kings Zone is 50 to 100 meters in width, extends 400 meters along strike, and has been drill tested to a depth of 600 meters below surface. High-grade gold bearing veins have been identified within this mineral corridor, and Valley of the Kings is the main focus of the +50,000-meter drill program currently underway on the Brucejack Project.

The Preliminary Economic Assessment (PEA) recently completed on a high-grade underground operation at Brucejack has been filed on SEDAR and is now available on Pretivm's website. An update to the PEA incorporating the results from the 2011 program will commence following completion of the 2011 program.

All eight drills are now turning on the Brucejack property, and work has begun on the access road connecting to Highway 37.



Table 1: Selected Intercepts from Drill Hole SU-115 - June 2011(1,2,3)

----------------------------------------------------------------------------
From To Interval Gold Silver Capping
Hole Number (meters) (meters) (meters) (g/t) (g/t) (ppm)
----------------------------------------------------------------------------
SU-115 58.5 79.5 21 16.9 152.1 3 samples cut to
130 Au, 1 cut to
2,100 Ag
----------------------------------------------------------------------------
Inc. 60.6 61.2 0.6 18,755 9,312 uncut
----------------------------------------------------------------------------
Inc. 61.2 62.48 1.28 1,005 577 uncut
----------------------------------------------------------------------------
Inc. 76.1 76.61 0.51 4,209 2,040 uncut
----------------------------------------------------------------------------
(1)True thickness to be determined.
(2)All gold samples over 130 g/t were cut to 130 g/t.
(3)Assays pending for remaining 221 meters of SU-115

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.

Only partial assay results for drillhole SU-115 are reported in this release. Full assay results for completed drilling will be reported as they are received over the course of the 2011 drilling season.

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.