Pretium drills one m of 7,420 g/t Au at Brucejack
2011-09-29 06:45 ET - News Release
Mr. Robert Quartermain reports
PRETIUM RESOURCES INC.: VALLEY OF THE KINGS DRILL RESULTS CONFIRM HIGH-GRADE GOLD CONTINUITY
Pretium Resources Inc. has released results from the Brucejack project where continuing drilling continues to demonstrate the continuity of high-grade gold mineralization, and visible gold continues to be encountered. (See the associated table for the most recent 23 holes.)
Valley of the Kings zone
Selected highlights include:
Hole SU-230 intersected one metre 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 metre 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-metre 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 metres 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 metre (see news release dated Sept. 12, 2011). Both holes were drilled on the easternmost section of the Valley of the Kings zone, which remains open to the east and downdip.
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 metres grading 4.7 grams of gold and 47.5 grams of silver per tonne, including 0.5 metre with uncut grades of 462 grams of gold and 311 grams of silver per tonne.
To date this season, Pretium has completed 164 holes totalling 68,000 metres 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. The company will complete another eight exploration holes totalling 4,000 metres and an additional 2,000 metres of geotechnical and condemnation drilling in support of a feasibility study. Results for the remaining holes will be reported when the company receives 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.
SELECTED BRUCEJACK PROJECT DRILL RESULTS
(September, 2011 (SU-208 to SU-230)(1,3)
Valley of the Kings zone
Hole No. From (m) To (m) Interval (m) Gold (g/t) Silver (g/t)
SU-208(2) 422.0 475.5 53.6 2.20 3.1
incl. 422.0 422.5 0.5 153.0 70.0
SU-210 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-213 110.8 185.5 74.7 1.25 8.3
264.0 316.5 52.5 0.71 5.3
SU-214 293.0 387.0 94.0 0.95 3.6
SU-216 75.5 87.5 12.0 6.14 24.3
144.5 146.0 1.5 84.1 56.3
SU-219 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 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-223 137.5 139.0 1.5 16.8 37.7
301.14 326.0 24.86 0.95 3.0
SU-224 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-225 300.0 330.0 30.0 1.4 7.1
383.58 416.5 32.92 1.2 3.6
SU-226 108.0 222.0 114.0 1.07 11.0
161.0 173.5 12.5 2.86 15.4
299.0 338.5 39.5 2.62 19.6
incl. 335.82 336.34 0.52 1,465 863.0
SU-230 162.5 163.65 1.15 17.6 19.3
301.5 308 6.5 76.8 478.5
incl. 301.5 303 1.5 472.0 318.0
incl. 304.5 305.73 1.23 510.0 390.0
incl. 305.73 306.73 1.0 7,420 3,800
Gossan Hill zone
Hole No. From (m) To (m) Interval (m) Gold (g/t) Silver (g/t)
SU-211 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
SU-212 40.0 53.0 13.0 1.68 2.3
SU-217 235.0 259.0 24.0 0.53 2.8
West zone
Hole No. From (m) To (m) Interval (m) Gold (g/t) Silver (g/t)
SU-222 143.16 150.0 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-229 104.5 160.0 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
Hole No. From (m) To (m) Interval (m) Gold (g/t) Silver (g/t)
SU-215 114.5 169.5 55.0 4.70 47.5
incl. 117.5 118.0 0.5 95.8 60.6
incl. 131.7 144.7 13.0 7.68 140.8
incl. 167.4 167.9 0.5 462.0 311.0
231.0 322.0 91.0 1.03 11.3
371.4 371.9 0.5 18.2 2,700
SU-221 144.0 207.0 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 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
Hole No. From (m) To (m) Interval (m) Gold (g/t) Silver (g/t)
SU-209 366.5 392.5 26.0 0.77 11.5
SU-218 107.5 140.5 33.0 0.30 80.4
157.0 176.0 19.0 0.44 31.1
SU-227 186.21 192.5 6.29 1.0 3.5
Notes
(1) True thickness to be determined.
(2) Hole ended in mineralization.
(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. Samples over 100 parts per million (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, MASc, PEng, chief exploration officer, Pretium Resources, is the qualified person (QP) responsible for the Brucejack project exploration program.
We seek Safe Harbor.
