Pretivm Resources Inc. (PVG)

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Pretium drills 13,600 g/t Au over 0.56 m at Brucejack

2011-11-10 07:50 ET - News Release


Mr. Robert Quartermain reports

PRETIUM RESOURCES INC.: MORE HIGH-GRADE GOLD INTERSECTED IN VALLEY OF THE KINGS ZONE

Pretium Resources Inc. has released the final assay results from its Brucejack project in Northern British Columbia, including more exceptionally high-grade results from the Valley of the Kings zone.

Valley of the Kings zone

Selected highlights include:


Hole SU-266 intersected 0.56 metre with uncut grades of 13,600 grams of gold and 6,910 grams of silver per tonne (1.8 feet averaging 396.7 ounces gold and 201.5 ounces of silver per ton);


Hole SU-269 intersected 0.68 metre with uncut grades of 6,110 grams of gold and 2,220 grams of silver per tonne (2.2 feet averaging 178.2 ounces gold and 64.7 ounces silver per ton).

The bonanza-grade intercept in hole SU-266, which ended in mineralization, was intersected in an interval of 5.5 metres with cut grades of 36.8 grams of gold and 261.9 grams of silver per tonne (uncut grades of 1,414.6 grams of gold and 751.6 grams of silver per tonne).

Also of note from drilling in the West zone footwall is hole SU-282, which intersected 0.65 metre grading 395.0 grams of gold and 435.0 grams of silver per tonne in a wider mineralized intersection of 209.18 metres grading 2.5 grams of gold and 29.5 grams of silver per tonne.

2011 top Brucejack high-grade gold intersections

Over the course of the 2011 drilling program at Brucejack, a total of 24 intervals with uncut grades over 1,000 grams per tonne gold were intersected in 17 holes. The top 10 highest-grading gold intersections from the 2011 program (all from the Valley of the Kings zone) are shown in the table, "2011 top 10 highest-grading gold intersections from the Brucejack project."


2011 TOP 10 HIGHEST-GRADING GOLD INTERSECTIONS
FROM THE BRUCEJACK PROJECT

Hole From To Interval Gold Silver
No. (m) (m) (m) (g/t) (g/t)

SU-115 60.60 61.20 0.60 18,754 9,312
SU-260 65.84 66.34 0.50 17,750 7,780
SU-266 343.69 344.25 0.56 13,600 6,910
SU-230 305.73 306.73 1.00 7,420 3,800
SU-150 76.38 76.88 0.50 6,670 3,630
SU-269 295.08 295.76 0.68 6,110 2,220
SU-195 349.39 349.89 0.50 5,740 2,750
SU-115 76.10 76.61 0.51 4,209 2,039
SU-132 57.68 58.18 0.50 4,060 1,660
SU-249 115.59 116.09 0.50 3,880 1,745


The update to the Brucejack project mineral resource estimate is now under way, and is expected to be reported this quarter.


SELECTED BRUCEJACK PROJECT DRILL RESULTS,
NOVEMBER, 2011 (SU-261 TO SU-288)

Hole From To Interval Gold Silver
No. (m) (m) (m) (g/t) (g/t)

Valley of the Kings zone
SU-261 55.5 171.0 115.5 1.95 20.0
incl. 58.91 64.0 5.09 4.70 114.0
incl. 118.0 128.5 10.5 7.00 53.6
incl. 152.8 165.0 12.2 4.38 25.4
SU-262 24.5 26.0 1.5 14.55 741.0
444.5 500.5 56.0 1.24 7.8
SU-263 337.5 416.5 79.0 1.14 4.5
SU-264 175.5 224.5 49.0 0.97 8.8
SU-265 270.0 318.0 48.0 1.026 3.0
447.5 462.5 15.0 1.397 9.7
510.5 512.0 1.5 45.10 31.0
SU-266 246.0 274.5 28.5 1.28 4.6
340.5 346.0 5.5 36.78 261.9
340.5 346.0 5.5 1,414.6 751.6
incl. 343.69 344.25 0.56 13,600 6,910
365.5 366.98 1.48 6.58 1.7
SU-267 72.5 146.5 74.0 0.8 9.4
454.54 455.54 1.0 73.70 70.2
SU-268 189.5 197.0 7.5 3.57 15.4
228.5 236.0 7.5 14.80 15.6
incl. 233.0 234.5 1.5 59.50 36.8
SU-269 176.0 179.0 3.0 5.58 8.3
255.9 275.0 19.1 3.57 15.6
incl. 255.9 260.5 4.6 9.06 24.7
288.5 312.0 23.5 9.3 73.2
incl. 294.32 295.08 0.76 569.0 317.0
incl. 295.08 295.76 0.68 6,110 2,220
SU-270 1.87 15.5 13.63 5.42 8.7
incl. 1.87 2.37 0.5 169.0 22.9
154.5 168.0 13.5 1.27 11.9
SU-271 98.97 102.18 3.21 4.15 8.9
177.05 186.5 9.45 2.70 72.3
SU-272 253.0 268.0 15.0 3.37 7.2
253.0 254.5 1.5 25.7 34.3
SU-273 106.5 129.0 22.5 1.10 17.1
158.5 175.74 17.24 1.30 23.3
208.0 218.5 10.5 9.69 10.9
incl. 215.5 217.0 1.5 63.1 36.2
284.65 285.13 0.48 46.70 11.4
322.0 333.5 11.5 6.06 7.3
incl. 327.15 327.63 0.48 274.0 78.0
SU-274 18.5 23.9 5.4 5.67 20.5
21.5 22.5 1.0 24.4 35.6
104.68 135.5 30.82 0.80 9.5
SU-275 110.86 111.61 0.75 9.21 84.5
SU-276 250 311.5 61.5 0.75 8.1
329.52 339.5 9.98 3.86 5.5
incl. 329.52 330.02 0.5 26.9 33.5
SU-277 264.5 285.5 21.0 0.70 1.4
SU-278 81.0 81.81 0.81 36.4 25.3
116.5 122.8 6.3 10.13 15.3
incl. 119.5 121.0 1.5 34.6 34.0
West zone
SU-279 8.5 29.39 20.89 0.78 37.5
49.0 62.5 13.5 1.67 216.6
incl. 61.22 62.5 1.28 8.06 3,090
158.0 214.0 56.0 1.21 6.6
SU-282 242.32 451.5 209.18 2.53 29.5
incl. 245.0 249.58 4.58 16.6 944.8
incl. 372.0 373.5 1.5 116.0 87.5
incl. 405.92 406.57 0.65 395.0 435.0
SU-283 3.3 128.5 125.2 1.21 13.7
incl. 127.0 128.5 1.5 19.4 27.3
SU-284 88.5 119.5 31.0 0.86 2.7
163.5 264.5 101.0 1.09 8.0
incl. 183.5 188.5 5.0 4.68 18.1
SU-285 3.3 283.5 280.2 0.92 6.1
incl. 188.5 191.5 3.0 11.54 25.8
incl. 254.5 256.0 1.5 9.96 262.0
SU-287 36.0 42.0 6.0 1.84 4.3
Condemnation holes
SU-286 237.37 239.0 1.63 1.50 208.0
SU-288 64.0 75.23 11.23 0.53 219.9
incl. 74.0 75.23 1.23 3.03 1,320
229.0 249.02 20.02 0.73 11.8


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.