Monday, December 02, 2013 10:24:53 AM
http://finance.yahoo.com/news/pretium-resources-inc-underground-exploration-110000265.html
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 2, 2013) - Pretium Resources Inc. (PVG.TO)(PVG) ("Pretivm") is pleased to report the remaining assay results from underground exploration drilling in the Valley of the Kings. These results include 8 intersections grading greater than 1,000 grams per tonne gold uncut from 6,164 meters of drilling in 46 holes. (See Table 1 below for assays.)
Selected drill highlights include:
•Hole VU-365 intersected 328.91 grams of gold per tonne uncut over 20.50 meters, including 13,400 grams of gold per tonne uncut over 0.50 meters;
•Hole VU-369 intersected 96.71 grams of gold per tonne uncut over 44.95 meters, including 7,700 grams of gold per tonne uncut over 0.50 meters;
•Hole VU-384 intersected 331.99 grams of gold per tonne uncut over 8.00 meters, including 5,210 grams of gold per tonne uncut over 0.50 meters;
•Hole VU-390 intersected 179.14 grams of gold per tonne uncut over 13.50 meters, including 4,780 grams of gold per tonne uncut over 0.50 meters;
•Hole VU-397 intersected 175.44 grams of gold per tonne uncut over 10.78 meters, including 3,770 grams of gold per tonne uncut over 0.50 meters;
•Hole VU-385 intersected 1,200 grams of gold per tonne uncut over 0.50 meters;
•Hole VU-383 intersected 1,095 grams of gold per tonne uncut over 0.50 meters;
•Hole VU-391 intersected 1,040 grams of gold per tonne uncut over 0.50 meters.
The bonanza-grade gold intercepts noted above were encountered in drilling to the east and west, as well as above and below the area of the Valley of the Kings Bulk Sample Program (the "Program").
Underground exploration drilling has expanded the defined Valley of the Kings high-grade gold mineralization to the east, and mineralization remains open in all directions.
For plan views of the reported drilling please visit the following link http://media3.marketwire.com/docs/pretfig21202.pdf.
In 2013 a total of 38,830 meters of underground drilling was completed in the Valley of the Kings, comprising 16,789 meters of Program drilling and 22,041 meters of exploration drilling. Assay results from 2013 drilling include a total of 69 intercepts grading over 1,000 grams per tonne gold uncut (of which 15 were in the Cleopatra Vein).
For a summary table of Valley of the Kings assay results by grade interval please visit the following link http://media3.marketwire.com/docs/pretfig11202.pdf.
Processing of the approximately 1,500 wet tonnes of bulk sample material remaining from the Program is expected to be completed this week, with final results reported after the completion of assaying.
The results both from the 38,830 meters of underground drilling and from milling will be incorporated into the updated Mineral Resource estimate for the Valley of the Kings expected later this month.
Table 1: Valley of the Kings Drill Results, December 2013 (VU-363 to VU-408)(1,2,3,4)
Hole
No.
Dip/
Azimuth
From
(meters)
To
(meters)
Interval (meters)
Gold
(g/t)
Silver
(g/t)
Capping
Exploration Drilling from Drill Bay Section 426700E (180 Azimuth)
VU-363
-44/180
55.50
62.95
7.45
7.05
6.47
incl
62.35
62.95
0.60
79.00
17.30
74.50
80.05
5.55
13.05
11.56
incl
76.26
76.76
0.50
35.30
8.80
incl
78.50
79.00
0.50
30.70
13.00
incl
79.55
80.05
0.50
23.90
15.40
104.50
113.60
9.10
11.91
12.56
105.25
105.75
0.50
207.00
160.00
VU-364
-33/180
3.00
19.50
16.50
21.80
52.67
1 Au sample cut
or
3.00
19.50
16.50
31.52
52.67
Uncut
incl
9.00
10.50
1.50
75.40
156.00
15.10
15.60
0.50
751.00
456.00
Uncut
59.50
63.50
4.00
3.97
6.40
83.55
84.05
0.50
162.00
32.80
VU-365
-18/180
1.00
12.67
11.67
9.37
12.53
incl
1.82
2.32
0.50
78.70
58.90
incl
8.06
8.86
0.80
27.30
24.50
incl
12.17
12.67
0.50
77.80
17.60
21.46
30.03
8.57
5.51
12.13
incl
26.43
26.93
0.50
67.80
47.10
50.50
71.00
20.50
12.57
118.78
1 Au sample cut
or
50.50
71.00
20.50
328.91
118.78
Uncut
incl
69.18
69.68
0.50
13,400
4,690
Uncut
69.68
71.00
1.32
23.10
6.90
VU-366
1/180
0.00
24.00
24.00
3.57
9.67
1.00
2.00
1.00
48.60
42.20
45.00
62.96
17.96
25.39
9.58
incl
48.00
49.50
1.50
283.00
88.50
incl
62.41
62.96
0.55
46.60
24.80
VU-367
24/180
18.00
30.00
12.00
2.64
5.73
VU-368
42/180
55.75
77.60
21.85
11.44
19.87
1 Au sample cut
or
55.75
77.60
21.85
17.89
19.87
Uncut
incl
55.75
56.25
0.50
712.00
577.00
Uncut
77.10
77.60
0.50
49.30
60.90
Exploration Drilling from Drill Bay Section 426700E (165 Azimuth)
VU-369
-35/165
3.55
48.50
44.95
14.10
61.96
2 Au samples cut
or
3.55
48.50
44.95
96.71
61.35
Uncut
incl
4.05
4.50
0.45
24.20
32.90
incl
7.85
8.36
0.51
251.00
90.30
incl
34.47
34.97
0.50
7,770
3,880
Uncut
incl
47.54
48.04
0.50
516.00
352.00
Uncut
68.00
76.00
8.00
29.38
46.17
1 Au sample cut
or
68.00
76.00
8.00
57.88
46.17
Uncut
incl
72.99
73.49
0.50
886.00
624.00
Uncut
VU-370
-20/165
13.50
25.25
11.75
14.63
14.15
incl
17.70
18.30
0.60
266.00
133.00
39.00
47.00
8.00
8.06
31.49
incl
41.53
42.03
0.50
88.70
56.30
VU-371
1/165
28.50
56.00
27.50
7.22
9.65
incl
52.15
52.65
0.50
344.00
280.00
VU-372
30/165
42.00
51.00
9.00
1.38
7.23
VU-373
-45/165
31.00
44.41
13.41
2.25
8.73
57.90
64.20
6.30
19.88
16.79
incl
63.70
64.20
0.50
238.00
163.00
84.40
96.94
12.54
14.10
20.21
incl
93.00
93.50
0.50
300.00
319.00
Exploration Drilling from Drill Bay Section 426700E (150 Azimuth)
VU-374
-40/150
9.00
13.74
4.74
9.10
42.69
incl
11.90
12.50
0.60
64.10
49.00
24.60
34.50
9.90
10.36
35.33
incl
26.20
26.65
0.45
22.30
6.10
incl
28.35
28.95
0.60
96.60
68.20
incl
30.37
30.87
0.50
40.20
289.00
42.77
43.27
0.50
17.05
5.80
64.50
75.50
11.00
10.31
13.94
incl
64.50
65.00
0.50
186.50
131.00
104.50
122.50
18.00
12.26
12.53
incl
112.23
112.73
0.50
175.00
79.00
incl
121.00
122.50
1.50
68.10
29.00
VU-375
-29/150
10.45
26.15
15.70
12.66
25.98
incl
10.45
11.00
0.55
26.00
68.10
incl
17.68
18.18
0.50
275.00
176.00
incl
22.00
22.50
0.50
16.30
62.90
48.70
51.25
2.55
16.02
10.65
incl
48.70
49.20
0.50
73.30
28.00
VU-377
-16/150
22.80
43.43
20.63
11.78
24.04
incl
24.77
25.27
0.50
54.00
24.77
incl
31.25
31.75
0.50
285.00
197.00
incl
42.43
42.93
0.50
103.00
333.00
VU-379
1/150
36.00
65.50
29.50
0.91
5.20
VU-380
16/150
51.50
61.00
9.50
2.59
15.90
VU-382
40/150
21.00
39.00
18.00
1.25
3.54
112.00
113.50
1.50
40.50
25.70
Exploration Drilling from Drill Bay Section 426652E (80 Azimuth)
VU-384
1/80
4.07
15.50
11.43
25.46
28.34
1 Au sample cut
or
4.07
15.50
11.43
41.47
28.34
Uncut
incl
4.07
4.57
0.50
796.00
547.00
incl
14.00
15.50
1.50
48.70
19.00
57.50
72.48
14.98
8.12
13.01
incl
68.25
68.75
0.50
202.00
294.00
136.50
144.50
8.00
33.24
256.74
1 Au sample cut
or
136.50
144.50
8.00
331.99
256.74
Uncut
incl
137.00
137.50
0.50
5,210
2,570
Uncut
137.50
138.00
0.50
48.90
37.90
VU-386
-23/80
100.50
108.00
7.50
1.85
28.13
VU-388
-40/80
3.29
7.50
4.21
7.19
12.21
incl
3.29
3.79
0.50
55.00
84.50
97.50
127.50
30.00
1.47
18.79
VU-390
-52/80
20.14
32.50
12.36
1.82
1.85
94.50
108.00
13.50
18.03
114.47
1 Au sample cut
or
94.50
108.00
13.50
179.14
114.47
Uncut
incl
97.77
98.27
0.50
4,780
1,775
Uncut
VU-392
24/80
68.35
112.00
43.65
6.18
15.04
incl
68.35
68.85
0.50
411.00
99.40
Exploration Drilling from Drill Bay Section 426652E (95 Azimuth)
VU-395
-64/95
20.35
20.85
0.50
68.50
20.10
96.00
137.97
41.97
10.66
15.71
incl
105.38
105.88
0.50
403.00
543.00
incl
113.23
113.73
0.50
47.50
39.90
incl
113.73
114.23
0.50
153.50
97.10
incl
125.67
126.17
0.50
96.10
39.00
incl
133.47
133.97
0.50
21.50
67.30
VU-396
-45/95
100.95
109.00
8.05
13.44
13.50
100.95
101.45
0.50
206.00
140.00
123.40
148.40
25.00
11.09
13.49
1 Au sample cut
or
123.40
148.40
25.00
11.59
13.49
Uncut
incl
123.40
123.90
0.50
455.00
242.00
Uncut
142.02
142.52
0.50
64.40
84.40
VU-400
-23/95
3.73
4.23
0.50
44.80
27.40
27.27
28.27
1.00
92.50
28.80
Exploration Drilling from Drill Bay Section 426652E (110 Azimuth)
VU-403
-62/110
86.90
101.40
14.50
0.69
5.39
VU-404
-50/110
88.30
96.90
8.60
8.55
12.17
incl
91.40
91.90
0.50
69.40
76.40
incl
91.90
92.40
0.50
21.50
20.20
VU-406
-35/110
94.97
95.47
0.50
35.70
13.80
Exploration Drilling from Drill Bay Section 426482E (244 Azimuth)
VU-376
1/244
16.50
18.00
1.50
20.50
15.70
70.46
80.32
9.86
4.17
3.88
incl
70.46
70.96
0.50
66.20
27.70
VU-378
22/244
12.00
37.50
25.50
0.71
6.28
VU-381
40/244
65.00
78.50
13.50
1.30
22.98
VU-383
52/244
46.95
73.50
26.55
1.17
6.74
85.50
106.50
21.00
11.20
25.51
1 Au sample cut
or
85.50
106.50
21.00
27.04
25.51
Uncut
incl
102.97
103.47
0.50
1,095
786.00
Uncut
132.50
142.00
9.50
4.32
8.35
138.62
139.12
0.50
46.90
12.50
VU-385
-22/244
8.77
39.90
31.13
8.77
26.43
1 Au sample cut
or
8.77
39.90
31.13
21.14
26.43
Uncut
incl
8.77
9.27
0.50
1,200
913.00
Uncut
67.00
84.50
17.50
12.81
14.59
1 Au sample cut
or
67.00
84.50
17.50
23.27
14.59
Uncut
incl
76.79
77.29
0.50
796.00
369.00
Uncut
51.00
66.00
15.00
4.69
8.10
incl
63.15
64.85
1.70
23.46
45.94
VU-387
-38/244
13.44
13.94
0.50
18.50
14.30
Exploration Drilling from Drill Bay Section 426482E (231 Azimuth)
VU-389
1/231
23.12
41.50
18.38
8.01
9.38
23.12
23.62
0.50
271.00
152.00
77.50
79.00
1.50
33.40
30.00
VU-391
28/231
50.80
72.50
21.70
13.23
19.74
1 Au sample cut
or
50.80
72.50
21.70
27.29
19.74
Uncut
incl
65.44
65.94
0.50
31.60
20.10
incl
67.44
67.84
0.40
33.30
36.00
incl
67.84
68.34
0.50
1,040
609.00
Uncut
111.50
130.50
19.00
1.86
5.77
VU-393
45/231
37.50
50.15
12.65
8.28
19.24
40.50
42.00
1.50
56.30
37.00
VU-394
-26/231
41.44
77.50
36.06
0.91
2.96
106.10
106.60
0.50
18.50
13.40
VU-397
13.5/231
73.51
84.29
10.78
20.52
111.85
1 Au sample cut
or
73.51
84.29
10.78
175.44
111.85
Uncut
incl
83.29
83.79
0.50
3,770
2,340
Exploration Drilling from Drill Bay Section 426482E (155 Azimuth)
VU-398
23/155
38.72
48.88
10.16
1.39
15.42
VU-399
1/155
39.50
68.00
28.50
1.06
6.19
VU-401(4)
-23/155
83.92
101.50
17.58
10.57
6.25
incl
85.74
86.24
0.50
339.00
92.40
VU-402
-44/155
21.00
26.13
5.13
6.31
21.10
incl
25.50
26.13
0.63
36.40
9.20
105.33
144.00
38.67
1.33
9.28
Exploration Drilling from Drill Bay Section 426616E (100 Azimuth)
VU-405
19/100
34.90
37.90
3.00
1.40
34.20
66.20
110.00
43.80
0.96
11.11
incl
115.00
138.55
23.55
2.40
21.72
incl
120.63
121.13
0.50
40.70
20.00
incl
185.00
186.50
1.50
32.90
33.40
VU-407
43/100
98.10
110.41
12.31
7.92
61.22
incl
102.80
103.39
0.59
32.20
327.00
incl
103.39
103.89
0.50
24.80
259.00
incl
109.91
110.41
0.50
56.40
146.00
135.50
140.65
5.15
7.81
144.76
incl
137.50
138.00
0.50
13.50
197.00
incl
138.00
138.50
0.50
19.05
542.00
154.71
163.20
8.49
8.64
41.65
incl
162.70
163.20
0.50
129.50
206.00
VU-408
63/100
91.33
95.83
4.50
9.12
90.00
92.33
92.83
0.50
34.40
296.00
92.83
93.34
0.51
21.80
191.00
(1)
True thickness to be determined.
(2)
Unless otherwise indicated as uncut, all gold assays over 430 g/t were cut to 430 g/t.
(3)
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 and fire assay with AA finish for gold. Samples over 100 ppm 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.
(4)
Hole ended in mineralization.
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 high-grade gold Brucejack Project, located in northern British Columbia. Permitting of a high-grade underground gold mine at Brucejack is underway, with commercial production targeted to commence in 2016.
Forward Looking Statements
This News Release contains "forward-looking information" and "forward looking statements" within the meaning of applicable Canadian and United States securities legislation. Forward-looking information may include, but is not limited to, the estimated gold to be produced from the bulk sample program, risks related to our planned exploration and development activities, the adequacy of Pretivm's financial resources, the estimation of mineral reserves and resources, realization of mineral reserve and resource estimates and timing of development of Pretivm's Brucejack Project, costs and timing of future exploration, results of future exploration and drilling, production and processing estimates, capital and operating cost estimates, timelines and similar statements relating to the economic viability of the Brucejack Project, timing and receipt of approvals, consents and permits under applicable legislation, Pretivm's executive compensation approach and practice, and adequacy of financial resources. Wherever possible, words such as "plans", "expects", "projects", "assumes", "budget", "strategy", "scheduled", "estimates", "forecasts", "anticipates", "believes", "intends" and similar expressions or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative forms of any of these terms and similar expressions, have been used to identify forward-looking statements and information.
Statements concerning mineral reserve and 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 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 Annual Information Form dated March 18, 2013 filed on SEDAR at www.sedar.com and in the United States on Form 40-F through EDGAR at the SEC's website at www.sec.gov. 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.
Neither the TSX nor the NYSE has approved or disapproved of the information contained herein.
Contact:
Pretium Resources Inc.
Robert Quartermain
President and Chief Executive Officer
Pretium Resources Inc.
Michelle Romero
Vice President, Corporate Relations
(604)558-1784
invest@pretivm.com
www.pretivm.com
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM
VPR Brands (VPRB) Reports First Quarter 2024 Financial Results • VPRB • May 17, 2024 8:04 AM