Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased
to report results from the ongoing drill program at its high-grade
gold Brucejack Project in northern British Columbia. Current
results include a number of assays grading over 1,000 grams per
tonne gold and extend the zone of gold mineralization in the Valley
of the Kings by 100 meters to the east. (See Table 1 below for
assays.)
Selected highlights from the Valley of the Kings include:
-- Hole SU-493 intersected:
-- 1,751 grams of gold per tonne uncut over 1.19 meters (51.1 ounces
gold per ton over 3.9 feet) and
-- 1,668 grams of gold per tonne uncut over 0.85 meters (48.6 ounces
gold per ton over 2.8 feet);
-- Hole SU-468 intersected 1,425 grams of gold per tonne uncut over 0.50
meters (41.6 ounces gold per ton over 1.6 feet);
-- Hole SU-490 intersected 1,350 grams of gold per tonne uncut over 0.50
meters (39.4 ounces gold per ton over 1.6 feet) and
-- Hole SU-498 (previously reported) intersected 3,874 grams of gold per
tonne uncut over 0.50 meters (1.6 feet averaging 112.9 ounces of gold
per ton).
The high-grade intercept noted above from hole SU-468 was
intersected 11.5 meters southeast and 36.0 meters below the
previously-reported bonanza-grade intercept from hole SU-452
grading 41,582 grams per tonne gold uncut over 0.50 meters (see
news release dated July 25, 2012).
Hole SU-496, a 100-meter eastern step-out hole, intersected 30.1
grams of gold and 1,760 grams of silver per tonne over 0.60 meters.
Hole SU-496 was collared on section 426900E and is along trend with
hole SU-458.
Assays over 1,000 grams per tonne gold include the
previously-reported hole SU-498, a step-out hole 60 meters west of
the Brucejack Fault which includes an intercept grading 3,874 grams
per tonne gold uncut over 0.50 meters within a longer interval
grading 1,034 grams of gold per tonne uncut over 1.88 meters (see
news release dated August 14, 2012).
The Valley of the Kings now extends over 700 meters in length
and is open to the east, west, and at depth. An updated plan
showing the current extent of the Valley of the Kings from hole
SU-498 in the west to hole SU-496 in the east will be posted on our
web site, www.pretivm.com.
To view the map that accompanies this press release, please
visit: http://media3.marketwire.com/docs/pvg-0828-map.pdf.
Nine drills are now turning at Brucejack, with a continued focus
on definition drilling and testing extensions of the Valley of the
Kings.
Table 1: Selected Brucejack Project Drill Results, August 2012 (SU-461 to
SU-500)(1,4)
----------------------------------------------------------------------------
Inter-
From To val
Hole Collar Dip/ (met- (met- (met- Gold Silver Capping
No. Coords. Azimuth ers) ers) ers) (g/t) (g/t) (2)
----------------------------------------------------------------------------
VALLEY OF THE KINGS
----------------------------------------------------------------------------
SU-461 6257938N -50/358 190.00 191.50 1.50 16.65 10.00
426625E
----------------------------------------------------------------------------
204.27 207.18 2.91 14.01 18.49
----------------------------------------------------------------------------
incl 206.68 207.18 0.50 66.60 35.80
----------------------------------------------------------------------------
379.30 381.00 1.70 20.70 231.00
----------------------------------------------------------------------------
SU-462 6258135N -50/178 173.64 174.14 0.50 27.20 17.20
426475E
----------------------------------------------------------------------------
183.05 183.55 0.50 14.90 16.40
----------------------------------------------------------------------------
378.80 379.30 0.50 205.00 47.90
----------------------------------------------------------------------------
SU-463 6257960N -45/178 9.50 15.50 6.00 18.31 21.32
426450E
----------------------------------------------------------------------------
incl 9.50 11.00 1.50 39.50 40.90
----------------------------------------------------------------------------
incl 13.42 13.92 0.50 72.50 29.10
----------------------------------------------------------------------------
SU-464 6257990N -45/178 162.00 166.50 4.50 9.32 13.43
426375E
----------------------------------------------------------------------------
incl 165.00 166.50 1.50 23.40 17.90
----------------------------------------------------------------------------
SU-465 6257899N -65/358 229.50 232.50 3.00 5.19 291.00
426800E
----------------------------------------------------------------------------
SU-466 6258021N -50/178 220.50 223.49 2.99 8.27 8.84
426300E
----------------------------------------------------------------------------
SU-467 6258005N -50/178 46.08 46.58 0.50 105.50 59.60
426450E
----------------------------------------------------------------------------
SU-468 6257870N -65/358 40.00 41.50 1.50 7.48 389.00
426625E
----------------------------------------------------------------------------
142.50 144.00 1.50 26.90 19.00
----------------------------------------------------------------------------
216.25 228.13 11.88 26.38 53.64 1 Au
sample
cut
----------------------------------------------------------------------------
or 216.25 228.13 11.88 65.31 49.55 uncut
----------------------------------------------------------------------------
incl 216.25 216.75 0.50 99.30 97.00
----------------------------------------------------------------------------
incl 227.63 228.13 0.50 1,425 857.00
----------------------------------------------------------------------------
288.00 289.50 1.50 22.90 15.10
----------------------------------------------------------------------------
SU-469 6258050N -50/178 169.05 169.55 0.50 201.00 80.10
426300E
----------------------------------------------------------------------------
268.51 270.36 1.85 22.90 20.60
----------------------------------------------------------------------------
SU-470 6258090N -68/178 205.24 205.83 0.59 8.82 32.30
426825E
----------------------------------------------------------------------------
356.00 357.50 1.50 11.50 21.70
----------------------------------------------------------------------------
SU-471 6258003N -48/178 183.00 184.50 1.50 16.30 6.30
426550E
----------------------------------------------------------------------------
SU-472 6257938N -45/358 301.00 302.50 1.50 16.80 43.00
426625E
----------------------------------------------------------------------------
SU-473 6258035N -50/178 90.50 100.00 9.50 18.45 23.45
426450E
----------------------------------------------------------------------------
incl 90.50 92.33 1.83 44.80 28.60
----------------------------------------------------------------------------
incl 98.50 100.00 1.50 58.50 55.40
----------------------------------------------------------------------------
198.99 205.00 6.01 10.86 29.83
----------------------------------------------------------------------------
incl 198.99 199.62 0.63 75.60 75.50
----------------------------------------------------------------------------
SU-474 6258085N -50/178 55.50 57.00 1.50 7.87 96.30
426425E
----------------------------------------------------------------------------
358.16 359.35 1.19 7.58 307.00
----------------------------------------------------------------------------
SU-475 6258027N -60/358 178.50 180.00 1.50 23.40 194.00
426337E
----------------------------------------------------------------------------
213.50 214.19 0.69 10.15 440.00
----------------------------------------------------------------------------
237.84 252.00 14.16 23.06 20.28
----------------------------------------------------------------------------
incl 237.84 238.34 0.50 20.50 26.50
----------------------------------------------------------------------------
incl 250.50 252.00 1.50 201.00 124.00
----------------------------------------------------------------------------
SU-476 6258080N -50/178 127.85 128.35 0.50 17.50 5.90
426300E
----------------------------------------------------------------------------
135.07 135.57 0.50 19.75 10.80
----------------------------------------------------------------------------
173.70 183.00 9.30 21.44 15.33
----------------------------------------------------------------------------
incl 173.70 175.50 1.80 95.30 46.10
----------------------------------------------------------------------------
incl 181.50 183.00 1.50 15.10 12.20
----------------------------------------------------------------------------
SU-477 6257965N -45/178 84.00 85.50 1.50 5.63 145.00
426462E
----------------------------------------------------------------------------
SU-479 6257938N -53/358 212.00 213.36 1.36 6.96 11.50
426625E
----------------------------------------------------------------------------
226.50 227.94 1.44 5.93 8.20
----------------------------------------------------------------------------
SU-480 6258088N -50/178 2.44 3.97 1.53 29.50 1,490
426750E
----------------------------------------------------------------------------
17.50 19.00 1.50 14.70 85.80
----------------------------------------------------------------------------
182.50 185.50 3.00 7.92 13.55
----------------------------------------------------------------------------
SU-481 6258114N -50/178 184.75 194.02 9.27 90.23 64.31 1 Au
426425E sample
cut
----------------------------------------------------------------------------
or 184.75 194.02 9.27 127.96 64.31 uncut
----------------------------------------------------------------------------
incl 184.75 185.25 0.50 403.00 328.00
----------------------------------------------------------------------------
incl 185.25 185.75 0.50 34.90 61.40
----------------------------------------------------------------------------
incl 185.75 186.50 0.75 156.50 101.00
----------------------------------------------------------------------------
incl 191.49 192.36 0.87 902.00 245.00
----------------------------------------------------------------------------
incl 193.02 194.02 1.00 57.60 49.20
----------------------------------------------------------------------------
SU-482 6257903N -50/358 125.11 136.00 10.89 26.48 20.77
426625E
----------------------------------------------------------------------------
incl 125.11 125.63 0.52 372.00 216.00
----------------------------------------------------------------------------
incl 134.50 136.00 1.50 40.80 23.80
----------------------------------------------------------------------------
443.50 445.00 1.50 22.80 17.90
----------------------------------------------------------------------------
SU-484 6257980N -45/178 33.35 41.50 8.15 12.14 17.43
426462E
----------------------------------------------------------------------------
incl 33.35 33.85 0.50 51.40 32.10
----------------------------------------------------------------------------
incl 40.00 41.50 1.50 44.90 61.90
----------------------------------------------------------------------------
SU-485 6257999N -50/358 197.32 197.82 0.50 567.00 305.00
426362E
----------------------------------------------------------------------------
254.67 256.00 1.33 22.00 16.10
----------------------------------------------------------------------------
285.26 285.76 0.50 26.30 5.70
----------------------------------------------------------------------------
SU-486 6258175N -50/178 10.36 10.86 0.50 717.00 611.00
426750E
----------------------------------------------------------------------------
54.85 59.91 5.06 13.63 15.50
----------------------------------------------------------------------------
incl 57.97 58.47 0.50 110.50 68.30
----------------------------------------------------------------------------
154.50 155.95 1.45 79.50 85.00
----------------------------------------------------------------------------
207.00 216.57 9.57 17.89 57.30
----------------------------------------------------------------------------
incl 215.93 216.57 0.64 206.00 65.20
----------------------------------------------------------------------------
393.00 394.50 1.50 17.40 23.90
----------------------------------------------------------------------------
SU-489 6258123N -52/178 42.86 45.71 2.85 35.10 767.49
426675E
----------------------------------------------------------------------------
44.29 45.71 1.42 55.30 914.00
----------------------------------------------------------------------------
SU-490 6258115N -45/178 67.23 79.07 11.84 46.85 38.98 2 Au
426350E samples
cut
----------------------------------------------------------------------------
or 67.23 79.07 11.84 90.43 38.98 uncut
----------------------------------------------------------------------------
incl 67.23 67.73 0.50 682.00 119.00
----------------------------------------------------------------------------
incl 78.07 78.57 0.50 1,350 677.00
----------------------------------------------------------------------------
incl 78.57 79.07 0.50 97.10 43.50
----------------------------------------------------------------------------
364.48 364.98 0.50 517.00 151.00
----------------------------------------------------------------------------
SU-491 6257879N -55/358 250.50 264.63 14.13 19.61 23.17
426637E
----------------------------------------------------------------------------
250.50 251.50 1.00 34.40 53.70
----------------------------------------------------------------------------
264.13 264.63 0.50 443.00 282.00
----------------------------------------------------------------------------
SU-493 6257870N -60/358 143.91 160.88 16.97 56.75 113.75 2 Au
426287E samples
cut
----------------------------------------------------------------------------
or 143.91 160.88 16.97 150.39 113.75 uncut
----------------------------------------------------------------------------
incl 143.91 145.10 1.19 1,751 1250.00 uncut
----------------------------------------------------------------------------
incl 152.87 153.37 0.50 700.00 387.00
----------------------------------------------------------------------------
incl 160.38 160.88 0.50 206.00 404.00
----------------------------------------------------------------------------
258.17 258.81 0.64 128.00 45.90
----------------------------------------------------------------------------
298.38 299.23 0.85 1,668 493.00 uncut
----------------------------------------------------------------------------
SU-495 6258139N -45/178 55.12 55.62 0.50 544.00 325.00
426350E
----------------------------------------------------------------------------
380.34 380.91 0.57 383.00 105.00
----------------------------------------------------------------------------
SU-496 6257882N -68/358 297.80 298.40 0.60 30.10 1760.00
426900E
----------------------------------------------------------------------------
SU-497 6258203N -52/178 79.50 82.50 3.00 18.60 10.10
426675E
----------------------------------------------------------------------------
incl 79.50 81.00 1.50 31.80 10.00
----------------------------------------------------------------------------
254.23 254.73 0.50 47.00 28.30
----------------------------------------------------------------------------
451.44 451.94 0.50 828.00 511.00
----------------------------------------------------------------------------
SU-498(3) 6257960N -50/360 16.00 17.50 1.50 12.50 11.70
426223E
----------------------------------------------------------------------------
75.62 77.50 1.88 136.81 403.83 1 Au
sample
cut
----------------------------------------------------------------------------
or 75.62 77.50 1.88 1,034 403.83 uncut
----------------------------------------------------------------------------
incl 75.62 76.12 0.50 3,874 1504.60 uncut
----------------------------------------------------------------------------
SU-499 6257811N -90/360 55.50 61.50 6.00 0.62 344.75
426503E
----------------------------------------------------------------------------
SU-500 6258143N -50/178 279.50 280.02 0.52 53.50 37.90
426425E
----------------------------------------------------------------------------
428.45 428.95 0.50 17.60 14.60
----------------------------------------------------------------------------
MAMMOTH ZONE
----------------------------------------------------------------------------
SU-483 6257870N -50/178 83.60 86.56 2.96 125.73 90.27
426287E
----------------------------------------------------------------------------
incl 85.00 86.56 1.56 223.00 165.00
----------------------------------------------------------------------------
(1) True thickness to be determined.
(2) Unless otherwise indicated as uncut, all gold assays over 500 g/t were
cut to 500 g/t.
(3) Previously reported.
(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.
Assay results for completed drilling will be reported as they
are received over the course of the 2012 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.
About Pretivm
Pretivm is creating value through gold at its high-grade gold
Brucejack Project, located in northern British Columbia. Brucejack
hosts a major undeveloped high-grade gold resource and
mineralization remains open in all directions. A feasibility study
for a high-grade underground mine in Brucejack's Valley of the
Kings is underway and expected in early 2013.
(SEDAR filings: Pretium Resources Inc.)
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, risks related to
our planned exploration and development activities, the adequacy of
Pretivm's financial resources, the estimation of mineral resources,
realization of mineral resource estimates, 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 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 prospectus
supplement to the short form base shelf prospectus dated March 19,
2012 filed on SEDAR at www.sedar.com and in the United States
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.
The TSX has neither approved nor disapproved of the information
contained herein.
Contacts: Pretium Resources Inc. Robert Quartermain President
and Chief Executive Officer (604) 558-1784 Pretium Resources Inc.
Michelle Romero Corporate Relations Director (604)
558-1784invest@pretivm.com www.pretivm.com
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