Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased
to report additional underground drill results from the Valley of
the Kings Bulk Sample Program (the "Program") currently underway,
as well as additional exploration drilling in the Valley of the
Kings extending beyond the area of the Program. Assays from both
Program and non-Program exploration underground drilling continue
to confirm the projection of high-grade gold mineralized domains,
with numerous intersections encountering gold grading over 1,000
grams per tonne. (See Table 1 below for assays.)
Selected drill highlights include:
-- Hole VU-168 (Program hole) intersected 1,622 grams of gold uncut over
6.25 meters including 9,040 grams of gold uncut over 0.50 meters, 4,610
grams of gold uncut over 0.55 meters and 6,090 grams of gold uncut over
0.50 meters;
-- Hole VU-182 (Program hole intersecting Cleopatra Vein) intersected 714.8
grams of gold uncut over 8.04 meters including 9,900 grams of gold uncut
over 0.50 meters and 1,535 grams of gold uncut over 0.50 meters;
-- Hole VU-136 (Exploration hole) intersected 1,100 grams of gold per tonne
uncut over 0.50 meters.
Of the 15 high-grade gold intersections exceeding 1,000 grams
per tonne, 11 were encountered as part of planned Program fan
drilling, of which four intersected the Cleopatra Vein. Exploration
drilling encountered three high-grade gold intersections exceeding
1,000 grams of gold per tonne within Domain 20 north of the
4268015N drill drift and one was encountered in an area projected
to be an eastern extension of the Valley of the Kings (hole VU-136
noted above).
Bulk Sample Program
Assay results have been received and reported for 13 of the 17
planned drill fans. The number of holes planned to be completed as
part of the Program has increased to 202 holes, comprising
approximately 16,500 meters, from the originally planned 190 drill
holes comprising approximately 15,000 meters. Drill holes have been
added to certain of the drill fans and the north-bound drill holes
on sections 426637.5E and 426652.5E have been lengthened to test
Domain 20. The underground drilling included in the Program is
expected to conclude in mid-September, with a total of 182 drill
holes totaling 15,100 meters completed or in progress to date.
For cross sections of the reported drill fans from the Program
please visit the following link -
http://media3.marketwire.com/docs/pvg909-F1df.pdf.
The excavation of the four cross-cuts and one lateral drift
planned for the 10,000-tonne bulk sample has been completed.
For a plan of the complete Program development at the Valley of
the Kings please visit the following link -
http://media3.marketwire.com/docs/pvg909-F2p.pdf.
The 10,000 tonnes of bulk sample material has been processed
through the sample tower on site and is being transported offsite
to a custom mill located in Montana. Approximately 2,000 tonnes of
bulk sample material has arrived at the mill with the remaining
material scheduled to arrive over the next two months. Milling of
the bulk sample material will commence in late September.
Strathcona Mineral Services Ltd. ("Strathcona") has been engaged
as the independent Qualified Person to oversee and report on the
10,000-tonne bulk sample for the Program.
The 1345-meter level, centered at the 426600E cross-section of
the Valley of the Kings, was selected as the bulk sample location
based on Strathcona's requirements that the bulk sample be
excavated from an area representative of the (a) drillhole density
that informs the Indicated Mineral Resource, (b) average grade of
the Indicated Mineral Resource and the global resource for the
Valley of the Kings, (c) proportion of low-grade, high-grade and
extreme grade populations in the overall Indicated Mineral Resource
and (d) style of stockwork gold mineralization characteristic of
the Valley of the Kings.
Additional Underground and Surface Exploration
Excavation of a drift along the recently-discovered high-grade
Cleopatra Vein in the Valley of the Kings (see news release dated
July 23, 2013) is underway, with raises on Cleopatra planned
following the drifting. Cleopatra has been defined for
approximately 85 meters along strike, 50 meters above the
1345-meter level, 50 meters below the 1345-level and remains open
in all directions. Planning is underway for additional drifting and
cross-cutting in two areas: to the west of the bulk sample
location, and to the north and east on Domain 20.
Underground exploration drilling is currently testing high-grade
mineralization to the west, east and below the bulk sample
location. Approximately 10,000 meters of underground exploration
drilling is expected to be completed in addition to the 16,500
meters of drilling included in the Program, with approximately
6,500 meters completed to date.
The surface drill program at the Valley of the Kings has
commenced with the first drill mobilized to site and targeting
high-grade mineralization in the Valley of the Kings to the west of
the bulk sample location. A second drill will be on site shortly
and will follow-up on high-grade intersections at the eastern
extent of the Valley of the Kings. A total of 5,000 meters is
currently planned for the surface drill program.
Program Reporting
Assay results for completed fans from the underground drilling
will be reported as they are received. Due to the projected time to
complete assaying of the samples from the sample tower,
Strathcona's report on the Program is now expected early in 2014
after compilation of all data. The amount of gold and silver
produced by the mill will be reported as milling of the bulk sample
progresses.
Feasibility Study Update
The Brucejack Project Feasibility Study (see news release dated
June 11, 2013), and associated mine plan and Mineral Reserves, will
be updated following the completion of an updated Mineral Resource
estimate for the Valley of the Kings. The updated Mineral Resource
estimate for the Valley of the Kings will incorporate all 2013
underground and surface drilling and will be prepared following
receipt of all assays for the 2013 drill program.
Table 1: Valley of the Kings Drill Results, September 2013 (VU-126 to VU-
196)(1,2,3)
----------------------------------------------------------------------------
Hole Dip/ From To Interval Gold Silver
No. Azimuth (meters) (meters) (meters) (g/t) (g/t) Capping
----------------------------------------------------------------------------
Bulk Sample Drill Fan Section 426540E (180 Azimuth)
----------------------------------------------------------------------------
VU-172 1/180 12.76 20.25 7.49 5.54 11.46
----------------------------------------------------------------------------
incl 18.78 19.25 0.47 75.80 52.90
----------------------------------------------------------------------------
VU-174 12.5/180 27.44 32.50 5.06 22.85 25.69
----------------------------------------------------------------------------
incl 27.44 27.99 0.55 204.04 211.10
----------------------------------------------------------------------------
40.40 40.91 0.51 25.00 24.80
----------------------------------------------------------------------------
VU-175 23.5/180 4.00 10.20 6.20 24.37 15.24
----------------------------------------------------------------------------
incl 4.50 5.00 0.50 289.00 150.00
----------------------------------------------------------------------------
34.60 40.30 5.70 4.21 6.72
----------------------------------------------------------------------------
incl 35.30 35.80 0.50 30.60 34.10
----------------------------------------------------------------------------
VU-176 32.5/180 25.50 30.50 5.00 1.79 25.63
----------------------------------------------------------------------------
44.00 55.50 11.50 1.37 5.36
----------------------------------------------------------------------------
VU-178 40/180 33.40 41.50 8.10 1.09 31.10
----------------------------------------------------------------------------
VU-181 47/180 0.60 8.90 8.30 27.07 27.07 1 Au
sample
cut
----------------------------------------------------------------------------
0.60 8.90 8.30 249.97 221.02 Uncut
----------------------------------------------------------------------------
incl 7.75 8.25 0.50 4,130 3,580 Uncut
----------------------------------------------------------------------------
43.67 59.50 15.83 1.76 36.22
----------------------------------------------------------------------------
VU-183 -10.5/180 2.65 8.00 5.35 40.90 137.00 1 Au
sample
cut
----------------------------------------------------------------------------
2.65 8.00 5.35 168.47 137.00 Uncut
----------------------------------------------------------------------------
incl 2.65 3.15 0.50 1,795 1,390
----------------------------------------------------------------------------
14.00 20.00 6.00 8.08 24.90
----------------------------------------------------------------------------
incl 18.35 18.85 0.50 84.20 31.90
----------------------------------------------------------------------------
55.50 66.00 10.50 2.19 8.78
----------------------------------------------------------------------------
65.10 65.60 0.50 24.70 25.30
----------------------------------------------------------------------------
VU-185 -21.5/180 11.40 26.00 14.60 1.03 7.26
----------------------------------------------------------------------------
VU-187 -31/180 50.80 64.50 13.70 1.52 10.85
----------------------------------------------------------------------------
VU-189 -39/180 27.50 36.40 8.90 25.47 78.89 1 Au
sample
cut
----------------------------------------------------------------------------
27.50 36.40 8.90 63.11 78.89 Uncut
----------------------------------------------------------------------------
incl 35.00 35.50 0.50 1,100 1,000 Uncut
----------------------------------------------------------------------------
63.50 82.35 18.85 1.38 9.47
----------------------------------------------------------------------------
VU-192 -45.5/180 70.6 89.35 18.75 1.58 14.60
----------------------------------------------------------------------------
VU-194 -53.5/180 27.00 31.20 4.20 1.34 6.15
----------------------------------------------------------------------------
Bulk Sample Drill Fan Section 426570E (180 Azimuth)
----------------------------------------------------------------------------
VU-126 1/180 14.60 42.50 27.90 1.00 5.97
----------------------------------------------------------------------------
VU-128 14/180 71.42 71.91 0.49 107.00 83.00
----------------------------------------------------------------------------
VU-131 25.5/180 18.20 52.00 33.80 1.48 8.20
----------------------------------------------------------------------------
VU-134 35.5/180 54.50 62.12 7.62 18.68 37.87
----------------------------------------------------------------------------
incl 56.30 56.80 0.50 245.00 170.00
----------------------------------------------------------------------------
VU-137 43.5/180 45.60 70.00 24.40 2.74 9.85
----------------------------------------------------------------------------
incl 60.20 60.70 0.50 42.00 12.50
----------------------------------------------------------------------------
VU-139 51/180 2.20 7.40 5.20 1.88 6.36
----------------------------------------------------------------------------
VU-140 -12/180 26.70 42.00 15.30 2.18 8.87
----------------------------------------------------------------------------
incl 39.75 40.20 0.45 17.40 7.30
----------------------------------------------------------------------------
VU-141 -24/180 25.00 43.00 18.00 12.96 21.99 1 Au
sample
cut
----------------------------------------------------------------------------
25.00 43.00 18.00 23.23 21.99 Uncut
----------------------------------------------------------------------------
incl 33.35 33.85 0.50 800.00 492.00 Uncut
----------------------------------------------------------------------------
VU-143 -34/180 30.02 49.90 19.88 13.44 21.03
----------------------------------------------------------------------------
incl 46.69 47.30 0.61 397.00 316.00
----------------------------------------------------------------------------
VU-145 -42.5/180 43.30 52.10 8.80 1.78 4.94
----------------------------------------------------------------------------
VU-146 -50/180 53.50 61.50 8.00 4.13 5.84
----------------------------------------------------------------------------
57.45 57.95 0.50 21.60 8.90
----------------------------------------------------------------------------
VU-148 -59.5/180 53.50 68.00 14.50 1.46 6.80
----------------------------------------------------------------------------
Bulk Sample Drill Fan Section 426577.5E (360 Azimuth)
----------------------------------------------------------------------------
VU-150 -1/360 3.45 14.5 11.05 7.62 16.45
----------------------------------------------------------------------------
4.70 5.20 0.50 136.50 133.00
----------------------------------------------------------------------------
29.50 34.50 5.00 4.83 7.34
----------------------------------------------------------------------------
33.00 33.50 0.50 35.10 15.10
----------------------------------------------------------------------------
VU-151 13.6/360 10.50 17.02 6.52 9.30 15.47
----------------------------------------------------------------------------
11.02 11.52 0.50 105.00 85.80
----------------------------------------------------------------------------
VU-152 26.6/360 10.60 20.00 9.40 1.27 4.19
----------------------------------------------------------------------------
VU-153 37.3/360 18.80 47.7 28.90 2.09 5.87
----------------------------------------------------------------------------
incl 36.93 37.43 0.50 15.05 14.90
----------------------------------------------------------------------------
incl 47.10 47.70 0.60 24.20 30.30
----------------------------------------------------------------------------
VU-155 45.6/360 17.40 30.4 13.00 2.03 6.08
----------------------------------------------------------------------------
76.50 81.60 5.10 2.97 5.44
----------------------------------------------------------------------------
VU-156 54/360 73.55 79.99 6.44 8.40 9.56
----------------------------------------------------------------------------
VU-159 64.6/360 9.48 15.50 6.02 6.75 11.01
----------------------------------------------------------------------------
13.10 13.60 0.50 63.00 23.80
----------------------------------------------------------------------------
81.50 86.40 4.90 64.97 106.61 1 Au
sample
cut
----------------------------------------------------------------------------
81.50 86.40 4.90 155.26 106.61 Uncut
----------------------------------------------------------------------------
81.50 82.00 0.50 54.80 30.70
----------------------------------------------------------------------------
83.00 83.56 0.56 1,220.00 727.00 Uncut
----------------------------------------------------------------------------
84.70 85.33 0.63 61.30 44.40
----------------------------------------------------------------------------
VU-161 -15.5/360 3.00 21.00 18.00 1.24 24.42
----------------------------------------------------------------------------
57.40 57.90 0.50 300.00 247.00
----------------------------------------------------------------------------
VU-164 -28.2/360 29.50 37.20 7.70 30.81 56.23 1 Au
sample
cut
----------------------------------------------------------------------------
29.50 37.20 7.70 43.47 56.23 Uncut
----------------------------------------------------------------------------
incl 32.15 32.65 0.50 625.00 463.00 Uncut
----------------------------------------------------------------------------
66.30 66.80 0.50 70.80 68.30
----------------------------------------------------------------------------
VU-166 -38.5/360 24.00 37.50 13.50 1.84 13.55
----------------------------------------------------------------------------
VU-168 -46.5/360 15.95 32.90 16.95 3.83 10.47
----------------------------------------------------------------------------
15.95 16.45 0.50 82.80 33.00
----------------------------------------------------------------------------
62.80 69.05 6.25 112.24 1,335.74 3 Au
samples
cut
----------------------------------------------------------------------------
62.80 69.05 6.25 1,621.68 1,335.74 Uncut
----------------------------------------------------------------------------
incl 62.80 63.25 0.45 34.00 28.10
----------------------------------------------------------------------------
incl 64.40 64.90 0.50 9,040 6,180 Uncut
----------------------------------------------------------------------------
incl 64.90 65.45 0.55 4,610 6,250 Uncut
----------------------------------------------------------------------------
incl 65.45 65.95 0.50 6,090 3,530 Uncut
----------------------------------------------------------------------------
incl 68.60 69.05 0.45 38.50 24.00
----------------------------------------------------------------------------
VU-171 -55.2/360 20.50 26.50 6.00 2.26 117.77
----------------------------------------------------------------------------
Bulk Sample Drill Fan Section 426622.5E (360 Azimuth)
----------------------------------------------------------------------------
VU-177 -1/0 31.40 37.45 6.05 16.28 34.75
----------------------------------------------------------------------------
incl 35.60 36.10 0.50 176.00 216.00
----------------------------------------------------------------------------
61.10 64.90 3.80 17.77 13.82
----------------------------------------------------------------------------
63.70 64.45 0.75 77.80 48.30
----------------------------------------------------------------------------
VU-179 12/0 1.60 10.40 8.80 4.18 6.36
----------------------------------------------------------------------------
incl 6.00 6.50 0.50 40.60 23.00
----------------------------------------------------------------------------
52.80 61.50 8.70 3.07 10.24
----------------------------------------------------------------------------
VU-180 23.5/0 34.50 38.50 4.00 1.36 13.79
----------------------------------------------------------------------------
VU-182 33.5/0 31.00 38.30 7.30 30.07 36.45 1 Au
sample
cut
----------------------------------------------------------------------------
31.00 38.30 7.30 47.33 36.45 Uncut
----------------------------------------------------------------------------
incl 31.69 32.19 0.50 682.00 460.00 Uncut
----------------------------------------------------------------------------
56.00 64.04 8.04 57.14 441.24 2 Au
samples
cut
----------------------------------------------------------------------------
56.00 64.04 8.04 714.79 714.79 Uncut
----------------------------------------------------------------------------
incl 59.04 59.54 0.50 9,900 5,440 Uncut
----------------------------------------------------------------------------
incl 59.54 60.04 0.50 1,535 1,240 Uncut
----------------------------------------------------------------------------
VU-184 41.5/0 12.00 16.00 4.00 18.68 11.60
----------------------------------------------------------------------------
14.70 15.20 0.50 133.50 54.30
----------------------------------------------------------------------------
60.77 72.50 11.73 83.59 133.16 2 Au
samples
cut
----------------------------------------------------------------------------
60.77 72.50 11.73 231.50 133.16 Uncut
----------------------------------------------------------------------------
incl 60.77 61.27 0.50 31.10 16.20
----------------------------------------------------------------------------
incl 63.45 64.00 0.55 38.30 39.70
----------------------------------------------------------------------------
incl 64.96 65.46 0.50 1,800 849.00 Uncut
----------------------------------------------------------------------------
incl 65.96 66.46 0.50 71.60 72.30
----------------------------------------------------------------------------
incl 67.28 67.78 0.50 2,530 1,400 Uncut
----------------------------------------------------------------------------
VU-186 49/0 23.00 27.00 4.00 6.16 6.24
----------------------------------------------------------------------------
24.80 25.30 0.50 43.50 23.50
----------------------------------------------------------------------------
60.00 64.50 4.50 4.79 14.83
----------------------------------------------------------------------------
62.11 62.61 0.50 30.20 82.30
----------------------------------------------------------------------------
VU-188 58.5/0 8.00 17.50 9.50 1.01 4.07
----------------------------------------------------------------------------
55.00 65.00 10.00 0.92 29.48
----------------------------------------------------------------------------
VU-190 -13/0 37.00 42.73 5.73 13.86 17.86
----------------------------------------------------------------------------
incl 40.40 40.90 0.50 96.30 90.10
----------------------------------------------------------------------------
incl 40.90 41.40 0.50 22.50 15.10
----------------------------------------------------------------------------
62.65 63.15 0.50 32.70 38.60
----------------------------------------------------------------------------
VU-191 -25/0 38.50 54.95 16.45 24.96 22.81 1 Au
sample
cut
----------------------------------------------------------------------------
38.50 54.95 16.45 28.09 22.81 Uncut
----------------------------------------------------------------------------
incl 42.74 43.24 0.50 533.00 279.00 Uncut
----------------------------------------------------------------------------
incl 43.24 44.00 0.76 24.20 18.90
----------------------------------------------------------------------------
incl 54.45 54.95 0.50 310.00 205.00
----------------------------------------------------------------------------
82.00 82.50 0.50 86.40 41.90
----------------------------------------------------------------------------
VU-193 -34.5/0 41.57 43.7 2.13 105.84 224.79 1 Au
sample
cut
----------------------------------------------------------------------------
41.57 43.7 2.13 386.36 224.79 Uncut
----------------------------------------------------------------------------
incl 41.57 42.07 0.50 1,625 930.00 Uncut
----------------------------------------------------------------------------
85.79 86.29 0.50 35.00 14.80
----------------------------------------------------------------------------
VU-195 -42.5/0 0.70 13.50 12.80 1.02 6.23
----------------------------------------------------------------------------
47.30 48.20 0.90 17.00 25.30
----------------------------------------------------------------------------
62.72 66.00 3.28 39.64 26.14
----------------------------------------------------------------------------
62.72 63.25 0.53 237.00 121.00
----------------------------------------------------------------------------
VU-196 -50/0 3.60 17.50 13.90 0.89 6.02
----------------------------------------------------------------------------
Exploration Drilling from Drill Bay 426538E/6258014N Testing to the West
----------------------------------------------------------------------------
VU-138 -41.5/279 10.25 21.90 11.65 37.88 39.30 1 Au
sample
cut
----------------------------------------------------------------------------
10.25 21.90 11.65 53.46 39.30 Uncut
----------------------------------------------------------------------------
incl 10.25 10.75 0.50 793.00 599.00
----------------------------------------------------------------------------
incl 19.00 19.50 0.50 421.00 246.00
----------------------------------------------------------------------------
69.35 69.95 0.60 226.00 180.00
----------------------------------------------------------------------------
144.70 145.15 0.45 44.50 31.20
----------------------------------------------------------------------------
VU-142 0/279 25.81 36.10 10.29 2.27 121.31
----------------------------------------------------------------------------
incl 26.34 26.80 0.46 24.00 44.80
----------------------------------------------------------------------------
VU-144 48.5/279 4.80 15.23 10.43 47.32 26.99 1 Au
sample
cut
----------------------------------------------------------------------------
4.80 15.23 10.43 51.06 26.99 Uncut
----------------------------------------------------------------------------
incl 4.80 5.30 0.50 330.00 142.00
----------------------------------------------------------------------------
incl 12.25 12.75 0.50 217.00 163.00
----------------------------------------------------------------------------
incl 14.73 15.23 0.50 508.00 217.00
----------------------------------------------------------------------------
41.94 42.44 0.50 173.50 88.30
----------------------------------------------------------------------------
80.45 80.95 0.50 70.40 50.90
----------------------------------------------------------------------------
VU-147 18/260 92.90 95.90 3.00 15.58 31.78
----------------------------------------------------------------------------
incl 93.60 94.10 0.50 86.80 107.00
----------------------------------------------------------------------------
245.30 247.50 2.20 7.84 48.56
----------------------------------------------------------------------------
incl 246.30 247.00 0.70 22.30 131.00
----------------------------------------------------------------------------
VU-154 -13/260 4.40 4.90 0.50 184.50 157.00
----------------------------------------------------------------------------
55.20 55.90 0.70 59.00 63.00
----------------------------------------------------------------------------
111.00 111.50 0.50 18.30 9.40
----------------------------------------------------------------------------
VU-165 45/360 25.90 27.90 2.00 202.74 229.48 1 Au
sample
cut
----------------------------------------------------------------------------
25.90 27.90 2.00 385.89 229.48 Uncut
----------------------------------------------------------------------------
incl 25.90 26.80 0.90 837.00 486.00 Uncut
----------------------------------------------------------------------------
incl 27.40 27.90 0.50 36.10 39.90
----------------------------------------------------------------------------
Exploration Drilling from Drill Bay 426659E/6258019N Testing Domain 20
----------------------------------------------------------------------------
VU-149 -66/310 6.05 18.00 11.95 41.99 152.14 2 Au
samples
cut
----------------------------------------------------------------------------
6.05 18.00 11.95 166.68 152.14 Uncut
----------------------------------------------------------------------------
incl 6.05 6.60 0.55 2,430 2,400 Uncut
----------------------------------------------------------------------------
incl 8.10 8.60 0.50 61.00 63.20
----------------------------------------------------------------------------
incl 16.50 17.00 0.50 1,210 605.00 Uncut
----------------------------------------------------------------------------
34.20 58.55 24.35 8.82 9.11
----------------------------------------------------------------------------
55.55 57.05 1.50 124.50 77.80
----------------------------------------------------------------------------
VU-158 1/360 10.7 17.68 6.98 1.83 10.22
----------------------------------------------------------------------------
VU-158 1/360 5.50 11.80 6.30 35.60 75.63 1 Au
A sample
cut
----------------------------------------------------------------------------
5.50 11.80 6.30 149.49 75.63 Uncut
----------------------------------------------------------------------------
incl 6.25 6.75 0.50 1,865 815.00 Uncut
----------------------------------------------------------------------------
VU-160 -45/360 6.50 14.50 8.00 20.99 11.08
----------------------------------------------------------------------------
incl 6.50 7.00 0.50 55.40 20.10
----------------------------------------------------------------------------
incl 7.00 7.50 0.50 250.00 32.80
----------------------------------------------------------------------------
VU-163 45/360 53.50 56.65 3.15 3.37 11.71
----------------------------------------------------------------------------
87.00 91.65 4.65 3.46 9.11
----------------------------------------------------------------------------
VU-167 0/45 5.80 13.70 7.90 4.52 9.16
----------------------------------------------------------------------------
6.80 7.50 0.70 39.30 16.50
----------------------------------------------------------------------------
VU-170 45/45 40.00 45.00 5.00 6.85 111.70
----------------------------------------------------------------------------
incl 42.00 42.50 0.50 27.40 32.20
----------------------------------------------------------------------------
59.50 60.10 0.60 194.50 221.00
----------------------------------------------------------------------------
VU-173 -45/45 5.50 18.00 12.50 1.28 13.04
----------------------------------------------------------------------------
Exploration Hole VU-136 from 426662E/6258013N Targeting Eastern Valley of
the Kings
----------------------------------------------------------------------------
VU-136 -28/109 42.64 55.68 13.04 2.81 8.94
----------------------------------------------------------------------------
incl 46.65 47.32 0.67 22.10 12.00
----------------------------------------------------------------------------
317.80 334.06 16.26 17.48 16.41 1 Au
sample
cut
----------------------------------------------------------------------------
317.80 334.06 16.26 21.45 16.41 Uncut
----------------------------------------------------------------------------
incl 333.06 333.56 0.50 559.00 247.00 Uncut
----------------------------------------------------------------------------
incl 333.56 334.06 0.50 81.50 71.30
----------------------------------------------------------------------------
356.65 370.11 13.46 30.10 31.12 1 Au
sample
cut
----------------------------------------------------------------------------
356.65 370.11 13.46 54.99 31.12 Uncut
----------------------------------------------------------------------------
incl 360.78 361.28 0.50 211.00 185.00
----------------------------------------------------------------------------
incl 366.25 367.75 1.50 52.40 26.10
----------------------------------------------------------------------------
incl 369.61 370.11 0.50 1,100 497.00 Uncut
----------------------------------------------------------------------------
(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.
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, with Probable
Mineral Reserves in the Valley of the Kings totalling 6.6 million
ounces of gold (15.1 million tonnes grading 13.6 grams of gold per
tonne). Brucejack is being advanced as a high-grade underground
mine with an average of 425,700 ounces of gold produced annually
for the first 10 years and an average of 321,500 ounces of gold
produced annually over the Project's 22-year mine life. Commercial
production is 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, 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, 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 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 Vice President, Corporate Relations (604)
558-1784invest@pretivm.com www.pretivm.com
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