Issue link: http://resourceworld.uberflip.com/i/102869
Newswire Dissemination, SEDAR and EDGAR services since 1998 SEDAR filings starting at $25.00 Newswire Dissemination starting at $95.00 Unlimited Words EMAIL: sales@FSCwire.com PREtIUM hItS BONANzA-GRADE GOLD At BRUCEjACk PROjECt Pretium Resources Inc. [PVG-TSX; NYSE] reports drilling at the 100%-owned Brucejack Project's Valley of the Kings area northeast of Stewart, northwest British Columbia, continues to confirm the projection and continuity of high-grade gold, with numerous intervals grading over one kilogram per tonne gold. Selected highlights from the Valley of the Kings include: • Hole SU-542 intersected 2,258 grams gold/tonne uncut over 2.30 metres (65.9 oz/ton over 7.55 feet) and 8,912 grams/ tonne uncut over 0.50 metres (259.9 oz/ton over 1.64 feet). • Hole SU-548 intersected 3,450 grams gold/tonne uncut over 0.50 metres (100.6 oz/ton over 1.64 feet) and 1,105 grams/ tonne uncut over 0.50 metres (32.2 oz/ton over 1.64 feet). • Hole SU-535 intersected 2,410 grams gold/tonne uncut over 0.50 metres (70.3 oz/ton over 1.64 feet) and 1,695 grams/ tonne uncut over 0.60 metres (49.4 oz/ton over 1.97 feet). The two bonanza-grade gold intercepts noted above from hole SU-542, which was collared on Section 426300E, are located 120 metres deeper and 12.5 metres east of the bonanza-grade gold interval from SU-493 grading 1,751 grams gold/tonne uncut over 1.2 metres, and approximately two metres east of the interval from hole SU-340 grading 150 grams/tonne over 1.0 metre. Additionally, hole SU-542 encountered two exceptionally high-grade intervals near surface: an interval grading 1,780 grams gold/tonne uncut over 0.5 metres at a downhole depth of 16.0 metres, and an interval grading 2,420 grams/tonne uncut over 0.5 metres at a downhole depth of 20.8 metres. Hole SU-535, which was collared on Section 426325E, intercepted a total of 10 separate gold intervals grading over NOVEMBER 2012 PHONE: 1-866-873-8327 12 grams gold/tonne, with six grading over 100 grams/tonne, from a down-hole depth of approximately 12.5 metres to a downhole depth of 501.6 metres. The two bonanza intercepts noted above are located 35 metres southeast of the near-surface intercepts from SU-542. WEB: www.FSCwire.com CAtEGORY tONS COPPER (%) POUNDS COPPER Measured 58,977,000 0.26 306,680,000 Indicated 156,733,000 0.24 752,318,000 INtERNAtIONAL ENEXCO INCREASES CONtACt COPPER PROjECt RESOURCES International Enexco Ltd. [IEC-TSXV; IEXCF-OTCQX; IE6-FRANKFURT] has released an updated mineral resource estimate for its 100%-owned Contact Copper Project in Elko County, northeast Nevada. Measured plus indicated resources contain an estimated 1.06 billion pounds of copper, an increase of 49% over the previous estimate. 0.25 1,058,998,000 Inferred The Valley of the Kings now extends over 800 metres in strike length and is open to the east, west and at depth. The 2012 Brucejack exploration program is nearing conclusion, and the final assays will be reported when they are received. The assays for all holes after SU-466 will be incorporated in the final 2012 mineral resource estimate for the Brucejack Project expected later in Q4 2012 or Q1 2013. A feasibility study for a high-grade underground mine in Brucejack's Valley of the Kings is underway and expected in the second quarter 2013. Measured+ Indicated 215,710,000 0.24 70,921,000 340,421,000 There is an increase of 17% in the inferred copper resource to 329 million pounds; also at a 0.10% copper cut-off. The updated mineral resource estimate incorporates results from 42,418 feet (12,932 metres) of drilling following a significant land acquisition from Allied Nevada Gold Corp. in 2011. The study updates a previous mineral resource estimate in the 2010 NI 43-101 Technical Report Pre-feasibility Study Update for the Contact Copper Project. The copper mineralization at the Contact Copper Project is comprised of multiple high-grade veins within an envelope of lower grade mineralization within granodiorite. A single stage indicator approach was selected to model high grade zones. Copper grades were estimated from the drill hole data base, with assays capped at 10% copper, using an inverse distance squared (ID-2) algorithm and dynamic anisotropy derived from geostatistical analysis. The resource was categorized into measured, indicated and inferred categories based on cumulative frequency distribution of estimation variance of the resulting block estimates. The mineral resources are global estimates and are unconstrained within the block model for the resources estimate. The Contact Copper Project is a copper oxide project that is planned to use the low cost SX-EW recovery technique to produce copper cathode on site. n www.resourceworld.com 49