GOLD RESOURCE: Pretium reveals new numbers for the Brucejack

BRITISH COLUMBIA – Vancouver-based Pretium Resources has new resource estimates for the valley of the Kings and West zone of its Brucejack gold project 65 km north of Stewart.

The Valley of the Kings has 8.9 million tonnes at 17.3 g/t Au and 14.5 g/t Ag in the indicated category, plus 12.7 million tonnes at 25.5 g/t Au and 11.6 g/t Ag. Contained gold may top 15 million oz.

The West zone has measured and indicated resources of 4.9 million tonnes at 5.85 g/t Au and 347 g/t Ag, as well as an inferred resource of 4.0 million tonnes grading 6.44 g/t Au and 82 g/t Ag. The zone may contain 1.5 million oz of gold and over 50 million oz of silver.

Pretium updated the Brucejack preliminary economic assessment as a high grade project in February 2012. The base case pre-tax net present value (5% discount) is given as US$2.26 billion. The estimated initial capital cost is US$436.3 million. A mine life of 24 years would produce and estimated 6.9 million oz of gold and 17.0 million oz of silver.

Detailed information, including technical reports, is available at Pretivm.com.