Brucejack Bonanza-Grade Gold Project, BC Dr. Warwick Board, P.Geo., Chief Geologist 29 January 2013

Transcription

1 Brucejack Bonanza-Grade Gold Project, BC Dr. Warwick Board, P.Geo., Chief Geologist 29 January 2013

2 CAUTIONARY STATEMENT Forward Looking Information This Presentation contains forward-looking information within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of Forward-looking information may include, but is not limited to, information with respect to the anticipated production and developments in our operations in future periods, our planned exploration and development activities, the adequacy of our financial resources, the estimation of mineral resources, realization of mineral resource estimates, costs and timing of development of the projects we currently intend to acquire (the Projects ), costs and timing of future exploration, results of future exploration and drilling, timing and receipt of approvals, consents and permits under applicable legislation, our executive compensation approach and practice, the composition of our board of directors and committees, and adequacy of financial resources. Wherever possible, words such as plans, expects or does not expect, budget, scheduled, estimates, forecasts, anticipate or does not anticipate, believe, intend and similar expressions or statements that certain actions, events or results may, could, would, might or will be taken, occur or be achieved, have been used to identify forward-looking 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 (often, but not always, using words or phrases such as expects, anticipates, plans, projects, estimates, assumes, intends, strategy, goals, objectives, potential or variations thereof, or stating that certain actions, events or results may, could, would, might or will be taken, occur or be achieved, or the negative of any of these terms and similar expressions) 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. Many of these risks are listed and described in our final short-form prospectus dated March 19, 2012 (the Prospectus ), which is available for review on SEDAR at under our profile. Although we have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Forward-looking information involves statements about the future and is inherently uncertain, and our actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in the Prospectus under the heading Risk Factors. Our forward-looking information is based on the beliefs, expectations and opinions of management on the date the statements are made, and 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. National Instrument Technical and scientific information contained herein relating to the Projects is derived from National Instrument ( NI ) compliant technical reports ( Reports ) Technical Report and Updated Resource Estimate on the Snowfield Property and Technical Report and Updated Resource Estimate on the Brucejack Property dated February 18, 2011; Technical Report and Preliminary Economic Assessment of the Snowfield Brucejack Project dated October 28, 2010 ; Technical Report and Preliminary Economic Assessment of the Brucejack Project dated June 3, 2011; Technical Report and Updated Preliminary Economic Assessment of the Brucejack Project dated February 20, 2012 Mineral Resources Update Technical Report dated April 3, 2012 and Mineral Resources Update Technical Report dated September 18, We have filed the Reports under our profile at Technical and scientific information not contained within the Reports for the Projects have been prepared under the supervision of Mr. Kenneth C. McNaughton, an independent qualified person under NI This presentation uses the terms measured resources, indicated resources (together M&I ) and inferred resources. Although these terms are recognized and required by Canadian regulations (under NI ), the United States Securities and Exchange Commission does not recognize them. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. There is no guarantee that all or any part of the mineral resource will be converted into mineral reserves. In addition, inferred resources have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre feasibility studies, or economic studies, except for a Preliminary Assessment as defined under NI Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable. Currency Unless otherwise indicated, all dollar values herein are in Canadian $. 2

3 Agenda Location and History Brucejack Geology Mineral Resource Model Bulk Sample Concluding Remarks 3

4 BRUCEJACK PROJECT LOCATION 4

5 EXPLORATION AND OWNERSHIP HISTORY Exploration by various companies Reclamation Permit MX Approval in principle for development of a mine at West Zone 1989 Mine Development Certificate issued April 15, 1993 (MDC 92-06) 1993 Reclamation Completion (MEND 9.1c) 1999 Project Assessment Certificate allowed to expire (PAC M98-03) 2006 Acquisition by Pretivm Dec West Zone Feasibility Study completed 1998 Development plans suspended 2009 Discovery of Valley of the Kings Zone West Zone discovery by Newhawk km underground development of West Zone Acquisition by Silver Standard Resources Inc Permitted for high-grade exploration program and exploration road (MX-1-832), (MX-1-842) 5

6 REGIONAL GEOLOGIC SETTING ~190 Ma Stikinia Cache Creek Ocean ~173 Ma Stikinia Bowser Basin Cache Creek Terrane Quesnellia ~110 Ma Insular Belt Intermontane Belt Farallon Plate 6

7 REGIONAL GEOLOGIC SETTING 7

8 REGIONAL GEOLOGIC SETTING 8

9 REGIONAL GEOLOGIC SETTING Iskut-Stewart Culmination Section - Schematic VMS ESKAY CREEK Au, Ag GRANDUC - Cu DOLLY VARDEN-TORBRIT - Ag ANYOX Cu, Au, Ag 9

10 REGIONAL GEOLOGIC SETTING Iskut-Stewart Culmination Section - Schematic Porphyry-style KERR-SULPHURETS-MITCHELL-IRON CAP - Cu-Au (±Ag±Mo) SNOWFIELD Au (±Mo±Cu) 10

11 REGIONAL GEOLOGIC SETTING Iskut-Stewart Culmination Section - Schematic Transitional epithermal Intrusion-related BRUCEJACK Au-Ag SILBAK PREMIER-BIG MISSOURI Au-Ag (Zn-Pb-Cu) RED MOUNTAIN Au HOMESTAKE RIDGE Au-Ag 11

12 REGIONAL GEOLOGIC SETTING McTagg Anticlinorium LEGEND Middle to Upper Jurassic Bowser Lake Group Middle Jurassic Iskut River formation (Upper Hazelton Group) Late Triassic to Early Jurassic intrusive rocks Lower to Middle Jurassic Hazelton Group Upper Triassic Stuhini Group Fault Fold axial trace 0 km 5 N 12

13 REGIONAL GEOLOGIC SETTING McTagg Anticlinorium LEGEND Middle to Upper Jurassic Bowser Lake Group Middle Jurassic Iskut River formation (Upper Hazelton Group) Late Triassic to Early Jurassic intrusive rocks Lower to Middle Jurassic Hazelton Group Upper Triassic Stuhini Group Fault Fold axial trace 0 km 5 POTASSIC CHLORITE-SERICITE PROPYLITIC N 13

14 REGIONAL GEOLOGIC SETTING McTagg Anticlinorium LEGEND Middle to Upper Jurassic Bowser Lake Group Middle Jurassic Iskut River formation (Upper Hazelton Group) Late Triassic to Early Jurassic intrusive rocks Lower to Middle Jurassic Hazelton Group Upper Triassic Stuhini Group Fault Fold axial trace POTASSIC CHLORITE-SERICITE PROPYLITIC SERICITIC (PHYLLIC) 0 km 5 N 14

15 REGIONAL GEOLOGIC SETTING McTagg Anticlinorium LEGEND Middle to Upper Jurassic Bowser Lake Group Middle Jurassic Iskut River formation (Upper Hazelton Group) Late Triassic to Early Jurassic intrusive rocks Lower to Middle Jurassic Hazelton Group Upper Triassic Stuhini Group Fault Fold axial trace POTASSIC CHLORITE-SERICITE PROPYLITIC 0 km 5 SERICITIC (PHYLLIC) STRATIGRAPHIC N YOUNGING 15

16 BRUCEJACK PROPERTY GEOLOGY 16

17 BRUCEJACK PROPERTY GEOLOGY Brucejack Fault Brucejack Lake N 500 m 17

18 BRUCEJACK PROPERTY GEOLOGY Brucejack Fault Gossan Hill Shore Zone N West Zone Brucejack Lake Valley of the Kings Bridge Zone 500 m N 500 m Key g/t AuEq g/t AuEq >15.0 g/t AuEq 18

19 BRUCEJACK PROPERTY GEOLOGY N Valley of the Kings 500 m Key g/t AuEq g/t AuEq >15.0 g/t AuEq 19

20 STOCKWORK MINERALIZATION 20

21 MINERALIZATION VISIBLE GOLD 21

22 MINERALIZATION VISIBLE GOLD 22

23 BRUCEJACK PROPERTY -STRUCTURE N 400 m 23

24 BRUCEJACK PROPERTY -STRUCTURE N 400 m 24

25 BRUCEJACK PROPERTY -STRUCTURE N 400 m 25

26 BRUCEJACK PROPERTY -STRUCTURE S N 100 m 26

27 STRUCTURE: TRACE ELEMENT GEOCHEM. 27

28 BRUCEJACK DEFORMED STOCKWORK 28

29 BRUCEJACK DEFORMED STOCKWORK 29

30 BRUCEJACK GEOCHRONOLOGY TSX, NYSE:PVG 30

31 BRUCEJACK GEOCHRONOLOGY Re-Os dates for stockwork-hosted molybdenite: 190.2±0.8 Ma; 191.5±0.8 Ma TSX, NYSE:PVG 31

32 BRUCEJACK DEPOSIT MODEL Porphyry-related Transitional Meso-to Epithermal Stockwork Gold System Hazelton Group Stockwork mineralization Volcaniclastic basin fill Source: Nelson and Colpron (2007) Stuhini Group Dyke ~190 Ma Stikinia Cache Creek Ocean Porphyry Mineralization 1 km Stock 32

33 BRUCEJACK DEPOSIT MODEL Mineralizing Fluids Permeable Conglomerate Silica Caprock High T Sericite Stuhini Group Hazelton Group 33

34 BRUCEJACK DEPOSIT MODEL Brucejack Snowfield TSX, NYSE:PVG After Sillitoe (2010) 34

35 BRUCEJACK MINERAL RESOURCE ESTIMATE Gossan Hill Shore Zone West Zone Mineral Resource Estimate April 2012 West Zone N (Based on a cut-off grade of 5.0 grams of gold-equivalent/tonne) Contained (3) Category Tonnes (mil) Gold (g/t) Silver (g/t) Gold (Moz.) Silver (Moz.) Measured Indicated M+I Inferred (2) Valley of the Kings Mineral Resource Estimate November 2012 (Based on a cut-off grade of 5.0 grams of gold-equivalent/tonne) 500 m Valley of the Kings Bridge Zone Key g/t AuEq g/t AuEq >15.0 g/t AuEq Contained (3) Category Tonnes (mil) Gold (g/t) Silver (g/t) Gold (Moz.) Silver (Moz.) Indicated Inferred (2) (1) Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, marketing, or other relevant issues. The Mineral Resources in this news release were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council. (2) The quantity and grade of reported Inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred Resources as an Indicated or Measured Mineral Resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured Mineral Resource category. (3) Contained metal may differ due to rounding. (4) The Mineral Resource estimate is defined using 5 m by 5 by 5 m blocks in the well drilled portion of West Zone (5 m by 10 m drilling or better) and 10 m by 10 m by 10 m blocks in the remainder of West Zone and in Valley of the Kings. (5) The gold equivalent value is defined as AuEq=Au + Ag/53 35

36 VOK MINERAL RESOURCE CONTINUITY Bench (m) Gold (Oz) , , , , , , , , , , , , , , , , ,600 W AuEq (g/t) > m thick slice along N E 36

37 GOLD HITS / CONSISTENT GRADE Year Hole number by series Over 1 kilogram per tonne 500-1,000 g/t g/t g/t g/t 5 15 g/t Annual total Subtotal: Total: ,031 1,841 Valley of the Kings Indicated Grade Resource Estimate (Snowden) Cumulative Drilling (m) Indicated Gold Resource Ounces (millions) Indicated Gold Grade (g/t) April , September , November ,

38 1345 LEVEL PLAN VIEW N 50 m 38

39 VOK ZONE -BULK SAMPLE LOCATION Siltstone, litharenite, pebble conglomerate Polylithic Conglomerate 60 Intensely Silicified Conglomerate Fragmental Volcanic Rocks Hbl-phyric Latite Flow N Key (g/t AuEq) >60 Only Indicated and Inferred blocks greater than 5 g/t AuEq shown 39

40 VOK BULK SAMPLE Q2/Q3 10,000-tonne bulk sample from Valley of the Kings Strathcona Mineral Services to oversee sampling Sample tower located on site Remainder of sample to be processed to produce gold Source: Strathcona Mineral Services Limited, Meladine Project 40

41 BULK SAMPLE: RAMP PROGRESS 5 X 5 meter slashing of existing West Zone workings completed Turned towards Valley of the Kings, with over 100 meters completed as of 20 January 2013 Total ramp planned is 541 meters in length Junction of 1314 re-muck (l) and Valley of the Kings ramp(r) 41

42 BULK SAMPLE: RAMP PROGRESS EXISTING DEVELOPMENT WEST ZONE 42

43 ADVANCING BRUCEJACK: EXPLORATION Q Channel sample the ramp from West Zone to Valley of the Kings Complete ramp from West Zone to Valley of the Kings Q Underground sampling/drilling Valley of the Kings 10,000-tonne underground bulk sample from Valley of the Kings Sample Tower Mid 2013 (post bulk sample) Process bulk sample Valley of the Kings expansion drilling 43

44 ADVANCING BRUCEJACK: EXPLORATION Q Channel sample the ramp from West Zone to Valley of the Kings Complete ramp from West Zone to Valley of the Kings Q Underground sampling/drilling Valley of the Kings 10,000-tonne underground bulk sample from Valley of the Kings Sample Tower Mid 2013 (post bulk sample) Process bulk sample Valley of the Kings expansion drilling 44

45 ADVANCING BRUCEJACK: DEVELOPMENT Q Feasibility Study Q Environmental Assessment Application H2 2013/H Basic and detailed engineering 2015 Construction Ongoing First Nations and community consultation 45

46 HIGH-GRADE GOLD WITH SIZE M&I + Inferred Gold Grade (g/t) Kirkland Lake Mine (Kirkland Lake) F2 Deposit (Rubicon) Pogo Mine (Sumitomo) Buritica (Continental) Kensington Mine (Coeur) Cerro Moro (Yamana) Casa Berardi (Aurizon) El Penon Mine (Yamana) Red Lake Mine (Goldcorp) Eleonore (Goldcorp) Cerro Negro (Goldcorp) Valley of the Kings Indicated Gold: g/t Au Inferred Gold: g/t Au M&I + Inferred Gold Resources (Moz.) November 2012 Valley of the Kings High-Grade Gold Mineral Resource based on a cut-off grade of 5.0 grams of gold-equivalent/tonne. Data sources: Intierra Ltd., NRH. 46

47 Advancing a major high-grade gold resource in Canada CONTACT Phone: Fax: Toll-free: invest@pretivm.com HEAD OFFICE Pretium Resources Inc. 570 Granville St. Suite 1600 Vancouver, BC Canada V6C 3P1 COMMON SHARES TSX/NYSE:PVG Issued: 94.8 million Fully diluted: million 52-week hi/low: $18.15/$8.27 Market cap: $1.3 billion