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Dec 11. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - Dec. 11, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is very pleased to report that it has been selected to receive the Bill Dennis Award from the Prospectors & Developers Association of Canada ("PDAC") for advancing the Valley of the Kings at its high-grade gold Brucejack Project in northwest British Columbia. The 2013 PDAC Bill Dennis Award, which recognizes a Canadian discovery or prospecting success, will be awarded to Pretivm at the PDAC Annual Awards banquet on March 4, 2013 during the PDAC convention in Toronto. The high-grade gold potential of Brucejack's Valley of the Kings was first discovered in 2009 with a drill hole that intersected 16,949 grams per tonne gold uncut over 1.5 meters. Pretivm began advancing the Valley of the Kings in 2011 and has drilled a total of 174,182 meters to date, with results from the Valley of the Kings continuously delivering significant high-grade gold intercepts, including visible ...
Nov 22. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - Nov. 22, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to report that it has filed on SEDAR "Brucejack Project Mineral Resources Update Technical Report" subsequent to its news release dated November 20, 2012 announcing the high-grade Mineral Resource estimate for Brucejack's Valley of the Kings. The Technical Report, dated November 20, 2012, will also be available on Pretivm's web site at www.pretivm.com under the Brucejack Project section. 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 the second quarter of 2013. (SEDAR filings: Pretium Resources Inc.) Forward-Looking Statement This News Release contains ...
Nov 20. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - Nov. 20, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to report the 2012 Valley of the Kings Mineral Resource estimate for its wholly-owned Brucejack Project, completed by Snowden Mining Industry Consultants ("Snowden") independent Qualified Persons. Indicated Mineral Resources in the Valley of the Kings increased by 66% to 8.5 million ounces of gold at a cut-off grade of 5 grams of gold equivalent per tonne since the interim September 7, 2012 Mineral Resource estimate. Valley of the Kings High-Grade Gold Mineral Resources High-grade gold resources in the Valley of the Kings (5.0 g/t gold-equivalent cut-off) total: 8.5 million ounces of gold in the Indicated Mineral Resource category (16.1 million tonnes grading 16.4 grams of gold per tonne); and 2.9 million ounces of gold in the Inferred Mineral Resource category (5.4 million tonnes grading 17.0 grams of gold per tonne). The Mineral Resource estimate incorporates ...
Nov 8. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - Nov. 8, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to report the following highlights from the third quarter of 2012 and updates for its Brucejack Project in northern British Columbia. Third Quarter 2012 Highlights and Significant Events Announced on July 31, 2012 the bonanza-grade interval from hole SU-452 which, from a downhole depth of 198.79 meters, encountered an average grade of 2,393 grams of gold and 1,605 grams of silver per tonne uncut over 10.71 meters (70.3 ounces gold and 46.8 ounces silver per ton over 35.1 feet), including our highest-grade intercept to date on the Brucejack Project of 41,582 grams of gold and 27,725 grams of silver per tonne uncut over 0.5 meters (1.6 feet averaging 1,212.8 ounces gold and 808.6 ounces silver per ton); Closed a private placement on August 24, 2012 with the issue of 1,150,000 flow-through common shares, inclusive of the exercise of the underwriters' 150,000 ...
Oct 25. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - Oct. 25, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to report that the feasibility study for an underground mine at its high-grade gold Brucejack Project in northern British Columbia is being advanced with an operating rate of 2,700 tonnes per day. The mining method chosen for the feasibility study is long-hole stoping with cemented paste backfill. Stopes will be mined using a combination of longitudinal and transverse mining, depending on zone width and orientation. Cemented paste tailings will be prepared in a paste plant located on surface near the mill and then pumped underground for distribution to the stopes. The feasibility study for the Brucejack Project is expected to be completed in the second quarter of 2013. Ian I Chang, M.A.Sc., P.Eng., Vice President, Project Development, Pretium Resources Inc. is the Qualified Person (QP) responsible for Brucejack Project development. About Pretivm Pretivm is ...
Oct 18. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - Oct. 18, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to report the final assays from its high-grade Brucejack Project in northern British Columbia. Results continue to confirm the projection and continuity of high-grade gold, including more intervals grading over 1 kilogram per tonne gold. ( See Table 1 below for assays. ) Selected highlights from the Valley of the Kings include: Hole SU-557 intersected 7,947 grams of gold per tonne uncut over 0.60 meters (231.8 ounces of gold per ton over 1.97 feet); Hole SU-578 intersected 1,175 grams of gold per tonne uncut over 0.50 meters (34.3 ounces of gold per ton over 1.64 feet) and Hole SU-584 intersected 1,155 grams of gold per tonne uncut over 0.65 meters (33.7 ounces of gold per ton over 2.13 feet). The bonanza-grade gold intercept noted above from hole SU-557, which was collared on section 426525E, was intersected 54 meters deeper and 54 meters north of the interval ...
Oct 3. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - Oct. 3, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to report that drilling in Brucejack's Valley of the Kings continues to confirm the projection and continuity of high-grade gold, with numerous intervals grading over 1 kilogram per tonne gold. ( See Table 1 below for assays. ) Selected highlights from the Valley of the Kings include: Hole SU-542 intersected: 2,258 grams of gold per tonne uncut over 2.30 meters (65.9 ounces of gold per ton over 7.55 feet) and 8,912 grams of gold per tonne uncut over 0.50 meters ( 259.9 ounces of gold per ton over 1.64 feet); Hole SU-548 intersected: 3,450 grams of gold per tonne uncut over 0.50 meters (100.6 ounces of gold per ton over 1.64 feet) and 1,105 grams of gold per tonne uncut over 0.50 meters (32.2 ounces of gold per ton over 1.64 feet); Hole SU-535 intersected: 2,410 grams of gold per tonne uncut over 0.50 meters (70.3 ounces of gold per ton over 1.64 feet) and 1,695 ...
Sep 18. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - Sept. 18, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to report that drilling in Brucejack's Valley of the Kings continues to intersect high-grade gold, with numerous assays grading over 2,000 grams per tonne gold. ( See Table 1 below for assays. ) Selected highlights from the Valley of the Kings include: Hole SU-502 intersected 8,151 grams of gold per tonne uncut over 0.50 meters (237.7 ounces of gold per ton over 1.64 feet); Hole SU-510 intersected 4,673 grams of gold per tonne uncut over 0.59 meters (136.3 ounces of gold per ton over 1.94 feet); Hole SU-526 (previously reported) intersected 4,195 grams of gold per tonne uncut over 1.16 meters (122.3 ounces of gold per ton over 3.81 feet); Hole SU-512 intersected 2,790 grams of gold per tonne uncut over 0.50 meters (81.37 ounces of gold per ton over 1.64 feet); Hole SU-523 intersected: 2,370 grams of gold per tonne uncut over 0.50 meters (69.12 ounces of gold ...
Sep 18. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - Sept. 18, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to report that it has filed on SEDAR "Brucejack Project Mineral Resources Update Technical Report" subsequent to its news release dated September 7, 2012 announcing the interim high-grade Mineral Resource estimate for its Brucejack Project. The Technical Report, dated September 18, 2012, will also be available on Pretivm's web site at www.pretivm.com under the Brucejack Project section. 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 the second quarter of 2013. (SEDAR filings: Pretium Resources Inc.) Forward Looking Statement This News Release contains ...
Sep 17. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - Sept. 17, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") will host a Technical Session on Wednesday, September 19 th in Toronto to discuss the advancing Brucejack high-grade gold project. Pretivm's senior management and an independent Qualified Person representing Snowden Mining Industry Consultants will present the geological model of the Valley of the Kings and the results of the recently-announced Interim Mineral Resource estimate. A live conference call and webcast will be held on Wednesday, September 19that12:00pm (ET). Participants may join the call by accessing the following numbers: Canada & USA Toll Free: 1-800-319-4610 Outside of Canada & USA: +1-604-638-5340 Toronto Local: 416-915-3239 United Kingdom Toll Free: 0808 101 2791 The webcast will be available at http://services.choruscall.ca/links/pretium120919.html . A recorded playback of the call will be available until October 19, 2012 by dialing 1-800-319-6413 or ...
Sep 7. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - Sept. 7, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to report that step-out drilling has extended the zone of high-grade gold mineralization in the Valley of the Kings to the east by over 100 meters. The bonanza-grade intercept from a downhole depth of 400.71 meters in hole SU-526 includes: 1.16 meters with uncut grades of 4,195 grams of gold per tonne (3.8 feet averaging 122.4 ounces gold per ton). Additional high-grade intercepts from a downhole depth of 320.5 meters in hole SU-526 include: 0.5 meters with uncut grades of 150 grams of gold per tonne (1.6 feet averaging 4.4 ounces gold per ton); and 0.5 meters with uncut grades of 752 grams of gold per tonne (1.6 feet averaging 21.9 ounces gold per ton). Assays for a 440 meter section of hole SU-526 have been received. Assays for the remaining 92 meters of hole SU-526 will be reported as they are received. Hole SU-526 was collared on section 427000E along strike ...
Sep 7. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - Sept. 7, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to report an updated, interim high-grade Mineral Resource estimate for its wholly-owned Brucejack Project, completed by Snowden Mining Industry Consultants ("Snowden") independent Qualified Persons. The Mineral Resource estimate, which reflects refined resource modelling as a result of infill drilling, will be used as the basis for feasibility study mine planning now underway. The September 2012 estimate has been based on a consolidated interpretation prepared by geologists from Pretivm and Snowden to cover the drilled part of the Brucejack property. Of significance to the new interpretation is that the mineralized domains have been better defined and more tightly constrained than the previous estimate. On top of this, the new interpretations and model have been prepared including results of drilling information which comprises, since the April 2012 Mineral ...
Aug 28. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - Aug. 28, 2012) - 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 ...
Aug 24. 2012
NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. NEWSWIRE SERVICES Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") is pleased to announce that it has closed its private placement of 1,150,000 flow-through common shares ("Flow-Through Shares") of Pretivm at a price of $18.00 per Flow-Through Share for aggregate gross proceeds of $20,700,000 (the "Offering"). The Offering includes the full exercise of the underwriters' option to purchase an additional 150,000 flow-through common shares pursuant to the previously announced bought deal private placement. The syndicate of underwriters was led by Salman Partners Inc. and included CIBC World Markets Inc. , Cormark Securities Inc. , GMP Securities L.P. and Scotia Capital Inc. The gross proceeds of the Offering will be used to expand the 2012 Brucejack Exploration Program with 100,000 meters of drilling planned, predominantly in the Valley of the Kings. The gross proceeds of the Offering will be used during the ...
Aug 14. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - Aug. 14, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to report that step-out drilling has extended the zone of high-grade gold mineralization in the Valley of the Kings to the west of the Brucejack Fault by over 60 meters. The bonanza-grade intercept from a downhole depth of 75.62 meters in hole SU-498 includes: 0.5 meters grading 3,874 grams of gold per tonne uncut (1.6 feet averaging 112.9 ounces gold per ton). The intercept from SU-498 noted above is part of a longer interval grading 1,034 grams of gold per tonne uncut over 1.88 meters (6.2 feet averaging 30.2 ounces of gold per ton). Assays for the remainder of hole SU-498 will be reported as they are received. Hole SU-498 was collared 62 meters west of the Brucejack Fault on section 426223E, along trend and strike of the Valley of the Kings. The bonanza-grade gold interval from Hole SU-498 was intersected 88 meters west of the interval from hole SU-135 which ...
Aug 8. 2012
NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. NEWSWIRE SERVICES Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") is pleased to announce that it has entered into a bought deal agreement with a syndicate of underwriters led by Salman Partners Inc. (the "Underwriters"), to issue by way of private placement 1,000,000 flow-through common shares ("Flow-Through Shares") of Pretivm at a price of $18.00 per Flow-Through Share for aggregate gross proceeds of $18.0 million (the "Offering"). The Offering is scheduled to close on or about August 24, 2012 , subject to regulatory approvals. The gross proceeds of the Offering will be used to expand the 2012 Brucejack Exploration Program with 100,000 meters of drilling planned, predominantly in the Valley of the Kings. The gross proceeds of the Offering will be used during the 2012 exploration program to incur eligible Canadian Exploration Expenses ("CEE") that will qualify as "flow through mining expenditures", as ...
Aug 2. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - Aug. 2, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to report the following highlights from the second quarter of 2012 and updates for its Brucejack Project in northern British Columbia. Second Quarter 2012 Highlights and Significant Events Announced on April 2, 2012 the adoption of a shareholder rights plan; Announced on April 3, 2012 a high-grade Mineral Resource estimate for Brucejack's Valley of the Kings and West Zone; Completed a marketed offering of our common shares on May 9, 2012, for gross proceeds of $80,540,250; Ended the quarter with working capital of $75,731,479; Announced on July 25, 2012 the highest-grading gold intersection encountered to date at the Brucejack Project, drilled in the Valley of the Kings, of 0.5 meters with uncut grades of 41,582 grams of gold and 27,725 grams of silver per tonne (1.6 feet averaging 1,212.8 ounces gold and 808.6 ounces silver per ton). 2012 Exploration In late ...
Jul 31. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - July 31, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to report the remaining assays for hole SU-452, which includes the highest-grading gold intersection encountered to date at the Brucejack project, and additional bonanza-grade results from drilling in Valley of the Kings. ( See Table 1 below for assays .) The bonanza-grade interval from hole SU-452 now extends over 10 meters, from a downhole depth of 198.79 meters, with an average grade of: 2,393 grams of gold and 1,605 grams of silver per tonne uncut over 10.71 meters (70.3 ounces gold and 46.8 ounces silver per ton over 35.1 feet). The high-grade interval noted above includes the previously-reported record intercept of 41,582 grams of gold and 27,725 grams of silver per tonne uncut over 0.5 meters ( see news release dated July 25, 2012 ). Hole SU-452 also intersected 1,130 grams of gold per tonne uncut over 0.65 meters from a downhole depth of 150.79 meters. A ...
Jul 25. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - July 25, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to report the highest-grading gold intersection encountered to date at the Brucejack project, drilled in the Valley of the Kings. The bonanza-grade intercepts from a downhole depth of 200.97 meters in hole SU-452 include: 0.5 meters with uncut grades of 41,582 grams of gold per tonne (1.6 feet averaging 1,212.8 ounces gold per ton); 0.5 meters with uncut grades of 4,902 grams of gold per tonne (1.6 feet averaging 143.0 ounces gold per ton); 0.5 meters with uncut grades of 2,251 grams of gold per tonne (1.6 feet averaging 65.7 ounces gold per ton). Assays for a three meter section of hole SU-452 have been received, which, including the three intercepts above, average 8,330 grams of gold and 5,628 grams of silver per tonne uncut over the three meters (9.8 feet averaging 243.0 ounces of gold and 164.2 ounces of silver per ton). Assays for the remaining 352 meters ...
Jul 18. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - July 18, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to report more exceptionally high-grade results as phase two high-definition drilling continues in Brucejack's Valley of the Kings. (See Table 1 below for assays.) Selected highlights from the Valley of the Kings include: Hole SU-407 intersected 11,067 grams of gold per tonne uncut over 0.5 meters (323 ounces gold per ton over 1.6 feet); and Hole SU-393 intersected 3,440 grams of gold per tonne uncut over 0.5 meters (100 ounces gold per ton over 1.6 feet); and Hole SU-421 intersected 1,335 grams of gold per tonne uncut over 0.5 meters (39 ounces gold per ton over 1.6 feet). The bonanza-grade intercept from hole SU-407 noted above was intersected approximately 12 meters from surface, and approximately 53 meters southwest from the bonanza-grade intersection in hole SU-115 grading 18,755 grams per tonne gold uncut over 0.6 meters. The intercept from Hole SU-393, ...
Jun 26. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - June 26, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to report initial results from the second phase of drilling at its high-grade gold Brucejack Project in northern British Columbia, where bonanza-grade gold continues to be intersected in the Valley of the Kings. (See Table 1 below for assays.) Selected highlights from the Valley of the Kings include: Hole SU-376 intersected 6,142 grams of gold per tonne uncut over 0.65 meters (179 ounces gold per ton over 2.1 feet); and Hole SU-349 intersected 5,240 grams of gold per tonne uncut over 0.5 meters (161 ounces gold per ton over 1.6 feet). The bonanza-grade intercept from hole SU-376 noted above was intersected approximately 78 meters down-hole in the central corridor of the Valley of the Kings, and is part of the same high-grade chute as the bonanza-grade intersection in hole SU-115 of 18,755 grams per tonne gold uncut over 0.6 meters. The bonanza-grade intercept ...
Jun 6. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - June 6, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to report results from drilling at its high-grade gold Brucejack Project in northern British Columbia which continue to confirm the projection and continuity of high-grade mineralization in the Valley of the Kings, and include a significant number of assays grading over 1,000 grams per tonne gold. (See Table 1 below for assays). Selected highlights from the Valley of the Kings include: Hole SU-345 intersected: 2,470 grams of gold per tonne uncut over 0.7 meters (72 ounces gold per ton over 2.3 feet); and 1,470 grams of gold per tonne uncut over 0.5 meters (43 ounces gold per ton over 1.6 feet); Hole SU-338 intersected 2,350 grams of gold per tonne uncut over 0.64 meters (68 ounces gold per ton over 2.0 feet); Hole SU-341 intersected 1,840 grams of gold per tonne uncut over 0.5 meters (54 ounces gold per ton over 1.6 feet); Hole SU-334 intersected 1,160 grams of ...
May 15. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - May 15, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to report that drill results from its high-grade gold Brucejack Project in northern British Columbia continue to confirm the projection and continuity of high-grade mineralization in the Valley of the Kings. (See Table 1 below for assays). Selected highlights from the Valley of the Kings include: Hole SU-316 intersected 1,855 grams of gold per tonne uncut over 0.54 meters (54 ounces gold per ton over 1.8 feet); Hole SU-325 intersected 1,590 grams of gold per tonne uncut over 0.59 meters (46 ounces gold per ton over 1.9 feet). The high-grade intercept (previously unreported) from hole SU-316 was intersected 566 meters down-hole in an area of projected Inferred mineral resources, and approximately 264 meters down-hole from the previously reported SU-316 intercept of 9,110 grams of gold per tonne uncut over 0.5 meters ( see news release dated April 30, 2012 ). All ...
May 10. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - May 10, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to report the following highlights from the first quarter of 2012 and updates for its Brucejack Project in northern British Columbia. First Quarter 2012 Highlights and Significant Events Began trading on the NYSE on January 12, 2012 under the symbol "PVG", and commemorated the listing by ringing the opening bell that day; Completed a private placement of flow-through common shares for aggregate gross proceeds of $23,125,000; Announced positive results from a National Instrument 43-101 compliant Preliminary Economic Assessment ("PEA") for the high-grade gold and silver resources identified to date at Brucejack; Advanced a feasibility study on the high-grade opportunity at Brucejack, and an underground resource model for the high-grade gold and silver resources in the Valley of the Kings and West Zone; Filed a final short form base shelf prospectus that will enable ...
May 9. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - May 9, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") announces today that the previously announced offering of common shares (the "Offering") has completed and included the exercise in full of the over-allotment option granted to the syndicate of underwriters. The Offering consisted of an aggregate of 5,554,500 shares at a price of $14.50 per share for gross proceeds of $80,540,250. The net proceeds of the Offering will be used to fund ongoing exploration on the Company's Brucejack project in northwestern British Columbia. A copy of the Company's final prospectus supplement dated May 3, 2012 and the short form base shelf prospectus may be obtained in Canada from Scotia Capital Inc. attention: Equity Capital Markets (tel: 416-862-5837), Scotia Plaza, 66th Floor, 40 King Street West, M5W 2X6, Toronto, Ontario; or in the United States, attention: Equity Capital Markets (tel: 212-225-6853), 1 Liberty Plaza, 25th ...
May 3. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - May 3, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") announced that it has entered into an underwriting agreement today with a syndicate of underwriters, in connection with its previously announced marketed offering of common shares (the "Offering"). The underwriters have agreed to purchase 4,830,000 shares at a price of C$14.50 per share (the "Offering Price") for gross proceeds of C$70,035,000. The Offering will be made under a prospectus supplement dated May 3, 2012 to the Company's short form base shelf prospectus dated March 19, 2012, to be filed with the securities regulatory authorities in each of the provinces and territories of Canada except Quebec. The Supplement will also be filed with the U.S. Securities and Exchange Commission ("SEC") as part of a registration statement on Form F-10 in accordance with the Multijurisdictional Disclosure System established between Canada and the United States. The ...
May 2. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - May 2, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") announced today that it intends to file a preliminary prospectus supplement dated May 2, 2012 (the "Supplement") to its short form base shelf prospectus dated March 19, 2012, in connection with a marketed offering of its common shares (the "Offering"). The Supplement will be filed with the securities regulatory authorities in each of the provinces and territories of Canada except Quebec. The Supplement will also be filed with the U.S. Securities and Exchange Commission ("SEC") as part of a registration statement on Form F-10 in accordance with the Multijurisdictional Disclosure System established between Canada and the United States. The Offering will be conducted through a syndicate of underwriters led by Scotia Capital Inc., and is expected to raise gross proceeds of approximately C$60 million. The Company will also grant the underwriters an over-allotment ...
Apr 30. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - April 30, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to report that it has filed on SEDAR "Brucejack Project Mineral Resources Update Technical Report" subsequent to its news release dated April 3, 2012 announcing the high-grade Mineral Resource estimate for its Brucejack Project. The Technical Report, dated April 3, 2012, will also be available on Pretivm's web site at www.pretivm.com under the Brucejack Project section. About Pretivm Pretivm is creating value through gold at its advanced-staged exploration projects Brucejack and Snowfield, located in northern British Columbia. Pretivm is advancing the high-grade, underground gold opportunity at Brucejack, which hosts a significant undeveloped high-grade gold resource. (SEDAR filings: Pretium Resources Inc.) Forward-Looking Statement This Press Release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable ...
Apr 30. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - April 30, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to report initial results from the 2012 drill program at its high-grade gold Brucejack Project in northern British Columbia (see Table 1 below for assays). Selected highlights from the Valley of the Kings include: - Hole SU-316 intersected 9,110 grams of gold per tonne over 0.5 meters (266 ounces gold per ton over 1.6 feet) and 1,035 grams of gold per tonne over 0.8 meters (30 ounces gold per ton over 2.6 feet); - Hole SU-318 intersected 1,490 grams of gold per tonne over 0.7 meters (43 ounces gold per ton over 2.3 feet). 2012 Drill Program An initial 25,000-meter in-fill drill program is underway with seven drills turning and numerous intersections of electrum encountered to date. The first drill holes of the 2012 drill program continue to build on the success of the 2011 drill program with a focus on delineating the eastern end of the Valley of the Kings and ...
Apr 3. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - April 3, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to report a high-grade Mineral Resource estimate for the Valley of the Kings and West Zone of its wholly-owned Brucejack Project located in northern British Columbia. The resource estimate was completed by Snowden Mining Industry Consultants ("Snowden") as part of the feasibility study now underway for the Brucejack Project. Valley of the Kings High-Grade Gold Resources High-grade gold resources in the Valley of the Kings (5.0 g/t gold-equivalent cut-off) now total: - 4.9 million ounces of gold in the Indicated Resource category (8.9 million tonnes grading 17.3 grams of gold per tonne); and - 10.4 million ounces of gold in the Inferred Resource category (12.7 million tonnes grading 25.5 grams of gold per tonne). Table 1: Valley of the Kings Mineral Resource estimate - April 2012(1)(4) (Based on a cut-off grade of 5.0 grams of gold-equivalent/tonne) - ...
Apr 2. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - April 2, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") announces that its Board of Directors has adopted a shareholder rights plan (the "Plan"), subject to TSX acceptance. The purpose of the Plan is to provide Pretivm's Board of Directors and shareholders with sufficient time to fully consider any unsolicited take-over bid for the Company, to ensure that Pretivm's Board of Directors has sufficient time to explore alternative transactions that would maximize value for shareholders, and to encourage the fair treatment of all Pretivm shareholders. Shareholders will be asked to approve the Plan at the annual general and special meeting of shareholders to be held on May 10, 2012. If ratified, the Plan will have an initial term which expires at the annual meeting of shareholders of the Company to be held in 2015, unless terminated earlier. The adoption of the Plan is not in response to any specific proposal to ...
Mar 20. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - March 20, 2012) - NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. NEWSWIRE SERVICES Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") reminds holders of Pretivm common share purchase warrants, exercisable at $12.50 per share, (the "Warrants") that the Warrants will expire at 4pm (Vancouver time) on April 9, 2012. The Warrants have an expiration date of April 7, 2012; however, since the date occurs on a weekend, under the terms of the Warrants the expiration date has been extended to the next business day, April 9, 2012. Each Warrant is exercisable to purchase one common share of Pretivm owned by Silver Standard Resources Inc. (see news release dated April 8, 2011). Pretivm will not receive any of the proceeds from the exercise of the Warrants. Assuming all of the 5,750,000 Warrants are exercised, Silver Standard's share position will be reduced to 21.5% of Pretivm's issued and outstanding shares. The warrants have not been ...
Mar 19. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - March 19, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") has filed a final short form base shelf prospectus (the "Prospectus") with the securities regulatory authorities in each of the provinces and territories of Canada except Quebec. The Prospectus was also filed with the U.S. Securities and Exchange Commission ("SEC") as part of a registration statement on Form F-10 in accordance with the Multijurisdictional Disclosure System established between Canada and the United States. The Prospectus will enable the Company to make offerings of up to an aggregate principal amount of C$180 million of common shares, warrants, units or subscription receipts of the Company, which includes up to C$36 million in common shares owned by Silver Standard Resources Inc. ("Silver Standard") that may be offered by way of a secondary offering under the Prospectus. The securities may be offered in Canada and the United States from ...
Mar 6. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - March 6, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to report the following highlights from the fourth quarter of 2011 and updates for its Brucejack Project in northern British Columbia. Fourth Quarter 2011 Highlights and Significant Events: - Expanded and winterized the Brucejack camp for year-round operations, mobilized crew and equipment to commence de-watering the 5,300 meters of historic West Zone underground workings, completed a power line study examining alternatives for routing electric power into the Brucejack Project and acquired of additional project claims to support potential project infrastructure; - Completed the 2011 drill program totalling 72,144 meters which was successful in significantly increasing the grade and tonnage of the gold resources at the Brucejack Project; - Announced an updated bulk-tonnage Mineral Resource Estimate for Brucejack and a sensitivity analysis of the Brucejack ...
Feb 27. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - Feb. 27, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") is pleased to announce that it has filed a preliminary short form base shelf prospectus (the "Prospectus") with the securities regulatory authorities in each of the provinces and territories of Canada except Quebec. The Prospectus was also filed with the U.S. Securities and Exchange Commission ("SEC") as part of a registration statement on Form F-10 in accordance with the Multijurisdictional Disclosure System established between Canada and the United States. The Prospectus, when made final, will enable the Company to make offerings of up to an aggregate principal amount of C$180 million of common shares, warrants, units or subscription receipts of the Company, which includes up to C$36 million in common shares owned by Silver Standard Resources Inc. ("Silver Standard") that may be offered by way of a secondary offering under the Prospectus. The securities ...
Feb 23. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - Feb. 23, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to provide the following update on the progress of activities now underway at its Brucejack high-grade gold Project in northern British Columbia. Feasibility Study and Resource Model Pretivm has retained Wardrop, a Tetra Tech Company to prepare a feasibility study on the high-grade gold opportunity at Brucejack. As part of the feasibility study, Pretivm has retained Snowden Mining Industry Consultants to provide an underground resource model using Multiple-Indicator Kriging (MIK) estimation for the high-grade gold and silver resources identified to date in the Valley of the Kings and West zones. The feasibility study is expected to be completed by year-end. Exploration An initial program of 24,000 meters of surface infill drilling is planned to commence by the end of February in the Valley of the Kings Zone. The drilling will be focused on the mineralization to ...
Feb 22. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - Feb. 22, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to report results from the National Instrument 43-101-compliant Updated Preliminary Economic Assessment ("PEA") for the high-grade gold and silver resources identified to date at its 100%-owned Brucejack Project in northern British Columbia. The PEA was prepared by Wardrop, a Tetra Tech Company (Tetra Tech). Highlights (base case using US$1,100/oz gold, US$21/oz silver and exchange rate of US$0.93:C$1.00) - Base Case pre-tax Net Present Value (5% discount) of US$2.262 billion; - Mine life of 24 years producing an estimated 6.9 million ounces of gold and 17.0 million ounces of silver; - Average annual production of 325,000 ounces of gold over the first 12 years and 287,000 ounces of gold over the life of mine; - Base Case pre-tax Net Cash Flow over the proposed mine life of US$5.133 billion; - Base Case pre-tax Internal Rate of Return of 29.8%, with payback ...
Feb 17. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - Feb. 17, 2012) - NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. NEWSWIRE SERVICES Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") is pleased to announce that it has closed its private placement of 1,250,000 flow-through common shares ("Flow-Through Shares") of Pretivm at a price of $18.50 per Flow-Through Share for aggregate gross proceeds of $23,125,000 (the "Offering"). The gross proceeds of the Offering will be used to accelerate exploration of the Valley of the Kings Zone with infill and expansion drilling in support of a feasibility study on the high-grade opportunity at the Brucejack Project anticipated to be completed by year-end. The gross proceeds of the Offering will be used during the 2012 exploration program to incur eligible Canadian Exploration Expenses ("CEE") that will qualify as "flow through mining expenditures", as defined in subsection 127(9) of the Income Tax Act (Canada), and "BC ...
Jan 24. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - Jan. 24, 2012) - NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. NEWSWIRE SERVICES Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") is pleased to announce that the syndicate of underwriters, led by Salman Partners Inc. and including GMP Securities L.P. and Cormark Securities Inc., have exercised the option to purchase an additional 250,000 flow-through common shares ("Flow-Through Shares") pursuant to its previously announced bought deal financing. Pretivm has agreed to issue by way of private placement a total of 1,250,000 Flow-Through Shares of Pretivm at a price of $18.50 per Flow-Through Share for aggregate gross proceeds of $23,125,000 (the "Offering"). The Offering is now scheduled to close on or about February 17, 2012, subject to regulatory approvals. The gross proceeds of the Offering will be used to accelerate exploration of the Valley of the Kings Zone with infill and expansion drilling in support of a ...
Jan 19. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - Jan. 19, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) - NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. NEWSWIRE SERVICES Pretium Resources Inc. ("Pretivm" or the "Company") is pleased to announce that it has entered into a bought deal agreement with a syndicate of underwriters led by Salman Partners Inc. (the "Underwriters"), to issue by way of private placement 1,000,000 flow-through common shares ("Flow-Through Shares") of Pretivm at a price of $18.50 per Flow-Through Share for aggregate gross proceeds of $18.5 million (the "Offering"). The Offering is scheduled to close on or about February 14, 2012, subject to regulatory approvals. The gross proceeds of the Offering will be used to accelerate exploration of the Valley of the Kings Zone with infill and expansion drilling in support of a feasibility study on the high-grade opportunity at the Brucejack Project anticipated to be completed by year-end. The gross proceeds of the ...
Jan 12. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - Jan. 12, 2012) - Pretium Resources Inc. ("Pretivm") (TSX:PVG)(NYSE:PVG) is pleased to report that it has filed on SEDAR a Technical Report for the resource estimate on its Brucejack Project, further to its news release dated November 28, 2011 announcing a significant increase in Brucejack's high-grade gold resources. The Technical Report dated January 12, 2012 will also be available on Pretivm's website at www.pretivm.com. About Pretivm Pretivm is creating value through gold at its advanced-staged exploration projects Brucejack and Snowfield, located in northern British Columbia. Pretivm is advancing the high-grade, underground gold opportunity at Brucejack, which hosts a significant undeveloped high-grade gold resource. (SEDAR filings: Pretium Resources Inc.) Forward Looking Statement This Press Release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information may ...
Jan 9. 2012
VANCOUVER, BRITISH COLUMBIA-(Marketwire - Jan. 9, 2012) - Pretium Resources Inc. ("Pretivm") (TSX:PVG) is pleased to report that it has been authorized to list its common shares on the New York Stock Exchange ("NYSE"). Pretivm intends to begin trading on the NYSE on January 12, 2012 under the symbol "PVG", and will commemorate the listing by ringing the opening bell that day. "We have made rapid progress since our launch just over a year ago with exploration success and a significant growth in gold resources," said Robert Quartermain, Pretivm's President and Chief Executive Officer. "The NYSE listing provides an additional platform to expand Pretivm's international profile and broaden our investor base." Pretivm will retain its primary listing on the Toronto Stock Exchange under the trading symbol "PVG". About Pretivm Pretivm is creating value through gold at its advanced-staged exploration projects Brucejack and Snowfield, located in northern British Columbia. Pretivm is advancing ...