Pretium Resources (TSE:PVG)

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Pretium Resources (TSE:PVG)

Postby DoctorSolar » Sun May 29, 2011 7:21 pm

Led by industry veteran Bob Quartermain and owner of one of the five largest gold deposits in North America. I think this one is worthy of your attention.

Pretium Resources Inc. (TSX:PVG) "Pretivm" is advancing its Brucejack and Snowfield gold projects in northern British Columbia, Canada. These adjacent projects host a combined total gold resource which ranks among the largest in North America. The strategy of Pretivm's proven management team is to expand the exploration and economic potential at the Brucejack high-grade opportunity and the Snowfield bulk tonnage opportunity while pursuing grassroots gold exploration and the acquisition of quality gold projects. Pretivm's goal is to deliver "value", as defined by its name.


http://www.pretivm.com/s/Home.asp


Take a look at their recent resources estimates for their brucejack and snowfield properties:

http://www.pretivm.com/s/NewsReleases.asp

I believe they intend to start producing from the high grade material as soon as possible. They are also building roads and establishing power. This is a high quality junior gold that will be producing in the foreseeable future.
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Re: Pretium Resources (TSE:PVG)

Postby Pixel8r » Sun May 29, 2011 8:15 pm

A quick scan of their site and it does look very interesting, looks like they have a truly massive deposit @ Snowfiled and the high grades in the West Zone and Valley of Kings @ Brucejack look like they could be mined to provide funding for development.

Have you found any details on when they plan to go into production?

This video is cool. :)

http://www.pretivm.com/i/media/Pretium_WMV.wmv
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Re: Pretium Resources (TSE:PVG)

Postby DoctorSolar » Mon May 30, 2011 7:10 pm

Pretium Resources Inc.: Brucejack Project High-Grade Gold Drilling Underway

Definition drilling of the Valley of the Kings Zone, where previous drilling has encountered multi-kilogram gold intersections in parallel zones, is the first area of focus for the 2011 program.


Pixel8r wrote:Have you found any details on when they plan to go into production?


After looking at their corporate presentation I doubt we will see any production until well in to 2012.
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Re: Pretium Resources (TSE:PVG)

Postby DoctorSolar » Fri Jun 03, 2011 9:25 pm

Positive PEA for Brucejack Gold Project

PEA Highlights

  • Base case estimated pre-tax Net Present Value (5% discount) of US$662 million and internal rate of return of 27.1%, using US$1,100/oz gold and US$21/oz silver;
  • Mine life of 16 years, with an average processing rate of 1,500 tonnes/day;
  • Annual average production for first ten years of 173,200 ounces of gold and 1.12 million ounces of silver;
  • Estimated capital cost, including contingencies, of US$281.7 million

Summary of Brucejack High-Grade Pre-Tax Economic Results

Alternate Case Base Case(1) Spot Prices at May 27, 2011
Gold price (US$/ounce) $878 $1,100 $1,536.30
Silver Price (US$/ounce) $14.50 $21.00 $37.86
Net Cash Flow $512 million $1.079 billion $2.133 billion
Net Present Value (5.0% discount rate) $255 million $662 million $1.416 billion
Internal Rate of Return 14.3% 27.1% 48.3%
Payback 6.6 years 4.2 years 2.5 years
Exchange Rate (US$:C$) $0.93 $0.93 $1.02
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Re: Pretium Resources (TSE:PVG)

Postby DoctorSolar » Wed Jun 08, 2011 7:04 pm

Brucejack's Valley of the Kings Drilling Intersects 18,755 grams per tonne Gold

Vancouver, British Columbia June 8, 2011; TSX:PVG) - Pretium Resources Inc. ("Pretivm") is pleased to report that one of the first holes drilled in the 2011 Brucejack Project exploration program has encountered the highest-grading gold intersection to date on the property. Selected intercepts from the first 85 meters drilled of hole SU-115, in the Valley of the Kings Zone, include:

  • 0.6 meters with uncut grades of 18,755 grams of gold and 9,312 grams of silver per tonne (2.0 feet averaging 547.1 ounces gold and 271.6 ounces of silver per ton);
  • 1.3 meters with uncut grades of 1,005 grams of gold and 577 grams of silver per tonne (4.2 feet averaging 29.3 ounces gold and 16.8 ounces of silver per ton);
  • 0.5 meters with uncut grades of 4,209 grams of gold and 2,040 grams of silver per tonne (1.6 feet averaging 122.8 ounces gold and 59.5 ounces of silver per ton).

:shock:

I am currently wallowing in the gold stock gulag with everyone else so it's nice to see these phenomenal grades. Wow!!
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Re: Pretium Resources (TSE:PVG)

Postby DoctorSolar » Thu Jul 07, 2011 7:58 pm

Brucejack's Valley of the Kings Zone Drilling Confirms Continuity of High-Grade Gold

Drilling is demonstrating that high-grade gold mineralization in the Valley of the Kings Zone extends from surface to depths in excess of 500 meters. Selected drill highlights include:

  • Hole SU-113 intersected 1.5 meters with uncut grades of 259 grams of gold and 181 grams of silver per tonne (4.9 feet averaging 7.6 ounces gold and 5.3 ounces of silver per ton);
  • Hole SU-115 (previously reported) intersected 0.6 meters with uncut grades of 18,755 grams of gold and 9,312 grams of silver per tonne (2.0 feet averaging 547.1 ounces gold and 271.6 ounces of silver per ton), 1.3 meters with uncut grades of 1,005 grams of gold and 577 grams of silver per tonne (4.2 feet averaging 29.3 ounces gold and 16.8 ounces of silver per ton), and 0.5 meters with uncut grades of 4,209 grams of gold and 2,040 grams of silver per tonne (1.6 feet averaging 122.8 ounces gold and 59.5 ounces of silver per ton);
  • Hole SU-122 intersected 0.5 meters with uncut grades of 507 grams of gold and 153 grams of silver per tonne (1.6 feet averaging 14.8 ounces gold and 4.5 ounces of silver per ton), 1.0 meter with uncut grades of 164 grams of gold and 74 grams of silver per tonne (3.3 feet averaging 4.8 ounces gold and 2.2 ounces of silver per ton) and 1.0 meter with uncut grades of 560 grams of gold and 1,070 grams of silver per tonne (3.3 feet averaging 16.3 ounces gold and 31.2 ounces of silver per ton);
  • Hole SU-128 intersected 1.5 meters with uncut grades of 162 grams of gold and 78.3 grams of silver per tonne (4.9 feet averaging 4.7 ounces gold and 2.3 ounces of silver per ton).

Eleven separate vein intersections in the Valley of the Kings Zone (from the eight holes reported in this release) have assay results higher than the grade cap of 130 grams per tonne gold used in the current Brucejack higher grade mineral resource estimate (see news release dated February 22, 2011).


Folks this is an absolute monster deposit and I sense an easy double from here.
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Re: Pretium Resources (TSE:PVG)

Postby DoctorSolar » Thu Jul 28, 2011 9:39 pm

Pretium Resources Inc.: Brucejack Drilling Continues to Intersect Bonanza-Grade Gold at Valley of the Kings Zone; High-Grade Gold Identified at Gossan Hill Zone

The Valley of the Kings Zone hosts several high grade structures, with mineralization now defined over a length of 400 meters extending from surface to depths of 600 meters below surface. The mineralization remains open at depth and to the east. Visible gold continues to be encountered, generating bonanza-grade intercepts.


The Gossan Hill Zone is located 300 meters north of the West Zone. This year's drilling has encountered high-grade gold as well as significant values over broad widths. Drilling indicates that Gossan Hill has the potential to host several high grade structures associated with broader envelopes of bulk tonnage mineralization.


Still an easy double...
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Re: Pretium Resources (TSE:PVG)

Postby DoctorSolar » Tue Aug 02, 2011 5:51 pm

Good interview with CEO of Pretium Bob Quartermain. He came out of retirement when he saw the grade of the holes drilled at the property.

Watch on youtube.com


Watch on youtube.com
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Re: Pretium Resources (TSE:PVG)

Postby DoctorSolar » Fri Aug 12, 2011 3:45 pm

Brucejack Drilling Continues to Intersect High-Grade Gold in Valley of the Kings Zone

ongoing drilling in the Valley of the Kings Zone continues to intersect high-grade gold mineralization along strike, and visible gold continues to be encountered.


Pretivm Reports Second Quarter 2011 Results

-- Positive Preliminary Economic Assessment (PEA) on the Brucejack high-
grade resource;
-- Increased drill program to include over 70,000 meters, and completed
approximately 34,098 meters in 92 holes at July 31;
-- Joint engineering study underway with Seabridge Gold Inc. examining the
economics of combining Pretivm's Snowfield Project and Seabridge's KSM
Project as a single operation; and
-- Working capital of $35.3 million at the end of the quarter, with an
additional $15,081,500 of flow-through funds raised subsequent to the
end of the quarter.


It seems pretty clear this thing is going to be a mine. Still an easy double.
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Re: Pretium Resources (TSE:PVG)

Postby Pixel8r » Fri Aug 12, 2011 4:03 pm

I bought a few recently, will probably add some more soon as cash becomes available.
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Re: Pretium Resources (TSE:PVG)

Postby DoctorSolar » Sun Sep 18, 2011 7:09 pm

Pixel8r wrote:I bought a few recently, will probably add some more soon as cash becomes available.


KACHINGO! Up 35% since this was brought to y'all. 12% up on Fridays action alone.
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Re: Pretium Resources (TSE:PVG)

Postby Pixel8r » Sun Sep 18, 2011 9:06 pm

DoctorSolar wrote:
Pixel8r wrote:I bought a few recently, will probably add some more soon as cash becomes available.


KACHINGO! Up 35% since this was brought to y'all. 12% up on Fridays action alone.

Yeah thanks for the heads up, I am up 27% now in just over a month. :thumbup:
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Re: Pretium Resources (TSE:PVG)

Postby DoctorSolar » Mon Oct 31, 2011 10:56 pm

Pretium Resources Inc.: Brucejack's Valley of the Kings Drilling Intersects 17,750 Grams Per Tonne Gold

The bonanza-grade interval in hole SU-260 noted above was intersected at a depth of 68.4 meters down-hole, demonstrating the proximity of high-grade, visible gold to surface. Hole SU-260 was drilled 25 meters east of hole SU-115, which also intercepted near-surface high-grade gold with an interval of 0.5 meters with uncut grades of 18,755 grams of gold and 9,312 grams of silver per tonne at a down-hole depth of approximately 60 meters (see news release dated June 8, 2011).
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Re: Pretium Resources (TSE:PVG)

Postby Pixel8r » Mon Oct 31, 2011 11:06 pm

DoctorSolar wrote:Pretium Resources Inc.: Brucejack's Valley of the Kings Drilling Intersects 17,750 Grams Per Tonne Gold

The bonanza-grade interval in hole SU-260 noted above was intersected at a depth of 68.4 meters down-hole, demonstrating the proximity of high-grade, visible gold to surface. Hole SU-260 was drilled 25 meters east of hole SU-115, which also intercepted near-surface high-grade gold with an interval of 0.5 meters with uncut grades of 18,755 grams of gold and 9,312 grams of silver per tonne at a down-hole depth of approximately 60 meters (see news release dated June 8, 2011).

I don't remember ever seeing such high grades ever being reported by anyone else. 17.75 kilo per tonne, wow, that means a tonne of rock yields gold of almost $1 million at current price. 8-)
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Re: Pretium Resources (TSE:PVG)

Postby Pixel8r » Thu Nov 03, 2011 4:25 pm

Bob Quartermain: A Professional View on Gold and Silver

Quartermain shifts his focus from silver to gold

Jim is pleased to be joined by legendary mining executive Bob Quartermain this week. After 25 years at the helm of Silver Standard, Bob has taken on a new challenge as CEO of Pretivm Resources, an exploration company with massive gold reserves in British Columbia, among the largest undeveloped gold resources in the world.

Robert A. Quartermain has extensive experience in geology, exploration and development. Over his 35-year career in the mining industry, Mr. Quartermain has established a solid track record in building shareholder value in the field of precious metals exploration and development. Mr. Quartermain was the president of Silver Standard Resource Inc. for 25 years. Over this period, Silver Standard grew from a small exploration company, with exploration properties and a market capitalization of $2 million, to a company with a producing mine, five advanced exploration and development properties, a pipeline of early stage exploration properties and a market capitalization of $1.9 billion. Mr. Quartermain was the President of Silver Standard through the period of its increased exploration focus on the Snowfield Project and the Brucejack Project and has an intimate working knowledge of these properties. Mr. Quartermain has a Bachelor of Science degree in geology from the University of New Brunswick, a Master of Science degree in mineral exploration from Queen's University and was awarded an honorary Doctor of Science degree from the University of New Brunswick in May 2009.


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Re: Pretium Resources (TSE:PVG)

Postby DoctorSolar » Wed Nov 30, 2011 10:41 pm

Finally some of my gold stocks are making their way out of the gulag! Up 47% in 3 trading days :)

Pretium Resources Inc.: Significant Increase in Brucejack's Gold Resources


Pretium's Quartermain sets stage for high grade Brucejack gold mine
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Re: Pretium Resources (TSE:PVG)

Postby Pixel8r » Wed Nov 30, 2011 11:23 pm

DoctorSolar wrote:Finally some of my gold stocks are making their way out of the gulag! Up 47% in 3 trading days :)

I used the opportunity to load up on a few more while the sales were on. :)
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Re: Pretium Resources (TSE:PVG)

Postby Pixel8r » Sat Dec 17, 2011 10:17 pm

Cool video of the Pretium resource map for Brucejack and Snowfield.

Watch on vimeo.com
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Re: Pretium Resources (TSE:PVG)

Postby Pixel8r » Wed Feb 22, 2012 10:54 am

Pretium Resources Inc.: Updated PEA for Brucejack High-Grade Gold Project

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 estimated at 4.1 years;
  • Estimated initial capital cost, including contingencies, of US$436.3 million;
  • Average operating costs of C$170.90/tonne milled over mine life.
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Re: Pretium Resources (TSE:PVG)

Postby Pixel8r » Thu Feb 23, 2012 10:23 am

Pretium Resources Inc.: Brucejack Project Update

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 be mined in the first 12 years as contemplated in the February 20, 2012 Updated Preliminary Economic Assessment, and tightening the drill spacing with the intent to increase the level of confidence to move Inferred mineral resources to Measured and Indicated mineral resource categories. Inferred mineral resources at the Valley of the Kings currently total 3.23 million ounces of gold at an average grade of 26.89 g/t (see the Technical Report and Updated Preliminary Economic Assessment of the Brucejack Project dated February 20, 2012 filed on SEDAR).

Engineering

A permit application has been filed to access the Valley of the Kings underground by driving an exploration decline from the 1330 meter level of the existing West Zone underground workings. The West Zone has been dewatered past the 1330 meter level and a surveying and geotechnical mapping program has been completed. A 3,500-meter geotechnical surface drill program is now underway to confirm ground conditions between the Valley of the Kings and the West Zone. An isometric of the proposed exploration decline is posted on our web site http://www.pretivm.com.
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