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New all-time high yet again! $8.87
Another nice move today. This one is finally starting to wake up.
New 2.5 year high!
PVG.TO +10% $11.70
New all-time high today after filling the gap at $9.50 and consolidatng for a couple of weeks, though unfortunately left another small gap this morning from $10.77 to $10.85. Don't matter much though. Looks like the next leg higher is starting. Analyst reports due out soon?
EXK EDR.TO +9.31% $8.10
My favorite silver midcap besides AXU
Endeavour Silver Expands Indicated and Inferred Silver-Gold-Zinc-Lead Resources at the Parral Project in Chihuahua State, Mexico
http://finance.yahoo.com/news/Endeavour-Silver-Expands-iw-3954254254.html?x=0&.v=1
"Our 2010 drill program at Parral was successful at extending the previously drilled poly-metallic vein mineralization on the El Cometa property further north onto the San Juanico properties. As a result, the resource tonnes and contained metals in the indicated and inferred resources all rose substantially over the previous estimate."
"Endeavour now plans to commission a preliminary economic analysis of the Parral Project in order to determine how best to develop the project to commercial production. The Parral properties are located only one kilometer from an operating 500 tonne per day, government-owned, custom flotation and cyanidation process plant."
Agreed - NGM.v is just getting started
Next Detour Gold DGC.T or Osisko Mining OSK.T may be pushing it a bit (Though I hope not!!!!)
I liken it similar to the next Timmins TMM.v, but every miner is unique of course.
NGM.V NTGMF +20% $0.61
Northern Gold Hits 209 Meters of 1.44 g/t Including 1 Meter of 97.88 g/t, 3 Meters of 19.85 g/t & 108 Meters of 2.33 g/t, Plus 2 Meters of 10.34 g/t, 9 Meters of 2.64 g/t & 29 Meters of 2.05 g/t
http://finance.yahoo.com/news/Northern-Gold-Hits-209-Meters-ccn-3003855159.html?x=0&.v=1
Int'l Speculator says buy Pretium Resources
So where is this news?
Where did you read "From 1.2 to 1.5M onces "High grade" in NEVADA"
????
Down to fill the gap at $7.40 and then on to new highs from there?
Pretty sweet loan for a company with a market cap of only $85 million?
Wow someone wants in!
BRD.TO
Do they have an estimate on how many ounces per year they will be producing once up and running fully? Cash cost estimate? $280 market cap nothing to sneeze at but could be some room.
Pretivm PVG.TO PXZRF fairly valued here?
Snowfield and Brucejack got their promised updated resources today and yesterday to little fanfare (so far atleast).
More development will come but news will likely be slow.
However I still think Pretivm will get another MAJOR catalyst once analyst reports come out. (soon I hope)
Future drill results from both projects will also be closely watched and could be explosive.
If you haven't done so already go to http://www.pretivm.com/s/Home.asp and click on the "project video" on lower right hand side of page - very cool!
Uranium Stocks - Thoughts on outlook?
All have pulled back lately. Time to start heading higher again?
What's your fav.?
URG, URZ, URRE, DNN... just go with URA?
Pretium Resources Inc.: Snowfield Resources Increase
http://finance.yahoo.com/news/Pretium-Resources-Inc-iw-1284700966.html?x=0&.v=1
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 02/23/11) - Pretium Resources Inc. (TSX:PVG - News) ("Pretivm") is pleased to report mineral resources at its wholly-owned Snowfield Project of 25.9 million ounces of Measured and Indicated gold resources and 9.0 million ounces of Inferred gold resources at a cut-off grade of 0.30 grams of gold-equivalent per tonne. The Snowfield Project is located 65 kilometers north of the town of Stewart, British Columbia.
Silver, copper, molybdenum and rhenium mineral resources at the Snowfield Project now total:
-- Silver resources of 75.8 million ounces of Measured and Indicated resources and 51.0 million ounces of Inferred resources;-- Copper resources of 2.98 billion pounds of Measured and Indicated resources and 1.10 billion pounds of Inferred resources;-- Molybdenum resources of 258.3 million pounds of Measured and Indicated resources and 127.7 million pounds of Inferred resources; and-- Rhenium resources of 22.5 million ounces of Measured and Indicated resources and 11.5 million ounces of Inferred resources.
Snowfield and Brucejack
With the mineral resource estimate for Snowfield (summarized in Table 1) and the recently announced mineral resource estimate for the Brucejack Project (see news release dated February 22, 2011), bulk-tonnage gold and silver mineral resources have increased by 33% and 64%, respectively, at the combined project. Measured and Indicated resources increased to 34.1 million ounces of gold and 191.9 million ounces of silver and Inferred resources increased to 21.7 million ounces of gold and 202.2 million ounces of silver (at a cutoff grade of 0.30 grams of gold-equivalent per tonne).
Exploration expenditures at the Snowfield and Brucejack Projects during 2010 totaled approximately $21.5 million. This translates to finding costs of $1.26 per ounce of gold-equivalent or $0.028 per ounce of silver-equivalent (equivalent based on gold and silver only and a gold/silver ratio of 45).
Table 1: Snowfield Mineral Resource Summary - February 2011(1)(Based on a cut-off grade of 0.30 grams of gold-equivalent/tonne)--------------------------------------------------------------------------- Contained (3) -------------------------------- Moly Rhen Copper (3) (3) Tonnes Sil- Cop- Gold Silver (bil- (mil- (mil-Cate- (mill- Gold ver per Moly Rhen ('000 ('000 lion lion liongory ions) (g/t) (g/t) (%) (ppm) (ppm) oz) oz) lbs) lbs) oz)---------------------------------------------------------------------------Meas-ured 189.8 0.82 1.69 0.09 97.4 0.57 4,983 10,332 0.38 40.8 3.5---------------------------------------------------------------------------Indi-cated 1,180.3 0.55 1.73 0.10 83.6 0.50 20,934 65,444 2.60 217.5 19.0------------------------------------------------------------------------------------------------------------------------------------------------------M+I 1,370.1 0.59 1.72 0.10 85.5 0.51 25,917 75,776 2.98 258.3 22.5------------------------------------------------------------------------------------------------------------------------------------------------------Infe-rred(2) 833.2 0.34 1.90 0.06 69.5 0.43 9,029 50,964 1.10 127.7 11.5---------------------------------------------------------------------------(1) Mineral resources for the February 2011 estimate are defined within aWhittle optimized pit shell that incorporates project metal recoveries,estimated operating costs and metals price assumptions. Parameters used inthe estimate include metals prices (and respective recoveries) ofUS$1,025/oz. gold (71%), US$16.60/oz. silver (70%), US$3/lb. copper (70%),US$19/lb. molybdenum (60%) and rhenium US$145/oz (60%). The pitoptimization utilized the following cost parameters: Mining US$1.75/tonne,Processing US$6.10/tonne and G&A US$0.90/tonne along with pit slopes of 45degrees. Mineral resources which are not mineral reserves do not havedemonstrated economic viability. The estimate of mineral resources may bematerially affected by environmental, permitting, legal, marketing, orother relevant issues. The mineral resources in this news release wereestimated using the Canadian Institute of Mining, Metallurgy and Petroleum(CIM), CIM Standards on Mineral Resources and Reserves, Definitions andGuidelines prepared by the CIM Standing Committee on Reserve Definitionsand adopted by CIM Council.(2) The quantity and grade of reported Inferred resources in thisestimation are uncertain in nature and there has been insufficientexploration to define these inferred resources as an Indicated or Measuredmineral resource and it is uncertain if further exploration will result inupgrading them to an Indicated or Measured mineral resource category.(3) Contained metal may differ due to rounding. "Moly" refers tomolybdenum. "Rhen" refers to rhenium.
Grade and tonnage estimates within the 0.3 grams of gold equivalent per tonne optimized pit shell at a cut-off grade of 0.5 grams of gold-equivalent per tonne contain 25.2 million ounces of Measured and Indicated gold resources and 6.8 million ounces of Inferred gold resources:
Table 2: Snowfield Grade & Tonnage 0.5 g/t gold-equivalentMineral Resource Summary - February 2011 (1)(Based on a cut-off grade of 0.5 grams of gold-equivalent/tonne within the 0.3 grams of gold-equivalent/tonne optimized pit shell)--------------------------------------------------------------------------- Contained (3) -------------------------------- Moly Rhen Copper (3) (3) Tonnes Sil- Cop- Gold Silver (bil- (mil- (mil-Cate- (mill- Gold ver per Moly Rhen ('000 ('000 lion lion liongory ions) (g/t) (g/t) (%) (ppm) (ppm) oz) oz) lbs) lbs) oz)---------------------------------------------------------------------------Meas-ured 184.2 0.83 1.71 0.09 98.6 0.58 4,940 10,109 0.37 40.0 3.4---------------------------------------------------------------------------Indi-cated 1,087.4 0.58 1.78 0.11 86.4 0.50 20,271 62,049 2.64 207.1 17.5------------------------------------------------------------------------------------------------------------------------------------------------------M+I 1,271.6 0.62 1.77 0.11 88.2 0.51 25,211 72,158 3.01 247.1 20.9------------------------------------------------------------------------------------------------------------------------------------------------------Infe-rred(2) 510.5 0.41 2.26 0.07 86.9 0.48 6,802 37,089 0.79 97.8 7.9---------------------------------------------------------------------------(1), (2) and (3), See footnotes to Table 1.
Grade and tonnage estimates within the 0.3 grams of gold equivalent per tonne optimized pit shell at a cut-off grade of 1.5 grams of gold-equivalent per tonne contain 4.4 million ounces of Measured and Indicated gold resources and 275 thousand ounces of Inferred gold resources:
Table 3: Snowfield Grade & Tonnage 1.5 g/t gold-equivalentMineral Resource Summary - February 2011(1)(Based on a cut-off grade of 1.5 grams of gold-equivalent/tonne within the 0.3 grams of gold-equivalent/tonne optimized pit shell)--------------------------------------------------------------------------- Contained (3) -------------------------------- Moly Rhen Copper (3) (3) Tonnes Sil- Cop- Gold Silver (bil- (mil- (mil-Cate- (mill- Gold ver per Moly Rhen ('000 ('000 lion lion liongory ions) (g/t) (g/t) (%) (ppm) (ppm) oz) oz) lbs) lbs) oz)---------------------------------------------------------------------------Meas-ured 38.8 1.62 1.77 0.08 126.6 0.84 2,022 2,209 0.07 10.8 1.0---------------------------------------------------------------------------Indi-cated 65.7 1.14 2.31 0.20 86.0 0.55 2,411 4,887 0.29 12.5 1.2------------------------------------------------------------------------------------------------------------------------------------------------------M+I 104.5 1.32 2.11 0.16 101.1 0.66 4,433 7,096 0.36 23.3 2.2------------------------------------------------------------------------------------------------------------------------------------------------------Infe-rred(2) 7.1 1.21 5.72 0.29 50.9 0.51 275 1,306 0.05 0.8 0.1---------------------------------------------------------------------------(1), (2) and (3), See footnotes to Table 1.
The above mineral resource estimates were prepared by Eugene Puritch, P.Eng., F.H. Brown, M.Sc. (Eng.), CPG Pr.Sci.Nat., and Antoine Yassa, P.Geo., of P&E Mining Consultants Inc. ("P&E") of Brampton, Ontario, independent qualified persons, as defined by National Instrument 43-101. Mr. Puritch and Brown have reviewed and approved the contents of this news release.
The Snowfield Project resources were estimated from 192 drill holes completed by Silver Standard Resources Inc. totaling 76.4 km in length. Grade capping levels were derived for each resource domain from examination of probability and capping graphs. Bulk density values were derived from a total of 601 measurements and applied per lithological unit. The Snowfield Project mineral resource estimate is contained within a volume of 15,520 million m3.
Engineering Studies
With the significant increase in bulk-tonnage resources and the definition of a high-grade resource at the Brucejack Project, Pretivm is assessing various alternatives for advancing the combined projects to pre-feasibility. Pretivm has initiated a preliminary economic assessment examining the economics of a higher grade mining operation at the Brucejack Project, which is expected to be completed in the third quarter of this year. Concurrently, engineering studies will be advanced to optimize economics of the Snowfield Project.
About Pretivm
Pretivm is a start-up company that intends to acquire, explore and develop gold and precious metals resource properties, initially in the Americas. Pretivm has 100% interest in the Snowfield and Brucejack Projects in northern British Columbia; combined they represent one of the largest underdeveloped gold resources in North America. Pretivm's near term objectives are to focus on the high-grade gold opportunity at Brucejack, to advance the Projects to pre-feasibility and to explore for and acquire other precious metal resource properties.
(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 include, but is not limited to, information with respect to our plans, costs and timing for future exploration (including updated resource estimates) and development activities, results of future exploration, timing and receipt of approvals, consents and permits under applicable legislation, production and developments in our operations in future periods 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, including, without limitation, those risks identified in Pretivm's final prospectus (Pretium Resources Inc.) filed on SEDAR at www.sedar.com. Forward-looking information is based on the expectations and opinions of Pretivm's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise. 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.
Qualified Person
Kenneth C. McNaughton, M.A.Sc., P.Eng., is the Qualified Person (QP) for Pretium Resources Inc. and is responsible for the Snowfield and Brucejack Project exploration programs and has verified and supervised the preparation of the exploration data. All samples were submitted for preparation and analysis by ALS Chemex at its facilities in Terrace, B.C. All samples were analyzed using multi-digestion with ICP finish. Samples over 100 ppm silver were reanalyzed using four acid digestion with an ore grade AA finish. Samples over 1,000 ppm silver were fire assayed with a gravimetric finish. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. One in 20 samples was blank, one in 20 was a standard sample, and differing one in 20 samples was a field duplicate one-quarter split core assayed at ALS Chemex in Vancouver, B.C.
The TSX has neither approved nor disapproved of the information contained herein.
Contact:
Contacts:Pretium Resources Inc.Robert QuartermainChief Executive Officer and President604.558.1784Pretium Resources Inc.Joe OvsenekChief Development Officer & Vice President604.558.1784604.558.4784 (FAX)invest@pretivm.comwww.pretivm.com
A miner actaully doing what it said it was going to do!
Pretium Resources Inc.: Snowfield Resources Increase
http://finance.yahoo.com/news/Pretium-Resources-Inc-iw-1284700966.html?x=0&.v=1
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 02/23/11) - Pretium Resources Inc. (TSX:PVG - News) ("Pretivm") is pleased to report mineral resources at its wholly-owned Snowfield Project of 25.9 million ounces of Measured and Indicated gold resources and 9.0 million ounces of Inferred gold resources at a cut-off grade of 0.30 grams of gold-equivalent per tonne. The Snowfield Project is located 65 kilometers north of the town of Stewart, British Columbia.
Silver, copper, molybdenum and rhenium mineral resources at the Snowfield Project now total:
-- Silver resources of 75.8 million ounces of Measured and Indicated resources and 51.0 million ounces of Inferred resources;-- Copper resources of 2.98 billion pounds of Measured and Indicated resources and 1.10 billion pounds of Inferred resources;-- Molybdenum resources of 258.3 million pounds of Measured and Indicated resources and 127.7 million pounds of Inferred resources; and-- Rhenium resources of 22.5 million ounces of Measured and Indicated resources and 11.5 million ounces of Inferred resources.
Snowfield and Brucejack
With the mineral resource estimate for Snowfield (summarized in Table 1) and the recently announced mineral resource estimate for the Brucejack Project (see news release dated February 22, 2011), bulk-tonnage gold and silver mineral resources have increased by 33% and 64%, respectively, at the combined project. Measured and Indicated resources increased to 34.1 million ounces of gold and 191.9 million ounces of silver and Inferred resources increased to 21.7 million ounces of gold and 202.2 million ounces of silver (at a cutoff grade of 0.30 grams of gold-equivalent per tonne).
Exploration expenditures at the Snowfield and Brucejack Projects during 2010 totaled approximately $21.5 million. This translates to finding costs of $1.26 per ounce of gold-equivalent or $0.028 per ounce of silver-equivalent (equivalent based on gold and silver only and a gold/silver ratio of 45).
Table 1: Snowfield Mineral Resource Summary - February 2011(1)(Based on a cut-off grade of 0.30 grams of gold-equivalent/tonne)--------------------------------------------------------------------------- Contained (3) -------------------------------- Moly Rhen Copper (3) (3) Tonnes Sil- Cop- Gold Silver (bil- (mil- (mil-Cate- (mill- Gold ver per Moly Rhen ('000 ('000 lion lion liongory ions) (g/t) (g/t) (%) (ppm) (ppm) oz) oz) lbs) lbs) oz)---------------------------------------------------------------------------Meas-ured 189.8 0.82 1.69 0.09 97.4 0.57 4,983 10,332 0.38 40.8 3.5---------------------------------------------------------------------------Indi-cated 1,180.3 0.55 1.73 0.10 83.6 0.50 20,934 65,444 2.60 217.5 19.0------------------------------------------------------------------------------------------------------------------------------------------------------M+I 1,370.1 0.59 1.72 0.10 85.5 0.51 25,917 75,776 2.98 258.3 22.5------------------------------------------------------------------------------------------------------------------------------------------------------Infe-rred(2) 833.2 0.34 1.90 0.06 69.5 0.43 9,029 50,964 1.10 127.7 11.5---------------------------------------------------------------------------(1) Mineral resources for the February 2011 estimate are defined within aWhittle optimized pit shell that incorporates project metal recoveries,estimated operating costs and metals price assumptions. Parameters used inthe estimate include metals prices (and respective recoveries) ofUS$1,025/oz. gold (71%), US$16.60/oz. silver (70%), US$3/lb. copper (70%),US$19/lb. molybdenum (60%) and rhenium US$145/oz (60%). The pitoptimization utilized the following cost parameters: Mining US$1.75/tonne,Processing US$6.10/tonne and G&A US$0.90/tonne along with pit slopes of 45degrees. Mineral resources which are not mineral reserves do not havedemonstrated economic viability. The estimate of mineral resources may bematerially affected by environmental, permitting, legal, marketing, orother relevant issues. The mineral resources in this news release wereestimated using the Canadian Institute of Mining, Metallurgy and Petroleum(CIM), CIM Standards on Mineral Resources and Reserves, Definitions andGuidelines prepared by the CIM Standing Committee on Reserve Definitionsand adopted by CIM Council.(2) The quantity and grade of reported Inferred resources in thisestimation are uncertain in nature and there has been insufficientexploration to define these inferred resources as an Indicated or Measuredmineral resource and it is uncertain if further exploration will result inupgrading them to an Indicated or Measured mineral resource category.(3) Contained metal may differ due to rounding. "Moly" refers tomolybdenum. "Rhen" refers to rhenium.
Grade and tonnage estimates within the 0.3 grams of gold equivalent per tonne optimized pit shell at a cut-off grade of 0.5 grams of gold-equivalent per tonne contain 25.2 million ounces of Measured and Indicated gold resources and 6.8 million ounces of Inferred gold resources:
Table 2: Snowfield Grade & Tonnage 0.5 g/t gold-equivalentMineral Resource Summary - February 2011 (1)(Based on a cut-off grade of 0.5 grams of gold-equivalent/tonne within the 0.3 grams of gold-equivalent/tonne optimized pit shell)--------------------------------------------------------------------------- Contained (3) -------------------------------- Moly Rhen Copper (3) (3) Tonnes Sil- Cop- Gold Silver (bil- (mil- (mil-Cate- (mill- Gold ver per Moly Rhen ('000 ('000 lion lion liongory ions) (g/t) (g/t) (%) (ppm) (ppm) oz) oz) lbs) lbs) oz)---------------------------------------------------------------------------Meas-ured 184.2 0.83 1.71 0.09 98.6 0.58 4,940 10,109 0.37 40.0 3.4---------------------------------------------------------------------------Indi-cated 1,087.4 0.58 1.78 0.11 86.4 0.50 20,271 62,049 2.64 207.1 17.5------------------------------------------------------------------------------------------------------------------------------------------------------M+I 1,271.6 0.62 1.77 0.11 88.2 0.51 25,211 72,158 3.01 247.1 20.9------------------------------------------------------------------------------------------------------------------------------------------------------Infe-rred(2) 510.5 0.41 2.26 0.07 86.9 0.48 6,802 37,089 0.79 97.8 7.9---------------------------------------------------------------------------(1), (2) and (3), See footnotes to Table 1.
Grade and tonnage estimates within the 0.3 grams of gold equivalent per tonne optimized pit shell at a cut-off grade of 1.5 grams of gold-equivalent per tonne contain 4.4 million ounces of Measured and Indicated gold resources and 275 thousand ounces of Inferred gold resources:
Table 3: Snowfield Grade & Tonnage 1.5 g/t gold-equivalentMineral Resource Summary - February 2011(1)(Based on a cut-off grade of 1.5 grams of gold-equivalent/tonne within the 0.3 grams of gold-equivalent/tonne optimized pit shell)--------------------------------------------------------------------------- Contained (3) -------------------------------- Moly Rhen Copper (3) (3) Tonnes Sil- Cop- Gold Silver (bil- (mil- (mil-Cate- (mill- Gold ver per Moly Rhen ('000 ('000 lion lion liongory ions) (g/t) (g/t) (%) (ppm) (ppm) oz) oz) lbs) lbs) oz)---------------------------------------------------------------------------Meas-ured 38.8 1.62 1.77 0.08 126.6 0.84 2,022 2,209 0.07 10.8 1.0---------------------------------------------------------------------------Indi-cated 65.7 1.14 2.31 0.20 86.0 0.55 2,411 4,887 0.29 12.5 1.2------------------------------------------------------------------------------------------------------------------------------------------------------M+I 104.5 1.32 2.11 0.16 101.1 0.66 4,433 7,096 0.36 23.3 2.2------------------------------------------------------------------------------------------------------------------------------------------------------Infe-rred(2) 7.1 1.21 5.72 0.29 50.9 0.51 275 1,306 0.05 0.8 0.1---------------------------------------------------------------------------(1), (2) and (3), See footnotes to Table 1.
The above mineral resource estimates were prepared by Eugene Puritch, P.Eng., F.H. Brown, M.Sc. (Eng.), CPG Pr.Sci.Nat., and Antoine Yassa, P.Geo., of P&E Mining Consultants Inc. ("P&E") of Brampton, Ontario, independent qualified persons, as defined by National Instrument 43-101. Mr. Puritch and Brown have reviewed and approved the contents of this news release.
The Snowfield Project resources were estimated from 192 drill holes completed by Silver Standard Resources Inc. totaling 76.4 km in length. Grade capping levels were derived for each resource domain from examination of probability and capping graphs. Bulk density values were derived from a total of 601 measurements and applied per lithological unit. The Snowfield Project mineral resource estimate is contained within a volume of 15,520 million m3.
Engineering Studies
With the significant increase in bulk-tonnage resources and the definition of a high-grade resource at the Brucejack Project, Pretivm is assessing various alternatives for advancing the combined projects to pre-feasibility. Pretivm has initiated a preliminary economic assessment examining the economics of a higher grade mining operation at the Brucejack Project, which is expected to be completed in the third quarter of this year. Concurrently, engineering studies will be advanced to optimize economics of the Snowfield Project.
About Pretivm
Pretivm is a start-up company that intends to acquire, explore and develop gold and precious metals resource properties, initially in the Americas. Pretivm has 100% interest in the Snowfield and Brucejack Projects in northern British Columbia; combined they represent one of the largest underdeveloped gold resources in North America. Pretivm's near term objectives are to focus on the high-grade gold opportunity at Brucejack, to advance the Projects to pre-feasibility and to explore for and acquire other precious metal resource properties.
(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 include, but is not limited to, information with respect to our plans, costs and timing for future exploration (including updated resource estimates) and development activities, results of future exploration, timing and receipt of approvals, consents and permits under applicable legislation, production and developments in our operations in future periods 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, including, without limitation, those risks identified in Pretivm's final prospectus (Pretium Resources Inc.) filed on SEDAR at www.sedar.com. Forward-looking information is based on the expectations and opinions of Pretivm's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise. 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.
Qualified Person
Kenneth C. McNaughton, M.A.Sc., P.Eng., is the Qualified Person (QP) for Pretium Resources Inc. and is responsible for the Snowfield and Brucejack Project exploration programs and has verified and supervised the preparation of the exploration data. All samples were submitted for preparation and analysis by ALS Chemex at its facilities in Terrace, B.C. All samples were analyzed using multi-digestion with ICP finish. Samples over 100 ppm silver were reanalyzed using four acid digestion with an ore grade AA finish. Samples over 1,000 ppm silver were fire assayed with a gravimetric finish. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. One in 20 samples was blank, one in 20 was a standard sample, and differing one in 20 samples was a field duplicate one-quarter split core assayed at ALS Chemex in Vancouver, B.C.
The TSX has neither approved nor disapproved of the information contained herein.
Contact:
Contacts:Pretium Resources Inc.Robert QuartermainChief Executive Officer and President604.558.1784Pretium Resources Inc.Joe OvsenekChief Development Officer & Vice President604.558.1784604.558.4784 (FAX)invest@pretivm.comwww.pretivm.com
Pretium Resources Inc.: Brucejack Bulk-Tonnage Resource Increases By 134%; Brucejack High-Grade Resource Outlined
http://finance.yahoo.com/news/Pretium-Resources-Inc-iw-3485328544.html?x=0&.v=1
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 02/22/11) - Pretium Resources Inc. (TSX:PVG - News) ("Pretivm") is pleased to report a 134 percent increase in the bulk-tonnage gold resource at its wholly-owned Brucejack Project located in northern British Columbia. Measured and Indicated resources increased to 8.2 million ounces of gold and 116.1 million ounces of silver and Inferred resources increased to 12.6 million ounces of gold and 151.2 million ounces of silver at a cut-off grade of 0.30 grams of gold-equivalent per tonne.
In addition, grade and tonnage estimates within the 0.30 grams of gold-equivalent per tonne optimized pit shell at a cut-off grade of 5.00 grams of gold-equivalent per tonne, contain gold resources of:
-- 903,000 ounces of gold and 21.9 million ounces of silver in the Measured and Indicated resource categories (3.7 million tonnes grading 7.66 grams of gold and 185.84 grams of silver per tonne); and-- 1.9 million ounces of gold and 7.5 million ounces of silver in the Inferred resource category (4.7 million tonnes grading 12.5 grams of gold and 49.2 grams of silver per tonne).
Grade and tonnage estimates within the 0.30 grams of gold-equivalent per tonne optimized pit shell at a cut-off grade of 3.00 grams of gold-equivalent per tonne, contain gold resources of:
-- 1.34 million ounces of gold and 31 million ounces of silver in the Measured and Indicated resource categories (8.4 million tonnes grading 4.96 grams of gold and 114.4 grams of silver per tonne); and-- 2.42 million ounces of gold and 12.6 million ounces of silver in the Inferred resource category (9.6 million tonnes grading 7.80 grams of gold and 40.74 grams of silver per tonne).
The Brucejack Project to date comprises nine modeled deposits. Grade capping levels were derived for each resource domain from examination of probability and capping graphs. For the Valley of the Kings (VOK) Zone, the zone discovered in 2009 that provided intersections of up to 16.95 kg per tonne of gold over 1.5 metres, estimation was done using Median Indicator Kriging, and all high-grade intersections above 130 grams per tonne gold were capped at 130 grams of gold per tonne, including the 16.95 kg of gold per tonne intersection.
Table 1: Brucejack Project Bulk-Tonnage Resource Summary - February 2011(1) (Based on a cut-off grade of 0.30 grams of gold- equivalent/tonne)--------------------------------------------------------------- Contained(3) ---------------------- Tonnes Gold Silver Gold SilverCategory (millions) (g/t) ( g/t) ('000 oz) ('000 oz)---------------------------------------------------------------Measured 11.7 2.25 75.56 846 28,423---------------------------------------------------------------Indicated 285.3 0.80 9.57 7,338 87,782------------------------------------------------------------------------------------------------------------------------------M+I 297.0 0.86 12.17 8,184 116,205------------------------------------------------------------------------------------------------------------------------------Inferred(2) 542.5 0.72 8.67 12,558 151,220---------------------------------------------------------------1) Mineral resources for the February 2011 estimate are defined within aWhittle optimized pit shell that incorporates project metal recoveries,estimated operating costs and metals price assumptions. Parameters used inthe estimate include metals prices (and respective recoveries) ofUS$1,025/oz. gold (71%) and US$16.60/oz. silver (70%). The pit optimizationutilized the following cost parameters: Mining US$1.75/tonne, ProcessingUS$6.10/tonne and G&A US$0.90/tonne along with pit slopes of 45 degrees.Mineral resources which are not mineral reserves do not have demonstratedeconomic viability. The estimate of mineral resources may be materiallyaffected by environmental, permitting, legal, marketing, or other relevantissues. The mineral resources in this news release were estimated using theCanadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standardson Mineral Resources and Reserves, Definitions and Guidelines prepared bythe CIM Standing Committee on Reserve Definitions and adopted by CIMCouncil.(2) The quantity and grade of reported Inferred resources in thisestimation are uncertain in nature and there has been insufficientexploration to define these inferred resources as an Indicated or Measuredmineral resource and it is uncertain if further exploration will result inupgrading them to an Indicated or Measured mineral resource category.(3) Contained metal may differ due to rounding. Table 2: Brucejack Project 5.00g/t Grade & Tonnage Resource Summary - February 2011(1)(4)(Based on a cut-off grade of 5.0 grams of gold-equivalent/tonne within the 0.30 grams of gold-equivalent/tonne optimized pit shell)--------------------------------------------------------------- Contained(3) ---------------------- Tonnes Gold Silver Gold SilverCategory (millions) (g/t) ( g/t) ('000 oz) ('000 oz)---------------------------------------------------------------Measured 1.947 7.95 241.25 498 15,102---------------------------------------------------------------Indicated 1.722 7.33 123.19 406 6,820------------------------------------------------------------------------------------------------------------------------------M+I 3.669 7.66 185.84 903 21,922------------------------------------------------------------------------------------------------------------------------------Inferred(2) 4.707 12.54 49.24 1,898 7,452---------------------------------------------------------------(1), (2) and (3), See footnotes to Table 1.(4) The 5.0 g/t Grade & Tonnage Resource Summary is a subset of the bulk-tonnage resource estimate and as such is included within the bulk-tonnageresource estimate and is not in addition to the bulk-tonnage resourceestimate. Table 3: Brucejack Project 3.00g/t Grade & Tonnage Resource Summary - February 2011(1)(4)(Based on a cut-off grade of 3.0 grams of gold-equivalent/tonne within the 0.30 grams of gold-equivalent/tonne optimized pit shell)--------------------------------------------------------------- Contained(3) ---------------------- Tonnes Gold Silver Gold SilverCategory (millions) (g/t) ( g/t) ('000 oz) ('000 oz)---------------------------------------------------------------Measured 3.495 5.43 177.98 610 19,999---------------------------------------------------------------Indicated 4.940 4.62 69.33 734 11,011------------------------------------------------------------------------------------------------------------------------------M+I 8.435 4.96 114.35 1,344 31,010------------------------------------------------------------------------------------------------------------------------------Inferred(2) 9.637 7.80 40.74 2,417 12,623---------------------------------------------------------------(1), (2) and (3), See footnotes to Table 1.(4) The 3.0 g/t Grade & Tonnage Resource Summary is a subset of the bulk-tonnage resource estimate and as such is included within the bulk-tonnageresource estimate and is not in addition to the bulk-tonnage resourceestimate.
The above tables summarize the high-grade and bulk-tonnage Brucejack Project mineral resource totals. The mineral resource estimates contained in this news release were prepared by Eugene Puritch, P.Eng., F.H. Brown, M.Sc. (Eng.), CPG Pr.Sci.Nat., and Antoine Yassa, P.Geo., of P&E Mining Consultants Inc. ("P&E") of Brampton, Ontario, independent qualified persons, as defined by National Instrument 43-101. Mr. Puritch and Brown have reviewed and approved the contents of this news release.
The Brucejack Project mineral resources were estimated from 362 historical surface drill holes, 439 historical underground drill holes, and 107 drill holes completed by Silver Standard Resources Inc., for a total length of 146 km. A bulk density value for mineral resource estimation of 2.80 t/m(3) was derived from historical records and 318 measurements taken by Silver Standard. The Brucejack Project mineral resource estimate is contained within a volume of 9,800 million m(3).
Preliminary Economic Assessment
Pretivm has initiated a preliminary economic assessment (PEA) examining the economics of a higher grade mining operation at the Brucejack Project. The high-grade resource occurs largely in the West Zone and the recently discovered VOK Zone. The West Zone was previously the focus of an extensive exploration program between 1986 and 1990 including 49,800 metres of drilling and over five kilometers of underground development. A feasibility study contemplating a 350 tonne/day operation at the West Zone was completed in 1990 and a Mine Approval Certificate was granted for the operation. The PEA will use the historical data as well as results of the 2009 and 2010 drill programs and is expected to be completed in the third quarter of this year.
Exploration 2011
Planning is well underway for the 2011 exploration program at Snowfield and Brucejack. Approximately 60,000 metres of drilling is planned, with eight drills reserved and drilling expected to commence in May. The 2011 exploration drilling will focus on further delineating the known high-grade mineralization and expanding the high-grade and bulk-tonnage mineralization. Results of the 2011 drill program will be released through the third and fourth quarters of this year.
Known High-Grade Mineralization
A majority of the 60,000 metres of drilling planned for 2011 will be concentrated on the known areas of high-grade mineralization with the intention of (a) tightening the drill spacing to increase the level of confidence to move Inferred mineral resources to Measured and Indicated mineral resource categories and to improve knowledge of the continuity of the high-grade mineralization for the VOK and other high-grade zones (b) testing the high-grade mineralization to depths greater than the current 650 metres and (c) following up on a number of high-grade intercepts encountered in the 2009 and 2010 drill programs that are not sufficiently defined to be included in the high-grade resource.
High-Grade and Bulk-Tonnage Mineralization Expansion
The bulk-tonnage Brucejack mineral resource has been outlined along a 2.4 kilometer north-south strike-length adjacent to the regional Brucejack Fault, up to 400 metres east of the Brucejack Fault and to depths of 650 metres below surface. The mineralization remains open in all directions. Of particular exploration interest is the six kilometers of ground along the Brucejack Fault between the defined Brucejack mineralization and the Snowfield Project to the north.
Pretivm looks forward to expanding the Brucejack Project and further delineating the high-grade opportunity as it continues to focus on value creation for its shareholders.
About Pretivm
Pretivm is a start-up company that intends to acquire, explore and develop gold and precious metals resource properties, initially in the Americas. Pretivm has 100% interest in the Snowfield and Brucejack Projects in northern British Columbia; combined they represent one of the largest underdeveloped gold resources in North America. Pretivm's near term objectives are to focus on the high-grade gold opportunity at Brucejack, to advance the Projects to pre-feasibility and to explore for and acquire other precious metal resource properties.
(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 include, but is not limited to, information with respect to our plans, costs and timing for future exploration (including updated resource estimates) and development activities, results of future exploration, timing and receipt of approvals, consents and permits under applicable legislation, production and developments in our operations in future periods 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, including, without limitation, those risks identified in Pretivm's final prospectus (Pretium Resources Inc.) filed on SEDAR at www.sedar.com. Forward-looking information is based on the expectations and opinions of Pretivm's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise. 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.
Qualified Person
Kenneth C. McNaughton, M.A.Sc., P.Eng., is the Qualified Person (QP) for Pretium Resources Inc. and is responsible for the Snowfield and Brucejack Project exploration programs and has verified and supervised the preparation of the exploration data. All samples were submitted for preparation and analysis by ALS Chemex at its facilities in Terrace, B.C. All samples were analyzed using multi-digestion with ICP finish. Samples over 100 ppm silver were reanalyzed using four acid digestion with an ore grade AA finish. Samples over 1,000 ppm silver were fire assayed with a gravimetric finish. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. One in 20 samples was blank, one in 20 was a standard sample, and differing one in 20 samples was a field duplicate one-quarter split core assayed at ALS Chemex in Vancouver, B.C.
The TSX has neither approved nor disapproved of the information contained herein.
Contact:
Contacts:Pretium Resources Inc.Robert QuartermainChief Executive Officer and President604.558.1784Pretium Resources Inc.Joe OvsenekChief Development Officer & Vice President604.558.1784604.558.4784 (FAX)invest@pretivm.comwww.pretivm.com
Picked up some NGM.V recently. These guys are definately doing a few things right!
Northern Gold Hits 58 Meters of 1.08 g/t Gold Including 2 Meters of 13.07 g/t, Plus 18 Meters of 2.08 g/t Including 1.0 Meter of 13.27 g/t, Plus 2 Meters of 7.13 g/t, and 1 Meter of 8.32 g/t
Silver is up $1.20 yet AXU is down???????
Silver at new 30-year high today at 31.40, but...
SLW 36.67, well below its recent high of 42.34
AXU at 8, well below its recent high of 8.99
HL at 10.18, well below its recent high of 11.56
PAAS at 34.72, well below its recent high of 42.33
SSRI at 25.49, well below its recent high of 29.95
Not HUGE differences, but notable.
Will the miners catch up, or is silver set to plummet? Maybe i'm just climbing a wall of worry here...
Is it just me or does it seem like the miners in general, i.e. HUI XAU etc., are not getting the love they should be with gold price action this week?
Ominous sign?
Batero BAT.V BELDF +25% $3.63
There has been a lot of success in Columbia lately, and this one is just now starting to get recognized.
Batero Gold Intersects 519.70 Metres Grading 0.80 g/t Gold and 0.14% Copper From Surface at Batero-Quinchia Project, Colombia
http://finance.yahoo.com/news/Batero-Gold-Intersects-51970-ccn-3575937681.html?x=0&.v=1
-- Drill Hole 8: 591.50 metres grading 0.72 g/t gold and 0.13% copper, including 519.70 metres at 0.80 g/t gold and 0.14% copper and 178.20 metres grading 1.0 g/t gold and 0.15% copper
-- Drill Hole 5: 398.85m grading 0.46 g/t gold and 0.09% copper; including 149.70 metres at 0.59 g/t gold and 0.10% copper
PVG.TO PXZRF
The love is gone Or at least the bidders are for now.
Looks like we will have to wait for real news for the next leg higher.
Alexco jumping on this news:
Alexco Resource Corp.: New Keno Hill Silver Discovery-4.26 Meters of 49.9 Oz Per Ton Silver Intersected at Flame & Moth
http://finance.yahoo.com/news/Alexco-Resource-Corp-New-Keno-iw-2143045548.html?x=0&.v=1
Alexco Resource Corp. (TSX:AXR - News)(AMEX:AXU - News) ("Alexco" or the "Company") is pleased to announce results from 2010 core drilling at its Flame & Moth property, within the Keno Hill Silver District in Canada's Yukon Territory. This new discovery is a "blind" discovery, the result of a district-wide structural geology study, and is located at depth adjacent to the recently constructed Keno District mill. To date, 13 holes have intersected the northeast-trending Flame & Moth structure over a strike length of approximately 400 meters centered on the current mill site and down dip 300 meters below surface.
Pretivm Appoints Director
http://finance.yahoo.com/news/Pretivm-Appoints-iw-1287847173.html?x=0&.v=1
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 02/15/11) - Pretium Resources Inc. (TSX:PVG - News) ("Pretivm") reports that Tom S.Q. Yip, Vice President, Finance and Chief Financial Officer of Silver Standard Resources Inc., has been appointed to its Board of Directors.
Mr. Yip has over 25 years experience in the mining industry, including 20 years with Echo Bay Mines Ltd. where he held finance roles of increasing responsibility, including Vice-President, Finance and Chief Financial Officer, before the company merged with Kinross Gold Corporation in 2003. Prior to his current role with Silver Standard, he was Chief Financial Officer for Asarco, LLC. With the appointment of Mr. Yip as a director, Silver Standard maintains its representation on Pretivm's Board with two nominees.
About Pretivm
Pretivm is a start-up company that intends to acquire, explore and develop gold and precious metals resource properties, initially in the Americas. Pretivm has 100% interest in the Snowfield and Brucejack Projects in northern British Columbia; combined they represent one of the largest underdeveloped gold resources in North America. Pretivm's near term objectives are to focus on the high-grade gold opportunity at Brucejack, to advance the Projects to pre-feasibility and to explore for and acquire other precious metal resource properties.
(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 include, but is not limited to, information with respect to our plans, costs and timing for future exploration (including updated resource estimates) and development activities, results of future exploration, timing and receipt of approvals, consents and permits under applicable legislation, production and developments in our operations in future periods 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, including, without limitation, those risks identified in Pretivm's final prospectus (Pretium Resources Inc.) filed on SEDAR at www.sedar.com. Forward-looking information is based on the expectations and opinions of Pretivm's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise. 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.
The TSX has neither approved nor disapproved of the information contained herein.
Contact:
Contacts:Pretium Resources Inc.Joe OvsenekChief Development Officer & Vice President604.558.1784604.558.4784 (FAX)Pretium Resources Inc.Investor Relations604.637.6823invest@pretivm.comwww.pretivm.com
Pretivm Appoints Director
http://finance.yahoo.com/news/Pretivm-Appoints-iw-1287847173.html?x=0&.v=1
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 02/15/11) - Pretium Resources Inc. (TSX:PVG - News) ("Pretivm") reports that Tom S.Q. Yip, Vice President, Finance and Chief Financial Officer of Silver Standard Resources Inc., has been appointed to its Board of Directors.
Mr. Yip has over 25 years experience in the mining industry, including 20 years with Echo Bay Mines Ltd. where he held finance roles of increasing responsibility, including Vice-President, Finance and Chief Financial Officer, before the company merged with Kinross Gold Corporation in 2003. Prior to his current role with Silver Standard, he was Chief Financial Officer for Asarco, LLC. With the appointment of Mr. Yip as a director, Silver Standard maintains its representation on Pretivm's Board with two nominees.
About Pretivm
Pretivm is a start-up company that intends to acquire, explore and develop gold and precious metals resource properties, initially in the Americas. Pretivm has 100% interest in the Snowfield and Brucejack Projects in northern British Columbia; combined they represent one of the largest underdeveloped gold resources in North America. Pretivm's near term objectives are to focus on the high-grade gold opportunity at Brucejack, to advance the Projects to pre-feasibility and to explore for and acquire other precious metal resource properties.
(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 include, but is not limited to, information with respect to our plans, costs and timing for future exploration (including updated resource estimates) and development activities, results of future exploration, timing and receipt of approvals, consents and permits under applicable legislation, production and developments in our operations in future periods 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, including, without limitation, those risks identified in Pretivm's final prospectus (Pretium Resources Inc.) filed on SEDAR at www.sedar.com. Forward-looking information is based on the expectations and opinions of Pretivm's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise. 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.
The TSX has neither approved nor disapproved of the information contained herein.
Contact:
Contacts:Pretium Resources Inc.Joe OvsenekChief Development Officer & Vice President604.558.1784604.558.4784 (FAX)Pretium Resources Inc.Investor Relations604.637.6823invest@pretivm.comwww.pretivm.com
Pretivm Reports on Market Activity
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 02/15/11) - Pretium Resources Inc. (TSX:PVG - News) ("Pretivm") reports, at the request of Market Surveillance, on behalf of the Toronto Stock Exchange, it is not aware of any material undisclosed development that would cause the upward movement in Pretivm's share price.
Since the acquisition of the Snowfield and Brucejack Projects (the "Projects") in December 2010, Pretivm has been focused on advancing resource estimates for the Projects incorporating the 51,100 meters of drilling that was completed on the Projects during the third quarter of 2010. An update of the September 2010 Snowfield resource estimate is underway incorporating the approximately 18,000 meters of drilling in 44 drill holes completed in 2010. For Brucejack, two resource estimates are underway incorporating the 33,100 meters of drilling in 73 drill holes completed in 2010: a higher-grade resource estimate focusing on gold mineralization grading greater than three grams of gold per tonne; and an update of the December 2009 bulk tonnage resource estimate. All three of these resource estimates will be completed this quarter and continue to be Pretivm's current priority.
About Pretivm
Pretivm is a start-up company that intends to acquire, explore and develop gold and precious metals resource properties, initially in the Americas. Pretivm has 100% interest in the Snowfield and Brucejack Projects in northern British Columbia; combined they represent one of the largest underdeveloped gold resources in North America. Pretivm's near term objectives are to focus on the high-grade gold opportunity at Brucejack, to advance the Projects to pre-feasibility and to explore for and acquire other precious metal resource properties.
(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 include, but is not limited to, information with respect to our plans, costs and timing for future exploration (including updated resource estimates) and development activities, results of future exploration, timing and receipt of approvals, consents and permits under applicable legislation, production and developments in our operations in future periods 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, including, without limitation, those risks identified in Pretivm's final prospectus (Pretium Resources Inc.) filed on SEDAR at www.sedar.com. Forward-looking information is based on the expectations and opinions of Pretivm's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise. 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.
The TSX has neither approved nor disapproved of the information contained herein.
Contact:
Contacts:Pretium Resources Inc.Joe OvsenekChief Development Officer & Vice President604.558.1784604.558.4784 (FAX)Pretium Resources Inc.Investor Relations604.637.6823invest@pretivm.comwww.pretivm.com
Pretium does not say why share price is up
Pretium Resources Inc (C:PVG)
Shares Issued 81,844,586
Last Close 2/14/2011 $9.70
Tuesday February 15 2011 - News Release
Mr. Joe Ovsenek reports
PRETIVM REPORTS ON MARKET ACTIVITY
Pretium Resources Inc. responds to a request of Market Surveillance, on behalf of the Toronto Stock Exchange; it is not aware of any material undisclosed development that would cause the upward movement in Pretium's share price.
Since the acquisition of the Snowfield and Brucejack projects in December, 2010, Pretium has been focused on advancing resource estimates for the projects incorporating the 51,100 metres of drilling that were completed on the projects during the third quarter of 2010. An update of the September, 2010, Snowfield resource estimate is under way, incorporating the approximately 18,000 metres of drilling in 44 drill holes completed in 2010. For Brucejack, two resource estimates are under way, incorporating the 33,100 metres of drilling in 73 drill holes completed in 2010: a higher-grade resource estimate focusing on gold mineralization grading greater than three grams of gold per tonne and an update of the December, 2009, bulk-tonnage resource estimate. All three of these resource estimates will be completed this quarter and continue to be Pretium's current priority.
We seek Safe Harbor.
2011 Canjex Publishing Ltd.
PVG.TO PXZRF $11ish
Do you think the gap at $9.50 will get filled? Do you pay much attention to short term technicals or just ride it out?
Perhaps that level would serve as a good buying point for those looking to get in still?
$11!
Congrats cl001! I think we can forgive for being one day late
Can't wait for future news about the development of Pretivm. MUCH more to come here I think.
I'd say Pretivm is in a different class at this point still. You can't yet compare them to producers and worry too much about IRR yet. You have to view them as a resource play. In that respect, especially given the management, they are still very undervalued compared to say NovaGold, Seabridge, etc. After this recent runup one may be able to make a better case for Exeter for example, but I haven't finished my DD on them yet.
Also keep in mind the Pretivm's resources will without doubt grow with renewed estimates and drill results due out in the relative short term.
High capex eventually yes, but it is these rare huge projects that the majors go after, eventually. More development is needed, and they are unlocking that value day by day.
I still see a great deal of upside here in the near future.
Pretivm PVG.TO PXZRF -
Got to love a stock that hits new all-time highs even while gold and the majority of mining stocks are falling!
Down to as low as $4 today on heavy volume (relative).
S1 is still not out yet though? More downside to come?
Timberline Announces First Quarter 2011 Financial Results
http://finance.yahoo.com/news/Timberline-Announces-First-iw-1123796929.html?x=0&.v=1
COEUR D'ALENE, IDAHO--(Marketwire - 02/11/11) - Timberline Resources Corporation (TSX-V:TBR - News)(AMEX:TLR - News) ("Timberline" or the "Company") today announced consolidated financial results for its first fiscal quarter ended December 31, 2010.
Timberline's contract drilling subsidiary, Timberline Drilling Incorporated, reported revenues of $5.56 million and a net loss of $0.04 million in the first quarter. While increased drill rig utilization led to a 70-percent revenue increase from a year ago, profitability was negatively impacted by higher costs for maintenance and costs associated with the deployment of surface rigs to new customer sites. The surface rigs supplement the Company's underground drilling operations and are expected to contribute to higher margins in future periods. First quarter results include a loss of $0.11 million from discontinued Mexican drilling operations.
Timberline's exploration division and corporate office reported a net loss of $1.89 million for the first quarter, including exploration expenditures of $1.49 million. Exploration expenditures increased sharply in 2010, primarily due to extensive drilling at Lookout Mountain, the most advanced project in the Company's 23 square-mile South Eureka land package. As previously reported, drilling results from Lookout Mountain will be used to complete a NI 43-101 resource estimate by early March and, subsequently, a Preliminary Economic Assessment (PEA) as the project is advanced toward a production decision.
Timberline CEO Randal Hardy commented, "Our expenditures at Lookout Mountain clearly demonstrate our commitment to fast-track the project toward possible development. We are very pleased with our progress at Lookout Mountain as our efforts consistently yield drilling and metallurgical results that meet or exceed our expectations. Steady progress continues at Butte Highlands, where development is completely funded by our partner and where gold production is targeted for early Q1 2012. On the contract drilling side, our first quarter is often difficult as our client companies typically shut down for extended periods during the holidays. We expect a return to higher gross margins and profitability for the remainder of the year."
A summary of selected financial results is presented in the following table:
($US 000's, except per share amounts and gross Quarter Ended margin %) December 31 2010 2009 Revenue from continuing operations $ 5,562 $ 3,254 Loss from continuing operations (1,889) (839) Loss from discontinued operations (115) (93) Consolidated net loss (2,004) (932) Consolidated net loss per share, basic and diluted (0.04) (0.02) Net income (loss) from Timberline Drilling Inc. (38) 240 Mineral exploration expenses 1,493 54 Cash and cash equivalents 1,955 4,291 Working capital (deficit) 682 (2,492) Timberline Drilling Inc. gross margin % 10% 22%
Timberline's Quarterly Report on Form 10-Q will be filed with the SEC and on SEDAR on February 11, 2011. It can be viewed in its entirety on the SEC website which can be accessed from the "Investors" page of the Timberline website at www.timberline-resources.com.
About Timberline Resources
Timberline is a U.S.-based exploration/development company with a focus on advanced-stage precious metals properties. The Company's management team has a solid track record of achievement in building successful companies and discovering, exploring, and developing economic mineral deposits. Currently, Timberline is executing an aggressive exploration program at its South Eureka Property, a large drill-tested and highly prospective property in Nevada's Battle Mountain - Eureka gold trend. In addition, Timberline has two other business units. The Company has a 50% carried-to-production interest at the Butte Highlands Joint Venture which is currently in development and targeted to begin gold production in early 2012, where the Company has also undertaken additional surface drilling to test the extent of the mineralized zone. Timberline also has a wholly-owned subsidiary, Timberline Drilling, which provides cash flow to the Company from its underground and surface drilling operations at operating mines and advanced development and exploration projects.
Timberline is listed on the NYSE Amex where it trades under the symbol "TLR" and on the TSX Venture Exchange where it trades under the symbol "TBR".
Statements contained herein that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. These statements include but are not limited to statements regarding the timing of the Company's continued drill program at Butte Highlands, the timing of assay results from such drilling program being released, the Company's 50/50 joint venture with Highland Mining LLC, the development and production of the Company's Butte Highlands project and South Eureka project, the targeted production date for the Butte Highlands project, targeted dates for the South Eureka technical report and PEA, results of the Company's drilling subsidiaries, possible growth of the Company and the Company's expected operations. When used herein, the words "anticipate," "believe," "estimate," "upcoming," "plan," "intend" and "expect" and similar expressions, as they relate to Timberline Resources Corporation, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, such factors, including risk factors, discussed in the Company's Annual Report on Form 10-K for the year ended September 30, 2010. Except as required by Federal Securities law, the Company does not undertake any obligation to release publicly any revisions to any forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
Contacts:Timberline Resources Corp.Paul DircksenExecutive Chairman208.664.4859Timberline Resources Corp.Randal HardyCEO208.664.4859
Pretivm PVG.TO PXZRF +$0.40 $8.52
Looks like your $8.47 buy is now golden
Yesterday certainly had looks of a top, but strong action is back today, up around 5% right now.
Took a look at Exeter XRA this morning - somewhat similar story - lots of gold resource, but near 52 week lows right now for some reason. Anyone follow it?
Timberline Drills 71.6 Metres of 1.22 Grams of Gold per Tonne at Lookout Mountain
Oxide Gold Mineralization Continues to Demonstrate Excellent Metallurgy
http://finance.yahoo.com/news/Timberline-Drills-716-Metres-iw-2747418358.html?x=0&.v=1
COEUR D'ALENE, IDAHO--(Marketwire - 02/08/11) - Timberline Resources Corporation (TSX-V:TBR - News)(AMEX:TLR - News) ("Timberline" or the "Company") is pleased to report continued favorable assay and gold recovery results from drilling at its Lookout Mountain Gold Project along the Battle Mountain - Eureka Trend of central Nevada. Results included several ore-grade intercepts with excellent recoveries of oxide gold mineralization, including Hole BHSE-062 which returned 1.22 grams per tonne (g/t) (0.036 ounces per ton (opt)) over 71.6 metres (235 feet) with 92.0-percent recovery.
Paul Dircksen, Timberline's Executive Chairman and Vice-President of Exploration stated, "Our 2010 acquisition of Staccato Gold was driven by our belief that Lookout Mountain hosts significant oxide gold mineralization amenable to low-cost, heap-leach recovery and has the potential for near-term open pit production with relatively modest capital expenditures. As we methodically execute our exploration plan, drilling and metallurgical results have consistently met or exceeded our expectations."
Significant drill results and gold recoveries include:
---------------------------------------------------------------------------- From To Length Feet (ft) Feet (ft) Feet (ft) Gold Gold Hole ID Metres (m) Metres (m) Metres (m) Grade(i) Recovery Comments---------------------------------------------------------------------------- 15 ft 65 ft 50 ft 0.015 optBHSE-056 94.5% Oxide 4.6 m 19.8 m 15.2 m 0.51 g/t---------------------------------------------------------------------------- 90 ft 145 ft 55 ft 0.029 optBHSE-059 89.5% Oxide 27.4 m 44.2 m 16.8 m 1.00 g/t---------------------------------------------------------------------------- 130 ft 175 ft 45 ft 0.018 optBHSE-060 89.8% Oxide 39.6 m 53.3 m 13.7 m 0.62 g/t---------------------------------------------------------------------------- 465 ft 535 ft 70 ft 0.054 optBHSE-060 Sulfide 141.7 m 163.1 m 21.4 m 1.86 g/t---------------------------------------------------------------------------- 515 ft 750 ft 235 ft 0.036 optBHSE-062 92.0% Oxide 157.0 m 228.6 m 71.6 m 1.22 g/t---------------------------------------------------------------------------- 130 ft 155 ft 25 ft 0.077 optBHSE-064 Sulfide 39.6 m 47.2 m 7.6 m 2.63 g/t---------------------------------------------------------------------------- 250 ft 355 ft 105 ft 0.035 optBHSE-065 82.3% Oxide 76.2 m 108.2 m 32.0 m 1.19 g/t---------------------------------------------------------------------------- 290 ft 320 ft 30 ft 0.135 optBHSE-066 95.3% Oxide 88.4 m 97.5 m 9.1 m 4.64 g/t---------------------------------------------------------------------------- 0 ft 190 ft 190 ft 0.022 optBHSE-067 91.6% Oxide 0 m 57.9 m 57.9 m 0.74 g/t----------------------------------------------------------------------------(i) Troy ounces per ton (opt) and grams per tonne (g/t)
Mr. Dircksen continued, "Upon receipt of the remaining drill results, Mine Development Associates (MDA) of Reno will complete our NI 43-101 resource estimate, which we expect by early March. We will then commence our Preliminary Economic Assessment (PEA) for Lookout Mountain as we advance the project toward a production decision. Coupled with anticipated gold production at Butte Highlands by early Q1 2012, we believe we are exceptionally well-positioned for the ongoing bull market in gold. We are very excited about our future at Timberline."
Holes numbered BHSE-062 and BHSE-065 were drilled north of historic hole number EBR-9-94 which intersected 90.1 metres (295 feet) grading 0.79 g/t (0.023 opt) gold. These holes tested the western margin of the Lookout Mountain area, intersected significant intervals of gold mineralization, demonstrated favorable metallurgy, and may potentially expand the reported resource. Assays are pending for holes BHSE-068 and BHSE-070, both drilled to the south of hole number EBR-9-94.
Holes numbered BHSE-064 and BHSE-066 were drilled along the eastern margin of known gold mineralization to help define its eastern extent. The holes returned somewhat narrower intercepts with higher gold grades and appear to indicate a near vertical structural control to the eastern boundary of mineralization.
Lookout Mountain is the most advanced project within Timberline's 23 square-mile South Eureka land package, located just a few miles from Barrick Gold Corporation's two-million ounce Archimedes / Ruby Hill mine. Lookout Mountain hosts significant oxide gold mineralization amenable to low-cost, heap-leach recovery, along with a smaller, high-grade, sulfide resource. In September 2010, Timberline embarked on a $2.5-million South Eureka work program, primarily designed to complete a NI 43-101 compliant resource estimate at Lookout Mountain. The program has included 7,500 feet of core drilling, 30,000 feet of reverse circulation drilling, extensive metallurgical testing, and detailed geological mapping to better understand mineralization controls and outline additional drill targets.
Paul Dircksen is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this release. He has verified the drill results and other data disclosed in this news release, including sampling, analytical and test data. Field work has been conducted under his supervision. The Timberline sampling and analysis program included an industry standard QA/QC program. After logging and cutting or dividing the sample intervals in half, the samples were picked up by Inspectorate America Corporation and taken to their lab in Sparks, Nevada for analysis. The samples were analyzed for gold using a standard 30g fire assay with an AA finish. Samples returning a gold value in excess of 3 ppm were re-analyzed using a 30g fire assay with a gravimetric finish.
About Timberline Resources
Timberline is a U.S.-based exploration/development company with a focus on advanced-stage precious metals properties. The Company's management team has a solid track record of achievement in building successful companies and discovering, exploring, and developing economic mineral deposits. Currently, Timberline is executing an aggressive exploration program at its South Eureka Property, a large drill-tested and highly prospective property in Nevada's Battle Mountain - Eureka gold trend. In addition, Timberline has two other business units. The Company has a 50% carried-to-production interest at the Butte Highlands Joint Venture which is currently in development and targeted to begin gold production in early 2012, where the Company has also undertaken additional surface drilling to test the extent of the mineralized zone. Timberline also has a wholly-owned subsidiary, Timberline Drilling, which provides cash flow to the Company from its underground and surface drilling operations at operating mines and advanced development and exploration projects.
Timberline is listed on the NYSE Amex where it trades under the symbol "TLR" and on the TSX Venture Exchange where it trades under the symbol "TBR".
Statements contained herein that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. These statements include but are not limited to statements regarding the timing of the Company's continued drill program at Butte Highlands, the timing of assay results from such drilling program being released, the Company's 50/50 joint venture with Highland Mining LLC, the development and production of the Company's Butte Highlands project and South Eureka project, the targeted production date for the Butte Highlands project, targeted dates for the South Eureka technical report and PEA, results of the Company's drilling subsidiaries, possible growth of the Company and the Company's expected operations. When used herein, the words "anticipate," "believe," "estimate," "upcoming," "plan," "intend" and "expect" and similar expressions, as they relate to Timberline Resources Corporation, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, such factors, including risk factors, discussed in the Company's Annual Report on Form 10-K for the year ended September 30, 2010. Except as required by Federal Securities law, the Company does not undertake any obligation to release publicly any revisions to any forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
Contacts:Timberline Resources Corp.Paul Dircksen, Executive Chairman208.664.4859 begin_of_the_skype_highlighting 208.664.4859 end_of_the_skype_highlightingTimberline Resources Corp.Randy Hardy, CEO208.664.4859 begin_of_the_skype_highlighting 208.664.4859 end_of_the_skype_highlighting
Any followers of Great Panther?
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 02/07/11) - GREAT PANTHER SILVER LIMITED (TSX:GPR - News)(AMEX:GPL - News) (the "Company") is pleased to announce that its common shares have been authorized for listing on the NYSE Amex stock exchange in the United States. The Company expects the shares to begin trading on or about February 8, 2011 under the trading symbol "GPL". The Company will retain its listing on the Toronto Stock Exchange (TSX) in Canada under the trading symbol "GPR".
"With a significant number of US shareholders already in place, the increased exposure anticipated from Great Panther's NYSE Amex listing will further expand the Company's shareholder base and provide US investors, in particular, many of whom have a serious interest in the ownership of silver and silver equities, with a simpler opportunity to trade the common shares of a solid company with strong leverage to silver prices," said Executive Chairman, Kaare Foy.
"We welcome Great Panther Silver to NYSE Amex," said John Casale, Vice President - NYSE Euronext, "and expect that this listing will benefit the Company by providing greater access to institutional and retail investors."
Robert Archer, President and CEO, commented today: "Great Panther's listing on the NYSE Amex is both a milestone and a logical step in the successful development of the Company. It is also a testament to the talent and dedication of our entire team and something that they should all be proud of. As Great Panther continues to expand its production and resources through mine development, new discoveries and acquisitions, we anticipate that the new listing will facilitate greater trading volumes, visibility and market recognition."
Great Panther Silver Limited is a profitable and rapidly growing primary silver producer operating two 100%-owned mines in Mexico. Its flagship operation, the Guanajuato Mine Complex, forms part of the Guanajuato mining district, historically, the second largest silver producing region in Mexico, having produced more than one billion ounces of silver since the year 1600. Great Panther generates approximately 70% of its revenue from silver and 23% from gold, making it very much a precious metals company. A small amount of lead-zinc is also produced as a by-product at the Company's Topia Mine in Durango State.
For further information, please visit the Company's website at www.greatpanther.com.