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Author: Matt1344 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 37136  
Subject: Pretium: Significant Increase in Brucejack's.... Date: 11/28/2011 12:26 PM
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http://www.pretivm.com/News/2011news/News-Details/2011/Preti...

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

11/28/2011


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 28, 2011) - Pretium Resources Inc. ("Pretivm") (TSX:PVG) is pleased to report an updated mineral resource estimate for its wholly-owned Brucejack Project located in northern British Columbia. High-grade and bulk-tonnage gold resources have increased significantly as a result of the update.

High-Grade (5.0 grams of gold-equivalent per tonne cut-off) Grade & Tonnage Estimate

-- 5.06 million ounces of gold in the Measured and Indicated resource
categories (9.3 million tonnes grading 16.92 grams of gold per tonne),
for a 460% percent increase; and
-- 3.33 million ounces of gold in the Inferred resource category (4.0
million tonnes grading 25.67 grams of gold per tonne).


Bulk-Tonnage (1.25 grams of gold-equivalent per tonne cut-off) Grade & Tonnage Estimate

-- 8.46 million ounces of gold in the Measured and Indicated resource
categories (74.1 million tonnes grading 3.55 grams of gold per tonne),
for a 164% percent increase; and
-- 6.76 million ounces of gold in the Inferred resource category (78.5
million tonnes grading 2.68 grams of gold per tonne).


Bulk-Tonnage Mineral Resource Estimate (0.30 grams of gold-equivalent per tonne cut-off)

-- 12.89 million ounces of gold in the Measured and Indicated resource
categories (305.3 million tonnes grading 1.31 grams of gold per tonne),
for a 57.5% percent increase; and
-- 18.20 million ounces of gold in the Inferred resource category (813.7
million tonnes grading 0.70 grams of gold per tonne).


Brucejack High-Grade Project

-- An update to the Preliminary Economic Assessment (PEA) (see news release
dated June 2, 2011) using the updated Brucejack high-grade gold and
silver resource is now underway and is planned to be completed in the
first quarter of 2012;
-- A Feasibility Study for the Brucejack high-grade development opportunity
will commence shortly;
-- Additionally, a PEA on an integrated high-grade underground and bulk
tonnage project is planned to commence later this quarter.


Mineral Resource Modeling and Estimation

[...]"


Regards, Ken (Long PXZRF.PK)
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Author: Matt1344 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 33136 of 37136
Subject: Re: Pretium: Significant Increase in Brucejack's Date: 2/23/2012 3:35 PM
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""Pretium Resources Inc.: Significant Increase in Brucejack's Gold Resources

11/28/2011

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 28, 2011) - Pretium Resources Inc. ("Pretivm") (TSX:PVG) is pleased to report an updated mineral resource estimate for its wholly-owned Brucejack Project located in northern British Columbia. High-grade and bulk-tonnage gold resources have increased significantly as a result of the update."


Several days before posting this news, Pretium closed at $8 on Nov 25th. Since then Pretium is up more than 100%.

Yesterday saw good news on their PEA. Volume was higher than normal yesterday as well as today, on TO exchange >twice normal volume, >ten times on the Amex(According to Fidelity) :-)

I did all my buying between April and July last year, cost basis is $9.22/Share.

Take care,

Ken (Long PVG)

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