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Pretium - Goldexplorer in BC



Begriffe und/oder Benutzer

 

Ein Versuch diese Aktie erneut bei WO zur Diskussion zu bringen. Ich bin bei Pretium seit Anfang an dabei. Pretium ist ein spin-off aus Silver Standard bei dem der ehemalige CEO von Silver Standard das Ruder bei Pretium übernommen hat. Es geht im Wesentlichen um 2 Projekte:

a. Snowfield (Nachbar von Seabridge):

Lowgrade-Deposit: Hier wird an einer Studie gearbeitet, dieses teure Projekt eventuell mit Teilen von Seabridge´s KSM zu verschmelzen, um die derzeit wenig beeindruckenden Kennzahlen etwas aufzuhuebschen.

b. Brujeack

Hier scheint sich derzeit der Focus zu setzen - ein interessantes Projekt (ca. 65 km von Snowfield entfernt) mit teilweise Bonanza-Grades und einer fantastischen IRR von 48,3 % derzeit ( $1,536.36 Gold US$37.89 Silber) und geringer CAPEX: US$281.7 million. Operating Costs: C$158.36/tonne milled.

Brucejack koennte die erste Mine seit langer Zeit in dieser Gegend werden und hat derzeit viele der bekannten Probleme nicht.

Die Beschreibung der beiden Projekte entstammt der Homepage (Stand: 13. August 2011).


February 2011 Resource Estimate
The updated resource estimate incorporating the 2010 drilling has resulted in an increase in gold resources of 134% from 2010 to 2011 (see news release dated February 22, 2011.) Measured and indicated resources now comprise 8.2 million ounces of gold and 116.1 million ounces of silver and inferred resources comprise 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 silver in the measured and indicated categories and 1.9 million ounces of gold and 7.5 million ounces of silver in the inferred resource category.

2011 Plans
A preliminary economic assessment (PEA) examining the economics of a higher grade mining operation at the Brucejack Project was completed in June 2011 (see news release dated June 2, 2011). The PEA outlined a 1,500 tonnes/day operation underground operation producing an annual average, for the first 10 years, of 173,000 ounces of gold and 1.1 million ounces of silver. Total life of mine (16 years) production is 2.16 million ounces of gold and 14.72 million ounces of silver.

The base case estimated pre-tax Net Present Value discounted 5% (NPV) is estimated to be US$662 million with an internal rate of return (IRR) of 27.1%, using base case US$1,100/oz gold and US$21/oz silver. The Project has an NPV of US$1.416 billion and IRR of 48.3% using $1,536.36 gold and US$37.89 silver. Capital cost, including contingencies, is estimated at US$281.7 million, with estimated operating costs of C$158.36/tonne milled.

A drill program of over 70,000 meters is now underway, a majority of which will be concentrated on areas of known high-grade mineralization. A particular emphasis is definition drilling on the Valley of the Kings Zone, where previous drilling has encountered multi-kilogram intersections in parallel zones. On completion of the 2011 drilling program, a new mineral resource estimate will be prepared which will form the basis for an updated PEA. Concurrent with the study update, Pretivm will either proceed with a pre-feasibility study or advance directly to a full feasibility study for the Brucejack high-grade project.

Snowfield

February 2011 Resource Estimate
An updated resource estimate incorporating the 17,976 meters of 2010 drilling conducted by Silver Standard Resources Inc. has been completed (see news release dated February 23, 2011). The gold resource at Snowfield now comprises 25.9 million ounces of measured and indicated gold resources and 9.0 million ounces of inferred resources at a cut-off grade of 0.30 grams of gold-equivalent per tonne. Mineral resources also include silver resources of 75.8 million ounces measured and indicated and 51.0 million ounces of inferred; copper resources of 2.98 billion pounds of measured and indicated and 1.10 billion pounds of inferred; molybdenum resources of 258.3 million pounds of measured and indicated and 127.7 million pounds inferred; and rhenium resources of 22.5 million ounces of measured and indicated and 11.5 million ounces of inferred.

2011 Plans
In May 2011, Pretivm announced the signing of a Mutual Confidentiality and Cooperation Agreement and a Mutual Access Agreement with Seabridge Gold Inc., whose KSM project shares a common boundary with Snowfield. The Mutual Confidentiality and Cooperation Agreement provides for, amongst other things, the completion of an engineering study examining the economics of combining Pretivm's Snowfield project and Seabridge's KSM project into one operation. The study is expected to be completed in the fourth quarter of 2011.


Homepage: http://www.pretivm.com/
Aktie: TSX: PVG $ 9.68 CAD

Der Handel an der FSE ist derzeit zu vernachlässigen.
Hier das letzte Drilling-Update zu Brucejack:

Pretium cuts +1,000 g/t gold in couple drillholes
As it moves to update a resource estimate of its high grade gold-silver Brucejack project in B.C., Pretium Resources hits more bonanza grade gold and silver intercepts.
Author: Kip Keen
Posted: Thursday , 11 Aug 2011
RELATED STORIES
Pretium drills more bonanza grade gold at Brucejack
Pretium cuts super bonanza gold-silver intercept at Brucejack project
Pretium eyes high grade underground gold-silver mine in BC
Golden plans coming together in BC for Pretium
Pretium reports substantial increase in Brucejack gold, silver ounces
Quartermain revival - Pretium moves on gold/silver/copper projects


HALIFAX, NS - -
Exceptional intercepts bearing bonanza gold-silver grades keeps on coming for Pretium Resources (TSX: PVG).
Pretium reported on the latest nine drillholes from the Valley of the Kings zone at its Brucejack project in northwestern B.C., Canada, highlighting a few 1000-plus gram gold per tonne intercepts.
In one drillhole Pretium cut two narrow, 0.5 metre sections @ 1,640 g/t gold and 423 g/t silver and 6,670 g/t Au and 3,630 g/t Ag as part of a wider 19-metre intercept @ 13.6 g/t Au and 76.2 g/t Ag starting 59 metres downhole.
In another drillhole Pretium hit as much as 1,200 g/t Au and 686 g/t Ag over half a metre, along with six other discrete gold-silver mineralized intercepts from near surface to below 600 metres downhole.
Overall, Pretium said, the Valley of the Kings mineralization is now 450 metres in length moving east from the Brucejack fault and extends to 600 metres below surface and, further, is open both to the east and at depth.
The latest drilling also confirms some of the bonanza grade gold and silver Pretium has been hitting throughout its ongoing 70,000-metre drill program this year at Brucejack, the focus of which has been on better defining and expanding gold-silver mineralization at the Valley of the Kings.
Pretium is pushing to update high grade gold and silver resources at Brucejack this year and then incorporate these into a revamped scoping study of a high grade mining project at Brucejack where there is already a massive 297 million tonne measured and indicated resource estimate @ 0.86 g/t Au and 8.67 g/t Ag.
Pretium reckons a smaller, less capital intensive, higher-grade mine, as opposed to a massive, expensive and low-grade one, might have a better chance of reaching production in the nearer term.
Meanwhile Pretium is also advancing a joint study with Seabridge Gold to see if there are benefits to combining Pretium's Snowfield and Seabridge's KSM deposits, both multi-million ounce gold deposits.

http://www.mineweb.com/mineweb/view/mineweb/en/page103118?oid=133317&sn=Detail&pid=102055
Kurz und knapp zu den weiteren Spielern in der Gegend.

SEA (Seabridge Gold)
TUO (Teuton Res.)
AMK (American Creek)

TUO und AMK streiten sich derzeit untereinander über den Treaty Creek Claim - hier wurde über ein Bohrloch mit sehr signifikanter Länge ähnliche Goldgrade wie bei Seabridge Gold´s KSM gefunden. SEA benötigt den Claim ebenfalls, weil nur so ein Tunnel für die Ver -und Entsorgung von KSM (falls Planung ohne Snowfield) gebaut werden kann.

Das Snowfield-Projekt hat die oben umrissenen Probleme nicht. Aber auch hier dürfte die potentielle CAPEX eher sehr hoch sein.
Globe says Pretium Resources target boosted to $15
Ticker Symbol: C:PVG

Globe says Pretium Resources target boosted to $15

Pretium Resources Inc (C:PVG)
Shares Issued 86,860,086
Last Close 8/25/2011 $9.83
Friday August 26 2011 - In the News

The Globe and Mail reports in its Friday, Aug. 26, edition that CIBC World Markets analyst Brian Quast has upgraded his price target on Pretium Resources ($9.83) by $3 to $15. The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Quast continues to hold firm on "sector perform" rating. Mr. Quast says Pretium Resources is consistently hitting mineralization as it drills for more gold at its Brucejack project in British Columbia. Mr. Quast expects the company to announce good news when it updates its Brucejack resource estimates in the fourth quarter, with up to 2 million ounces in gold likely being added. Pretium Resources says has a 52-week range of $5.75 to $14.19.
CL: Pretium, which I mentioned earlier, is run by Bob Quartermain, the founder of Silver Standard Resources Inc. (NASDAQ:SSRI). Management is really key at gold and silver companies. There are tons of companies that just go nowhere. The management raises money to pay themselves. With great management, like Bob Quartermain, there is a proven track record. He doesn’t just grant options to management. He buys them. He bought shares on the market like every other shareholder. He has a couple of projects that are becoming very promising in British Columbia, which I am visiting next week.

TGR: Is that the Snowfield Project?

CL: Yes. Pretium is in low-grade Snowfield and high-grade Brucejack. I think the Snowfield Project will likely do a deal with Seabridge Gold Inc. (TSX:SEA; NYSE.A:SA). Quartermain is more focused on the high-grade area with about 15 kilograms/ton of gold. Some people don’t believe it. They say it must be silver. It’s gold. That is what he is focused on. He is looking to do a very high-grade underground operation, which was permitted before. He just needs to reapply for a permit and get into production.

http://etfdailynews.com/2011/08/29/chen-lin-betting-on-gold-…
Globe says Pretium Resources target boosted to $15

2011-08-26 06:22 ET - In the News

The Globe and Mail reports in its Friday, Aug. 26, edition that CIBC World Markets analyst Brian Quast has upgraded his price target on Pretium Resources ($9.83) by $3 to $15. The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Quast continues to hold firm on "sector perform" rating. Mr. Quast says Pretium Resources is consistently hitting mineralization as it drills for more gold at its Brucejack project in British Columbia. Mr. Quast expects the company to announce good news when it updates its Brucejack resource estimates in the fourth quarter, with up to two million ounces in gold likely being added. Pretium Resources has a 52-week range of $5.75 to $14.19.
Nur um einmal den Schlusskurs von gestern fest zu halten.

11.98 CAD +0.74 +6.6 % 180.3k

Quartermain hat da aber auch wirklich etwas besonderes zu bieten:

Highgrade Brucejack
BulkTonnage Snowfield (von deren Entwicklung der Nachbar Seabridge abhaengig ist).
Das sind Goldgehalte (nun neigt sich das 70.000m Drilling auch dem Ende zu):

Pretium Resources reports high-grade mineralization at Brucejack Project


VANCOUVER, BRITISH COLUMBIA (Commodity Online): Pretium Resources Inc (TSX:PVG) has reported high-grade Gold mineralization from the Brucejack Project where ongoing drilling in the Valley of the Kings Zone continues to demonstrate the continuity of high-grade gold mineralization.

The company reported 5,740 grams of gold and 2,750 grams of Silver per tonne at Hole SU-965. Hole SU-193 intersected 1.5 meters with uncut grades of 1,040 grams of gold per tonne (4.9 feet averaging 30.3 ounces gold per ton).

In addition to these bonanza-grade intercepts, drilling continues to intersect significant gold mineralization over broad widths. Hole SU-193 noted above encountered additional mineralization at depth grading 7.2 grams per tonne gold over 43 meters, including 1.5 meters with an uncut grade of 268 grams per tonne gold. Hole SU-200, collared 300 meters to the northeast of hole SU-193, intersected 15.5 meters grading 13.3 grams per tonne gold, including 1.5 meters with an uncut grade of 399 grams per tonne gold. These results demonstrate that many of the high-grade intersections occur within wide zones of economically significant lower-grade Gold mineralization. There are now seven drills turning in the Valley of the Kings Zone., the company said.

Pretivm has now completed over 58,000 meters of the planned 70,000-meter drill program on the Brucejack Project. Eight drills are on site, and the Valley of the Kings Zone remains a major focus.

Pretivm is creating value through gold at its advanced-staged exploration projects Brucejack and Snowfield, located in northern British Columbia. Pretivm is advancing the high-grade, underground gold opportunity at Brucejack and the open pit opportunities at both Brucejack and Snowfield.


http://www.commodityonline.com/news/Pretium-Resources-report…
Ein netter Artikel ueber Pretiums Arbeit und ein besonders netter Hinweis auf ein intaktrs verhaeltnis mit den First Nations - Pretium entwickelt sich ausgesprochen gut, weitaus besser als der Nachbar Seabridge:





Einfaches Einfügen von wallstreet:online Charts: So funktionierts.


Feature
| SATURDAY, SEPTEMBER 10, 2011
Is There Gold In Them Thar Hills?

By ROBIN GOLDWYN BLUMENTHAL | MORE ARTICLES BY AUTHOR
A company-led tour of a gold mine can yield useful information. But it can't answer the big questions: how much gold is in the ground, and how much value is in the miner's shares?


According to legend, Mark Twain once described a gold mine as a hole in the ground with a liar standing next to it. As the price of gold has skyrocketed, the number of holes has multiplied, as has the number of liars, and the government has increased its warnings about unscrupulous pitchmen and gold-stock scams. Sometimes there is no gold in a mine; other times, there isn't even a hole in the ground. Perhaps the only way to ascertain what's what in the world of junior gold-mining companies is to see it with your very own eyes.

Some gold-stock investors think so, and some mining companies are happy to oblige, with guided tours of properties in remote climes. Or sometimes young companies in search of investors arrange for five-star dog-and-pony shows on site. In either case, what can a first-time visitor really see? And is seeing believing? The search for answers found this reporter trekking through northern British Columbia one brilliant late-August morning, to Pretium Resources' Brucejack project in Canada's Boundary Range.

Pretium is a small Vancouver-based exploration company, whose shares (ticker: PVG.Canada) trade on the Toronto Stock Exchange. Founded last October, the company went public in December at six Canadian dollars per share, and now trades at C$12 (roughly $12). It doesn't actually produce gold yet, but CEO Robert Quartermain says that could happen by 2015 or 2016. According to Quartermain, Brucejack and the company's nearby Snowfield deposit constitute the fifth-largest undeveloped gold resource in the world. He calls the properties "the most exciting thing" he's been involved with in 35 years in the mining business. A preliminary economic assessment in early June estimated that Brucejack could produce an average of 173,200 ounces of gold a year.


Angus MacGillivray for Barron's

Pretium Resources says its Brucejack and Snowfield prospects in British Columbia constitute the fifth largest undeveloped gold resource in the world.

In the course of a day-long visit to the region, a group made up mostly of Pretium shareholders toured mine sites, studied maps and rocks, and paid a visit to the "crack shack," where workers break core samples into smaller pieces to be sent to independent assayers for grading. The group saw some gorgeous scenery, met workers at the camp and heard about the company's drilling plans and early hits. But for all that, it was impossible to tell whether the Brucejack and Snowfield projects will produce any gold commercially, much less in the quantities that Pretium management has forecast.

THE BRUCEJACK TOUR BEGAN in Vancouver with Quartermain's dinner presentation about the property. The next day, the group donned company-issue fleece vests and climbed aboard a Central Mountain Air Beechcraft 1900D at the south terminal of the Vancouver Airport, the departure point for many adventurers into British Columbia's wilds and beyond. (Pretium arranged for all transportation to and from the site, but not to and from Vancouver.)

A fellow passenger and mine-tour veteran, Chen Lin, abandoned his doctoral studies in aeronautical engineering at Princeton in the late 1990s and now writes a newsletter with the no-nonsense title "What Is Chen Buying? What Is Chen Selling?" His rationale for flying to the middle of nowhere to look at rocks? "I was on a trip two weeks ago, where it was hard to imagine what the property was like just from the press release," he said. "You can't get a feel for the scale or the spacing of the holes."

The plane landed on an air strip in Stewart, British Columbia, the northernmost ice-free port in North America. From there we hopped a helicopter, which flew over the Salmon and Frank Mackie glaciers, with Quartermain playing tour guide. The 56-year-old geologist and former CEO of Silver Standard Resources (SSRI) came out of retirement in 2010 to run Pretium, which purchased Snowfield and Brucejack from Silver Standard for $450 million in cash and stock. Silver Standard owns 29% of Pretium.

Quartermain directed the group's attention to the Snowfield property, a reddish-gold mountainside to the north of Brucejack. A short time later, Brucejack came into view adjacent to a blue-green lake. The company says both properties have measured and indicated resources of 34 million ounces of gold and 98 million ounces of silver.

Helicopter service to Brucejack began only in 2006. Prior to that, visitors traveled up Canada's Highway 37, took a boat across Bowser Lake and followed a rugged access road to the site. Pretium is rebuilding the access road and extending it directly to the highway.

The chopper touched down at camp, where about 120 workers, including some from the Tahltan First Nations, a native tribe, are employed. Fred Lacy, an investor who says he made a fortune on technology stocks in the late 1990s, was "very pleased" to learn from a Brucejack worker that two of the local Tahltan chief's children work at the site, given that one of the biggest risks to mining projects in North America is local opposition. Lacy, of Newport Beach, Calif., said that was "a very big tell, and something you would never find out without visiting a site."

A Pretium investor, Lacy has been visiting mines since 1998, because he finds analysts' reports "beyond useless." Some mine visits, he says, convinced him that he should not buy shares of exploration companies. One mine was "too close to the town, and I could see the people would be upset." At another, "the drillers were all just green kids."

Infrastructure is one thing he must see. "If there is no water, there's no mine," he says. "The companies only tell you the best stuff, the minimum of what the law requires."

CHARLIE GREY, A GEOLOGIST, AND Ken McNaughton, Pretium's chief exploration officer, gave the group an overview of the project, which Grey called "a very well endowed belt." Pointing to a geological map, he identified a field that previously was developed by Newhawk Gold Mines from the mid-1980s to about 1994, when the price of gold made drilling unprofitable.

Grey, one of eight geologists working at the site, says drillers have been getting "lots of hits," some at five grams of gold per ton, at the Valley of the Kings, one of the claim sites. He then displayed a polished chunk of mineral from that site, with gold veins visibly running through it. "You don't see visible gold like that commonly," he said.

McNaughton discussed some other high-grade hits, and the construction of a 10,000-square-foot warehouse the company just completed building in Stewart. Laura Stein, the private investor in natural resources and precious metals who had first brought the Pretium tour to Barron's attention, asked whether she was correct to assume that the company is drilling an underground mine, which is more expensive than an open pit. She was. Stein, a regular visitor to gold mines, says that listening to questions from more experienced investors is one of the best reasons to make a site visit.
The Bottom Line

Gold-mine visits can yield useful information about geology, drilling prospects and management's plans. But seeing isn't always believing.

Pretium began drilling holes on the Brucejack property 200 meters apart, and gradually reduced the spacing. McNaughton said the gradient, or slope, was so consistent that the drillers were coming up with five-kilogram hits in "the basement," an area 600 meters below the surface. Holes 100 meters deep can be drilled in a day; those 500 meters deep take a week. Late last month, Pretium reported "bonanza-grade" intercepts that include 16,949 grams per ton of gold and 8,696 grams per ton of silver.

THE CANADIAN GOLD-EXPLORATION business was rocked in the late 1990s by a massive scandal involving Calgary-based Bre-X Minerals, whose claims to enormous gold deposits in Borneo proved fraudulent. Core samples at the site were found to have been salted with gold, but not before Bre-X, a one-time penny stock, had attained a stock-market value of C$6 billion. After the company collapsed, many investors appropriately grew more skeptical about small mining stocks and mining-company claims.

Some investors seek to assuage their skepticism by touring exploration prospects. For others, a site visit is a chance to learn more about geology, drilling technologies and management's plans, and meet fellow gold enthusiasts. What you won't learn, however, is whether drilling results will bear out the company's claims, or whether the company's shares are in fact a good investment.


Quelle: http://online.barrons.com/article/SB500014240527023042514045…
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