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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:
Joe Ovsenek
Pretium Resources Inc.
Chief Development Officer & Vice President
604.558.1784
604.558.4784 (FAX)
Investor Relations
Pretium Resources Inc.
604.637.6823
invest@pretivm.com
www.pretivm.com
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