EXHIBIT 99.1
|
December 6,
2018
|
News Release
18-19
|
Exploration and Resource Drilling Update
Vancouver,
British Columbia December 6, 2018; Pretium Resources Inc.
(TSX/NYSE:PVG) (“Pretivm” or the “Company”)
is pleased to provide an update on the progress from the 2018
exploration activities at the Valley of the Kings and the Bowser
Claims along with plans for 2019.
2018 Regional Grass-roots Exploration Results
Results
of the 8,000-meter regional exploration drill program conducted on
the Bowser Claims confirm the presence of Brucejack style
high-grade gold mineralization hosted in broad zones of low-grade
stockwork, highlighting the potential for discovery of
porphyry-related copper-gold mineralization and high-level
epithermal mineralization on the property (see Table 1 below for select assays).
Additional drilling is being planned to further evaluate these
targets in 2019.
The
wholly-owned, approximately 1,200-square-kilometer Bowser Claims,
located east of the Brucejack Mine, include the American Creek,
Bluffy, and Koopa Zones, along with the newly discovered Upper
Kirkham Zone. A summary of results by zones follows. For a plan
view of the 2018 program please see the following
link:
http://resource.globenewswire.com/Resource/Download/1163ad22-0e19-4143-83a7-23c2590750fa.
American Creek Zone
Several
gold and silver epithermal targets were tested in the American
Creek Zone, located approximately 25 kilometers southeast of the
Brucejack Mine. Drilling successfully intersected broad zones of
low-grade mineralization at the north end of the American Creek
Zone (Lillianne showing) and an upper expression of a polymetallic
epithermal vein system near the center of the American Creek Zone
(Virginia K showing). At the south end of the American Creek Zone
(Outlaw showing), vein-hosted copper mineralization was intersected
which is interpreted as the upper expression of a porphyry system.
A review of the strong alteration and metal zonation intersected in
drill core will be conducted over the winter to focus future
drilling on the higher grade segments of these mineralization
systems.
Selected drill highlights from the American Creek Zone
include:
●
Hole BR-001
intersected 1.82 grams per tonne gold over 6.60 meters, including
9.19 grams per tonne gold and 196.00 grams per tonne silver over
0.74 meters.
●
Hole BR-003
intersected 10.15 grams per tonne gold over 1.50
meters.
●
Hole BR-007
intersected 0.47 grams per tonne gold over 10.70 meters, including
3.16 grams per tonne gold over 1.00 meters.
1
●
Hole BR-016
intersected 41.54 grams per tonne silver, 0.56% lead and 2.12% zinc
over 25.50 meters, including 230.00 grams per tonne silver, 1.00%
lead and 7.55% zinc over 1.50 meters.
Bluffy Zone
The
Bluffy Zone, located 30 kilometers south-southeast of the Brucejack
Mine hosts disseminated sulphide mineralization in the Unuk River
Formation of the Lower Hazelton Group, which also hosts the Valley
of the Kings deposit. Drilling intersected broad zones of low-grade
gold hosted in shear zones, which contain narrow veins of high
grade gold and base metal values. This drilling has confirmed that
a substantial mineral system was active at Bluffy and additional
work is being planned to further delineate the higher grade
mineralization.
Koopa Zone
The
Koopa Zone, located approximately 30 kilometers east-southeast of
the Brucejack Mine, is dominated by intensely quartz-sericite
pyrite altered Salmon River Formation volcanics and Quock Formation
sediments of the Upper Hazelton Group, which also hosts the Eskay
Creek deposit. At Koopa, a structurally controlled epithermal
system appears to be overprinting a VMS style alteration system.
The stratigraphy, alteration, and broad halo of pathfinder elements
are indicative of a potentially large mineralization system.
Follow-up drilling in the Koopa Zone is planned in
2019.
Upper Kirkham Zone
The
2018 prospecting program successfully resulted in the discovery of
the Upper Kirkham Zone, located four kilometers southwest of the
Bowser Camp. Epithermal-style polymetallic veins with strong
quartz-sericite pyrite alteration halos were intersected in an area
recently exposed by the receding glacier. Prospecting samples
collected across the Upper Kirkham Zone returned assays as high as
3.55 grams per tonne of gold, greater than 10,000 grams per tonne
of silver, 4.71% copper, greater than 20% lead and 3.81% zinc.
Follow-up drilling as well as additional prospecting is planned to
resume in 2019.
2019 Regional Exploration
The
regional exploration campaign was initiated in 2016 to identify
mineralized zones similar to the Valley of the Kings and Eskay
Creek deposits. In 2019, this work will continue with additional
drilling planned in the areas tested this year, and continued
expansion of the regional prospecting and mapping programs, with an
emphasis on continued identification of Eskay Creek style VMS
mineralization in the preserved Salmon River formation, and
epithermal and porphyry related gold mineralization in the deeper
parts of the stratigraphy. The comprehensive regional exploration
program has included the collection of over 13,000 samples,
regional mapping, prospecting, airborne geophysics, ground
geophysics, hyperspectral mapping, and data
compilation.
Kenneth
C. McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, Pretium
Resources Inc. is the Qualified Person (“QP”)
responsible for the 2018 and 2019 regional grassroots exploration
program.
2
2019 Underground Exploration Drilling for Porphyry
Source
Over
the summer, a surface geophysical program was conducted to
follow-up on the successful underground exploration drilling that
demonstrated mineralization continuity between the Valley of the
Kings and the Flow Dome Zone, an area approximately 1,000 meters
east of the Brucejack Mine (see news release dated June 18, 2018).
Two drill holes, both over 1,500-meters in length, drilled east
from the Valley of the Kings intersected Brucejack-style
mineralization throughout. In addition, the drilling intersected
anomalous copper and molybdenum mineralization, which coupled with
mineralogical indicators, suggest proximity to porphyry-style
mineralization at depth.
Results
from the follow-up geophysical program which included downhole and
surface IP and reflection seismic surveys, are currently being
processed. Mineral chemistry evaluation for porphyry vectoring and
geochronology of porphyritic material at depth is currently
underway. The drill results, along with the geophysics and mineral
chemistry, will be integrated to refine targeting of this zone for
subsequent drilling. Preliminary plans are to drill three to four
targeted holes to further test the porphyry potential below the
Flow Dome Zone.
Valley of the Kings Resource Definition and Expansion
Drilling
Zones
at depth, to the east, west and north-east of the Valley of the
Kings resource will be drilled as part of an approximately 70,000
meter drill program planned for 2019. The purpose of the drilling
is to expand the current mineral resource and reserve to the east
and at depth and to improve resource definition ahead of
mining.
The
area to the north-east of the currently defined mineral resource is
considered highly prospective for additional resource expansion. A
re-interpretation of previous drill results indicates the presence
of a repetition, through faulting, of the key stratigraphy that
hosts high-grade gold mineralization in the Valley of the
Kings.
Warwick
Board, Ph.D., P.Geo, Pr.Sci.Nat., Vice President, Geology and Chief
Geologist, Pretium Resources Inc. is the QP responsible for the
Brucejack Mine resource and exploration drilling.
Table 1: Selected Grass-roots Exploration Drill Results, November
2018 (BR-001 to BR-034)(1,2)
|
Hole
No.
|
Dip/Azimuth
|
From
(meters)
|
To
(meters)
|
Interval (meters)
|
Gold (g/t)
|
Silver(g/t)
|
Copper (%)
|
Lead (%)
|
Zinc (%)
|
Comments
|
|
American Creek Zone
|
||||||||||
|
BR-001
|
-55/60
|
5.82
|
11.38
|
5.56
|
0.95
|
100.99
|
0.09
|
0.32
|
0.61
|
Lillianne
|
|
|
Incl
|
10.64
|
11.38
|
0.74
|
5.36
|
84.70
|
0.37
|
0.25
|
0.19
|
|
|
|
|
105.90
|
112.50
|
6.60
|
1.82
|
36.18
|
-
|
-
|
0.28
|
|
|
|
Incl
|
105.90
|
107.06
|
1.16
|
9.19
|
196.00
|
0.43
|
0.25
|
1.33
|
|
|
BR-002
|
-60/60
|
6.00
|
11.50
|
5.50
|
0.58
|
313.26
|
0.25
|
0.24
|
0.81
|
Lillianne
|
|
BR-003
|
-60/140
|
158.50
|
160.00
|
1.50
|
10.15
|
6.33
|
-
|
-
|
-
|
Moonlight
|
|
BR-004
|
-60/270
|
119.35
|
120.00
|
0.65
|
0.31
|
11.85
|
-
|
-
|
0.56
|
Lillianne
|
|
BR-008
|
-55/60
|
19.00
|
19.50
|
0.50
|
0.19
|
247.00
|
-
|
-
|
-
|
Lillianne
|
|
|
|
102.06
|
102.56
|
0.50
|
0.73
|
78.20
|
0.41
|
-
|
-
|
|
3
|
Hole
No.
|
Dip/Azimuth
|
From
(meters)
|
To
(meters)
|
Interval (meters)
|
Gold (g/t)
|
Silver(g/t)
|
Copper (%)
|
Lead (%)
|
Zinc (%)
|
Comments
|
|
BR-010
|
-55/60
|
21.50
|
23.00
|
1.50
|
0.40
|
197.00
|
-
|
-
|
0.15
|
Lillianne
|
|
|
|
154.50
|
163.50
|
9.00
|
0.40
|
12.50
|
-
|
-
|
-
|
|
|
|
Incl
|
162.00
|
163.50
|
1.50
|
1.23
|
69.70
|
0.16
|
-
|
0.11
|
|
|
BR-011
|
-75/60
|
39.00
|
48.00
|
9.00
|
0.68
|
77.10
|
-
|
-
|
0.33
|
Lillianne
|
|
|
Incl
|
39.00
|
41.00
|
2.00
|
0.37
|
147.05
|
-
|
-
|
0.36
|
|
|
|
Incl
|
45.00
|
46.00
|
1.00
|
4.90
|
57.50
|
0.45
|
0.12
|
0.38
|
|
|
|
Incl
|
47.00
|
48.00
|
1.00
|
0.262
|
298
|
-
|
-
|
0.22
|
|
|
BR-012
|
-55/60
|
114.2
|
115.05
|
0.85
|
1.09
|
23.70
|
0.28
|
-
|
-
|
Lillianne
|
|
|
|
174.2
|
174.88
|
0.68
|
0.59
|
33.10
|
-
|
-
|
0.86
|
|
|
|
|
184.00
|
192.00
|
8.00
|
0.08
|
221.99
|
-
|
-
|
-
|
|
|
|
Incl
|
184.00
|
186.00
|
2.00
|
0.09
|
795.00
|
0.29
|
-
|
-
|
|
|
BR-016
|
-60/270
|
33.00
|
58.50
|
25.50
|
0.01
|
41.54
|
-
|
0.56
|
2.12
|
Virginia
K
|
|
|
Incl
|
33.00
|
34.50
|
1.50
|
0.01
|
70.20
|
-
|
0.49
|
11.60
|
|
|
|
Incl
|
45.00
|
46.50
|
1.50
|
0.02
|
230.00
|
-
|
1.00
|
7.55
|
|
|
|
Incl
|
54.00
|
60.00
|
6.00
|
0.03
|
56.50
|
-
|
1.45
|
2.90
|
|
|
BR-019
|
-50/60
|
93.00
|
96.00
|
3.00
|
0.70
|
2.81
|
-
|
-
|
-
|
Moonlight
|
|
|
|
222.00
|
223.00
|
1.00
|
0.05
|
322.00
|
-
|
-
|
-
|
|
|
BR-021
|
-60/60
|
24.00
|
28.50
|
4.50
|
0.62
|
2.55
|
-
|
-
|
0.68
|
Lillianne
|
|
|
|
49.50
|
57.00
|
7.50
|
0.57
|
6.00
|
-
|
-
|
-
|
|
|
|
|
102.00
|
106.50
|
4.50
|
0.89
|
2.35
|
-
|
-
|
-
|
|
|
|
Incl
|
105.00
|
106.50
|
1.50
|
2.09
|
1.86
|
-
|
-
|
-
|
|
|
|
|
212.00
|
213.00
|
1.00
|
1.46
|
7.48
|
-
|
-
|
0.14
|
|
|
BR-026
|
-45/315
|
7.80
|
10.50
|
2.70
|
0.00
|
1.74
|
0.22
|
-
|
-
|
Outlaw
|
|
|
|
15.00
|
18.50
|
3.50
|
0.01
|
2.66
|
0.34
|
-
|
-
|
|
|
|
Incl
|
18
|
18.5
|
0.5
|
0.03
|
14.70
|
1.73
|
-
|
-
|
|
|
BR-027
|
-75/315
|
9.00
|
12.00
|
3.00
|
0.04
|
6.97
|
0.75
|
-
|
-
|
Outlaw
|
|
|
Incl
|
10.00
|
10.50
|
0.50
|
0.08
|
28.50
|
2.21
|
-
|
-
|
|
|
|
|
19.00
|
21.60
|
2.60
|
0.00
|
1.85
|
0.28
|
-
|
-
|
|
|
|
Incl
|
21.00
|
21.60
|
0.60
|
0.01
|
4.84
|
0.85
|
-
|
-
|
|
|
Bluffy Zone
|
||||||||||
|
BR-005
|
-45/225
|
40.50
|
42.00
|
1.50
|
0.61
|
4.25
|
-
|
-
|
-
|
|
|
|
|
121.85
|
123.15
|
1.30
|
1.06
|
1.24
|
-
|
-
|
-
|
|
|
|
|
134.95
|
135.55
|
0.60
|
0.31
|
12.05
|
-
|
0.31
|
0.54
|
|
|
BR-006
|
-60/225
|
36.00
|
39.00
|
3.00
|
0.77
|
0.81
|
-
|
-
|
-
|
|
|
|
|
45.00
|
46.50
|
1.50
|
0.74
|
35.10
|
-
|
0.74
|
1.55
|
|
|
|
|
87.00
|
90.00
|
3.00
|
1.52
|
23.85
|
-
|
0.17
|
0.19
|
|
|
|
|
133.00
|
143.50
|
10.50
|
0.69
|
2.93
|
-
|
-
|
-
|
|
|
|
Incl
|
140.50
|
143.50
|
3.00
|
1.74
|
3.56
|
-
|
-
|
-
|
|
|
BR-007
|
-60/130
|
60.50
|
71.00
|
10.50
|
0.22
|
1.27
|
-
|
-
|
-
|
|
|
|
|
80.00
|
90.70
|
10.70
|
0.47
|
18.16
|
-
|
0.27
|
0.52
|
|
|
|
Incl
|
80.00
|
81.00
|
1.00
|
3.16
|
3.50
|
-
|
-
|
-
|
|
|
|
Incl
|
86.50
|
87.70
|
1.20
|
0.44
|
115.00
|
0.12
|
1.78
|
3.97
|
|
|
|
|
125.50
|
135.00
|
9.50
|
0.24
|
19.07
|
-
|
0.24
|
0.34
|
|
|
|
Incl
|
130.00
|
130.85
|
0.85
|
0.28
|
119.00
|
-
|
1.02
|
1.51
|
|
|
|
Incl
|
132.00
|
135.00
|
3.00
|
0.62
|
5.33
|
-
|
-
|
-
|
|
|
|
|
141.00
|
163.50
|
22.50
|
0.13
|
1.27
|
-
|
-
|
-
|
|
4
|
Hole
No.
|
Dip/Azimuth
|
From
(meters)
|
To
(meters)
|
Interval (meters)
|
Gold (g/t)
|
Silver(g/t)
|
Copper (%)
|
Lead (%)
|
Zinc (%)
|
Comments
|
|
BR-013
|
-45/130
|
16.00
|
17.50
|
1.5
|
1.09
|
12.20
|
-
|
-
|
-
|
|
|
|
|
37.50
|
42.00
|
4.50
|
0.78
|
2.74
|
-
|
-
|
-
|
|
|
|
Incl
|
37.50
|
38.50
|
1.00
|
1.03
|
3.85
|
-
|
-
|
-
|
|
|
|
Incl
|
39.00
|
40.00
|
1.00
|
2.02
|
3.49
|
-
|
-
|
-
|
|
|
|
|
57.00
|
60.00
|
3.00
|
0.57
|
33.37
|
-
|
0.67
|
0.56
|
|
|
|
Incl
|
57.00
|
57.50
|
0.50
|
2.10
|
138.00
|
-
|
3.09
|
2.58
|
|
|
|
|
71.00
|
71.50
|
0.50
|
0.11
|
81.70
|
-
|
1.75
|
1.05
|
|
|
|
|
115.50
|
117.00
|
1.50
|
1.48
|
8.72
|
-
|
-
|
-
|
|
|
BR-014
|
-45/40
|
37.00
|
40.00
|
3.00
|
0.30
|
2.59
|
-
|
-
|
-
|
|
|
|
|
39.00
|
40.00
|
1.00
|
0.53
|
2.39
|
-
|
-
|
-
|
|
|
BR-015
|
-60/225
|
2.73
|
5.00
|
2.27
|
0.94
|
20.62
|
-
|
-
|
-
|
|
|
|
Incl
|
3.26
|
3.82
|
0.56
|
2.86
|
69.20
|
-
|
-
|
-
|
|
|
|
|
48.50
|
57.50
|
9.00
|
1.21
|
35.28
|
-
|
0.14
|
0.16
|
|
|
|
Incl
|
53.00
|
56.00
|
3.00
|
2.05
|
32.15
|
-
|
-
|
-
|
|
|
|
Incl
|
57.00
|
57.50
|
0.50
|
1.58
|
284.00
|
-
|
1.99
|
1.92
|
|
|
|
|
123.00
|
130.50
|
7.50
|
0.59
|
6.73
|
-
|
-
|
-
|
|
|
BR-017
|
-45/135
|
5.00
|
6.00
|
1.00
|
4.39
|
37.90
|
-
|
0.37
|
0.67
|
|
|
|
|
146.00
|
150.50
|
4.50
|
0.86
|
8.72
|
-
|
-
|
-
|
|
|
BR-018
|
-60/45
|
139.00
|
143.50
|
4.50
|
0.40
|
2.08
|
-
|
-
|
0.18
|
|
|
|
|
299.00
|
302.00
|
3.00
|
0.58
|
2.26
|
-
|
-
|
-
|
|
|
|
|
320.50
|
322.00
|
1.50
|
0.71
|
0.73
|
-
|
-
|
-
|
|
|
|
|
372.00
|
380.50
|
8.50
|
0.20
|
0.48
|
-
|
-
|
-
|
|
|
|
Incl
|
372.00
|
373.00
|
1.00
|
0.70
|
0.66
|
-
|
-
|
-
|
|
|
BR-020
|
-45/45
|
85.00
|
97.00
|
12.00
|
0.34
|
4.02
|
-
|
-
|
-
|
|
|
|
Incl
|
91.00
|
92.00
|
1.00
|
1.07
|
4.90
|
-
|
-
|
-
|
|
|
|
Incl
|
95.50
|
97.00
|
1.50
|
1.05
|
0.74
|
-
|
-
|
-
|
|
|
|
|
233.00
|
236.00
|
3.00
|
0.72
|
21.04
|
-
|
-
|
-
|
|
|
|
Incl
|
234.00
|
235.00
|
1.00
|
1.41
|
53.80
|
-
|
-
|
-
|
|
|
|
|
255.50
|
261.50
|
6.00
|
0.53
|
2.13
|
-
|
-
|
-
|
|
|
|
Incl
|
257.00
|
258.50
|
1.50
|
1.11
|
2.03
|
-
|
-
|
-
|
|
|
|
|
273.50
|
276.50
|
3.00
|
0.47
|
2.44
|
-
|
-
|
-
|
|
|
Haimila Zone
|
||||||||||
|
BR-028
|
-50/315
|
292.50
|
294.00
|
1.50
|
0.01
|
800.00
|
-
|
-
|
-
|
|
|
Koopa Zone
|
||||||||||
|
BR-029
|
-45/45
|
31.50
|
34.50
|
3.00
|
0.08
|
2.27
|
-
|
0.12
|
0.22
|
|
|
|
|
132.00
|
133.00
|
1.00
|
0.07
|
5.28
|
-
|
0.18
|
0.31
|
|
|
|
|
228.00
|
229.50
|
1.50
|
0.04
|
15.55
|
-
|
-
|
0.24
|
|
|
BR-033
|
-45/225
|
46.50
|
48.50
|
2.00
|
0.04
|
3.45
|
-
|
-
|
0.15
|
|
|
BR-034
|
-85/90
|
261.00
|
262.43
|
1.43
|
0.50
|
5.82
|
-
|
-
|
-
|
|
|
|
|
397.50
|
400.50
|
3.00
|
0.18
|
2.00
|
-
|
-
|
-
|
|
(1) True thickness to be determined.
(2) 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 and fire assay with AA finish for
gold. Samples over 100 ppm silver were reanalyzed using four acid
digestion with an ore grade AA finish. Samples over 1,500 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 one
in 20 samples had a sample cut from assay rejects assayed as a
field duplicate at ALS Chemex in North Vancouver, B.C.
5
About Pretivm
Pretivm
is a low-cost intermediate gold producer with the high-grade
underground Brucejack Mine in northern British
Columbia.
For
further information contact:
|
Joseph Ovsenek
|
Troy Shultz
|
|
President & CEO
|
Manager, Investor Relations &
|
|
|
Corporate Communications
|
Pretium
Resources Inc.
Suite
2300, Four Bentall Centre, 1055 Dunsmuir Street
PO Box
49334 Vancouver, BC V7X 1L4
(604)
558-1784
invest@pretivm.com
(SEDAR
filings: Pretium Resources Inc.)
Forward-Looking Statements
This
news release contains “forward-looking information”,
“forward looking statements”, “future oriented
financial information” and/or “financial
outlooks” within the meaning of applicable Canadian and
United States securities legislation (collectively herein referred
to as “forward-looking statements” or
“forward-looking information”). The purpose of
disclosing future oriented financial information and financial
outlooks is to provide a general overview of management’s
expectations regarding the anticipated results of operations and
costs thereof and readers are cautioned that future oriented
financial information and financial outlook may not be appropriate
for other purposes. Wherever possible, words such as
“plans”, “expects”, “guidance”,
“projects”, “assumes”,
“budget”, “strategy”,
“scheduled”, “estimates”,
“forecasts”, “anticipates”,
“believes”, “intends”,
“modeled’, “targets” and similar
expressions or statements that certain actions, events or results
“may”, “could”, “would”,
“might” or “will” be taken, occur or be
achieved, or the negative forms of any of these terms and similar
expressions, have been used to identify forward-looking statements
and information. Any statements that express or involve discussions
with respect to predictions, expectations, beliefs, plans,
projections, objectives, assumptions or future events or
performance are not statements of historical fact and may be
forward-looking statements. Forward-looking information may
include, but is not limited to, information with respect to: our
planned mining, exploration and development activities, including
our regional grass-roots exploration program, our deep hole
underground exploration drilling and our expansion drilling, and
the results, plans and timing thereof; production and cost
guidance; anticipated results of our operations; our operational
grade control program, including plans with respect to our infill
drill program and our local grade control model; the reconciliation
of the global resource model for the Valley of the Kings and the
anticipated timing thereof; capital and operating cost estimates;
production and processing estimates; the future price of gold and
silver; the adequacy of our financial resources; our intentions
with respect to our capital resources; our financing activities,
including plans for the use of proceeds thereof; the estimation of
mineral reserves and resources including the 2016 Valley of the
Kings Mineral Resource estimate and the Brucejack Mineral Reserve
estimate; realization of mineral reserve and resource estimates;
timing of further development of our Brucejack Mine; costs and
timing of future exploration and development; results of future
exploration and drilling and timing of such results; capital and
operating cost estimates; timelines and similar statements relating
to the economic viability of the Brucejack Mine, including mine
life, total tonnes mined and processed and mining operations;
timing, receipt, and anticipated effects of approvals, consents and
permits under applicable legislation; our executive compensation
approach and practice; our relationship with community
stakeholders; litigation matters; environmental matters; and
statements regarding USD cash flows currency fluctuations and the
recurrence of foreign currency translation
adjustments.
6
Statements
concerning mineral resource estimates may also be deemed to
constitute forward-looking statements to the extent that they
involve estimates of the mineralization that will be encountered if
the property is developed. Forward-looking statements are subject
to a variety of known and unknown risks, uncertainties and other
factors that could cause actual events or results to materially
differ from those expressed or implied by the forward-looking
statements, including, without limitation, those related to: the
accuracy of our mineral resource and reserve estimates (including
with respect to size, grade and recoverability) and the geological,
operational and price assumptions on which they are based;
uncertainties relating to inferred mineral resources being
converted into measured or indicated mineral resources; commodity
price fluctuations, including gold price volatility; general
economic conditions; the inherent risk in the mining industry;
significant governmental regulations; currency fluctuations, and
such other risks as are identified in Pretivm’s Annual
Information Form dated March 28, 2018, Form 40-F dated March 28,
2018 and other applicable disclosure documents filed on SEDAR at
www.sedar.com and in the United States through EDGAR at the
Security and Exchange Commission’s website at www.sec.gov
(collectively, the “Pretivm Disclosure Documents”). Our
forward-looking statements are based on the assumptions, beliefs,
expectations and opinions of management on the date the statements
are made, many of which may be difficult to predict and beyond our
control. In connection with the forward-looking statements
contained in this news release, we have made certain assumptions
about our business, including about our exploration, development
and production activities, and the results, costs and timing
thereof; timing and receipt of approvals, consents and permits
under applicable legislation; the geopolitical, economic,
permitting and legal climate that we operate in; the price of gold
and other commodities; exchange rates; market competition; the
adequacy of our financial resources, and such other material
assumptions as are identified in the Pretivm Disclosure Documents.
We have also assumed that no significant events will occur outside
of our normal course of business. Although we believe that the
assumptions inherent in the forward-looking statements are
reasonable as of the date of this news release, forward-looking
statements are not guarantees of future performance and,
accordingly, undue reliance should not be put on such statements
due to the inherent uncertainty therein. We do not assume any
obligation to update forward-looking statements, 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 statements. Neither the TSX nor the NYSE has
approved or disapproved of the information contained
herein.
7
8