Snapback rally for Pretium after positive results

|About: Pretium Resources Inc (PVG)|By:, SA News Editor

Pretium Resources (PVG +19.4%) claws back a chunk of its large losses this month after reporting positive drill fan results at its Valley of the Kings project in British Columbia. "Reported assays include 12 intersections grading greater than 1K grams per ton gold uncut, two of which were intersected in the planned Program fan."

The company was most recently stung on Tuesday by a geologist team asserting there was "no valid gold resource" at the project.