UPDATE: Pretium Says Indicated Gold Resources Increase by 66% at Valley of the Kings; Stocks Up Nearly 3%

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Pretium Resources Inc. ( PVG ) reported the 2012 Valley of the Kings mineral resource estimate for its wholly-owned Brucejack Project.

The company said high-grade gold resources in the Valley of the Kings (5.0 g/t gold-equivalent cut-off) total 8.5 million ounces of gold in the indicated mineral resource category (16.1 million tonnes grading 16.4 grams of gold per tonne) and 2.9 million ounces of gold in the inferred mineral resource category (5.4 million tonnes grading 17.0 grams of gold per tonne).

PVG went up by nearly 3% to $13.09. Volume traded is about 34,000.

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