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February 23, 2012
06:20 EDTPVGPretium Resources provided update on progress of activities at Brucejack
Pretium Resources provided an update on the progress of activities now underway at its Brucejack high-grade gold Project in northern British Columbia. Pretivm has retained Wardrop, a Tetra Tech Company to prepare a feasibility study on the high-grade gold opportunity at Brucejack. The feasibility study is expected to be completed by year-end. An initial program of 24,000 meters of surface infill drilling is planned to commence by the end of February in the Valley of the Kings Zone. A permit application has been filed to access the Valley of the Kings underground by driving an exploration decline from the 1330 meter level of the existing West Zone underground workings. The West Zone has been dewatered past the 1330 meter level and a surveying and geotechnical mapping program has been completed. A 3,500-meter geotechnical surface drill program is now underway to confirm ground conditions between the Valley of the Kings and the West Zone.
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