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January 9, 2013
05:36 EDTPVGPretium Resources provides update on Brucejack Project
Pretium Resources provided the following update on the progress of activities at its Brucejack Project in northern British Columbia. Excavation of the access ramp to the Valley of the Kings from the West Zone historical workings is now underway, with the widening of the West Zone historical workings completed. The access ramp to the Valley of the Kings from the West Zone is planned to total 546 meters in length, and is targeting the 1345 meter level at the 426600 cross-section of the Valley of the Kings. A total of 71 meters of the access ramp has been excavated since the turn towards the Valley of the Kings from the West Zone was initiated late last year. The ramp is expected to access the Valley of the Kings in April. In addition to targeting an area of mineralization for the bulk sample, the current ramp alignment will allow acceleration of production development as it will be used to provide multiple headings for excavation of the planned production declines. A channel sampling program along the ramp will be conducted as work progresses, as the area is untested. Further underground sampling and drilling is planned after Valley of the Kings has been reached.
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April 16, 2014
05:24 EDTPVGPretium Resources provides update on Brucejack Project
Pretium Resources announced the following update on its activities underway and planned for 2014 at its high-grade gold Brucejack Project. Pretivm expects to file its Environmental Assessment Certificate application this quarter once it receives the final Application Information Requirements from the British Columbia Environmental Assessment Office, or BCEAO, which is expected shortly. Once filed, the application will be evaluated for completeness over a 30-day period by BCEAO with the involvement of a working group including representatives of First Nations and local governments and other government agencies. Once the application has been accepted, the BCEAO has a maximum of 180 days to complete its review and prepare an assessment report for a decision by the Minister of Environment and the Minister of Energy and Mines. Work to update the Brucejack Project feasibility study has been ongoing, with the mine plan and mining stopes now updated to incorporate the revised economic parameters of $1,100/oz gold, $17/oz silver. Based on this work, the production rate of 2,700 tonnes per day has been confirmed. Other updates include equipment and materials pricing to Q2, and the update of labour rates, schedule and productivity. The amended Brucejack Project feasibility study is on track for completion in June.

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