Wednesday, April 19, 2017

Pretium Resources Inc. - PVG.t

Pretium Resources Inc. - PVG.t is advancing the flagship Brucejack project located 65 kilometers north of Stewart in northern British Columbia.

A feasibility study has outlined Proven and Probable mineral reserves in the Valley of the Kings of 6.9 million ounces of gold (13.6 million tonnes grading 15.7 grams per tonne gold)

On March 31, 2017 the company reported NEWS

Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company) is pleased to report that the Brucejack Mine transmission line is now energized and dry commissioning is underway. Wet commissioning remains on schedule to begin in early April with the first ore expected to be introduced to the mill in mid-April.

The 57-kilometer long transmission line connecting the Brucejack Mine to the BC Hydro power grid was completed on March 21, 2017 and energized on March 31, 2017 following regulatory approval. The transmission line will provide low cost, clean energy to power the site including the mill and underground operations.

Construction of underground infrastructure, including the crusher, conveyor, and transfer towers is nearing completion and the electrical substation has been energized. The underground conveying system has been completed with all belts installed. With the critical mechanical and electrical components in place, remaining roof decking and wall cladding will be completed to enclose the portal building. All conveyor galleries from the Valley of the Kings portal to the mill building are installed with belt installation to commence over the next week.