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Pretium Resources Inc.
Summary
| Project: | Brucejack | |
|---|---|---|
| Deposit: | Valley of the Kings | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 12/15/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 15-12-2016: Pretium Resources Inc. announces a Resource Estimation report for its Valley of the Kings deposit at the Brucejack project. Updated ore reserve estimate for Valley of the Kings deposit. Vancouver, British Columbia December 15, 2016; Pretium Re | |
| Resources: | (Reserve, P+P): 15.6Mt @ 16.1g/t Au, 11.1g/t Ag at Valley of the Kings | |
| CP/QP: | [Overall Report]: Russell Pennell (Internal) | |
| ABSTRACT: | Vancouver, British Columbia December 15, 2016; Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) is pleased to report a positive updated Valley of the Kings Mineral Reserve estimate for its Brucejack Project, where construction and development continues on schedule for commissioning of the underground mine in mid-2017. The Company also reports the appointment of Robert Quartermain to Executive Chair and Joseph Ovsenek as President and Chief Executive Officer effective January 1, 2017. The updated Mineral Reserve estimate is based on the July 2016 Mineral Resource estimate for the Valley of the Kings (see news release dated July 21, 2016). The July 2016 Mineral Resource estimate was updated based on the 2015-2016 Valley of the Kings infill drill program which consisted of 63,740 meters in 367 drillholes designed to target stope areas to be mined in the first three years of the current mine plan (1320-meter level to 1200-meter level). | |
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