Pretivm Submits Application for Environmental Assessment Certificate; Files NI 43-101 Feasibility Study and Technical Report
July 02 2014 - 5:00AM
Marketwired
Pretivm Submits Application for Environmental Assessment
Certificate; Files NI 43-101 Feasibility Study and Technical Report
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 2, 2014) -
Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased
to announce that it has submitted the Environmental Assessment
Certificate application to the British Columbia Environmental
Assessment Office ("BCEAO") for its high-grade gold Brucejack
Project.
The 30-day screening period to ensure that the application is
complete has now commenced. Once the application has been accepted,
the BCEAO has a 180-day period to complete a review with the
involvement of a working group including representatives of First
Nations and local governments and other government agencies. The
BCEAO then prepares an assessment report for a decision by the
Minister of Environment and the Minister of Energy and Mines.
In coordination with the British Columbia provincial permitting
process, the Canadian Environmental Assessment Agency will review
the Environmental Impact Statement which we expect to submit this
month.
The Brucejack Project has been proposed as a 2,700
tonnes-per-day underground gold mine.
Additionally, we have filed on SEDAR the National Instrument
43-101 "Feasibility Study and Technical Report Update" referenced
in the news release dated June 19, 2014 highlighting the positive
results of the updated feasibility study for the Brucejack
Project.
The Technical Report, dated June 19, 2014, will also be
available on Pretivm's web site at www.pretivm.com.
About Pretivm
Pretivm is advancing its 100%-owned Brucejack Project in
northern British Columbia to production as a high-grade gold
underground mine. Based on the results of the June 2014 Feasibility
Study, Brucejack is expected to produce an average of 504,000
ounces of gold a year over the first 8 years and 404,000 ounces of
gold a year over the 18-year mine life. Brucejack's Valley of the
Kings hosts Proven and Probable reserves totalling 6.9 million
ounces of gold (13.6 million tonnes grading 15.7 grams of gold per
tonne). Commercial production at Brucejack is targeted for
2017.
Forward Looking Statements
This News Release contains "forward-looking information" and
"forward looking statements" within the meaning of applicable
Canadian and United States securities legislation. Forward-looking
information may include, but is not limited to, information with
respect to our planned exploration and development activities, the
adequacy of Pretivm's financial resources, the estimation of
mineral reserves and resources including the 2013 Valley of the
Kings Mineral Resource estimate, realization of mineral reserve and
resource estimates and timing of development of Pretivm's Brucejack
Project, costs and timing of future exploration, results of future
exploration and drilling, production and processing estimates,
capital and operating cost estimates, timelines and similar
statements relating to the economic viability of the Brucejack
Project, timing and receipt of approvals, consents and permits
under applicable legislation, Pretivm's executive compensation
approach and practice, and adequacy of financial resources.
Wherever possible, words such as "plans", "expects", "projects",
"assumes", "budget", "strategy", "scheduled", "estimates",
"forecasts", "anticipates", "believes", "intends", "targets" and
similar expressions or statements that certain actions, events or
results "may", "could", "would", "might" or "will" be taken, occur
or be achieved, or the negative forms of any of these terms and
similar expressions, have been used to identify forward-looking
statements and information. Statements concerning mineral reserve
and resource estimates may also be deemed to constitute
forward-looking information to the extent that they involve
estimates of the mineralization that will be encountered if the
property is developed. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, assumptions or future events or
performance are not statements of historical fact and may be
forward-looking information. Forward-looking information is subject
to a variety of known and unknown risks, uncertainties and other
factors that could cause actual events or results to differ from
those expressed or implied by the forward-looking information,
including, without limitation, those risks identified in Pretivm's
Annual Information Form dated March 31, 2014 filed on SEDAR at
www.sedar.com and in the United States on Form 40-F through EDGAR
at the SEC's website at www.sec.gov. Forward-looking information is
based on the expectations and opinions of Pretivm's management on
the date the statements are made. The assumptions used in the
preparation of such statements, although considered reasonable at
the time of preparation, may prove to be imprecise. We do not
assume any obligation to update forward-looking information,
whether as a result of new information, future events or otherwise,
other than as required by applicable law. For the reasons set forth
above, prospective investors should not place undue reliance on
forward-looking information. Neither the TSX nor the NYSE has
approved or disapproved of the information contained herein.
Joseph OvsenekExecutive Vice President and Chief Development
Officer(604) 558-1784Michelle RomeroVice President, Corporate
Relations(604) 558-1784Pretium Resources Inc.570 Granville Street,
Suite 1600Vancouver, BC V6C 3P1(604)
558-1784invest@pretivm.comwww.pretivm.com
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