Jun 20 2013
Pretium Resources Inc. ("Pretivm") is pleased to provide an update on the progress of the Bulk Sample Program underway at the Brucejack Project's Valley of the Kings.
The Program's underground development advance is well underway, with all infrastructure now in place and the excavation of development drifts and cross-cuts on schedule. Visible gold has been encountered in areas of the wall rock along the 426600E cross-cut and the 6258015N drill drift.
For a current plan of the development advance of the Bulk Sample Program at the Valley of the Kings with a drill fan cross section please visit the following link: http://media3.marketwire.com/docs/pvg0619fig1.pdf.
The sample tower has been commissioned with material excavated from the development advance, and is prepared to receive material from the 10,000-tonne bulk sample excavation, which is scheduled to commence next week. The Bulk Sample Program excavation and sampling is expected to be completed in late July or early August.
Also underway is the 15,000-meter underground drill program, with two drills working and a third expected in a week. The drill program is expected to be completed by mid-August.
Strathcona Mineral Services Ltd. of Toronto has been engaged as the independent Qualified Person to oversee and report on the Valley of the Kings Bulk Sample Program.
Assay results from underground drilling will be reported as they are received. Strathcona's report on the Bulk Sample Program is expected later in the year after compilation of all data.
Kenneth C. McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, Pretium Resources Inc. is the Qualified Person (QP) responsible for the Brucejack Project exploration program. Ian I Chang, M.A.Sc., P.Eng., Vice President, Project Development, Pretium Resources Inc. is the Qualified Person (QP) responsible for Brucejack Project development.
Source: http://www.pretivm.com/