Pretium Resources (PVG-T) June 29, '16 is pleased to report on the progress of site construction activities at its high-grade gold Brucejack Project located in northwestern British Columbia. Construction and development continues on schedule for commissioning of the underground mine in mid-2017.
Mill Facility
Construction of the mill building continues to progress with the pouring of concrete foundations and pedestals for the building as well as footings and pedestals for the surge bin and the SAG and ball mills.
Standing of structural steel is underway and full enclosure of the mill building remains on schedule and is expected to be complete in the third quarter. Prior to full enclosure of the building, internal structural steel and mechanical equipment installation will commence. The SAG and ball mills are scheduled to arrive in August.
Camp Installation
The prefabricated modules for the 330-person camp have been installed and structural interconnection work, electrical installation, communication wiring, and water and sewer piping continue throughout the complex. Steel roof decking is complete for the first dorm and continues on the second. The first of the three dorms is expected to be operational shortly.
Underground Development
Collaring of the main portal access for the Valley of the Kings has commenced and crews are driving the access decline from both ends. The portal will serve as the primary access point to convey the gold ore from the underground crusher to the mill.
Underground development remains on schedule and crews are advancing at a rate of over 25 meters a day. Current underground activity at the Valley of the Kings includes excavation of the main access ramp, development of the 1260, 1290, 1300, 1320, 1350 and 1380-meter levels.
Underground work is also focused on the excavation of headings for infrastructure including the conveyor ramp, conveyor transfer tower, paste fill booster pump station, and Vent Raise #2.
Transmission Line
The transmission line contractor is on site and advancing tower foundations. The tower foundations are currently being prepared for tower installation utilizing a high capacity air crane to transport equipment and concrete. Connection to the BC Hydro power grid is expected in the fourth quarter.
To view updated photos of construction progress please see the following link to the Brucejack construction photo gallery on our website: www.pretivm.com/photo.
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.
Management Update
The Company is pleased to announce that David Prins has been appointed Project Director for the Brucejack Gold Project and will be responsible for all aspects of the Project's construction, commissioning and transition to operations. Mr. Prins has extensive experience in the evaluation, design, planning and execution stages of mining projects. Mr. Prins worked with Placer Dome Project Development Group directly and indirectly for a period of over 16 years which included a 10 year period at the Zaldivar Mine in Northern Chile. Since then, Mr. Prins has been involved with numerous projects, primarily in Latin America.
About Pretivm
Pretivm is constructing a high-grade underground gold mine at its Brucejack Project in northern British Columbia with commercial production targeted for 2017.
Pretium Resources Inc.
Joseph Ovsenek
President
(604) 558-1784 or (877) 558-1784
Pretium Resources Inc.
Troy Shultz
Manager, Investor Relations & Corporate Communications
(604) 558-1784 or (877) 558-1784
invest@pretivm.com
www.pretivm.com |
