Pretium Resources Reports on Q2 Activities

Pretium Resources Inc. (TSX:PVG,NYSE:PVG) announced its results for the second quarter of 2015, also providing an update on activities at its British Columbia-based Brucejack project.
In terms of Brucejack, the company highlighted its recent receipt of a positive environmental assessment decision statement from Canada’s federal minister of the environment. Earlier it received an environmental assessment certificate from the BC minister of the environment and minister of energy and mines.
Q2 highlights are as follows:

• On April 2, 2015, we announced that we had entered into a comprehensive Cooperation and Benefits Agreement with the Nisga’a Nation in respect of our Brucejack Project (see news release dated April 2, 2015). This Agreement establishes a long-term, mutually-beneficial relationship between Pretivm and the Nisga’a Nation, who have rights and interests as defined by the Nisga’a Final Agreement in the Nass Area where portions of the Project are located.
• On May 13, 2015, we announced that Robert Quartermain had been appointed as Chairman and Chief Executive Officer, Joseph Ovsenek was promoted to President, Michelle Romero was promoted to Vice President, Corporate and Kevin Torpy was promoted to General Manager – Brucejack Mine.
• On May 20, 2015, we announced a private placement of flow-through common shares of the Company, at a price of $8.75 per share. The private placement was completed on June 8, 2015 and a total of 800,000 flow-through shares were issued, for total gross proceeds of approximately $7,000,000. The proceeds from the private placement will be used to fund grass-roots exploration with an airborne geophysical program and a surface drill program targeting geophysical anomalies east of theBrucejack Project.
• On June 4, 2015, we announced initial results from the underground infill drill program in the Brucejack Project’s Valley of the Kings. Stope definition drilling intersected visible gold and continued to confirm the continuity of gold mineralization in stope areas defined by the June 2014 Feasibility Study for the Brucejack Project.
• Working capital at June 30, 2015 was $60.8 million.
• Subsequent to the end of the quarter, on July 15, 2015, we announced a second set of results from the underground infill drill program in the Valley of the Kings which continued to confirm the style and grade distribution of the gold mineralization in the area currently being tested, including the intersection of high-grade and visible gold.
• On July 30, 2015, we announced that we received a positive Environmental Assessment Decision Statement from the Federal Minister of the Environment.

Click here to read the full Pretium Resources Inc. (TSX:PVG,NYSE:PVG) press release.