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Pretium Resources Inc:Brucejack Project Receives Positive Federal Environmental Assessment Decision
2015/08/04 4181

From http://www.pretivm.com

Pretium Resources Inc.(TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to announce that it has received an Environmental Assessment Decision Statement from the Federal Minister of the Environment which finds that theBrucejack Projectis not likely to cause significant adverse environmental effects.

The Minister issued a Project Recommendation that includes a determination regarding the potential effects of the Project under theNisga'a Final Agreement, which is a modern treaty signed by the governments ofCanada,British Columbiaand the Nisga'a Nation.

In reaching the decision, the Minister considered the Project Recommendation and theCanadian Environmental Assessment Agency's(CEAA) Environmental Assessment Report. The Report includes the CEAA's conclusions and recommendations on the potential environmental effects of the project, the proposed mitigation measures, the significance of any remaining adverse environmental effects, and the follow-up program.

As theBrucejack Projectadvances to mine construction Pretivm will address the conditions which include mitigation measures and follow-up requirements which must be fulfilled throughout the life of the project.

Documentation related to the CEAA review process for theBrucejack Project, including the Decision Statement and Environmental Assessment Report, can be accessed from the Canadian Environmental Assessment Registry website at https://www.ceaa-acee.gc.ca/050/documents-eng.cfm?evaluation=80034&type=1.

About Pretivm

Pretivm is advancing its 100%-ownedBrucejack Projectin northernBritish Columbiato production as a high-grade gold underground mine. Based on the results of theJune 2014Feasibility 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.

Link: http://www.pretivm.com/news/news-details/2015/Pretium-Resources-Inc-Brucejack-Project-Receives-Positive-Federal-Environmental-Assessment-Decision/default.aspx