Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update

TICKERS: PVG

Ramp-up at Valley of the Kings Mine On Schedule
News Update

Share on Stocktwits

Source:

Meanwhile, elsewhere on the property, the Canadian company continues exploration.

Pretium's Brucejack Mine

Pretium Resources Inc. (PVG:TSX; PVG:NYSE) announced in a news release that the ramp-up at Brucejack is advancing on schedule.

The gold producer reported that it continues to accelerate underground development at a targeted 1,000 meters (1,000m) per month, a schedule likely to be maintained throughout 2019.

Additionally, alterations and upgrades being made to sustain processing at the increased rate of 3,800 tons per day are advancing on schedule. The bulk loading system is now installed and running as a fully integrated part of the concentrate process.

The company will continue to modify the flotation circuit as the final components become available.

Regarding exploration, Pretium added a third deep hole to its 2019 underground exploration program to follow up on the successful results it yielded. Observations from that hole, VU-2019, "continue to indicate that Brucejack-style mineralization extends at depth below the VOK," the release noted.

On its Bowser Claim Group, east of the Brucejack mine, Pretium's approximately 5,000m, 2019 grassroots exploration program is in progress. Two drills are testing the high-priority, volcanogenic massive sulphide targets on the northern and central parts of the property. A third drill, scheduled for mobilization to the site in mid-July, will test epithermal targets on the southern portion.

[NLINSERT]

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Pretium Resources. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Pretium Resources, a company mentioned in this article.





Want to read more about Gold investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe