Pretium Resources (PVG) (PVG.to) grabs us by the throat and demands our immediate attention with this NR. Please pay special attention to the bold type used by your humble scribe, in fact you can ignore the rest come to think of it:
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Oct 9, 2013) – Pretium Resources Inc. (PVG.TO)(PVG) (“Pretivm”) reports the following update for the Valley of the Kings Bulk Sample Program (the “Program”) at its Brucejack Project, for which processing is now underway.
Strathcona Mineral Services Ltd. (“Strathcona”), which had been engaged as the independent Qualified Person to oversee and report on the 10,000-tonne bulk sample for the Program, has resigned from the Project.
The processing of the excavated 10,000 tonnes is proceeding as planned at a rate of approximately 1,000 tonnes per week to produce gold/silver gravity and flotation concentrates. It is expected that approximately 4,000 ounces of gold will be produced in total from the material excavated for the Program, as defined by the Valley of the Kings November 2012 Mineral Resource estimate prepared by Snowden Mining Industry Consultants (“Snowden”) for that area of the Valley of the Kings.Independent Qualified Persons from Snowden are responsible for the review and sign-off of the milling and processing component of the Program, and will issue a final report on its completion.The processing results from the Program’s four cross-cuts and the 615L drift (the lateral drift excavated between cross-cuts 426615E and 426645E) will be reported as they are received, with the results from cross-cut 426585E anticipated within the next two weeks. The total amount of gold and silver produced by the mill will be reported on the completion of processing.An updated Mineral Resource estimate for the Valley of the Kings incorporating all 2013 underground and surface drilling and milling results will be prepared following the receipt of all assay data.Ian I Chang, M.A.Sc., P.Eng., Vice President, Project Development, Pretium Resources Inc. is the Qualified Person (QP) responsible for the Bulk Sample Program processing. 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.About Pretivm
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