Pretivm Resources Inc. (PVG)

[silver100]

Pretium's Brucejack receives financing for assessment

2013-08-14 15:36 ET - News Release


Ms. Sofie McCoy-Astell of the Canadian Environmental Assessment Agency reports

BRUCEJACK GOLD MINE PROJECT - FEDERAL FUNDING ALLOCATED TO PARTICIPATE IN THE ENVIRONMENTAL ASSESSMENT

The Canadian Environmental Assessment Agency has allocated a total of $60,499.98 to two applicants to support their participation in the federal environmental assessment of Pretium Resources Inc.'s proposed Brucejack gold mine project located in British Columbia.

This financing was made available to the public and aboriginal groups through the participant funding program administered by the agency. It will enable participation in coming steps of the environmental assessment, which include reviewing and providing comments on the environmental impact statement and on the draft environmental assessment report.


DETAILS OF ALLOCATION
Applicant Allocation

Nisga'a Nation, as represented by the Nisga'a Lisims government $49,999.98
Metis Nation British Columbia $10,500.00
Total $60,499.98


For more information on the participant funding program, the federal environmental assessment process and the project, please visit the agency's website (registry reference No. 80034).

As part of the strengthened and modernized Canadian Environmental Assessment Act 2012 put in place to support the government's responsible resource development initiative, the agency is conducting a federal environmental assessment of this project.

This project is being assessed using a science-based approach. If it is permitted to proceed to the next phase, it will continue to be subject to Canada's strong environmental laws, rigorous enforcement and follow-up, and increased fines.

The proposed project

Pretium Resources is proposing the construction, operation and decommissioning of a gold-silver underground mine located approximately 65 kilometres north-northwest of Stewart, B.C. The proposed project would produce approximately 16 million tonnes of mineralized material at a rate of up to 2,700 tonnes per day over a minimum 16-year mine life.

The Canadian Environmental Assessment Agency administers the federal environmental assessment process, which identifies the environmental effects of proposed projects and the measures to address those effects, in support of sustainable development.