TSXV: ARTG
VANCOUVER, BC, July 4, 2023
/CNW/ - Artemis Gold Inc. (TSXV: ARTG) ("Artemis Gold"
or the "Company") announces receipt of the Fisheries Act
Authorization for development of the Blackwater Mine
("Blackwater"). The Fisheries Act Authorization is the Government
of Canada's approval of the
Company's plan to avoid, mitigate and offset impacts to fish
habitat in and around the Blackwater area. In particular, it
facilitates the commencement of in-stream construction works
including the building of water diversion structures and dams in
the Davidson Creek valley which runs though the basin of the
Blackwater tailings storage facility.
Steven Dean, Chairman and CEO of
Artemis Gold, said: "This represents yet another important
milestone in the construction of Blackwater, which will be one of
B.C.'s largest gold mines and a significant contributor to the
local, provincial, and federal economies. Our senior management and
construction teams are focused on completing Phase 1 construction
on schedule to pour first gold in H2 2024."
About Artemis Gold Inc.
Artemis Gold Inc. is a well-financed, growth-oriented gold
development company with a strong financial capacity aimed at
creating shareholder value through the identification, acquisition,
and development of gold properties in mining-friendly
jurisdictions. The company's current focus is construction of the
Blackwater Mine project in central British Columbia approximately 160km southwest
of Prince George and 450km
northeast of Vancouver. The
project is one of the largest capital investments in the
Bulkley-Nechako, Fraser-Fort George
and Cariboo regions of B.C. in the last decade. The first pour of
gold and silver from Blackwater Mine is expected H2 2024 and the
mine is expected to be in production for a minimum of 22 years.
Artemis Gold trades on the TSX-V under the symbol "ARTG". For more
information visit: artemisgoldinc.com
Qualified Person
Jeremy Langford, FAUSIMM, a
Qualified Person as defined by National Instrument 43-101, has
reviewed, and approved the scientific and technical information in
this news release.
On behalf of the Board of Directors
Steven Dean
Chairman and Chief Executive Officer
+1 604 558 1107
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Note Regarding
Forward-Looking Information
This news release contains certain "forward looking
statements" and certain "forward-looking information" as defined
under applicable Canadian and U.S. securities laws. Forward-looking
statements and information can generally be identified by the use
of forward-looking terminology such as "may", "will", "expect",
"intend", "estimate", "anticipate", "believe", "continue", "plans",
"potential" or similar terminology. Forward-looking statements and
information are not historical facts, are made as of the date of
this news release, and include, but are not limited to, statements
regarding the potential of the Project; the jobs to be created in
connection with the Project; the contribution of the Project to the
economy; opinions of the Province of British Columbia regarding the Project and the
region; agreements and relationships with Indigenous partners; the
future of mining in British
Columbia; the plans of the Company with respect to the
Project, including construction, site preparation, clearing,
consultation with indigenous groups ;; and other plans and
expectations of the Company with respect to the Project. These
forward-looking statements involve numerous risks and uncertainties
and actual results may vary. Important factors that may cause
actual results to vary include without limitation, risks related to
the ability of the Company to accomplish its plans and objectives
with respect to the development of the Project within the expected
timing or at all, the timing and receipt of certain required
approvals, changes in commodity prices, changes in interest and
currency exchange rates, risks inherent in exploration and
development activities, changes in development or mining plans due
to changes in logistical, technical or other factors, unanticipated
operational difficulties (including failure of plant, equipment or
processes to operate in accordance with specifications, cost
escalation, unavailability of materials, equipment or third party
contractors, delays in the receipt of government approvals,
industrial disturbances, job action, and unanticipated events
related to health, safety and environmental matters), the COVID-19
pandemic, political risk, social unrest, changes in general
economic conditions or conditions in the financial markets, and
other risks related to the ability of the Company to proceed with
its plans for the Project and other risks set out in the Company's
most recent MD&A. In making the forward-looking statements in
this news release, the Company has applied several material
assumptions, including without limitation, the assumptions that:
(1) market fundamentals will result in sustained mineral demand and
prices; (2) the receipt of any necessary approvals and consents in
connection with the development of the Project; (3) the
availability of financing on suitable terms for the development,
construction and continued operation of the Project; (4) sustained
commodity prices such that the Project remains economically viable;
and (5) that the COVID-19 pandemic and restrictions related thereto
will not materially impact the Company or prevent the Company from
operating its business as planned. The actual results or
performance by the Company could differ materially from those
expressed in, or implied by, any forward-looking statements.
Accordingly, no assurances can be given that any of the events
anticipated by the forward-looking statements will transpire or
occur, or if any of them do so, what impact they will have on the
results of operations or financial condition of the Company. Except
as required by law, the Company is under no obligation, and
expressly disclaim any obligation, to update, alter or otherwise
revise any forward-looking statement, whether written or oral, that
may be made from time to time, whether as a result of new
information, future events or otherwise, except as may be required
under applicable securities laws.
SOURCE Artemis Gold Inc.