Trading Symbol: TSX-V: ARTG
VANCOUVER, BC, Jan. 3, 2023 /CNW/ - Artemis Gold Inc. (TSXV:
ARTG) ("Artemis" or the "Company") is pleased to
provide an update on progress toward obtaining its BC Mines Act
Permit and advancing site works for the Company's Blackwater
project ("Blackwater" or the "Project") in central
British Columbia.
BC Mines Act Permit
The BC Mines Act Permits are now expected to be received in Q1
2023. This revised receipt date is not expected to affect the
Company's planned start of major construction activities at
Blackwater later in Q1 2023.
Site Works Overview
Site works currently underway include, but are not limited to,
the following activities:
- Logging, clearing and grubbing of the plant site area, and
commencement of bulk earthworks
- Installation of physical environmental controls, such as rapid
infiltration basins and plant site permitter drainage
channels;
- Advancement of the construction camp accommodations, which will
expand capacity to support up to 475 on-site personnel; and
- Prioritized upgrades to selected infrastructure.
Personnel
Since site works commenced in late September 2022, on-site personnel has increased
to approximately 100 employees and contractors. Approximately 30%
of Company personnel on-site are female, coupled with 30% of
on-site Indigenous personnel. As on-site activities ramp up, the
Company continues to further advance its Health and Safety
practices and protocols along with on-site Emergency Response
Training. These activities remain a key focus for the Company.
Plant Site Preparation
In the process plant area, tree clearing activities, as well as
other clearing and grubbing activities have been completed over the
entire 23-hectare plant site footprint. A new contractor laydown
area has been stripped, levelled, and graded with cut and fill
earthworks well advanced throughout. Earthworks continues on the
sediment and erosion control pond. This scope of work is well
advanced and on track to be completed before the commencement of
major works construction activities.
Figure 1: Blackwater Project Plant Site Area (Looking
South/West) Q4-2022
Source: Artemis Gold Inc.
Construction Camp
Installation
Site levelling, pad preparation and bulk earthworks for the
construction camp was completed as planned in Q4 2022. Kitchen
facilities have been placed with work well advanced. Accommodation
module buildings, arctic corridors and gym facilities were all
completed prior to end of Q4 2022. The construction camp is
on-track to be completed prior to the commencement of major works
construction activities.
Figure 2: Blackwater Project New Construction Camp Area (Looking
South) – Q4-2022
Source: Artemis Gold Inc.
Upgrades to
Infrastructure
The Company is also advancing required upgrades to site which
include running buried and surface pipelines from selected water
wells, and upgrades to its sewage infrastructure in order to
accommodate planned head count capacity at site for major works
construction activities. The Company has also completed
upgrades to fire suppression, Heating Ventilation and Air
Conditioning (HVAC) and associated electrical facilities at
site.
Steven Dean, Chairman and CEO
commented, "While we are disappointed that we did not receive
the BC Mines Act permits as planned in Fall 2022, they are well
advanced and are expected to be finalized in the coming weeks. The
Blackwater construction team has made significant progress in Q4
2022, with Blackwater on-site activities progressing on schedule.
The construction camp and process plant area preparation and bulk
earthworks are on track to be completed prior to the start of major
works. The on-site team and contractors are performing well,
putting Artemis on the path to ramp-up on-site activities for major
works steadily following receipt of the final BC Mines Act Permits
later in Q1 2023."
Further updates will be provided in due course.
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,
ARTEMIS GOLD INC.
On behalf of the Board of Directors
"Steven Dean"
Chairman and Chief Executive Officer
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 (together,
"forward-looking statements"). Forward-looking
statements can generally be identified by the use of
forward-looking terminology such as "may", "will", "expect",
"intend", "estimate", "anticipate", "believe", "continue", "plans",
"potential", "target" or similar terminology. Forward-looking
statements in this news release include, but are not limited to,
statements and information related to the plans of the Company
regarding the Project and other statements regarding future plans,
expectations, guidance, projections, objectives, estimates and
forecasts, as well as statements as to management's expectations
with respect to such matters.
Forward-looking statements and information are not historical
facts and are made as of the date of this news release. 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 Project within the expected timing
or at all; the timing of the finalization of definitive documents
related to the PLF and the satisfaction of other conditions
precedent; the timing and receipt of certain approvals, changes in
commodity and power prices, changes in interest and currency
exchange rates, risks inherent in exploration estimates and
results, timing and success, inaccurate geological and
metallurgical assumptions (including with respect to the size,
grade and recoverability of mineral reserves and resources),
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 and third party contractors,
delays in the receipt of government approvals, industrial
disturbances or other job action, and unanticipated events related
to health, safety and environmental matters), political risk,
social unrest, and changes in general economic conditions or
conditions in the financial markets. 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 any properties; (3)
the availability of financing on suitable terms for the
development, construction and continued operation of any mineral
properties; and (4) sustained commodity prices such that any
properties put into operation remain economically viable. The
actual results or performance by the Company could differ
materially from those expressed in, or implied by, any
forward-looking statements relating to those matters. 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
disclaims 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.