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Artemis Gold commences site works at Blackwater project

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(Kitco News) - Artemis Gold (TSXV: ARTG) today reported that site works are scheduled to begin on September 19, 2022 at the company's Blackwater gold project, located in British Columbia, Canada.

The company said that this program marks the commencement of on-site work to prepare Blackwater for the start of major works construction activities in Q1 2023, following receipt of the BC Mines Act Permit, expected in Fall 2022.

Artemis added that the scope of this program consists of expanding the capacity of the existing exploration camp by 90 rooms; construction of a 245-room construction camp; installation of a wastewater treatment plant; upgrading the potable water storage and treatment system; upgrading existing access roads to improve safety standards; and other activities.

Importantly, the company noted that the majority of the program is expected to be completed by December 2022, with final installation of a full-capacity wastewater treatment system and drainage system scheduled for completion in Q1 2023.

Chairman and CEO Steven Dean commented, "The start of site preparation activities marks the start of a new phase for Artemis and the Blackwater project as we prepare for the start of major construction activities in Q1 2023 following receipt of the BC Mines Act Permits in Fall 2022. This program also provides an opportunity for the Artemis construction team to refine onsite training, improve safety standards and refine operational procedures as we ramp up activities ahead of the start of major works."

Artemis Gold indicated that its primary focus is on advancing to construction the Blackwater gold project in central BC, Canada, a project with 10+ million ounces of gold in resources, Environmental Assessment approval and the potential to develop into one of the largest gold mines in Canada with cash costs in the lower quartile of global producers.

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