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Artemis Gold receives final approval needed to start major construction works at Blackwater

Vladimir Basov

Kitco News

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(Kitco News) - Artemis Gold (TSX-V: ARTG) today announced the approval of its BC Mines Act Permit for the Blackwater gold mine project in Central British Columbia, Canada.

The company said that the approval of the BC Mines Act Permit is the final step required to allow Artemis Gold to commence major works construction activities at the Blackwater mine in Q1 2023, with the expectation of an initial gold pour in H2 2024.

"Congratulations to Artemis Gold, the Lhoosk’uz Dené Nation, Ulkatcho First Nation, and Carrier Sekani First Nations, and communities in the area for their work together to advance this critically important project through the mine permitting and review process to final approval and construction. The Blackwater gold project will put lots of people to work and create a wide range of opportunities and benefits for local businesses, communities and First Nations while ensuring the highest standards of environmental protection, mitigation and sustainability," said David Eby, Premier of British Columbia, Canada.

In a statement, Artemis noted that the Blackwater mine is estimated to be the largest gold mine development project in the Cariboo region of B.C. in more than a decade, "supporting regional employment over multiple decades with the potential to be extended through further exploration."

Artemis Gold is a gold development company focusing on advancing to production the Blackwater gold project in central BC, Canada, a project with 10+ million ounces of gold in resources and the potential to become one of the largest gold mines in Canada with cash costs in the lower quartile of global producers.

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By Vladimir Basov

For Kitco News

Contact vbasov@kitco.com
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