Trading Symbol: TSX-V: ARTG
VANCOUVER, BC, Sept. 19,
2022 /CNW/ - Artemis Gold Inc. (TSXV:
ARTG) ("Artemis" or the "Company") is pleased to
announce that site works (the "Program") is scheduled to
begin on September 19, 2022 at the
Company's Blackwater project ("Blackwater" or the
"Project"). The 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.
The scope of the 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;
- Installation of well pumps and pipelines;
- Electrical upgrades;
- Upgrading existing access roads to improve safety
standards;
- Further geotechnical drilling and site investigation
activities; and
- Other ancillary activities required to support the commencement
of major works;
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. The program
also provides for an increase in permanent on-site personnel who
will facilitate training, along with the refinement and improvement
of onsite environmental, health, and safety protocols and operating
procedures.
Steven Dean, Chairman and CEO
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.".
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.