Artemis Gold Inc.

Description

Artemis Gold Inc is a Canadian mining firm.

It is engaged in the development and exploration of gold properties. The British Colombia-based firm is focused at developing its Blackwater Gold Project to generate regular streams of cashflow.

The mining firm’s stocks are traded on the TSX Venture Exchange under the ticker symbol ‘ARTG’.

The Blackwater Project hosts 328 mineral claims in a total area of 148,688 hectares.

The Canadian company wholly owns the Blackwater Gold project situated in British Columbia. Artemis Gold Inc says that at present the open pit mine is at a pre-feasibility study stage. The mineral exploration firm says that the project highlights include:
• Gold Reserves: 8 million ounces
• Silver Reserves: 60 million ounces
• Silver resources: 122.4 million ounces
• Gold resources: 11.7 million ounces

The Phase 1 (1-5 years) highlights include initial development capital worth C$592 million with throughput of 5.5 million tons per annum. The average annual gold production of 248,000 ounces.

Artemis Gold Inc says that the Phase 2 (6-10 years) includes expansion capital of C$426 million with an average annual gold production of 420,000.

On May 27, 2021, Artemis Gold signed an impact benefits agreement (IBA) with Nazko First Nation regarding the Black Water Gold Project. As per the agreement Nazko First Nation is likely to support the development of the Black Water Project and work along Artemis for mutual benefit.

The gold mineral exploration says it focuses on community-building program by continuing the New Gold’s commitment while acquiring the Black Water project.

The participation agreement that New Gold signed with two indigenous nations whose territories overlap the Blakwater mine site, Lhoosk’uz Dene Nation and Ulkatcho First Nation, is now continued by Artemis Gold.

The mining and exploration entity claims to build strong relationships with indigenous nations and promote their employment and development reportedly.