Artemis Announces Commencement of Site Works at Blackwater
3083 Three Bentall Centre, 595 Burrard Street, Vancouver, BC, V7X 1L3
Telephone: 604.558.1107 Fax: 604.566.9050 [email protected]
www.artemisgoldinc.com
NEWS RELEASE
September 19, 2022 Trading Symbol: TSX-V: ARTG
ARTEMIS ANNOUNCES COMMENCEMENT OF SITE WORKS AT BLACKWATER
Vancouver, British Columbia – Artemis Gold Inc. – September 19, 2022 (TSX-V: 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
3083 Three Bentall Centre, 595 Burrard Street, Vancouver, BC, V7X 1L3
Telephone: 604.558.1107 Fax: 604.566.9050 [email protected]
www.artemisgoldinc.com
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
For further information: Nicholas Campbell, VP Capital Markets, +1 (604) 558-1107.
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 di fficulties (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
3083 Three Bentall Centre, 595 Burrard Street, Vancouver, BC, V7X 1L3
Telephone: 604.558.1107 Fax: 604.566.9050 [email protected]
www.artemisgoldinc.com
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.