TSXV: ARTG
VANCOUVER, BC, March 20,
2023 /CNW/ - Artemis Gold Inc. (TSXV: ARTG)
("Artemis Gold" or the "Company") is pleased to
provide an update on work completed on the Blackwater Mine process
plant by the Company's Engineering, Procurement and Construction
("EPC") contractor, Sedgman Canada Limited
("Sedgman").
As of the end of February 2023,
Sedgman has completed approximately 63% of the detailed engineering
for the processing plant.
On the procurement front, over 90% of the total processing
equipment packages have been awarded. This includes key items such
as the ball mill, gyratory crusher, apron and reclaim feeders, the
secondary and tertiary crushers, slurry and solution pumps, the
pre-leach and carbon in leach tankage, vibrating screens, and the
gravity concentrators. Manufacturing has commenced and is
proceeding in accordance with the relative fabrication vendor
schedules/timelines (see photos enclosed).
Sedgman has filled all key positions for its team at the
Blackwater site. There are over 80 full time personnel in the
Vancouver office who are currently
assigned to the Blackwater Mine project. Sedgman's key on-site
management personnel have either commenced with the company or have
been appointed.
Looking ahead to Q2-2023, Sedgman will continue to mobilize
personnel to the Blackwater site and focus on finalizing site
establishment and commencing civil works and subsequent concrete
pours at major foundations within the process plant area.
Deliveries of procurement packages will start arriving on site in
early Q2-2023, and first concrete pours for major foundations are
also scheduled to commence in early Q2-2023.
Further updates will be provided in due course.
Sedgman Canada Limited is a wholly owned subsidiary company of
Sedgman Pty Limited, a CIMIC Group company. CIMIC Group is an
engineering-led construction, mining, services and public private
partnerships leader working across the lifecycle of assets,
infrastructure and resources projects. CIMIC Group comprises our
construction businesses CPB Contractors, Leighton Asia and Broad,
our mining and mineral processing companies Thiess (joint control)
and Sedgman, our services specialist UGL and our development and
investment arm Pacific Partnerships – all supported by our in-house
engineering consultancy EIC Activities. Our mission is to generate
sustainable returns by delivering innovative and competitive
solutions for clients and safe, fulfilling careers for our people.
With a history since 1899, and around 25,500 people in around 20
countries, we strive to be known for our principles of Integrity,
Accountability, Innovation and Delivery, underpinned by Safety.
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.
ARTEMIS GOLD INC.
On behalf of the Board of Directors
"Steven Dean"
Chairman and Chief Executive Officer
+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. Forward-looking
statements and information can generally be identified by the use
of forward-looking terminology such as "may", "will", "expect",
"intend", "estimate", "anticipate", "believe", "continue", "plans",
"potential" or similar terminology. Forward-looking statements and
information are not historical facts, are made as of the date of
this news release, and include, but are not limited to, statements
regarding the potential of the Project; the jobs to be created in
connection with the Project; the contribution of the Project to the
economy; opinions of the Province of British Columbia regarding the Project and the
region; agreements and relationships with Indigenous partners; the
future of mining in British
Columbia; the plans of the Company with respect to the
Project, including construction, site preparation, clearing,
consultation with indigenous groups ;; and other plans and
expectations of the Company with respect to the Project.
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 development of the Project within
the expected timing or at all, the timing and receipt of certain
required approvals, changes in commodity prices, changes in
interest and currency exchange rates, risks inherent in exploration
and development activities, 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 or third party contractors, delays in the receipt of
government approvals, industrial disturbances, job action, and
unanticipated events related to heath, safety and environmental
matters), the COVID-19 pandemic, political risk, social unrest,
changes in general economic conditions or conditions in the
financial markets, and other risks related to the ability of
the Company to proceed with its plans for the Project and other
risks set out in the Company's most recent MD&A. 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 the Project; (3) the availability of financing on suitable terms
for the development, construction and continued operation of the
Project; (4) sustained commodity prices such that the Project
remains economically viable; and (5) that the COVID-19 pandemic and
restrictions related thereto will not materially impact the Company
or prevent the Company from operating its business as planned. The
actual results or performance by the Company could differ
materially from those expressed in, or implied by, any
forward-looking statements. 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 disclaim 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.