Blackwater Gold Mine. (File photo)

Blackwater Gold Mine. (File photo)

Artemis Gold plans phased approach for Blackwater Project

Artemis Gold will directly employ up to 580 people during the initial construction period

Artemis Gold is taking a different approach with the Blackwater Project.

Artemis is proposing three phases. In Phase 1, the company will start with a 15,000 tonnes-per-day mine capacity, ramping up to 33,000 tonnes-per-day in the sixth year (Phase 2), followed with 55,000 tonnes-per-day in year 11 (Phase 3), the company said in an emailed statement to the Express.

New Gold on the other hand had proposed to build a 60,000 tonne-per0day mine which was to operate under full capacity right after construction.

READ MORE: New Gold to sell Blackwater Gold project for $190 million

“As a result of starting smaller, the mine is expected to operate for 23-years based on the 2020 feasibility study, compared to the 17 years proposed by New Gold,” the statement said.

Steven Dean, CEO and Director of Artemis Gold said the company is excited about the phased approach.

“The pre-feasibility study shows very robust economics without sacrificing any of the environmental protections that New Gold committed to during the environmental assessment, and the longer mine life will create more community benefits over a longer period,” Dean said.

The 2020 pre-feasibility project is expected to have up-front development costs of $592 million. “The project proposed by New Gold had up-front developmental costs of more than $1.9 billion, an amount of capital which is difficult to attract in any environment,” the statement read.

With the study now complete, the company is focused on engineering, environmental work, engagement and negotiations with Indigenous groups.

Artemis Gold will directly employ up to 580 people during the initial construction period which is expected to last 18-24 months, and up to 740 people during operations.

Meanwhile, by November this year, the engineering work including geotechnical drilling will start at the project site. This work is scheduled to continue until June 2021.

The company is also planning to conduct an ore grade control drilling program during that time.

“So while we aren’t yet building the mine, there will be quite a bit of activity at site. We will work with our partners, Lhoosk’uz Dene Nation and Ulkatcho First Nation, whose traditional territories overlap the planned mine site, with member employment and business development opportunities to help execute the planned programs. We also plan to use local area contractors and local labor as much as possible for the programs,” officials said.

Major mine permit applications will be submitted by the company mid next year, and are hoping to have approvals by the end of 2021.

Artemis Gold plans on starting construction in mid-2022, and pour the first gold in 2024.

The average gold production at Blackwater will be 248,000 ounces in Phase 1, 420,000 ounces in Phase 2 and 316,000 ounces in Phase 3.

Artemis Gold is a gold development company based out of Vancouver, B.C. The company, which was spun out of Atlantic Gold prior to be bought by St. Barbara Ltd., was formed in 2019. Artemis Gold’s current asset portfolio includes — 100 percent ownership in the Blackwater Project in central B.C., a 39 percent strategic stake in Velocity Minerals Ltd. which is a gold exploration and development company focused in Bulgaria, as well as the right to earn 100 percent of the GK property, which is a copper-gold porphyry and epithermal target located within northwestern B.C.’s prolific Golden Triangle.

The company has an office in Vanderhoof and plans to run its operations for Blackwater through their office here. Due to COVID-19, the Blackwater Project office remains closed to the public at this time. However, the office staff are still available during this time at 250.567.3276 or email office.blackwater@artemisgold.com.


Aman Parhar
Publisher/Editor, Vanderhoof Omineca Express

aman.parhar@ominecaexpress.com

Like us on Facebook and follow us on Twitter

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

A groundbreaking ceremony for Cluculz Lake’s new fire hall will take place Tuesday, June 22. The current fire hall is able to only store one apparatus. (Photo submitted)
New fire hall on the way for Cluculz Lake

Approximate $950,000 facility anticipated to be completed by this fall

A cell tower is pictured in rural Ontario on Wednesday, July 15, 2020. (THE CANADIAN PRESS/Sean Kilpatrick)
Connected future for Saik’uz First Nation

Cellular tower to be constructed by Telus within the community

Nechako River. (Aman Parhar/Omineca Express)
So far so good, but officials keeping tabs on Nechako River streamflow

Vanderhoof Mayor said typically if there is flooding, it occurs toward the end of May and early June

Fishers prefer landscapes with large areas of connected forest, said the Forest Practices Board. (Loney Dickson photo)
Logging continuing to impact fisher habitat in B.C.

Forest Practices Board concludes investigation near Bobtail Mountain Provincial Park

Cariboo North MLA Coralee Oakes shared this photo of the binders and binders of letters and paperwork she’s received on area roads in the past few years. (Submitted photo)
Cariboo MLAs call on province to fix region’s roads

Minister Rob Fleming said more resources were on the way to the region

A bullet hole is seen in the windshield of an RCMP vehicle approximately 4 km from Vancouver International Airport after a one person was killed during a shooting outside the international departures terminal at the airport, in Richmond, B.C., Sunday, May 9, 2021. THE CANADIAN PRESS/Darryl Dyck
Homicide team IDs man in fatal YVR shooting as police grapple with spate of gang violence

Man, 20, charged in separate fatal shooting Burnaby over the weekend

B.C. Labour Minister Harry Bains in the B.C. legislature, May 13, 2019. (Hansard TV)
B.C. to provide three days of sick pay for COVID-19 absences

Province will support employers on cost, labour minister says

(Pixabay)
B.C. doctors could face consequences for spreading COVID misinformation: college

College says doctors have a higher level of responsibility to not spread incorrect information

Kelowna resident Sally Wallick helped rescue a kayaker in distress a week and a half ago. (Sally Wallick/Contributed)
VIDEO: Kelowna woman rescues capsized kayaker in Okanagan Lake

Sally Wallick is asking people to be prepared for the cold water and unpredictable winds

Dr. Bonnie Henry talks about phase two in B.C.’s COVID-19 immunization plan. THE CANADIAN PRESS/Chad Hipolito
All of B.C. will eventually ease out of COVID-19 restrictions at same time: Henry

People who have received two doses of a vaccine can’t yet return to post-pandemic activities with each other, she says

Winnipeg Jets’ Andrew Copp (9) and Edmonton Oilers goaltender Mike Smith (41) watch an incoming shot during second period NHL action in Winnipeg, Monday, April 26, 2021. THE CANADIAN PRESS/Fred Greenslade
‘Very jealous’: Canadian teams can’t take advantage of NHL’s relaxed COVID-19 rules

League eased some tight COVID-19 health and safety protocols over the weekend for fully vaccinated clubs

A map of Huu-ay-aht-owned forestry cutblock. (SUBMITTED PHOTO)
B.C. First Nations restrict access to territory in wake of forestry standoffs

Huu-ay-aht set up checkpoints after heated and dangerous incidents on southwest Vancouver Island

RCMP are searching for Philip Toner, who is a ‘person of interest’ in the investigation of a suspicious death in Kootenay National Park last week. Photo courtesy BC RCMP.
RCMP identify ‘person of interest’ in Kootenay National Park suspicious death

Police are looking for Philip Toner, who was known to a woman found dead near Radium last week

Vancouver Canucks goaltender Thatcher Demko (35) makes a save on Winnipeg Jets’ Nate Thompson (11) during second period NHL action in Winnipeg, Monday, May 10, 2021. THE CANADIAN PRESS/Fred Greenslade
Vancouver Canucks see NHL playoff hopes dashed despite 3-1 win over Winnipeg

Montreal Canadiens earn final North Division post-season spot

Most Read