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Artemis Awards GMP (Guaranteed Maximum Price) on Blackwater Process Plant
Artemis Awards GMP (Guaranteed Maximum Price) on Blackwater Process Plant Canad...
About this update from Artemis Gold Inc
[{"type":"text","content":"\n \n \n \n Artemis Awards GMP (Guaranteed Maximum Price) on Blackwater Process Plant\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Trading Symbol:   TSX-V: ARTG\n \n \n \n \n All amounts are stated in Canadian Dollars unless otherwise noted\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n March 29, 2021\n \n /CNW/ - Artemis Gold Inc. (TSXV: ARTG) (\"\n \n Artemis\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that after a competitive bidding process, the Company has executed a binding memorandum of understanding (\"\n \n MOU\n \n \") with Ausenco Engineering Canada Inc. (\"\n \n Ausenco\n \n \") providing for a guaranteed maximum price (\"\n \n GMP\n \n \") for a fixed-price Engineering, Procurement and Construction (\"\n \n EPC\n \n \") contract to construct a 5.5 million tonne per annum processing facility and associated infrastructure (the \"\n \n Facilities\n \n \") for the Company's Blackwater Gold Project (\"\n \n Blackwater\n \n \" or the \"\n \n Project\n \n \") in\n \n Central British Columbia\n \n .\n \n \n \n \n \n \n \n \n \n The selection of Ausenco as the successful bidder was based on a proposal to engineer and construct the Facilities for a GMP of\n \n $236 million\n \n , subject to any technical or commercial changes requested by Artemis.  The MOU outlines the terms under which Ausenco will undertake further detailed engineering, which will form the basis of a final fixed EPC price, that will not exceed the GMP.  This Ausenco GMP is consistent with capital estimates in the Company's 2020 Pre-Feasibility Study technical report entitled \"Blackwater Gold Project British Columbia NI 43-101 Technical Report on Pre-Feasibility Study\" dated\n \n August 26, 2020\n \n (\"\n \n 2020 PFS\n \n \").\n \n \n Artemis' industry leading development strategy manages the capital and schedule risks associated with key capital cost components of the Blackwater development.\n \n \n Ultimately, Artemis is targeting ap...