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Artemis Gold Presents Key Data on Near Surface High Grade Mineralization at Blackwater
COMMENCEMENT OF GRADE CONTROL DRILLING PROGRAM All amounts are in Canadian Dollars unless otherwise noted VANCOUVER, BC, Nov. 11, 2020 /CNW/ - ARTEMIS GOLD INC.
About this update from Artemis Gold Inc
[{"type":"text","content":" COMMENCEMENT OF GRADE CONTROL DRILLING PROGRAM All amounts are in Canadian Dollars unless otherwise noted VANCOUVER, BC, Nov. 11, 2020 /CNW/ - ARTEMIS GOLD INC. (TSXV: ARTG) (\"Artemis\" or the \"Company\") is pleased to present key data on the near surface high grade starter pit mineralization and the commencement of its grade control drilling program at the company's Blackwater Gold project in Central British Columbia, Canada (\"Blackwater\" or the \"Project\"). The Company has budgeted for a 35,000 metre reverse circulation drill program (the \"Program\") targeting mineralization planned to be mined during the first year of production within Phase 1 of the Blackwater development plan as set out in the Company's 2020 Pre-Feasibility Study on the Project (\"Blackwater Gold Project British Columbia NI 43-101 Technical Report on Pre-Feasibility Study\" with an effective date of August 26, 2020, available on the Company's website and on SEDAR at www.sedar.com (\"2020 PFS\")). The primary objectives of the Program are to: Optimize grade selectivity and mine schedule for managing the tonnes and grade of mineralized material to be processed in the first year of operations; Increase data density by up to 16 times over current diamond drilling data; More accurately delineate ore and waste boundaries to mitigate ore dilution; Improve drill and blast designs; De-risk uncertainty regarding ore mined and milled during ramp-up from a project financing perspective; and Provide a larger sample size to reduce the grade variability of mineralization. Steven Dean, Chairman and CEO commented, \"The grade control drilling program at Blackwater is similar to the practice successfully applied at Atlantic Gold, providing substantially more data to optimize mine planning. This program is also designed to further demonstrate the strong continuity of high-grade mineralization at the start of the mine life, and will provide a higher confidence level in the Phase 1 mining schedule outlined in the Company's 2020 PFS, thereby maximizing competitive terms from project financing partners. As outlined in the attached bench plans, longitudinal and cross sections, the Project exhibits excellent continuity of high-grade mineralization near surface as well as in many other sections of the orebody. Through our staged approach, we will be able to take adv...