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Artemis Gold Provides Interim Results of Grade Control Drilling of High-grade Near Surface Mineralization
27 m grading 12.5 g/t gold (starting at 24 m) 33 m grading 10.4 g/t gold (starting at 33 m) 21 m grading 12.4 g/t gold (starting at 18 m) 39 m grading 6.5 g/t g
About this update from Artemis Gold Inc
[{"type":"text","content":" 27 m grading 12.5 g/t gold (starting at 24 m) 33 m grading 10.4 g/t gold (starting at 33 m) 21 m grading 12.4 g/t gold (starting at 18 m) 39 m grading 6.5 g/t gold (starting at 21 m) 45 m grading 5.6 g/t gold (starting at 18 m) VANCOUVER, BC, May 4, 2021 /CNW/ - Artemis Gold Inc. (TSXV: ARTG) (\"Artemis\" or the \"Company\") is pleased to provide an update to its Grade Control drilling program (the \"Program\") that commenced in Q4 2020 targeting the planned high-grade starter pit at the Company's Blackwater Gold project in Central British Columbia, Canada (\"Blackwater\" or the \"Project\"). To date, results from the Program provide significantly increased confidence in the target area earmarked for the first year of operations at Blackwater compared with the corresponding area in the Company's mineral resource estimate as contained in the Company's 2020 PFS (defined below). The program confirmed wide, near surface intersects of elevated gold grades at the start of the mine life as outlined in the 2020 Pre Feasibility Study for Blackwater (\"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 Program was designed to bring the drill density from up to 50 x 50m core spacing down to 12.5 x 12.5m spacing, generating up to 16 times the data when compared to the New Gold reserve definition drill program. This Program has targeted a zone within the first 60 m (six mining benches) from surface containing in excess of five million tonnes of high-grade ore to improve short-term mine planning at the start of production. The other primary objectives of the Program were to: Optimize the grade selectivity and mine schedule for managing the ore tonnes and grade to be processed in the first year of operations; More accurately delineate ore and waste boundaries to mitigate dilution; Optimize drill and blast designs; Provide a larger sample size to reduce grade variability. Summary of Selected Grade Control Drilling to Date The Program consisted of 561 holes and 33,216 m of reverse circulation (\"RC\") drilling, which commenced in mid-November 2020 and concluded at the end of March 2021, one month ahead of schedule. The associated assaying work is ongoing, wi...