Business
Artemis Gold Secures Long Lead Time Equipment Orders For Crushing And Grinding Equipment At Blackwater
All amounts are stated in Canadian Dollars unless otherwise noted VANCOUVER, BC, June 9, 2022 /CNW/ - Artemis Gold Inc. (TSXV: ARTG) ("Artemis" or the "Company"
About this update from Artemis Gold Inc
[{"type":"text","content":" All amounts are stated in Canadian Dollars unless otherwise noted VANCOUVER, BC, June 9, 2022 /CNW/ - Artemis Gold Inc. (TSXV: ARTG) (\"Artemis\" or the \"Company\") is pleased to announce that Sedgman Canada Limited (\"Sedgman\") has executed an agreement (the \"Agreement\") with Metso Outotec Canada Inc. (\"Metso Outotec\"), a subsidiary of Metso Outotec Corporation, to secure supply and delivery of crushing and grinding equipment for the Company's Blackwater Gold Project (\"Blackwater\" or the \"Project\") in Central British Columbia. The Agreement was executed as part of the interim services agreement with Sedgman announced in May 2022. This agreement secures the pricing and supply of the 4265Mk-III primary gyratory crusher, the HP 900 secondary and tertiary cone crushers and the 14MW Ball Mill for the Phase 1 process plant at Blackwater. The cost of the crushing and grinding equipment is in line with the $312 million EPC price awarded to Sedgman in May 2022. Jeremy Langford, COO commented, \"Securing the pricing and delivery schedule for the long-lead time crushing and grinding equipment with Metso Outotec is another key derisking catalyst for the Blackwater Project. The delivery of this equipment is consistent with the development schedule targeting commissioning and first gold pour at Blackwater in H1 2024.The execution of this agreement also provides detailed equipment specifications, allowing Artemis and Sedgman to further advance detailed engineering of the process plant in advance of the start of major works.\" 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 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 (together, \"forward-looking statements\"). Forward-looking statements can...