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Vancouver, British Columbia – Artemis Gold Inc. – March 30, 2022 (TSX-V: ARTG) (“Artemis” or the “Company”) is pleased to announce that it has filed its financial results for the year ending December 31, 2021. The Company’s consolidated financial statements, management discussion and analysis, as well as Annual Information Form for the year ended December 31, 2021 are available for review on SEDAR (www.sedar.com) and on the Company’s website (www.artemisgoldinc.com).
As presented in the Company’s consolidated financial statements, the Company reported a cash and cash equivalents balance of $131 million as at December 31, 2021.
The Company also provides the following update on activities regarding the development of the Blackwater Gold Project (“Blackwater” or the “Project”) in Central British Columbia:
Steven Dean, Chairman and CEO commented, “Artemis remains focused on a disciplined approach to development of the Blackwater project. The early works program allows us to establish training and protocols, complete clearing and grubbing and bulk earthworks for the proposed process plant footprint. With the process plant EPC contract on track to be awarded to the successful bidder in late April, we will continue to advance detailed engineering in advance of a starting of major development activities in Fall 2022. Blackwater remains on track to achieve a first gold pour in H1 2024”.
Further updates will be provided in due course.
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.
On behalf of the Board of Directors,
ARTEMIS GOLD INC.
On behalf of the Board of Directors
Chairman and Chief Executive Officer
For further information: Nicholas Campbell, VP Capital Markets, +1 (604) 558-1107.
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