Latest news with #ArtemisGold
The Market Online
13 hours ago
- Business
- The Market Online
Blackwater Mine, Canada's newest gold and silver mine, officially open
Artemis Gold (TSXV:ARTG) marked a major milestone with the official opening of the Blackwater Mine, Canada's newest gold and silver mine The Blackwater Mine, 100-per-cent owned by Vancouver-based Artemis Gold, represents the largest resource development project in the Cariboo region in over a decade The mine is forecast to produce between 190,000 and 230,000 ounces of gold in fiscal 2025 Artemis Gold stock (TSXV:ARTG) last traded at C$21.87 Artemis Gold (TSXV:ARTG) marked a major milestone with the official opening of the Blackwater Mine, Canada's newest gold and silver mine. The ceremony, held at the mine site 110 km southwest of Vanderhoof, B.C., celebrated the culmination of a rapid and responsible development process that saw the mine built in just 22 months—an industry-leading timeline. The Blackwater Mine, 100-per-cent owned by Vancouver-based Artemis Gold, represents the largest resource development project in the Cariboo region in over a decade. The mine is forecast to produce between 190,000 and 230,000 ounces of gold in fiscal 2025, following its first gold pour in January and the achievement of commercial production earlier this month. To date, over 5.3 million hours have been worked at the site without a single lost time incident—a testament to the company's commitment to safety and operational excellence. Economic and regional impact The mine currently employs over 400 people, with 25 per cent identifying as Indigenous, 40 per cent from the surrounding region, and 80 per cent from within B.C. The project is expected to support regional employment for decades, with the potential for further expansion through exploration. A decision on accelerating Phase 2 of the mine's development—which could create an additional 800 construction jobs and 170 permanent operations roles—is expected later this year. Since 2022, Artemis Gold has spent approximately C$1 billion with Canadian contractors and service providers to build the mine, including over C$700 million in B.C. and more than C$300 million with local and Indigenous businesses. This investment comes at a critical time for the region, which has faced economic challenges due to forestry sector downturns. A 2020 economic impact study by KPMG estimated the mine would contribute C$13.2 billion to the provincial economy over its life, including C$2.3 billion in provincial revenues and C$1.5 billion in federal tax revenues—figures that are likely to be exceeded due to rising gold and silver prices. Environmental leadership Blackwater Mine is designed to be one of the lowest greenhouse gas-emitting open-pit mining operations in the world. Artemis Gold invested in a fully electrified processing facility, replacing traditional carbon-fuelled systems with electric alternatives. The mine is powered by renewable hydroelectricity via a new transmission line connected to BC Hydro's Glenannan substation. The company has also committed to further reducing its environmental footprint by exploring zero-emission ore and waste haulage options by 2030. Artemis Gold worked closely with federal and provincial governments and six First Nations—Lhoosk'uz Dené, Ulkatcho, Nadleh Whut'en, Saik'uz, Stellat'en, and Nazko—to develop precedent-setting environmental management plans. These include innovative strategies for caribou habitat offsetting, fish and wetlands conservation. 'Blackwater Mine is an example of what can be achieved through collaboration with First Nations and the protection of vital lands and waters,' Premier David Eby said on-site and transcribed into a news release. 'This mine is a part of what we're building in B.C. the economic engine of the new Canadian economy. It creates hundreds of family-supporting jobs and builds prosperity here and across the country.' With total measured and indicated resources of 11.7 million ounces of gold and 122.4 million ounces of silver, Blackwater Mine is in a solid position to become a cornerstone of Canada's mining sector. As Artemis Gold continues to explore and expand, the company remains committed to responsible development, Indigenous partnership, and environmental stewardship. Artemis Gold Inc. identifies, acquires and develops gold projects in mining-friendly jurisdictions. Artemis Gold stock (TSXV:ARTG) last traded at C$21.87 and is up 105.74 per cent since this time last year. Join the discussion: Find out what everybody's saying about this stock on the Artemis Gold Bullboard, and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
CBC
3 days ago
- Business
- CBC
New gold and silver mine officially opens in central B.C. as premier faces backlash for fast-track plans
A new 44-square kilometre gold and silver mine has officially opened in the province's central Interior. Blackwater mine, located 112 kilometres southwest of Vanderhoof, B.C., west of Prince George, will be operated by Vancouver-based Artemis Gold and is expected to generate more than $13.2 billion, including $2.3 billion in provincial revenue, over its lifetime, the company said. "British Columbia is going to be the economic engine of the new Canada," Premier David Eby said in remarks at the opening, citing the province's "amazing resources." Eby was joined at the opening by Minining Minister Jagrup Brar, as well Acting Chief of the Lhoosk'uz Dené Nation June Baptiste and Ulkatcho Councillor Corinne Cahoose. The mine was approved after the province signed an economic and community development agreement with the Lhoosk'uz Dené Nation and Ulkatcho First Nation — on whose territories Blackwater is located — to share mineral tax revenue from the mine. The province says the nations have been engaged in all aspects of the project, from exploration, to permitting and environmental assessment, while the mine's owners and both nations have a project participation agreement in place. Artemis says 400 people are already employed at the mine site, about a quarter of whom are Indigenous, with employment forecast to grow to 800 during construction of phase two, which will create an additional 170 permanent jobs. Premier addresses backlash At the opening, Eby acknowledged the criticism his government has faced in recent days from First Nations over legislation aimed at fast-tracking new economic development projects, including mines, which critics worry will override environmental safeguards and the need for Indigenous consultation. "If we want to move quickly we're not going to be able to do it without strong partnerships with Indigenous people and we're not going to do it at the expense of our environmental commitments," he said. "That will always be the case as long as I'm premier." The opening came on the same day that British Columbia Assembly of First Nations Regional Chief Terry Teegee withdrew from an upcoming trade mission to Asia over the province's passage of bills 14 and 15, aimed at fast-tracking resource projects. "How can we participate in trade missions to promote resource development when this government has just rammed through legislation that tramples our rights and threatens our territories" Teegee asked in a written statement.
Yahoo
22-05-2025
- Business
- Yahoo
Independence Gold Intersects Copper, Silver and Base Metals at Ootsa Target, 3Ts Project, BC
Vancouver, British Columbia--(Newsfile Corp. - May 22, 2025) - Independence Gold Corp. (TSXV: IGO) ("Independence" or "the Company") is pleased to report the results of its first-ever diamond drill program at the Ootsa copper-silver target within the Company's 100%-owned 3Ts Project, located in central British Columbia. A total of five holes were completed, reaching a maximum depth of 427 metres ("m"), and spanning approximately 800 m of strike length. The 3Ts Project is located approximately 185 kilometres ("km") southwest of Prince George, British Columbia and is comprised of thirty-one mineral claims covering approximately 35,486 ha in the Nechako Plateau region of central British Columbia. The project is situated 16 km southwest of Artemis Gold Inc.'s Blackwater Mine and covers a low-sulphidation epithermal quartz- carbonate vein district within which nineteen individual mineralized veins, ranging from 50 m to more than 1,100 m in strike length and with true widths up to 32 m have been identified. All five holes at Ootsa intersected hydrothermal breccias and altered Jurassic rhyolites, with widespread disseminated and vein-hosted copper and silver mineralization-a style unique to the Ootsa Ridge area. The mineralization appears structurally controlled, occurring within arcuate-shaped fault systems, and includes bornite and chalcopyrite, with associated lead and zinc in select intervals. Highlights from the program include: Hole 3TS-25-15: 5.49 metres averaging 55.74 g/t silver, 0.95% copper, 0.26% lead and 0.56% zinc Hole 3TS-25-14: 17.20 metres averaging 3.20 g/t silver, 0.20% lead and 0.22% zinc Figure 1: Bornite and chalcopyrite hosted in crackle-brecciated rhyolite at a depth of 326.2m (3TS-25-15) To view an enhanced version of this graphic, please visit: "These results represent a new style of mineralization for the 3Ts project," commented Randy Turner, President and CEO of Independence Gold. "The Ootsa target has returned strong copper and silver grades over meaningful widths, with associated pathfinder elements including lead, and zinc. We firmly believe Ootsa represents a significant critical minerals opportunity that remains open along strike for several kilometres. The mineralogy and structural setting suggest a robust hydrothermal system, and we are excited to continue advancing this target during the summer exploration program." Advanced mineralogical studies are currently underway with BaseMet Labs (Kamloops, BC) to characterize the host phases of copper, silver, lead and zinc mineralization, and to refine the exploration model for future drill targeting. Drilling to date has been limited to the Ootsa Ridge, a localized expression within a much larger structural corridor; the mineralized system remains open in all directions. Figure 2: Ootsa 2025 drill hole locations To view an enhanced version of this graphic, please visit: Hole Number From(m) To(m) Interval (m) Silver(g/t) Copper (%) Lead(%) Zinc(%) 3TS-25-14andandandincludingandincludingand including 30.43 31.20 0.77 3.90 0.14 - 0.17 38.20 39.67 1.47 1.36 - 0.28 0.31 135.00 136.00 1.00 5.00 - - - 242.00 259.20 17.20 3.20 - 0.20 0.22 248.09 248.70 0.61 13.11 - 1.06 1.89 261.00 266.50 5.50 7.45 - 0.31 0.75 262.55 263.00 0.45 20.00 - 0.92 2.20 263.30 263.60 0.30 76.67 - 3.11 7.77 3TS-25-15andandandandandandandincludingandand 95.00 96.00 1.00 6.00 - - - 140.56 142.55 1.99 7.54 0.19 - - 174.30 176.40 2.10 - - 0.13 0.12 224.00 225.00 1.00 11.00 0.21 - - 228.00 230.00 2.00 11.00 0.15 - - 232.00 233.95 1.95 9.74 0.22 - - 320.56 321.60 1.04 20.19 0.11 - - 322.26 327.75 5.49 55.74 0.95 0.26 0.56 322.26 323.18 1.86 144.09 2.13 0.63 1.49 337.70 338.25 0.55 14.55 1.14 - - 3TS-25-16and 19.00 27.00 8.00 6.00 - - 0.22 36.71 39.00 2.29 12.23 - - 0.10 3TS-25-17 368.00 369.00 1.00 16.00 0.23 - - 3TS-25-18andincluding 163.05 163.50 0.45 13.33 - - - 243.00 245.93 2.93 6.14 - 0.20 0.11 245.16 245.93 0.77 11.69 - 0.43 0.28 Table 1: Ootsa target drill hole results About Independence Independence Gold Corp. is a well-financed mineral exploration company with holdings ranging from early-stage grassroots exploration to advanced-stage resource expansion in British Columbia and Yukon. The Company is positioned to add shareholder value through systematic project advancement, while management continues to evaluate additional gold and silver projects for possible acquisition. For additional information, visit the Company's website Andy Randell, the Company's Qualified Person as defined by National Instrument 43-101 and who is independent of the Company, has reviewed the technical information in this news release. ON BEHALF OF THE BOARD OF INDEPENDENCE GOLD CORP. "Randy Turner" Randy Turner, President and CEO Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Drill Hole Location Data Drill Hole Target Zone Easting Northing Elevation Azimuth Dip Total Meterage 3TS-25-14 Ootsa 365804 5877551 1160 220 50 402 3TS-25-15 Ootsa 365804 5877551 1160 40 50 351 3TS-25-16 Ootsa 365880 5877427 1144 220 50 327 3TS-25-17 Ootsa 366170 5877125 1094 210 45 427 3TS-25-18 Ootsa 365555 5877310 1135 40 50 350 *All drill hole locations are in NAD83, Zone 10 Datum All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to Independence within the meaning of applicable securities laws, including statements with respect to the Company's planned drilling and exploration activities. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to those identified and reported in Independence's public filings under Independence Gold Corp.'s SEDAR profile at Although Independence has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Independence disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law. Suite 580 – 625 Howe Street, Vancouver, British Columbia V6C 2T6Telephone: 604-687-3959Facsimile: 604-687-1448E-Mail: info@ To view the source version of this press release, please visit
Yahoo
14-05-2025
- Business
- Yahoo
Independence Gold Resumes Drilling at 3Ts Project
Vancouver, British Columbia--(Newsfile Corp. - May 14, 2025) - Independence Gold Corp. (TSXV: IGO) ("Independence" or "the Company") is pleased to announce that drilling has resumed at its 3Ts Project. The 3Ts Project is located approximately 185 kilometres ("km") southwest of Prince George, British Columbia and is comprised of thirty-one mineral claims covering approximately 35,486 hectares ("ha") in the Nechako Plateau region of central British Columbia. The project is situated 16 km southwest of Artemis Gold Inc.'s Blackwater Mine and covers a low-sulphidation epithermal quartz-carbonate vein district within which nineteen individual mineralized veins, ranging from 50 m to more than 1,100 m in strike length and with true widths up to 32 m have been identified. This drill program commenced in November 2024, with 10,000 m originally planned. The drill program was expanded in the second quarter of 2025 to 13,000 m due to successful drill results and drill costs being lower than anticipated. Due to spring break up conditions, drilling was halted for approximately three weeks. During this period, all mineralized drill core was shipped to the lab for analysis with results pending. Under the expanded drill program, a total of 14 additional drill holes totaling 3,000 m are planned, focusing on the Johnny, Ian, and Larry vein systems. These veins have demonstrated significant mineralization potential and are being evaluated for inclusion in the Company's upcoming updated mineral resource estimate, currently being developed by SGS Geological Services. For further details please, see news release dated August 18th, 2022; "Technical Report on the Mineral Resource Estimate Update for the 3Ts Gold Project, Omineca Mining Division, British Columbia, Canada", authored by Armitage and Miller. "We are excited to have the drill turning again and to continue advancing the 3Ts Project," commented Randy Turner, President & CEO of Independence Gold. "This final phase of drilling will be critical to defining the potential of several new vein systems and strengthening the overall resource base at 3Ts." Drilling is anticipated to conclude by mid-June 2025, with assay results expected approximately four weeks following. Due to the additional drilling to allow for the inclusion of new veins in the resource model, the Company now anticipates the release of the updated NI 43-101 compliant mineral resource estimate in the third quarter of 2025. In addition to the updated resource estimate, new metallurgical testing is being conducted on the Johnny, Larry and Ian veins to quantify the recovery potential of gold and silver from the veins. Mineralogical studies, including thin sections and advanced QEMSCAN are also underway to enhance the deposit model and resource model. About Independence Independence Gold Corp. is a well-financed mineral exploration company with holdings ranging from early-stage grassroots exploration to advanced-stage resource expansion in British Columbia and Yukon. The Company is positioned to add shareholder value through systematic project advancement, while management continues to evaluate additional gold and silver projects for possible acquisition. For additional information, visit the Company's website Andy Randell, the Company's Qualified Person as defined by National Instrument 43-101 and who is an independent consultant of the Company, has reviewed the technical information in this news release. ON BEHALF OF THE BOARD OF INDEPENDENCE GOLD CORP. "Randy Turner" Randy Turner, President and CEO Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to Independence within the meaning of applicable securities laws, including statements with respect to the Company's planned drilling and exploration activities. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to those identified and reported in Independence's public filings under Independence Gold Corp.'s SEDAR+ profile at Although Independence has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Independence disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law. Suite 580 – 625 Howe Street, Vancouver, British Columbia V6C 2T6 Telephone: 604-687-3959 Facsimile: 604-687-1448 E-Mail: info@ To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-05-2025
- Business
- Yahoo
Artemis Gold Announces Filing of Q1 2025 Financial Results
TSXV: ARTG VANCOUVER, BC, May 6, 2025 /CNW/ - Artemis Gold Inc. (TSX-V: ARTG) ("Artemis Gold" or the "Company") has filed its financial results for the three months ended March 31, 2025. The Company's consolidated financial statements and management's discussion and analysis for the three months ended March 31, 2025 are available on the Company's profile on SEDAR+ ( and on the Company's website ( Artemis Gold Inc. Logo (CNW Group/Artemis Gold Inc.) About Artemis Gold Artemis Gold is a well-financed, growth-oriented gold development company with a strong financial capacity aimed at creating shareholder value through the identification, acquisition, and development of gold properties in mining-friendly jurisdictions. The Company's current focus is the Blackwater Mine in central British Columbia approximately 160km southwest of Prince George and 450km northeast of Vancouver. The first gold and silver pour at Blackwater was achieved in January 2025 and commercial production was declared on May 1, 2025. Artemis Gold trades on the TSX-V under the symbol ARTG. For more information visit Qualified Person Artemis Gold President and Chief Operating Officer Jeremy Langford, FAUSIMM, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release. On behalf of the Board of Directors Steven Dean Chairman and Chief Executive Officer +1 604 558 1107 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 news release. Cautionary Note Regarding Forward-looking Information This press release contains certain forward-looking statements and forward-looking information as defined under applicable Canadian and U.S. securities laws. Statements contained in this press release that are not historical facts are forward-looking statements that involve known and unknown risks and uncertainties. Any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. In certain cases, forward-looking statements and information can be identified using forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans", "potential" or similar terminology. Forward-looking statements and information are made as of the date of this press release and include, but are not limited to, statements regarding strategy, plans, future financial and operating performance of the Blackwater Mine; the contribution of the mine to the economy; opinions of the Province of British Columbia regarding the mine and the region; agreements and relationships with Indigenous partners; the future of mining in British Columbia; the plans of the Company with respect to the next phase of expansion, including construction, site preparation, consultation with indigenous groups, and other plans and expectations of the Company with respect to the mine, future production and anticipated timing of expansion works.
