B.C. gold mine on track to start construction
Posted February 27, 2023 5:34 pm.
An open-pit gold mine, which could one day be one of the largest in Canada, is one step closer to becoming a reality in central B.C.
Vancouver-based Artemis Gold says its permit has been referred to the BC Ministry of Energy, Mines and Low Carbon Innovation for final approval, and the mine is on track to start major construction before the end of the fiscal quarter.
Artemis Gold Inc. is pleased to announce that the BC Mines Act permit for its Blackwater Project has been referred to the BC Ministry of Energy, Mines and Low Carbon Innovation Statutory Decision Maker for decision. Read more: https://t.co/5aMQO2cSBa#miningbc #bmoconference pic.twitter.com/AdeUJ5UZ1x
— Artemis Gold Inc. (@ArtemisGoldInc) February 27, 2023
Over its estimated 22-year lifespan, the Blackwater Project is expected to pull nearly 10 tonnes of gold from the Earth, on average, every year, along with silver and other minerals.
“With completion of this important step, the BC Mines Act Permit remains on track for decision in Q1 2023 as previously disclosed,” Steven Dean, the chairman and CEO of the company said in a release.
Dean adds that this is the last major permit needed before the start of construction.
The site is about 110 kilometres southwest of Vanderhoof, B.C.