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Artemis Gold Inc
Symbol ARTG
Shares Issued 124,204,936
Close 2021-02-23 C$ 5.39
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Artemis applies for Schedule 2 amendment for Blackwater

2021-02-24 10:16 ET - News Release

Mr. Steven Dean reports

ARTEMIS MAKES SUBMISSION FOR SCHEDULE 2 AMENDMENT PROCESS AS PART OF THE FINAL PERMITTING PROCESS FOR BLACKWATER

Artemis Gold Inc. has submitted documents to Environment and Climate Change Canada to commence the federal Schedule 2 amendment regulatory process under the Metal and Diamond Mining Effluent Regulations (MDMER) in respect of its Blackwater gold project in central British Columbia.

About the Schedule 2 amendment process

As part of the final permitting phase for Blackwater, a listing on Schedule 2 of the MDMER by way of regulatory amendment is required.

An environmental assessment for the project was approved by the federal and B.C. governments in 2019. As part of the normal course of work forming part of the environmental assessment process, an objective and rigorous assessment of alternatives for mine waste disposal was completed to mitigate environmental risks. In addition, a fish habitat compensation plan was designed. These two key elements have now been submitted to commence the formal regulatory amendment process.

Given the extensive consultation and study undertaken as part of the environmental assessment approval, Artemis believes that Blackwater is eligible for a streamlined Schedule 2 amendment process. The shorter streamlined process does not diminish environmental protection but provides a more efficient regulatory system that aims to shorten the approval time to five to six months. The standard regulatory amendment process typically takes eight to 12 months.

Steven Dean, chairman and chief executive officer, commented: "The filing of the documents required to commence the federal Schedule 2 regulatory process is the culmination of years of extensive work and consultation on alternatives for mine waste and a detailed compensation plan with respect to fish habitat around the Blackwater gold project. With the Schedule 2 regulatory process under way, Artemis remains on track to have the required permits in place to begin major construction activities at the Blackwater project in Q2 2022."

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