According to the prefeasibility, Blackwater will be a phased development with a 23-year reserve. The planned over pit proven and probable reserves are 334.0 million tonnes grading 0.75 g/t gold and 3.8 g/t silver. In reserves alone the project contains 8.0 million oz. of gold.
Resources (including reserves) at a 0.20 g/t gold cut-off are 596.8 million measured and indicated tonnes grading 0.62 g/t gold, containing 11.7 million oz. The inferred portion is 16.9 million tonnes at 0.45 g/t gold, containing 7.0 million oz.
The feasibility study and updated resource estimate is due by the end of June 2021. Meanwhile, Artemis continues with permitting activities, engagement with Indigenous communities, engineering and project financing.
(This article first appeared in the Canadian Mining Journal)
