Artemis Gold Drills High-Grade Gold Below Blackwater Reserve
Event summary
- First two drill holes at Blackwater intercepted 259m at 1.22g/t Au and 191m at 0.95g/t Au, including high-grade zones of 85m at 2.29g/t Au and 93m at 1.33g/t Au.
- Drilling extended below previous depths, confirming mineralization at depth and scale potential.
- Third drill rig mobilized to accelerate $10M, 25,000m resource expansion program.
- Metallurgical testwork initiated to evaluate zinc recovery potential.
The big picture
These high-grade intercepts below current reserves suggest significant upside potential for Blackwater's resource base. The deposit's open nature at depth and along strike positions Artemis favorably among junior gold producers with expansion potential. Successful conversion of these intercepts into reserves would materially enhance the mine's long-term production profile.
What we're watching
- Resource Expansion
- Whether follow-up drilling will confirm the scale and grade continuity at depth to justify reserve upgrades.
- Metallurgical Potential
- How successful zinc recovery testwork could unlock additional revenue streams from existing processing facilities.
- Execution Pace
- The speed at which Artemis can translate these results into reserve updates and production growth.