Artemis begins regional exploration drilling in B.C.

Executive Summary

• Artemis Gold Inc. has commenced an initial $5-million regional exploration drill program on its ~1,500 sq km land package in central British Columbia, surrounding the Blackwater mine.
• The program aims to drill 15,000 to 25,000 metres across up to 150 holes, focusing on high-priority targets identified through AI-aided reinterpretation of historical data.
• The initiative is part of a broader 5-10 year strategy to test the prospective region while the Blackwater mine operates above nameplate capacity.

Key Details

• Program Scope: Initial budget of $5 million.
• Drilling Volume: 15,000 to 25,000 metres of drilling.
• Hole Count: Up to 150 holes.
• Timeline: Initial program extends into early 2026.
• Location: Central British Columbia, on a ~1,500-square-kilometre land package.
• Target Criteria: Focus on high-priority targets defined by prior regional exploration; specifically targeting epithermal and porphyry deposits within economic trucking distance of existing Blackwater processing facilities.
• Target Identification: Over 30 drill targets identified and ranked using an integrated desktop review combining conventional geoscience and AI-aided methods (machine learning algorithms) on historical data (mapping, geophysics, geochemistry).
• Geological Context: Area is prospective for epithermal deposits similar to Blackwater, as well as porphyry and VMS systems.
• Historical Data: Comprehensive database includes over 40,000 rock, soil, and till geochemical samples from prior prospecting (2009–2014).
• Strategic Goal: Part of a longer-term regional exploration strategy (5-10 years) to unlock further value alongside Blackwater mine optimization and expansion plans.

Notable Quotes

• Dale Andres, CEO: "Now that the Blackwater mine has achieved commercial production and is operating above nameplate capacity, we are turning our attention to the highly prospective region around the mine. Over 30 drill targets within economic trucking distance of the existing processing facilities have already been identified. This initial drill program is expected to be part of a broader and longer-term regional exploration strategy over the next five to 10 years to fully test our large and highly prospective land package. Regional exploration drilling, together with our continued optimization efforts and future expansion plans at the operation, aims to reveal the true potential at Blackwater and unlock further value for our shareholders."