Artemis Gold reported initial assay results from its resource expansion program at the Blackwater deposit. One drill hole intercepted 259 meters at 1.22 g/t gold. This intercept included a higher-grade section of 85 meters at 2.29 g/t gold.
These results sit below the current reserve and represent the deepest drilling at the site to date. The findings confirm the scale of the Blackwater deposit, which remains open to the north, northwest, and at depth.
The 2026 expansion program operates with a $10 million budget for approximately 25,000 meters of drilling. A third drill rig recently arrived at the site to accelerate the program. CEO Dale Andres expects to include these zones in the next Mineral Reserve update scheduled for later this year.