A new feasibility study completed on the Blackwater Gold Mine has revealed largely positive financial outcomes.
Located roughly 150 kms southwest of Prince George, the mine is being developed by Artemis Gold.
The study looked in to the feasibility of the project`s staged development strategy.
According to the study, gold production over the next 5 years is up 29 percent, compared to a study conducted last year.
In addition, some other key facts revealed by the study include: a 9 percent increase in Phase One Throughput to 6 million tonnes annually, a more than 100 million dollar cost reduction across phases 2 and 3, and a tax payback period of two years.
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