Augusta Gold Corp. Stock Price, News & Analysis

Augusta Gold Corp. has announced the closure of the acquisition of the Reward Project, enhancing its portfolio in the prolific Bullfrog mining district near Las Vegas, Nevada. The acquisition aims to strengthen Augusta's commitment to developing its gold projects and pursuing strategic M&A opportunities. Additionally, the company received TSX approval for its annual shareholder meeting after June 30, 2022, with further details to be announced. This strategic move highlights Augusta's focus on delivering value and expanding its market presence.

On June 7, 2022, Augusta Gold Corp. (AUGG) announced promising mineral resource estimates for its Reward Project in Nevada. The estimate revealed measured and indicated resources of 426,700 oz gold at a grade of 0.75 g/t, alongside inferred resources of 27,100 oz gold at 0.68 g/t. The project is fully permitted and features low-risk heap leach mining. Additionally, an estimated 1,209,290 oz of gold at 0.53 g/t was reported for the Bullfrog Project. An imminent closing of the acquisition is expected, enhancing Augusta's foothold in the lucrative Walker Lane district.

Augusta Gold Corp. has appointed Jim Wickens as Vice President of Operations, effective immediately. Wickens, with over 35 years in the mining sector, previously worked with major gold producers such as Placer Dome and Barrick Gold. His appointment aims to bolster Augusta's leadership as they progress on the Reward and Bullfrog gold projects in Nevada. President & CEO Don Taylor expressed confidence that Wickens' expertise will be pivotal in advancing these projects on schedule and within budget.

Augusta Gold Corp. has announced the acquisition of the Reward Project, located seven miles from its Bullfrog Project in Nevada, for a total consideration of US$45 million. This includes US$12.5 million in cash, US$15 million in shares, and US$17.5 million in a deferred payment. The Reward Project boasts historical estimates of 416,800 ounces of oxide gold resources and is fully permitted for construction. The company anticipates significant synergies between the Reward and Bullfrog projects, enhancing its potential for near-term production.

Augusta Gold Corp. has announced its Updated Mineral Resource Estimate for the Bullfrog Gold Project in Nevada, reporting 1,209,290 ounces of gold in Measured and Indicated Mineral Resources and 257,900 ounces in Inferred Mineral Resources. The updated estimate indicates a 94% oxide presence and highlights ongoing environmental and engineering studies aimed at de-risking the project and advancing permitting processes. The company's CEO, Don Taylor, emphasized the project's expansion potential and the importance of comprehensive studies for future operations.

Augusta Gold Corp. announced the successful approval of all matters presented at its annual shareholder meeting on July 29, 2021. Key outcomes included the election of six directors, the re-appointment of Davidson & Company LLP as auditors, and the approval of the company’s Stock Option Plan. Voting results highlighted strong support for the nominees, with votes for each exceeding 99%. Augusta Gold is focused on developing the Bullfrog Gold Project in Nevada, controlling approximately 7,800 acres of mineral rights and pursuing additional exploration opportunities.

Augusta Gold Corp. announced the maiden Mineral Resource estimate for its Bullfrog Gold Project in Nevada, indicating significant potential for brownfield heap leach development. The estimate includes 880,000 ounces of Measured and Indicated Resources (95% oxide) and 130,000 ounces of Inferred Resources (92% oxide). The resource underlines a strong base for future expansion, with ongoing drilling targeting high-grade vein materials. The company expects to submit its plan of operations for permitting by early 2022, leveraging existing infrastructure and patented land.

Augusta Gold Corp. has provided an update on its 2021 exploration program at the Bullfrog Gold project in Nevada. The exploration, utilizing four drill rigs, has shown promising results at the Montgomery-Shoshone target, including a significant down-dip extension of the Polaris Vein. Key results include hole BFG21-MS13, returning 32.5 meters at 0.76 g/t Au, and hole BFG21-MS11 with 60.7 meters at 0.35 g/t Au. CEO Don Taylor highlighted the expansion potential and plans for a comprehensive resource update in early Q3, while exploration continues to advance the project's development.

Augusta Gold Corp. announces the appointment of Donald Taylor as President and Chief Executive Officer, effective immediately. Mr. Taylor, with 30 years of experience in mineral exploration, takes over from Maryse Belanger, who resigned for personal reasons. Taylor is recognized for his achievements, including the discovery of a lead-zinc-silver deposit in Arizona. Augusta Gold is focused on developing the Bullfrog Gold Project in Nevada, controlling approximately 7,800 acres and identifying numerous exploration targets to enhance the project.