| Announcement Date: | 2022-06-07 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | NI43-101 |
| Company name: | Augusta Gold Corp. |
| Project name: | Reward |
| Location: | United States |
| Commodities: | Gold |
| Highlight: | Updated Resource Estimate for Project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, British Columbia, June 7, 2022 – Augusta Gold Corp. (TSX:G; OTCQB:AUGG; FSE:11B) (“Augusta Gold” or the “Company”) is pleased to announce the results of its mineral resource estimate at the Reward Project located in Nevada, USA. Closing of the Company’s acquisition of the Reward Project is expected imminently. Reward and Bullfrog are strategically located just seven miles apart in the prolific Walker Lane district Nevada, an area very active by junior and senior gold companies involved in exploration, development, and asset consolidation. A technical report supporting the Reward mineral resource estimate will be filed within 45 days of the date hereof. The Bullfrog mineral resource estimate is derived from the technical report titled “NI 43-101 Technical Report Mineral Resource Estimate, Bullfrog Gold Project, Nye County, Nevada” with an effective date of December 31, 2021. Reward Resource Estimation Methodology and Parameters Statistical analysis, three-dimensional (3D) modelling and resource estimation were completed by Mr. Warren Black, M.Sc., P.Geo. with assistance from Mr. Steven Nicholls, MAIG, of APEX (under the direct supervision of Mr. Michael Dufresne, M.Sc., P.Geol., P.Geo.). The workflow implemented for the Reward |
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