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Augusta Gold Corp. (TSX: G) (OTCQB: AUGG) (FSE: 11B) is a dynamic exploration and development company headquartered in Vancouver, BC. The company is focused on creating long-term value for stakeholders through the strategic development of its key assets: the Reward and Bullfrog gold projects. Both projects are situated in the prolific Bullfrog mining district, about 120 miles north-west of Las Vegas, Nevada, near Beatty, Nevada.
The company's core business revolves around the exploration and development of gold resources. Augusta Gold has been actively advancing its projects, which include measured and indicated mineral resources estimated at 1,635,990 ounces of gold, with inferred resources totaling 285,000 ounces. These estimates are based on rigorous scientific and technical evaluations by independent qualified persons under recognized standards such as National Instrument 43-101.
Augusta Gold's management team and board of directors bring a wealth of experience and a proven track record of success in financing and developing mining assets. This seasoned team is committed to leveraging the fully permitted Reward Project and the brownfield Bullfrog Project as foundational assets to build a new mid-tier gold company. The company also continually seeks accretive mergers and acquisitions (M&A) opportunities to enhance its portfolio and deliver robust shareholder value.
Recent achievements include a three-month extension of the maturity date of its loan with Augusta Investments Inc., the company's largest shareholder. This extension underscores strong financial backing and strategic support from major stakeholders.
Augusta Gold's focus on stakeholder value is reflected in its transparent communication and regular updates to shareholders. The next significant event is the Annual General Meeting scheduled for September 7, 2023. Details of the meeting have been mailed to shareholders of record, reinforcing the company's commitment to shareholder engagement and transparency.
For more detailed information about Augusta Gold Corp. and its projects, please visit their official website at www.augustagold.com.
Augusta Gold Corp. (TSX: G, OTCQB: AUGG) has addressed recent stock trading activity indicating a decrease in market price and increased trading volume. The Company confirmed that it is unaware of any undisclosed information that could account for these changes. Additionally, Augusta Gold disclosed that it does not engage in any paid research relationships or marketing arrangements affecting its stock performance. The Company is focused on developing the Reward and Bullfrog gold projects located in Nevada, aiming to enhance stakeholder value through strategic development and potential mergers and acquisitions.
Augusta Gold has successfully closed its bought deal offering, raising approximately
On September 29, 2022, Augusta Gold Corp. announced successful outcomes from its annual shareholder meeting, with all proposed matters approved. This includes the election of six nominees to the board of directors, re-appointment of Davidson & Company LLP as auditors, and approval for repricing certain stock options. Election results showed overwhelming support for nominees, with votes for ranging from 99.67% to 99.98%. Augusta Gold is focused on developing its gold projects in Nevada and aims to enhance stakeholder value.
Augusta Gold Corp. (AUGG) has completed a payment of US$22,121,398 to Waterton Nevada Splitter LLC for the Reward project. This marks a crucial step toward commencing production at the fully permitted Reward project by late 2023. Additionally, the company secured a loan of US$22,232,561 from a company owned by its Executive Chairman, with a 12-month term. The Reward project holds 426,700 oz of measured and indicated gold resources.
This significant milestone aims to bolster Augusta Gold's position in the industry as it advances its projects.
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.
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