Welcome to our dedicated page for Austin Gold news (Ticker: AUST), a resource for investors and traders seeking the latest updates and insights on Austin Gold stock.
Austin Gold Corp. (NYSE American: AUST) is a dedicated gold exploration and development company, concentrating on uncovering district-scale gold deposits in the southwestern United States, particularly Nevada and Oregon. As a single-segment entity in mineral project development, the company actively pursues multiple projects to expand its gold discoveries.
The company's primary projects are located in Nevada: the Kelly Creek Project in Humboldt County, the Lone Mountain Project, and the Miller Project in Elko County. These locations cover approximately 76.2 km² of both unpatented and patented mining claims. In Oregon, the Stockade Mountain Project spans around 21.5 km² and is situated in a geological environment analogous to the nearby Grassy Mountain Deposit, which is progressing towards underground mining permits.
Austin Gold Corp. has recently made notable progress, including drilling commencements at the Stockade Mountain Project. The company has also undergone significant corporate developments, such as appointing seasoned geologist Bob Hatch as an officer. Hatch brings over 45 years of expertise in exploration, management, and permitting, enhancing Austin Gold's capacity for strategic project management.
Financially, Austin Gold is well-positioned, being fully funded for its planned exploration programs. Recent drilling at Stockade Mountain yielded promising results, with gold assay values confirming a robust mineralizing system. The company’s ongoing exploration efforts aim to uncover high-grade gold/silver vein deposits, utilizing both diamond drilling and planned reverse circulation drilling techniques.
In pursuit of broader exposure and market awareness, Austin Gold has engaged Savvy Social Management Corp. to spearhead a comprehensive digital media marketing campaign. This strategic move is expected to elevate the company's visibility in the investor community.
For more information, investors and stakeholders can reach out to Darcy A. Higgs, Vice President of Business Development, or visit Austin Gold Corp’s website at www.austin.gold.
Austin Gold Corp. (NYSE American: AUST) has provided an update on its exploration activities:
1. Lone Mountain Project (Nevada): Completed a large soil and stream sediment sampling program with 2,027 soil and 122 stream sediment samples. Results will be analyzed and reported once all samples are received.
2. Stockade Mountain Project (Oregon): Planning a reverse circulation (RC) drilling program for fall, following encouraging results from the 2023-4 winter drilling program. The company is moving forward with a "Plan of Operations" to allow greater flexibility in drill site placement.
3. Kelly Creek Project (Nevada): Monitoring nearby competitor activity and determining best options for further exploration.
Austin Gold is fully funded for all planned exploration programs.
Austin Gold Corp. (NYSE American: AUST) announces the passing of Company director Ben Leboe. Leboe was a certified accountant, business valuator, and management consultant with extensive experience as a director and business executive. He began his career at KPMG and later served as Chief Financial Officer for various organizations, including Uranerz Energy. Leboe held numerous directorships in recent years.
The company expressed deep sadness at the loss of their friend, mentor, and business partner, praising Leboe's calm wisdom, unassuming style, generous mentorship, quick wit, and wise perspective. Austin Gold acknowledged Leboe's devotion to his family and noted that he was surrounded by loved ones in his final days.
Austin Gold Corp. (NYSE American: AUST) has announced the appointment of Sandra R. MacKay to its Board of Directors. MacKay brings over 30 years of corporate commercial legal experience, including expertise in securities, employment, and intellectual property law. She is currently the Global Vice President, Legal for Copperleaf Technologies Inc. and has previously held senior legal positions at various companies.
In addition, Austin Gold has entered into a Marketing Agreement with i2i Marketing Group, The Florida-based company will create an advertising campaign and utilize physical marketing strategies to increase investor awareness. The contract is month-to-month, with fees up to $750,000, depending on the programs employed. Austin Gold has also terminated its previous marketing agreement with Savvy Social Management Corp.
Austin Gold Corp. (NYSE American: AUST) has announced updates on exploration activities at its Lone Mountain Project in Nevada, Stockade Mountain Project in Oregon, and Kelly Creek Project in Nevada.
At Lone Mountain, a significant soil and stream sediment sampling program will commence in early summer, targeting promising hydrothermal alteration and mineralization.
Stockade Mountain will see a new reverse circulation drilling program following encouraging winter drilling results, with up to 9.32 g/t gold grades. The company is also advancing a 'Plan of Operations' for greater drilling flexibility.
In Kelly Creek, Austin has extended the timeline for earning a 51% interest by two years, requiring a cumulative spend of C$2.5 million by June 30, 2027.
All exploration programs are fully funded.
Austin Gold Corp. (NYSE American: AUST) held its 2024 Annual General Meeting on May 8, 2024, in Vancouver, British Columbia. A total of 7,006,582 shares were represented, accounting for 52.79% of the issued and outstanding shares. The meeting included the election of seven directors and approval of two proposals.
All nominated directors were elected with a high approval rate above 99.75%. The directors elected are Joseph J. Ovsenek, Dennis L. Higgs, Kenneth C. McNaughton, Barbara A. Filas, Benjamin Leboe, Tom Yip, and Guillermo Lozano-Chavez. Additionally, shareholders voted to fix the number of directors at seven and appointed Manning Elliott LLP as auditors, with approval rates of 98.99% and 99.01%, respectively.
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