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. has entered into a mineral lease and option agreement with Bull Mountain Resources LLC for a 100% interest in the Stockade Property in southeastern Oregon. The property spans over 6,790 acres with 261 mining claims. Historical exploration by BHP and others yielded significant gold intercepts, including 79.2 m averaging 0.937 g/t gold. The company plans to initiate a systematic exploration program targeting high-grade deposits deeper in the hydrothermal zone. The lease agreement allows exploration and mining for 50 years, subject to payments and commitments.
Austin Gold Corp. (NYSE American: AUST) has successfully closed its initial public offering of 3,265,000 common shares at $4.00 each, with net proceeds of approximately $13.85 million. The offering included an additional 489,750 shares acquired by underwriters to cover overallotments. Roth Capital Partners acted as sole book-running manager, with Pacific Century Securities as co-manager. The funds raised are intended to support drilling and exploration efforts for the Kelly Creek Project in Humboldt County, Nevada, and other potential projects.
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