Augusta Gold Corp. (TSX: G) today released the results of its maiden mineral resource estimate for its Bullfrog Gold project in Nevada, USA. The project’s maiden mineral resource estimate includes 254,542 metres of drilling, within a total of 1,287 holes.
Augusta has estimated the project to contain 880,000 gold ounces at the project on a measured and indicated basis, with mineral resources of 130,000 gold ounces in the inferred category. The mineral resource estimate includes mineralized material along strike and down dip of the Bonanza, Bullfrog, and Montgomery-Shoshone historical deposits.
The company’s results include:
- 24.14 Mt assaying at 0.54 g/t gold and 1.56 g/t silver for an aggregate 418,210 ounces of gold and 1,210,450 ounces of silver in the measured category.
- 28.15 Mt assaying at 0.51 g/t gold and 1.30 g/t silver for an aggregate 461,580 ounces of gold and 1,180,180 ounces of silver in the indicated category
- 9.02 Mt assaying at 0.45 g/t gold and 0.84 g/t silver for an aggregate 129,980 ounces of gold and 243,560 ounces of silver in the inferred category
Augusta continues to gather data for metallurgical, geotechnical, and hydrological rendering to hasten the permitting activities of this site. Drill testing is currently ongoing with three drills on site. The company currently intends to submit a plan of operations in early 2022 for the property.
Augusta Gold Corp. last traded on the TSX at $1.62.
Information for this briefing was found via Sedar and Augusta Gold. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.