Augusta Gold(TSX: G) (OTCQB: AUGG) (FSE: 11B), has released an update based on the 2021 exploration program now underway at its wholly owned Bullfrog Gold project located in Nevada; the update specifically focused on the drilling and results for the Montgomery-Shoshone target. The announcement noted down-dip extension of the Polaris Vein 50 meters below historic drilling with hole BFG21-MS13 returning 32.5 meters assaying 0.76 g/t Au, as well as extension of the Polaris Vein 175 meters south from the historic pit with hole BFG21-MS11 returning 60.7 meters assaying 0.35 g/t Au before the hole was lost due to poor conditions in the vein zone. In addition, the report noted down-dip extension of mineralization in the Montgomery-Shoshone Vein Zone (MS Vein Zone), with hole BFG21-MS10 returning 26.2 meters assaying 0.52 g/t Au. The report also noted key mineralized intervals from both the Polaris Vein and the MS Vein Zone. “The initial results from our 2021 exploration program have clearly demonstrated the expansion potential around the Montgomery-Shoshone historic pit area,” said Augusta Gold president and CEO Don Taylor in the press release. “We are encouraged by these results and see the potential to further add incremental ounces and reduce the strip ratio for the currently outlined resource. Exploration continues at the site with four drill rigs tasked to expand the resource and collect required geotechnical and metallurgical samples as we advance the Bullfrog project to development. Current plans are to release a comprehensive resource update in early Q3 and a Mine Plan of Operations in early 2022.”
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About Augusta Gold Corporation
Augusta Gold is a rapidly growing exploration and development company focused on building a long-term business that delivers stakeholder value through developing the Bullfrog Gold Project and pursing accretive M&A opportunities. The Bullfrog Gold Project is located in the prolific Bullfrog district approximately 120 miles northwest of Las Vegas, Nevada, and 4 miles west of Beatty, Nevada. The company controls approximately 7,800 acres of mineral rights including the Bullfrog and Montgomery-Shoshone deposits and has further identified significant additional mineralization around the existing pits and defined several exploration targets that could further enhance the project. The company is led by a management team and board of directors with a proven track record of success in financing and developing mining assets and delivering shareholder value. For more information, please visit www.AugustaGold.com.
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