Augusta Gold(OTCQB: BFGCD) (CSE:G) (FSE: 11B) has commenced its 110,000 metre exploration program at its highly prospective wholly owned Bullfrog Gold project. The announcement noted that the number of drill rigs actively drilling at the site is expected to increase from two to five by April. In addition, five key exploration targets will be drilled during the two-phase approach, with advancing development in parallel with the drill program including archaeological studies, geologic mapping, geotechnical drilling and a geophysics survey. The $20 million 2021 exploration program includes 110,000 metres of diamond drilling with reverse circulation planned. The company noted that as drill results are received, it will compile, interpret and release those results. “We are excited to have commenced our multi-targeted exploration program in the heart of the prolific Bullfrog district,” said Augusta Gold president and CEO Maryse Belanger in the press release. “With an exploration budget of up to $20 million, we are focused on mineral resource expansion, increasing the confidence level in our current mineral resource and targeting a brand-new discovery. The program contemplates two phases on five key exploration targets that have been identified to date, with more expected in the future as we advance our program. With a large land package of approximately 7,800 acres that has three historical operating pits and a current open mineral resource we see significant exploration potential.”
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About Augusta Gold Corp.
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 four 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. Augusta Gold 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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