AUGUSTA GOLD ANNOUNCES REWARD MINERAL RESOURCE ESTIMATE
Original announcement by tmx on
- Company
- Augusta Gold Corp.
- Ticker
- G
- Exchange
- TSX
- Region
- Nevada
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Resource update
- Extracted
- 2026-09-12 07:52:45 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Augusta Gold has announced mineral resource estimates for the Reward and Bullfrog projects in Nevada. The combined resources include over 1.6 million ounces of gold in the measured and indicated categories.
Reasoning: The announcement presents substantial mineral resource estimates for two distinct gold projects in Nevada, providing significant scale and de-risking through permitting and QP oversight.
Positive factors
- Significant gold resource scale across two projects
- Reward project is fully permitted and low-risk
- Bullfrog project is large-scale with studies nearing completion
- Strategic proximity of projects allows for synergies
- QP sign-off provided for both estimates
Negative factors
- Bullfrog resource has a high Inferred component
Facts used in scoring: 11
Extracted facts
Stored fact records: 11. Some facts used in scoring do not have a stored record.
Resource Estimates (11)
indicatedReward · goldTonnes: 10760000Grade: 0.69Grade Unit: g/tContained Metal: 240Contained Unit: kozView all detailsHide details
Identity
- Project
- Reward
- Commodity
- gold
- Ticker
- G
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mike Dufresne
- Resource group id
- resource:c5d8d9f443ac645ab163
- Deposit or zone
- Good Hope
- Material type
- oxide
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 10760000
- Grade
- 0.69
- Grade Unit
- g/t
- Contained Metal
- 240
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2022-05-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2022-06-07T00:00:00.000Z
Reasoning: Indicated resource for Good Hope component of Reward.
Positive factors
- Part of a larger resource update
Evidence · table
“0.69”
Context: 10.76
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredReward · goldTonnes: 6190000Grade: 0.86Grade Unit: g/tContained Metal: 169.9Contained Unit: kozView all detailsHide details
Identity
- Project
- Reward
- Commodity
- gold
- Ticker
- G
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mike Dufresne
- Resource group id
- resource:407b9ef921ad36406108
- Deposit or zone
- Good Hope
- Material type
- oxide
- Resource basis
- gross
Resource Data
- Category
- measured
- Tonnes
- 6190000
- Grade
- 0.86
- Grade Unit
- g/t
- Contained Metal
- 169.9
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2022-05-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2022-06-07T00:00:00.000Z
Reasoning: Measured resource for Good Hope component of Reward.
Positive factors
- High confidence category
Evidence · table
“0.86”
Context: 6.19
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredReward · goldTonnes: 290000Grade: 0.56Grade Unit: g/tContained Metal: 5.3Contained Unit: kozView all detailsHide details
Identity
- Project
- Reward
- Commodity
- gold
- Ticker
- G
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mike Dufresne
- Resource group id
- resource:b37593b5abd1ca291a9e
- Deposit or zone
- Good Hope
- Material type
- oxide
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 290000
- Grade
- 0.56
- Grade Unit
- g/t
- Contained Metal
- 5.3
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2022-05-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2022-06-07T00:00:00.000Z
Reasoning: Inferred resource for Good Hope component of Reward.
Negative factors
- Inferred category
Evidence · table
“0.56”
Context: 0.29
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedReward · goldTonnes: 1030000Grade: 0.73Grade Unit: g/tContained Metal: 21.8Contained Unit: kozView all detailsHide details
Identity
- Project
- Reward
- Commodity
- gold
- Ticker
- G
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mike Dufresne
- Resource group id
- resource:4056fbaee5ddddab4c74
- Deposit or zone
- Gold Ace
- Material type
- oxide
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 1030000
- Grade
- 0.73
- Grade Unit
- g/t
- Contained Metal
- 21.8
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2022-05-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2022-06-07T00:00:00.000Z
Reasoning: Indicated resource for Gold Ace component of Reward.
Evidence · table
“0.73”
Context: 1.03
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredReward · goldTonnes: 1230000Grade: 0.68Grade Unit: g/tContained Metal: 27.1Contained Unit: kozView all detailsHide details
Identity
- Project
- Reward
- Commodity
- gold
- Ticker
- G
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mike Dufresne
- Resource group id
- resource:7653bdd60b589412ec2c
- Deposit or zone
- Reward (Combined)
- Material type
- oxide
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 1230000
- Grade
- 0.68
- Grade Unit
- g/t
- Contained Metal
- 27.1
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2022-05-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2022-06-07T00:00:00.000Z
Reasoning: Inferred resource for the combined Reward project.
Negative factors
- Inferred category
Evidence · table
“0.68”
Context: 1.23
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredBullfrog · goldTonnes: 30130000Grade: 0.544Grade Unit: g/tContained Metal: 526.68Contained Unit: kozView all detailsHide details
Identity
- Project
- Bullfrog
- Commodity
- gold
- Ticker
- G
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Russ Downer, Adam House
- Resource group id
- resource:41ad0974795a6d50d764
- Deposit or zone
- Bullfrog
- Material type
- oxide
- Resource basis
- gross
Resource Data
- Category
- measured
- Tonnes
- 30130000
- Grade
- 0.544
- Grade Unit
- g/t
- Contained Metal
- 526.68
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2021-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2022-06-07T00:00:00.000Z
Reasoning: Measured resource for Bullfrog project.
Positive factors
- Large scale resource
Evidence · table
“0.544”
Context: 30.13
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedBullfrog · goldTonnes: 40880000Grade: 0.519Grade Unit: g/tContained Metal: 682.61Contained Unit: kozView all detailsHide details
Identity
- Project
- Bullfrog
- Commodity
- gold
- Ticker
- G
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Russ Downer, Adam House
- Resource group id
- resource:733e859f94c249cbe5bd
- Deposit or zone
- Bullfrog
- Material type
- oxide
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 40880000
- Grade
- 0.519
- Grade Unit
- g/t
- Contained Metal
- 682.61
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2021-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2022-06-07T00:00:00.000Z
Reasoning: Indicated resource for Bullfrog project.
Evidence · table
“0.519”
Context: 40.88
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredBullfrog · goldTonnes: 16690000Grade: 0.481Grade Unit: g/tContained Metal: 257.9Contained Unit: kozView all detailsHide details
Identity
- Project
- Bullfrog
- Commodity
- gold
- Ticker
- G
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Russ Downer, Adam House
- Resource group id
- resource:3047fc8d9bb0e1e017f0
- Deposit or zone
- Bullfrog
- Material type
- oxide
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 16690000
- Grade
- 0.481
- Grade Unit
- g/t
- Contained Metal
- 257.9
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2021-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2022-06-07T00:00:00.000Z
Reasoning: Inferred resource for Bullfrog project.
Negative factors
- Inferred category
Evidence · table
“0.481”
Context: 16.69
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredBullfrog · silverTonnes: 30130000Grade: 1.35Grade Unit: g/tContained Metal: 1309.13Contained Unit: kozView all detailsHide details
Identity
- Project
- Bullfrog
- Commodity
- silver
- Ticker
- G
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Russ Downer, Adam House
- Resource group id
- resource:41ad0974795a6d50d764
- Deposit or zone
- Bullfrog
- Material type
- oxide
- Resource basis
- gross
Resource Data
- Category
- measured
- Tonnes
- 30130000
- Grade
- 1.35
- Grade Unit
- g/t
- Contained Metal
- 1309.13
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2021-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2022-06-07T00:00:00.000Z
Reasoning: Silver component of Bullfrog measured resource.
Evidence · table
“1.35”
Context: 30.13
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedBullfrog · silverTonnes: 40880000Grade: 1.18Grade Unit: g/tContained Metal: 1557.49Contained Unit: kozView all detailsHide details
Identity
- Project
- Bullfrog
- Commodity
- silver
- Ticker
- G
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Russ Downer, Adam House
- Resource group id
- resource:733e859f94c249cbe5bd
- Deposit or zone
- Bullfrog
- Material type
- oxide
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 40880000
- Grade
- 1.18
- Grade Unit
- g/t
- Contained Metal
- 1557.49
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2021-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2022-06-07T00:00:00.000Z
Reasoning: Silver component of Bullfrog indicated resource.
Evidence · table
“1.18”
Context: 40.88
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredBullfrog · silverTonnes: 16690000Grade: 0.96Grade Unit: g/tContained Metal: 515.72Contained Unit: kozView all detailsHide details
Identity
- Project
- Bullfrog
- Commodity
- silver
- Ticker
- G
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Russ Downer, Adam House
- Resource group id
- resource:3047fc8d9bb0e1e017f0
- Deposit or zone
- Bullfrog
- Material type
- oxide
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 16690000
- Grade
- 0.96
- Grade Unit
- g/t
- Contained Metal
- 515.72
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2021-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2022-06-07T00:00:00.000Z
Reasoning: Silver component of Bullfrog inferred resource.
Negative factors
- Inferred category
Evidence · table
“0.96”
Context: 16.69
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.