# AUGUSTA GOLD ADVANCES REWARD FEASIBILITY STUDY AND PROVIDES OPERATIONAL UPDATE Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/augusta-gold-advances-reward-feasibility-study-and-provides-operational-update--61507e39-c925-4909-a744-cc1b767d7899 Original source: https://money.tmx.com/en/quote/G/news/7555801633897251/augusta-gold-advances-reward-feasibility-study-and-provides-operational-update Publisher: tmx Original announcement: 2023-06-06T14:51:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Augusta Gold Corp. - Ticker: G - Exchange: TSX - Region: Nevada - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Metallurgy, Production, Other - Extracted: 2026-08-21 11:33:31 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Augusta Gold is advancing the Feasibility Study for its Reward Project in Nevada, targeting production in late 2024. Additionally, the company is conducting metallurgical column percolation tests at the Bullfrog Project, with preliminary gold recoveries reported between 74% and 82%. Reasoning: The company is advancing key studies \(Feasibility and Metallurgy\) for two projects, providing a clear path toward production in 2024. - Positive factor: Advancing Reward Project to Feasibility Study stage - Positive factor: Preliminary metallurgical results for Bullfrog show acceptable recoveries - Positive factor: Permitting and infrastructure \(water/power\) in place for Reward - Negative factor: Metallurgical testing at Bullfrog is still preliminary \(column percolation\) - Negative factor: Production timelines are forward-looking Facts used in scoring: 4 ## Classification and evidence **Heap Leach Route** Polarity: neutral Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected. Why it applies: Reward project is described as an open pit/heap leach project. Evidence · text > Reward open pit/heap leach project **Bench Scale Only** Polarity: negative Definition: Only preliminary bench tests completed — no locked-cycle or pilot work. Why it applies: Metallurgical testing at Bullfrog is described as column percolation tests, which are preliminary. Evidence · text > Column percolation tests remain active with preliminary results ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Metallurgical Results (4) ### column percolation [Link to this fact](https://atlas-staging.minestarters.com/news/augusta-gold-advances-reward-feasibility-study-and-provides-operational-update--61507e39-c925-4909-a744-cc1b767d7899#fact-metallurgical-facts-0) Bullfrog · gold #### Identity - Project: Bullfrog - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: G #### Test Work - Program Status: preliminary - Test Type: column percolation - Processing Route: heap leach - Sample: Bullfrog ore grading from 0.23 g/t to 0.80 g/t #### Recovery - Recovery: 74 % - Recovery Basis: actual\_test - Head Grade: 0.23 - Head Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2023-06-06T00:00:00.000Z Reasoning: Preliminary column leach results show 74% recovery on low-grade ore. - Positive factor: Recovery within expected range for heap leach - Negative factor: Low head grade - Negative factor: Preliminary test scale Evidence · text > preliminary results indicating metal recoveries for the ore tested grading from 0.23 g/t to 0.80 g/t will range from 74% to 82% ### column percolation [Link to this fact](https://atlas-staging.minestarters.com/news/augusta-gold-advances-reward-feasibility-study-and-provides-operational-update--61507e39-c925-4909-a744-cc1b767d7899#fact-metallurgical-facts-1) Bullfrog · gold #### Identity - Project: Bullfrog - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: G #### Test Work - Program Status: preliminary - Test Type: column percolation - Processing Route: heap leach - Sample: Bullfrog ore grading from 0.23 g/t to 0.80 g/t #### Recovery - Recovery: 82 % - Recovery Basis: actual\_test - Head Grade: 0.8 - Head Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2023-06-06T00:00:00.000Z Reasoning: Preliminary column leach results show 82% recovery on low-grade ore. - Positive factor: Recovery within expected range for heap leach - Negative factor: Low head grade - Negative factor: Preliminary test scale Evidence · text > preliminary results indicating metal recoveries for the ore tested grading from 0.23 g/t to 0.80 g/t will range from 74% to 82% ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/augusta-gold-advances-reward-feasibility-study-and-provides-operational-update--61507e39-c925-4909-a744-cc1b767d7899#fact-metallurgical-facts-2) Bullfrog · gold Historical result Needs review: historical\_restatement #### Identity - Project: Bullfrog - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: G #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes #### Dates - Event date: 2023-06-06T00:00:00.000Z Reasoning: Historical drill intercept mentioned in passing. Evidence · text > BFG21-IS39 1.02m of 1.74 g/t Au ### Fact 4 [Link to this fact](https://atlas-staging.minestarters.com/news/augusta-gold-advances-reward-feasibility-study-and-provides-operational-update--61507e39-c925-4909-a744-cc1b767d7899#fact-metallurgical-facts-3) Bullfrog · gold Historical result Needs review: historical\_restatement #### Identity - Project: Bullfrog - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: G #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes #### Dates - Event date: 2023-06-06T00:00:00.000Z Reasoning: Historical drill intercept mentioned in passing. Evidence · text > BFG21-IS30 1.56m of 0.83 g/t Au ## 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.