# AUGUSTA GOLD ANNOUNCES REWARD MINERAL RESOURCE ESTIMATE

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/augusta-gold-announces-reward-mineral-resource-estimate--d3b25c65-b859-4e2f-a4d9-391807b6d5b2

Original source: https://money.tmx.com/en/quote/G/news/7446585417436813/augusta-gold-announces-reward-mineral-resource-estimate

Publisher: tmx

Original announcement: 2022-06-07T10:00:00.000Z

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: Silver

- Document categories: Resource update

- Extracted: 2026-08-21 12:07:05 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

Augusta Gold has announced mineral resource estimates for its Reward and Bullfrog projects in Nevada. The combined measured and indicated gold resource for both projects totals approximately 1.64 million ounces.

Reasoning: The announcement presents a significant mineral resource estimate for two projects \(Reward and Bullfrog\) in Nevada, including a maiden resource for Reward. The presence of a QP sign-off and detailed QA/QC/methodology increases confidence.

- Positive factor: Maiden resource for Reward project

- Positive factor: Significant combined gold ounces

- Positive factor: QP/CP sign-off provided

- Positive factor: QA/QC disclosure included

- Negative factor: High proportion of Inferred resource in Reward project

Facts used in scoring: 9

## Classification and evidence

**Maiden Resource**

Polarity: neutral

Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.

Why it applies: The Reward project resource is presented as a new estimate following acquisition.

Evidence · text

> Closing of the Company's acquisition of the Reward Project is expected imminently.

**QP/CP Signed**

Polarity: positive

Definition: 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: Mike Dufresne of APEX Geoscience Ltd. is named as the Qualified Person for the Reward project.

Evidence · text

> Mr. Dufresne is the QP and takes responsibility for the mineral resource estimate.

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: The Bullfrog resource is derived from a NI 43-101 Technical Report.

Evidence · text

> The Bullfrog mineral resource estimate is derived from the technical report titled "NI 43-101 Technical Report...

**QA/QC Disclosed**

Polarity: positive

Story-specific tag

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: The document details the audit of the drill hole database and validation of historical values.

Evidence · text

> The QP and APEX personnel conducted a thorough review of the data to ensure the database was in good shape

## Extracted facts

Stored fact records: 9. Some facts used in scoring do not have a stored record.

## Resource Estimates (9)

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/augusta-gold-announces-reward-mineral-resource-estimate--d3b25c65-b859-4e2f-a4d9-391807b6d5b2#fact-resource-facts-0)

gold

#### Identity

- Commodity: gold
- Ticker: G

#### Resource Data

- Category: indicated
- Tonnes: 11580000
- Grade: 0.69
- Grade Unit: g/t
- Contained Metal: 256.8
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2022-06-07T00:00:00.000Z

Reasoning: Indicated resource for the Reward project.

- Positive factor: Indicated category provides reasonable geological confidence

Evidence · table

> 0.69

Context: 11.58

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/augusta-gold-announces-reward-mineral-resource-estimate--d3b25c65-b859-4e2f-a4d9-391807b6d5b2#fact-resource-facts-1)

gold

#### Identity

- Commodity: gold
- Ticker: G

#### Resource Data

- Category: measured
- Tonnes: 6190000
- Grade: 0.86
- Grade Unit: g/t
- Contained Metal: 169.9
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2022-06-07T00:00:00.000Z

Reasoning: Measured resource for the Reward project.

- Positive factor: Measured category provides high geological confidence

Evidence · table

> 0.86

Context: 6.19

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/augusta-gold-announces-reward-mineral-resource-estimate--d3b25c65-b859-4e2f-a4d9-391807b6d5b2#fact-resource-facts-2)

gold

#### Identity

- Commodity: gold
- Ticker: G

#### Resource Data

- Category: inferred
- Tonnes: 1230000
- Grade: 0.68
- Grade Unit: g/t
- Contained Metal: 27.1
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2022-06-07T00:00:00.000Z

Reasoning: Inferred resource for the Reward project.

- Negative factor: Inferred category is speculative

Evidence · table

> 0.68

Context: 1.23

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/augusta-gold-announces-reward-mineral-resource-estimate--d3b25c65-b859-4e2f-a4d9-391807b6d5b2#fact-resource-facts-3)

gold

#### Identity

- Commodity: gold
- Ticker: G

#### Resource Data

- Category: indicated
- Tonnes: 40880000
- Grade: 0.519
- Grade Unit: g/t
- Contained Metal: 682.61
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2022-06-07T00:00:00.000Z

Reasoning: Indicated resource for the Bullfrog project.

Evidence · table

> 0.519

Context: 40.88

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/augusta-gold-announces-reward-mineral-resource-estimate--d3b25c65-b859-4e2f-a4d9-391807b6d5b2#fact-resource-facts-4)

gold

#### Identity

- Commodity: gold
- Ticker: G

#### Resource Data

- Category: measured
- Tonnes: 30130000
- Grade: 0.544
- Grade Unit: g/t
- Contained Metal: 526.68
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2022-06-07T00:00:00.000Z

Reasoning: Measured resource for the Bullfrog project.

Evidence · table

> 0.544

Context: 30.13

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/augusta-gold-announces-reward-mineral-resource-estimate--d3b25c65-b859-4e2f-a4d9-391807b6d5b2#fact-resource-facts-5)

gold

#### Identity

- Commodity: gold
- Ticker: G

#### Resource Data

- Category: inferred
- Tonnes: 16690000
- Grade: 0.481
- Grade Unit: g/t
- Contained Metal: 257.9
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2022-06-07T00:00:00.000Z

Reasoning: Inferred resource for the Bullfrog project.

- Negative factor: Inferred category is speculative

Evidence · table

> 0.481

Context: 16.69

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/augusta-gold-announces-reward-mineral-resource-estimate--d3b25c65-b859-4e2f-a4d9-391807b6d5b2#fact-resource-facts-6)

silver

#### Identity

- Commodity: silver
- Ticker: G

#### Resource Data

- Category: indicated
- Tonnes: 40880000
- Grade: 1.18
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2022-06-07T00:00:00.000Z

Reasoning: Silver byproduct grade for Bullfrog Indicated resource.

Evidence · table

> 1.18

Context: 40.88

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/augusta-gold-announces-reward-mineral-resource-estimate--d3b25c65-b859-4e2f-a4d9-391807b6d5b2#fact-resource-facts-7)

silver

#### Identity

- Commodity: silver
- Ticker: G

#### Resource Data

- Category: measured
- Tonnes: 30130000
- Grade: 1.35
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2022-06-07T00:00:00.000Z

Reasoning: Silver byproduct grade for Bullfrog Measured resource.

Evidence · table

> 1.35

Context: 30.13

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/augusta-gold-announces-reward-mineral-resource-estimate--d3b25c65-b859-4e2f-a4d9-391807b6d5b2#fact-resource-facts-8)

silver

#### Identity

- Commodity: silver
- Ticker: G

#### Resource Data

- Category: inferred
- Tonnes: 16690000
- Grade: 0.96
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2022-06-07T00:00:00.000Z

Reasoning: Silver byproduct grade for Bullfrog Inferred resource.

Evidence · table

> 0.96

Context: 16.69

## 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.