Augusta Gold Corp (AUGG)

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BFGC is focused on the further exploration and development of its flagship Bullfrog Gold Project located 120 miles NW of Las Vegas, Nevada. The Company controls 2,200 acres where Barrick Bullfrog Inc. (Barrick) produced 2.3 million ounces of gold during 1989 into 1999. The Company has access to Barrick’s large data base, including 157 miles of drilling in 1,298 holes, heap leach test work and much additional data that support the Project. In this regard, it would cost much more than $40 million to re-create this very large data base.

Based on the Barrick information, the Company has internally estimated that 470,000 ounces of gold mineralization averaging 0.89 g/tonne remain around Barrick’s mines, and that this mineralization is amenable to open pit mining and low cost heap leach processing. In addition, the Project has excellent, existing infrastructure and the Company’s surrounding lands have strong exploration potential.

http://www.bullfroggoldcorp.com/news-and-media/press-releases/item/bullfrog-gold-corp-adds-new-director-and-releases-an-interview-with-its-ceo?category_id=1