Toronto-listed Augusta Gold has announced it will advance its Reward project, in the Walker Lane district of southern Nevada, to a feasibility study, bringing the company closer to its plan to get the mine in production in late 2024.
The company says the prices for goods and services have stabilised sufficiently to allow for the feasibility study to continue.
Kappes, Cassiday and Associates, based in Reno, is the primary contractor for the study, which is scheduled for completion in the fourth quarter of this year.
In addition to the feasibility study, drill plans are in place to test additional mineral resource growth potential extending adjacent to and below the current pit shell. Environmental studies continue on the project to support planned development schedules.
At the 100%-owned Bullfrog property, located west of Reward, Augusta continues to advance environmental studies to support advanced permitting activities and support a mine plan of operations, which is expected mid-2024.
“Moving forward the permitting, metallurgy and environmental studies at the Bullfrog project will help in the timely progression of making Augusta Gold a substantial Nevada gold producer,” said president and CEO Don Taylor.