Although Augusta Gold (TSX: G) already has 1.92 million oz of gold resources in the Beatty District that is about to be developed by AngloGold Ashanti (AU), and that alone means G should already be trading 4-5X higher based on recent Nevada transactions and current gold prices (hence all the insider buying), G has potential to multiply its gold resource base organically by making new discoveries on the properties they already own today similar to what G's Executive Chairman Richard Warke and CEO Donald Taylor did with Arizona Mining to potentially turn G into a multi-billion-dollar market cap company.
On G's Bullfrog Property is the Gap Target, which is closest to AngloGold Ashanti (AU)'s recently acquired US$450 million North Bullfrog Deposit. It contains the same faults and TR8 host rock as North Bullfrog.
Only three holes have ever been drilled at the Gap Target and they all found small lower grade intercepts of gold, but in a host rock that isn't supposed to contain gold.
In 2021, they mistakenly overshot the TR8 host rock that is known to contain wide high-grade intercepts of gold based on the directly adjacent US$450 million North Bullfrog Deposit. The fact that they managed to intercept any gold at all in the TR6 host rock, which normally doesn't contain any gold, is a very encouraging sign of what awaits to be discovered at the Gap Target's untested TR8 host rock.
When the timing is right, G plans to drill the Gap Target's untested TR8 host rock to make a massive new gold discovery! This is what could send G to $10+ per share!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA's President has purchased 224,200 shares of G in the open market and intends to buy more shares. This message is meant for informational and educational purposes only and does not provide investment advice.
Preparing Americans for Hyperinflation
