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Bullfrog Gold Project – Technical Report

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Bullfrog Gold Project – Technical Report NI 43-101 Technical Report Mineral Resource Estimate Bullfrog Gold Project Nye County, Nevada EFFECTIVE DATE: June 21, 2021 ISSUE DATE: August 25, 2021 PREPARED FOR: Augusta Gold Corp. Vancouver, BC BY QUALIFIED PERSONS: Patrick Garretson, SME RM Director, Mining and Resources Forte Dynamics, Inc. 120 Commerce Drive. #3 Fort Collins, CO 80524 Adam House, MMSA QP Director of Processing Forte Dynamics, Inc. 120 Commerce Drive. #3 Fort Collins, CO 80524 Augusta Gold Corp. Augusta Gold Corp. Technical Report and Mineral Resource Estimate for the Bullfrog Gold Project Technical Report Effective Date: June 21, 2021 Dated this August 25, 2021. (Signed/Sealed) Patrick Garretson Patrick Garretson, QP SME RM Director, Mining and Resources, Forte Dynamics, Inc. (Signed/Sealed) Adam House Adam House, MMSA QP Director of Processing, Forte Dynamics, Inc. FORTE DYNAMICS, INC Page | 2 of 161 August 2021 120 Commerce Drive., Units 3 & 4, Fort Collins, CO 80524 Augusta Gold Corp. AUTHOR’S CERTIFICATE Patrick Garretson I, Patrick Garretson, Mining Engineer/Geologist, SME-RM of Tucson, Arizona, as an author of the technical report entitled “NI 43-101 Technical Report Mineral Resource Estimate Bullfrog Gold Project, Nye County, Nevada” (the “Technical Report”) with an effective date of June 21, 2021 prepared for Augusta Gold Corp. (the “Issuer”), do hereby certify: 1. I am currently employed as the Director, Mining and Resources, Forte Dynamics, Inc. at 120 Commerce Drive #3, Fort Collins, Colorado 80524, USA. 2. I graduated with a Bachelor of Science degree in Geology from Fort Lewis College in 1991. 3. I am a Registered Member (RM#04100837) of the Society for Mining, Metallurgy and Exploration, Inc. 4. I have been employed in the mining industry and consulting industry continuously for a total of 30 years. My experience includes geologic modeling, resource estimation, mine planning and project management at various mine sites and companies in North America. 5. I have read the definition of “Qualified Person” set out in National Instrument 43-101 – Standards for Disclosure for Mineral Projects (“NI 43-101”) and certify that by reason of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfill the requirements to be a “Qualified Person” for the purposes of NI 43-101. 6. I made a personal inspection of the Bullfrog Project site on June 9-11, 2021. 7. I am responsible for Sections 1-12 and 14-26 of the Technical Report. 8. I am independent of the Issuer as independence is described in Section 1.5 of NI 43-101. 9. Prior to being retained by the Issuer, I have not had prior involvement with the property that is the subject of the Technical Report nor with any of the previous Technical Reports. 10. I have read NI 43-101 and Form 43-101F1, and the portions of the Technical Report for which I am responsible have been prepared in compliance with NI 43-101. 11. As of the effective date of the Technical Report, to the best of my knowledge, information and belief, the portions of the Technical Report for which I am responsible contain all scientific and technical information that is required to be disclosed to make the portions of the Technical Report for which I am responsible not misleading. Dated: August 25, 2021 (Signed/Sealed) Patrick Garretson Patrick Garretson, SME RM FORTE DYNAMICS, INC Page | 3 of 161 August 2021 120 Commerce Drive., Units 3 & 4, Fort Collins, CO 80524 Augusta Gold Corp. AUTHOR’S CERTIFICATE Adam House I, Adam House, Director of Processing, PMP, QP of Helena, Montana, as an author of the technical report entitled “NI 43-101 Technical Report Mineral Resource Estimate Bullfrog Gold Project, Nye County, Nevada” (the “Technical Report”) with an effective date of June 21, 2021 prepared for Augusta Gold Corp. (the “Issuer”), do hereby certify: 1. I am currently employed as the Director of Processing, Forte Dynamics, Inc. at 120 Commerce Drive #3, Fort Collins, Colorado 80524, USA. 2. I graduated with a Bachelor of Science degree in Metallurgical Engineering in 2002 and a Master of Science Degree in Project Engineering and Management in 2011, both from Montana Tech of the University of Montana. 3. I am a Qualified Professional Member (#01498QP) of the Mining and Metallurgical Society of America (MMSA) 4. I have been employed as an engineer continuously for over 18 years. My experience includes mineral processing and extractive metallurgy, process operations, process and infrastructure design, project management, and safety and environmental management at gold production operations in Nevada, USA. I have worked continuously as a consultant to mining operations globally since 2015. 5. I have read the definition of “Qualified Person” set out in National Instrument 43-101 – Standards for Disclosure for Mineral Projects (“NI 43-101”) and certify that by reason of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfill the requirements to be a “Qualified Person” for the purposes of NI 43-101. 6. I am responsible for Section 13 of the Technical Report. 7. I am independent of the Issuer as independence is described in Section 1.5 of NI 43-101. 8. Prior to being retained by the Issuer, I have not had prior involvement with the property that is the subject of the Technical Report nor with any of the previous Technical Reports. 9. I have read NI 43-101 and Form 43-101F1, and the portions of the Technical Report for which I am responsible have been prepared in compliance with NI 43-101. 10. As of the effective date of the Technical Report, to the best of my knowledge, information and belief, the portions of the Technical Report for which I am responsible contain all scientific and technical information that is required to be disclosed to make the portions of the Technical Report for which I am responsible not misleading. Dated: August 25, 2021 (Signed/Sealed) Adam House Adam House, MMSA QP FORTE DYNAMICS, INC Page | 4 of 161 August 2021 120 Commerce Drive., Units 3 & 4, Fort Collins, CO 80524 Augusta Gold Corp. Table of Contents Author’s Certificate ..................................................................................................................................... 3 Author’s Certificate ..................................................................................................................................... 4 1. Executive Summary ........................................................................................................................... 11 1.1 Location, Property Description and Ownership .......................................................................... 11 1.2 Geology and Mineralization ........................................................................................................ 12 1.3 Exploration, Drilling, Sampling and QA/QC ................................................................................ 13 1.3.1 Exploration ........................................................................................................................ 13 1.3.2 Drilling ............................................................................................................................... 13 1.3.3 Sampling ........................................................................................................................... 14 1.3.4 QA/QC ............................................................................................................................... 15 1.4 Mineral Processing and Metallurgical Testing ............................................................................ 15 1.5 Mineral Resource Estimation ...................................................................................................... 17 1.6 Conclusions ................................................................................................................................ 20 1.6.1 Geology and Mineral Resources ....................................................................................... 20 1.6.2 Metallurgical Test Work and Mineral Processing .............................................................. 21 1.6.3 Infrastructure ..................................................................................................................... 21 1.7 Recommendations ...................................................................................................................... 22 2. Introduction ......................................................................................................................................... 23 2.1 Units of Measure ......................................................................................................................... 23 2.2 Abbreviations .............................................................................................................................. 23 3. Reliance on Other Experts ................................................................................................................. 25 4. Property Description and Location................................................................................................... 26 4.1 NPX Assignment of Lands .......................................................................................................... 49 4.2 Mojave Gold Option .................................................................................................................... 49 4.3 Barrick Bullfrog Inc. Lease and Option ......................................................................................
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