Bullfrog Gold Corp. (CSE: BFG) (OTCQB: BFGC) (FSE: 11B),a Delaware corporation engaged in the acquisition, exploration, and development of U.S. gold and silver properties, earlier this month announced assay results from the final six holes of the 25 recently drilled at its Bullfrog Project. The news, coupled with recently issued analyst recommendations, provides Bullfrog with a positive outlook. A recent article discussing this quotes Bullfrog Gold CEO Dave Beling, who states “The drill assay results achieved our objectives to further define resources and ultimate limits of proposed expansions to the Bullfrog and MS pits. The program also fulfilled a final work commitment for the company to purchase a 100% interest in lands under lease from Barrick by mid-September 2020. The first two holes in the Paradise Ridge target did not intercept any significant mineralization, but this large undrilled area continues to be highly prospective and needs several more drill holes to fully explore and assess its potential that extends nearly 2,000 meters to the northwest.”
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About Bullfrog Gold Corp.
Bullfrog Gold is a Delaware corporation that controls the commanding land and mineral positions in the Bullfrog Mine area where Barrick produced 2.3 million ounces of gold by conventional milling beginning in 1989 and ending in 1999. Measured and indicated 43-101 compliant resources were estimated in mid-2017 by Tetra Tech Inc. at 525,000 ounces of gold, averaging 1.02 gold g/t in base case pit plans. Most of these resources are in the north extension to the Bullfrog pit. Inferred resources within these pit plans were estimated at 110,000 ounces of gold averaging 1.2 g/t. It is noted that the three-year trailing average gold prices are now more than $160 higher than the $1,200 price used in the mid-2017 Canadian NI 43-101 resource estimates, which were also based on a heap leach gold recovery of 72% compared to the average 85% leach test recoveries recently achieved on four bulk samples. Additional technical and corporate information may be sourced at www.BullfrogGold.com.
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