Bullfrog Gold Corp. (CSE: BFG) (OTCQB: BFGC) (FSE: 11B) today announced initial gold and silver assay results from six of 25 holes drilled at its Bullfrog Project (“Project”). The Project comprises 5,250 acres of strategic lands, established resources and prospective exploration potential in the Bullfrog Mining District, one of the most active gold exploration regions in North America, located 4 miles west of Beatty, Nevada, and 125 miles northwest of Las Vegas, Nevada. The Company has commanding land and resource positions in the Bullfrog mine area and is leveraging a significant dataset acquired from Barrick Bullfrog Inc. Among the highlights, the Company reported that initial assays from two holes drilled in the bottom of the Montgomery-Shoshone (“MS”) pit were 0.55g/t gold and 1.95 g/t silver starting from 0 to 75 feet in BM-20-1 and 0.37 g/t gold and 1.15 g/t silver from 0 to 65 feet in BM-20-2. Results from three holes drilled in the Mystery Hill (“MH”) area included 110 feet averaging 0.274 g/t in BH-20-4 and 110 feet averaging 0.58 g/t in Bh-20-5. According to the update, these assays are very significant as the resources are highly oxidized and the Bullfrog area mineralization is amenable to achieving average gold recoveries of 85% based on extensive tests using high-pressure grinding rolls (“HPGR”) that produce a much finer leach feed with more microfractures than conventional crushing equipment.
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About Bullfrog Gold Corp.
Bullfrog Gold Corp. 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 at 525,000 ounces of gold, averaging 1.02 gold g/t in base case pit plans using a $1,200 gold price and 72% heap leach recovery. Inferred resources within these pit plans were estimated at 110,000 ounces of gold averaging 1.2 g/t.
It is notable that gold prices are currently $500 higher than the $1,200 estimate used in the 2017 estimates, and column leach tests on four bulk samples achieved an average 85.8% recovery using HPGR’s to produce a much finer, more fractured heap feed (minus 1/16-inch) compared to the 70.7% recovery from conventionally crushed product to -3/8-inch. Additional technical and corporate information may be sourced at www.BullfrogGold.com.
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