Bullfrog Gold Corp. (CSE: BFG) (OTCQB: BFGC) (FSE: 11B), on Tuesday announced assay results from the six remaining holes of the 25 recently drilled at its Bullfrog Project (“Project”). The Project comprises 2,125 hectares (5,250 acres) of strategic lands, established resources, and prospective exploration potential in the Bullfrog Mining District, which is located 200 km northwest of Las Vegas, Nevada. Among key points of the update, assay results include 61 Meters of 0.78 g gold/t and 35 Meters of 0.44 g gold/t. “The drill assay results achieved our objectives to further define resources and ultimate limits of proposed expansions to the Bullfrog and [Montgomery-Shoshone (‘MS’)] pits,” Dave Beling, BFGC CEO, stated in the news release. “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 mining and conventional milling beginning in 1989 and ending in 1999 when ore reserves were depleted. Measured and indicated (“M&I”) 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 plans of the MS and Bullfrog pits, the latter of which included minor MH resources. Most of these resources are in the north extension to the Bullfrog pit. Inferred resources were estimated at 110,000 ounces of gold averaging 1.2 g/t, of which most were in the Mystery Hill area. It is noted that the 3-year trailing average gold price is now $170 higher than the $1,200 average price used in 2017. The resource estimates 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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