BFGC - Bullfrog Gold Corp. (CSE: BFG) (OTCQB: BFGC) (FSE: 11B) Completes New Drill Program Amid Buildup of Historically Productive Nevada Gold Project
- Gold exploration in and around the historically productive Bullfrog mining area in southwestern Nevada is reawakening the potential for it to become a “new, major gold production center”
- Substantial exploration and development activities with reported successes have been achieved by neighboring AngloGold, Coeur Mining, Kinross Gold and Corvus Gold in the Bullfrog Gold District located 125 miles northwest of Las Vegas, Nevada
- Bullfrog Gold Corp. recently completed a 25-holedrill program at its Bullfrog Project and expects to publish assay results after they become available in mid-June
- Barrick Bullfrog Inc, subsidiary of Barrick Gold Corp. produced 2.3 million ounces of gold from the Bullfrog Mining District but ceased operations in 1999 when gold prices were under $300 per ounce. Approximately 1,000,000 ounces were produced from the lands now controlled by Bullfrog Gold.
- BFGC’s 43-101 compliant resources within a base case pit plan were independently estimated at 525,000 ounces at an average grade of 1.02 g/t using a gold cutoff grade of 0.36 g/t and a price of $1,200 per ounce. More than one analyst predicts the possibility of $1,900 per ounce by year’s end and the application of a lower cutoff grade within the base case pit will increase these resources
- Bullfrog Gold recently completed a private placement of primary shares in January 2020 that brought in C$2 million to facilitate the purchase of the lands leased from Barrick and the further exploration and development of the Project
Gold and silver exploration company Bullfrog Gold (CSE: BFG) (OTCQB: BFGC) (FSE: 11B) recently completed a 25-hole strategic drilling program in the historically productive area surrounding Beatty, Nev.
The drilling focused on resource expansions, further defining pit limits, and testing a new exploration target. Assay results will be published as they become available in the coming weeks, according to a news release issued by the...
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