BFGC - Bullfrog Gold Corp. (CSE: BFG) (OTCQB: BFGC) (FSE: 11B) is One to Watch
- The Bullfrog Gold Project is located in Nevada, the world’s most attractive mining jurisdiction, according to the Fraser Institute (http://nnw.fm/M33ak).
- M&I gold resources were independently estimated at 624,000 ounces, with a further 110,000 ounces of inferred resources
- Barrick Gold produced approximately one million ounces of gold from the lands now controlled by Bullfrog Gold, terminating operations in 1999 when gold prices fell below $290/oz.
- On May 29, 2020, the company was valued at $39 in terms of market cap /oz of M&I gold resources, a steep discount relative to the $130+/oz on for which Northern Empire was sold in 2018 (now NYSE: CDE) and Corvus (TSX: KOR) is currently valued using similar resource estimation criteria.
- The company recently completed a private placement of primary shares in January 2020, raising C$2.0 million. The proceeds will be used to complete work commitments necessary to purchase the Barrick lands and further its exploration and development activities.
- The company is well-positioned to capitalize on the growth in demand for gold, as well as the recent positive price action within the precious metals space.
- Bullfrog Gold Corp. was featured as a key recommendation in Nick Hodge’s Early Advantage newsletter on May 28, 2020, an influential investment newsletter highlighting high-potential small-cap companies.
Bullfrog Gold (CSE: BFG) (OTCQB: BFGC) (FSE: 11B) is a Delaware corporation engaged in the acquisition, exploration and development of gold and silver properties in the United States. The company controls strategic lands with established 43-101 compliant resources in one of the most exciting gold exploration areas in the United States. The Bullfrog Gold Project (“Project”) includes a lease/option on much of the lands where Barrick Bullfrog Inc., a subsidiary of Barrick Gold Corp., produced more than 2.3 million ounces of gold and 2.49 million ounces of silver from 1989 to 1999. The Project is located within the prolific Walker Trend about 125 miles northwest of Las Vegas, Nevada.
The area around Beatty, Nevada has now attracted AngloGold Ashanti, Kinross Gold, Corvus Gold, Coeur Mining as well as the company and Waterton. In this regard, Northern Empire Resources Corp’s property located a few miles east of the Project was acquired by Coeur Mining in October 2018 for C$117 million, implying a...
NOTE TO INVESTORS: The latest news and updates relating to BFGC are available in the company’s newsroom at http://nnw.fm/BFGC
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