BFGC - NetworkNewsBreaks - Bullfrog Gold Corp. (CSE: BFG) (OTCQB: BFGC) (FSE: 11B) Drilling for Hidden Treasure as Gold Climbs
Bullfrog Gold Corp. (CSE: BFG) (OTCQB: BFGC) (FSE: 11B) is drilling for the glittery lining as the price of gold climbs to more than $1,800 an ounce. A recent article discussed Bullfrog Gold’s efforts to uncover more of the high-priced commodity, which reads, “The company recently completed a drill program at its Nevada Project in the Bullfrog Gold District with encouraging results. Most of the drilling was in the Mystery Hill area where thick intervals of gold mineralization were intercepted. As assay results continue to come in, Bullfrog is hoping that the property, which produced 2.3 million ounces from 1989 to 1999, has more to offer. The company’s management team, with well over a century of combined industry experience, may be just the one to unearth any hidden treasure. The company currently has a NI 43-101 measured and indicated resource of 525,000 ounces of gold averaging 1.02 g gold/t within pit plans based on a gold price of $1,200/ounce and a 72% heap leach recovery from a conventionally crushed size of minus 3/8-ich. Recent column leach tests on four bulk samples sized at minus 1/16-inch achieved an averaged gold recovery of 85%.”
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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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