Bullfrog Gold Corp. (CSE: BFG) (OTCQB: BFGC) (FSE: 11B) Announces Final Assay Results for Nevada Project, Achieving Expansion-Related Goals
The assay results from the final six holes of the 25 total holes recently drilled at its Bullfrog Project provided enough positive information to support the to the optimization of pit plans and their ultimate depths.
- Bullfrog Gold Corp. has commanding land and mineral positions in the prolific Bullfrog Gold District, one of the most prolific gold exploration regions in North America
- The company is positioned to reestablish the Bullfrog Gold District as a potential new, major gold production center in Nevada
Bullfrog Gold (CSE: BFG) (OTCQB: BFGC) (FSE: 11B), a Delaware corporation engaged in the acquisition, exploration, and development of gold and silver properties in the U.S., recently shared the assay results from the final six holes of the 25 total holes recently drilled at its Bullfrog Project. The news, combined with positive analyst recommendations issued recently, provides a positive outlook for Bullfrog.
According to the company, the remaining hole of the 17 holes drilled in the Mystery Hill (MH) area intercepted 35 meters of 0.44 g gold/t starting at the surface. One of the last three of six holes drilled in the Montgomery-Shoshone (“MS”) area intercepted 61 meters at 0.78 g gold/t and 7.25 g silver/t from 99 meters to 160 meters. The initial two holes drilled in the far south of the Paradise Ridge area did not discover any significant mineralization but these holes tested less than 4 percent of the entire prospective target area (http://nnw.fm/mFT2q).
“The drill assay results achieved our objectives to further define resources and ultimate limits of proposed expansions to the Bullfrog and MS pits. 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,” Bullfrog Gold CEO Dave Beling said. “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.”
Currently, the project has a measured and indicated resources of 525,000 ounces of gold and 1.23 million ounces of silver at average grades of 1.02 and 2.61 grams per tonne, respectively. There is also an inferred resource of 110,000ounces of gold and 243,000 ounces of silver at similar grades.
Bullfrog Gold has commanding land and mineral positions in the prolific Bullfrog Gold District, one of the most prolific gold exploration regions in North America. The company’s current focus is on projects approximately 100 miles northwest of Las Vegas, Nevada.
Bullfrog’s gold mine is located less than 4 miles from Beatty, Nevada, which is an excellent mining venue with adequate amenities and services. The mine produced more than 2.3 million ounces of gold and 2.49 million ounces of silver between 1989 and 1999.The drill has positively impacted the company’s share price and the company has received positive analyst recommendations (http://nnw.fm/72bNP).
Bullfrog raised C$2 million in January 2020 to fund the recent drill program project, perform environmental studies, and conduct bulk sampling and metallurgical testing
The company has also obtained a very large database from Barrick Bullfrog Inc., including detailed information on 250,000 meters (155 miles) of drilling in the area. The data base of 1,262 holes strongly supports the company’s resource estimates for expansions of two pits and the identification of exploration targets. These facts, combined with the company’s drilling and metallurgical testing work, are set to reestablish the Bullfrog Gold District as a potential new, major gold production center in Nevada.
For more information, visit the company’s website at www.BullFrogGold.com.
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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