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Yeah brother!! Nice buys coming in!! 
Thanks brother
Nice!!! $HALB + 70% today and going MUCH higher
$ESPI & $HALB Start Heading to .50+ Monday AM $$$$$$$$$
Nice. Bot SUTI $0.0112 
BFGC Plans New Work At Arizona Mine:
BullFrog Gold Corp. ~ http://www.bullfroggold.com
Posted on July 10, 2012
http://dividendkings.com/?s=Bullfrog+Gold&x=0&y=0
BFGC has moved one step closer to making its plans to reactivate Arizona’s Newsboy gold mine a reality. A press release indicates that Bullfrog’s management has been able to lay its hands on 800 pounds of technical documents detailing past work at the Newsboy.
The documents contain a wide variety of technical data about Newsboy gathered by Moneta Porcupine Mines (ME). These documents could enable Bullfrog to reduce costs, because it will be able to use existing information, rather than run expensive studies. That could get the Newsboy mine up and running faster, and at a lower cost.
This could boost Bullfrog’s stock value because some historical estimates indicate there could be as many as 235,000 ounces of gold at the Newsboy. Unfortunately, there is no verification for these claims because the mine was last utilized in 1942. It shut down when the federal government stopped gold mining in the U.S. during World War II. Bullfrog currently owns 5,240 acres around the historic mine.
The documents it acquired contain drill logs and assay certificates from 162 holes drilled at the Newsboy between 1987 and 1995. Other data acquired includes geophysical survey results, a geology plan, and environmental information. This data could make it easier for Bullfrog to get the permits it needs to resume work at Newsboy.
To ascertain if renewed mining is feasible at the mine, the company will conduct drilling and a feasibility study this year. If the results of these efforts are positive, then Bullfrog’s stock value will certainly go up. Part of the reason why Bullfrog’s stock values will go up is because the Newsboy is located in a proven gold mining area.
The Newsboy is just ten miles from the Vulture Mine, a historic mine that produced an estimated $200 million worth of gold in its 79 years of operation from 1863 to 1942. The Vulture was the most productive gold mine in the history of Arizona, and it also had a history of producing large amounts of high grade gold.
Bullfrog’s stock values will go up substantially if it can reopen this historic gold mine. The area it is in is a proven gold district that has been inactive for over 70 years. The company is also taking a huge risk here that could sink its stock value. The Newsboy apparently got its mine from a 19th century prospector who had a plan to bring New York newsboys to Arizona to mine gold for him.
There was also an attempt to reopen the Newsboy in the early 1990s that failed. Recent drilling by Bullfrog confirmed that there is at least 50-foot vein on the property that contains .084 ounces of gold and 1.2 ounces of silver a ton. This drilling data seems to confirm the statistics in the records purchased from Moneta Porcupine, so it looks like Bullfrog could be on the right track. Bullfrog resumed drilling at the Newsboy on May 19 and had plans to drill additional holes there in June.
The Newsboy’s location represents both an opportunity and a potential liability for Bullfrog. The mine is only 45 miles from a major urban center, Phoenix, which could greatly reduce production and development costs. Unfortunately, that could lead to opposition from local residents that commute to jobs in the city. The New Times alternate newspaper in Phoenix reported that local residents opposed the last open pit attempt in 1992. Bullfrog could face opposition and legal challenges if it tries to reopen that mine.
If the new drilling doesn’t turn up gold, Bullfrog’s stock values would fall. The company will have spent a lot of time and money on documents that produced nothing. If it succeeds, the company will have demonstrated its ability to utilize existing resources to cut costs and maximize returns. If it faces a lot of opposition, Bullfrog could face serious legal challenges that could increase costs and delay operations.
Bullfrog in Nevada:
The Newsboy is one of two gold projects in the Southwest that Bullfrog is developing. The company is named for the Bullfrog Gold project near Beatty, Nevada. That project is located just one mile from Barrick Gold’s (ABX) Bullfrog Open Pit mine that has produced 2.3 million ounces of gold. The property is adjacent to another Barrick project, the Montgomery Shoshone open pit mine that produced 220,000 ounces of gold.
The Bullfrog is a historic gold mine located near the ghost town of Rhyolite, Nevada, north of Las Vegas. The Bullfrog produced .081 tons of gold during production in the early 1900s. Major new gold deposits were discovered there in the 1980s by St. Joe American. St. Joe was later acquired by Bond International Gold, which was acquired by Lac Minerals a few years later. Lac’s claims were later purchased by Barrick Gold. Bullfrog acquired the claims there in 2011.
Bullfrog Gold’s business plan is an interesting one; it plans to reopen historic mines in proven areas. It should be able to keep transportation and development costs low because the infrastructure it needs, including highways and power lines, is already present in the areas it is doing work. The Bullfrog is right off U.S. Highway 95, a major route between northern and Southern Nevada. The Newsboy is located within ten miles of Highway 93, which runs directly into Phoenix.
This strategy of taking advantage of existing claims and resources is an interesting one that other mining companies are pursuing. Pershing Gold (PGLC) is attempting a similar play at Relief Canyon, near Lovelock Nev.
Midway Gold (MDW) is developing four potential projects in Nevada, including the Thunder Mountain project in Tonopah, which is northeast of the Bullfrog. Other projects that Midway has developed in Nevada include Spring Valley near Lovelock and the Pan project in White Pine County.
Bullfrog is a very risky gold play, because like Pershing and Midway, it has no gold under current production. That means it has no cash flow, so on some level, it is a speculative play. It will be two years or longer before Bullfrog starts producing cash, so value investors might be leery of it.
Still, for somebody looking for an interesting speculative gold play, Bullfrog looks good. It is mining in historic areas with proven golden reserves. More importantly, those areas are in the politically stable United States and located close to existing transportation and utility infrastructure. At Newsboy, Bullfrog also has the added advantage of technical data compiled as part of an earlier effort to reactivate the mine. That proves the company can take advantage of historical resources to reduce costs.
If you like speculative gold plays, Bullfrog looks like an interesting bet. It has done a lot of work to reduce costs, and it is taking advantage of existing resources. Unfortunately, it has not demonstrated whether it is capable of gold production or not.
If you like the idea of taking a risk on a gold stock, take a look at Bullfrog. It’s a little stock that could prove to be an interesting value play if its strategy works out. The low cost of this stock could make the risk worthwhile for those who are willing to wait and see.
Hello! Thanks for dropping in
Very true June Bug, but HUGE things coming
Thanks! Was +60% early before the pullback. More to come
Yes sirrr!
Nice trade bro; look for a 50%+ gain Today or Tomorrow
June, thanks for posting. 1st announcement @ 9:40am Today
Tomorrow: 1st HUGE PLAY released @ 9:40am
Let's all make $$$$$$$$$$
Great ideas fellas
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