QualityStocksNewsBreaks – Bullfrog Gold Corp. (CSE: BFG) (OTCQB: BFGC) (FSE: 11B) Announces Assay Results on 5 More Holes at Its Nevada Project
Bullfrog Gold Corp. (CSE: BFG) (OTCQB: BFGC) (FSE: 11B) on Tuesday announced assay results from five more of the 25 holes recently drilled at its Bullfrog Project (“Project”). The Project comprises 2,125 hectares (5,250 acres) of strategic lands, established resources and prospective exploration potential in the Bullfrog Mining District, which is located four miles west of Beatty, Nevada (200 km northwest of Las Vegas, Nevada). The Bullfrog and surrounding area are in one of North America’s most prolific gold exploration regions that includes significant activities by neighboring AngloGold, Kinross Gold, Coeur Mining and Corvus Gold. Among key highlights announced in the update, drilling continued to intercept thick intervals of gold mineralization in the Mystery Hill (“MH”) deposit, including 46 meters averaging 0.30 g gold/t and 24 m of 0.35 g/t. Another hole intersected 14 m at 2.42 g/t in the main Bullfrog vein, including 6 m at 4.89 g/t starting at a depth of 42 m. Most of the thicker, lower grade intercepts are not within previous estimates of measured and indicated resources.
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About Bullfrog Gold Corp.
Bullfrog Gold Corp. 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 3-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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