- Assay results for six of the 25 test holes Bullfrog Gold Corp. recently completed at the Bullfrog Project in southwestern Nevada have been announced, showing enhanced potential for expanding resources.
- The initial six hole results helped define the limits of expanding two existing open pit mines within the 5,250-acre site and achieved assays of 0.55 g/t gold and 1.95 g/t silver from 0 to 75 feet in one of the holes drilled in the bottom of a pit. Bullfrog Gold undertook the drilling program to fulfill a final work commitment that will allow the company to buy a 100 percent interest in the lands lease/optioned from Barrick Gold and where most of the known resources occur. Barrick Bullfrog Inc. produced about 1 million ounces of gold from the lands now controlled by BFGC but ceased operations in 1999 upon depletion of ore reserves.
- Measured and indicated NI 43-101-compliant resources were estimated in mid-2017 at 525,000 ounces of gold, averaging 1.02 gold g/t in base case pit plans using a $1,200 gold price and 72% heap leach recovery. Since then gold prices have increased significantly and the Company has achieved an 85% heap leach gold recovery from a finer leach feed size.
Precious metals explorer Bullfrog Gold (CSE: BFG) (OTCQB: BFGC) (FSE: 11B) announced the initial gold and silver assays on six drilled holes where the company found significant mineralization intercepts establishing enhanced prospects for expanding pit limits and resources in the historically productive Bullfrog Mining District of southwestern Nevada (http://nnw.fm/nnU0K).
The assayed holes are part of a 25-hole strategic drilling program in the Bullfrog Project located 4 miles west of Beatty, NV and 125 mile northwest of Las Vegas. Bullfrog Gold now has the…
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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