- Gold prices continue to climb
- Bullfrog explores area that has produced 2.3 million ounces of gold
- BFGC recently completed 25-hole drill program covering 12,520 feet (3,816 meters), including a 360-foot interval (110 meters) averaging 0.41 g gold/t
With the price of gold climbing and now exceeding $1,800 an ounce, Bullfrog Gold (OTCQB: BFGC) (CSE: BFG) (FSE: 11B) is starting to glitter in investors’ eyes even more. 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%.
The Bullfrog project comprises 2,125 hectares (5,250 acres) of land with significant infrastructure about four miles west of Beatty, Nevada (around 125 northwest of Las Vegas). Important pit expansion and exploration targets include Mystery Hill, which is adjacent to the Bullfrog pit, Montgomery-Shoshone and…
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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