Bullfrog Gold Corp. (CSE: BFG) (OTCQB: BFGC) (FSE: 11B), on Monday summarized progress during the first half of 2020 and its exploration and development plans for the coming 12 months at the Bullfrog Project (“Project”) located 125 miles NW of Las Vegas, Nevada. Among highlights provided in the update, a key 2020 event was the C$2.0 million private placement completed in mid-January that funded Company and Project obligations while achieving main objectives and advancing the Project. Subject to funding, exploration and development plans for the next 12 months mainly include design, securing permits and completion of the next drill program, as well as performing additional tests on drill cuttings, core and bulk samples from Bullfrog, Mystery Hill (“MH”) and Montgomery-Shoshone (“MS”) deposits to assess variabilities in recovery and ascertain the average 85% gold recovery recently achieved.
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About Bullfrog Gold Corp.
Bullfrog Gold 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 mining and conventional milling beginning in 1989 and ending in 1999 when ore reserves were depleted. Measured and indicated (“M&I”) 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 plans of the MS and Bullfrog pits, the latter of which included minor MH resources. Most of these resources are in the north extension to the Bullfrog pit. Inferred resources were estimated at 110,000 ounces of gold averaging 1.2 g/t, of which most were in the Mystery Hill area. It is noted that the 3-year trailing average gold price is now $170 higher than the $1,200 average price used in 2017. The resource estimates 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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