Bullfrog Gold Started Drill Program at its Nevada Project
19 Mai 2020 - 12:00PM
via NEWMEDIAWIRE -- Bullfrog Gold Corp (BFGC:OTCQB; BFG:CSE;
11B:FSE) (“Bullfrog”, “BFGC” or the “Company”) is pleased to
announce that drilling started on May 1, 2020 at the Bullfrog
Project (“Project”) located 125 miles NW of Las Vegas, Nevada. The
program consists of drilling 11,000 feet in 22 holes in the
Montgomery-Shoshone and Bullfrog pit areas and two holes at our
Paradise Ridge exploration target area. To date 14 holes have been
drilled with batches of assay results scheduled for release
starting in early June and completed by mid-July 2020. The direct
costs are estimated at $500,000 for drilling, assaying, geological
personnel and field services.
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 Bullfrog Inc. produced 2.3 million ounces
of gold by conventional milling beginning in 1989 and closing in
1999.
The large data base obtained from Barrick includes detailed
information on 155 miles of drilling in the Bullfrog area. An
independent 43-101 report prepared in 2017 estimated base case
measured and indicated resources at 525,000 ounces of gold
averaging 1.02 g/t within expanded pit plans on the Company’s lands
based on a gold price of $1,200 and heap leaching. Inferred
resources within the base case pit were estimated at 110,000 ounces
averaging 1.20 g/t. Much additional technical and corporate
information may be sourced at www.bullfroggold.com.
Cautionary Note Regarding Forward Looking Statements
This press release contains certain
"Forward-Looking Statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
United States Securities Exchange Act of 1934, as amended. All
statements, other than statements of historical fact, included
herein including those with respect to the objectives, plans and
strategies of the Company and those preceded by or that include the
words "believes," "expects," "given," "targets," "intends,"
"anticipates," "plans," "projects," "forecasts" or similar
expressions, are forward-looking statements that involve
various risks and uncertainties. Forward looking information in
this press release includes but is not limited to statements
regarding increased liquidity for the Company’s shareholders and
the application of metallurgical testing results.
Such forward-looking information and statements are based on
numerous assumptions, including among others, the Company's ability
to successfully maintain its listings, the stability of industry
and market costs and trends and the Company's ability to obtain all
regulatory approvals required for its planned objectives.
Furthermore, by their very nature, forward-looking information
involves a variety of known and unknown risks, uncertainties and
other factors which may cause the actual plans, intentions, events,
results, performance, or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking information. Such risks, uncertainties and other
factors include, without limitation, those related to: (a) adverse
regulatory or legislative changes (b) market conditions, volatility
and global economic conditions (c) industry-wide risks (d) the
Company's inability to maintain or improve its competitive position
and (e) the ability to obtain financing needed to fund the
continued development of the Company's business.
We use certain terms in this valuation such as “mineralization”
and “mineral inventory estimates” that are not defined in Canadian
National Instrument 43-101; or recognized under the U.S. SEC
Industry Guide 7. The Company is presently an exploration stage
company. Exploration is highly speculative in nature,
involves many risks, requires substantial expenditures, and may not
result in the discovery of mineral deposits that can be mined
profitably. Furthermore, the Company currently has no
resources or reserves on any of its properties. As a result,
there can be no assurance that such forward-looking statements will
prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements.
Additional information regarding important factors that could cause
actual results to differ materially from the Company's expectations
is disclosed in the Company's documents filed from time to time
with the United States Securities & Exchange Commission.
Investors are urged to consider closely the disclosures in our Form
10-K and other SEC filings, which can be obtained from the SEC’s
website at http:www.sec.gov/edgar.shtml.
Qualified Person
David Beling, P.E. has 55 years of project and
corporate experience in the mining industry and is a qualified
person as defined by Canadian National Instrument 43-101 –
Standards of Disclosure or Mineral Projects. Mr. Beling has
prepared, supervised the preparation of, or approved the technical
information that forms the basis of the Company’s disclosures, but
is not independent of Bullfrog Gold Corp, as he is the CEO &
President and holds common shares and incentive stock options of
the Company. For further information, please contact David Beling,
CEO & President, at (970) 628-1670.
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