How the Calendar May Help Gold Prices - Seite 2

BULLFROG GOLD SPOT ON 

The current gold climate is also bringing some very interesting plays to the forefront. In the junior category, Bullfrog Gold is getting attention for its position in Nevada.

The company has a high-grade flagship property on trend in the perfect spot between Corvus Gold's North Bullfrog and Mother Lode Projects, and the recently announced successes of Northern Empire Resources at its Sterling Gold Project.

Both Corvus and Northern Empire have announced monster grades on their own Nevada Bullfrog projects.

Northern Empire recently reported "extremely exciting results" on its first drill holes for its own Bullfrog trend, the Sterling Property - reporting 1.47g/t over 47.24 meters.

Bigger news came from Corvus Gold's results from a drill program on its Mother Lode Deposit to the SE of Bullfrog Gold's property. Corvus reported 2.69 g/t gold over 37.2 meters, including 11 meters at 5.78 g/t, and the discovery of a new Lower Zone with 25.6 meters at 2.17 g/t gold.

All three companies' projects are hosted in the same structure of the past producing Bullfrog Mine (2.3 million ounces produced).

Bullfrog's flagship property, the Bullfrog Gold Project, is located 120 miles northwest of Las Vegas, Nevada and includes an ex-Barrick pit that recovered 2,300,000 ounces, and the northern third of the Bullfrog deposit.

While the region is well developed, Bullfrog Gold is currently showing the single steepest discount on gold-in-the-ground valuations.

Bullfrog Gold announced estimates in its 43-101 report in June 2017 of 525,000 ounces averaging 1.02 g/t using a gold price of $1200/oz and a base case cutoff grade of 0.36 g/t. Inferred resources were estimated at 120,000 ounces of gold averaging 1.20 g/t.

With those kind of economics and $1400 an ounce gold, Bullfrog would be an amazing value. And $1400 an ounce is a real possibility.

Reviewers expect the demand for physical gold in emerging market countries - particularly China and India, the top-two biggest gold consumers - to support prices in the fourth quarter. Strong seasonal factors and the Fed implementing monetary policies could also push prices.

Commerzbank forecasts gold prices will average $1,300 at year-end and rise into 2018, eventually reaching $1,400.

Investors are onboard and are getting in even earlier than expected. This should give credence to the fall prediction and possibly gold's best quarter.