Bullfrog Gold Completes 25-Hole Drill Program at Its Nevada Project in the Bullfrog Gold District

Nachrichtenquelle: globenewswire
09.06.2020, 14:30  |  236   |   |   

GRAND JUNCTION, Colo., June 09, 2020 (GLOBE NEWSWIRE) -- via NetworkWire – Bullfrog Gold Corp. (CSE: BFG) (OTCQB: BFGC) (FSE: 11B) (“Bullfrog,” “BFGC” or the “Company”) today announces completion of a 25-hole drill program at its Bullfrog Project (the “Project”). The Project comprises 5,250 acres of strategic lands, established 43-101 compliant resources and prospective exploration potential in the Bullfrog Gold District, located 125 miles northwest of Las Vegas.

The Company drilled a total of 12,520 feet (3,816 meters) and will release assay results as they become available in the coming weeks. With a focus on resource expansions, further defining pit limits and testing a new exploration target, the program was designed with the following objectives:

  • Fulfill a final work commitment before September 2020 by drilling most of the holes on lands leased from Barrick Bullfrog Inc. (“Barrick”) and thereby allow BFGC to exercise its option to purchase these Barrick lands.
     
  • Seventeen holes were drilled in the Mystery Hill area immediately adjacent at the northeast section of the Bullfrog pit.
     
  • Six holes in and around the Montgomery-Shoshone (“M-S”) pit were drilled.
     
  • The additional drill holes in both pits were also needed to optimize pit plans and Project financial performance in a subsequent preliminary economic analysis.
     
  • With increased and exciting activity in the surrounding mining districts, the Company drilled two initial holes at its new Paradise Ridge target, located 1 mile east of the Bullfrog pit, and plans to further test this target as well as several other exploration targets identified on its land position.

Bullfrog Gold District
In addition to the drilling and metallurgical testing completed by the Company, AngloGold Ashanti, Kinross Gold, Coeur Mining and Corvus Gold are aggressively pursuing significant acquisitions, exploration drilling and project development activities in the area surrounding Beatty, Nevada.  These activities are set to reestablish the Bullfrog Gold District as a potential new, major gold production center in Nevada. The map in Figure 1 shows the land positions held by these companies as well as Waterton and the remaining lands owned by Barrick.

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