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Bullfrog Gold Corp. Message Board

  • financesajeed financesajeed Mar 17, 2013 2:24 PM Flag

    Business Target of BFGC

    Bullfrog Gold Corporation (BFGC) has been completing developing stage activates and its overall mining progress is hopeful which is talked by David Beling, CEO, Bullfrog Gold Corporation. According to David Beling, “We want to finish this third drill program on Newsboy and then do an updated, what we call a block model resource estimate, and that should be completed certainly before the end of this year. We'll take all the information we have and use a computerized estimation procedure, as well as doing some initial mine planning aspects, which is what we want to do there because we have 235,000 ounces of historic resources on Newsboy, and we've put in well over 50 holes now. We want to consolidate that into a new estimate, so that's a key goal. There are some other metallurgical investigations we want to do on optimizing how this ore may perform. We certainly want to expand the resources and convert the additional resources into reserves to make that project basically the best that it can be both in scale and type”. If the company is truly able to find the estimated deposited gold and silver then it will bring many changes in financial health of this company. The management, under the pressure on liquidity, expects to raise fund from market. Mr. David Beling stated that, “We want to do several things. We want to raise money and put it in the ground, and then tell people about it and keep expanding. What we want to do is get our work done in the field, as well as in terms of investor awareness, and these are the ingredients that are going to take this company forward.” Albeit present financial performance of BFGC is not eye-catching, the situation may change with successful mining of gold and silver.

 
BFGC
0.0120.000(0.00%)Dec 19 10:24 AMEST

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