Phoenix, Arizona--(Newsfile Corp. - November 14, 2019) - The Stock Day Podcast welcomed Bullfrog Gold Corp. (OTCQB: BFGC) (CSE: BFG) (FSE: 11B) ("the Company"), 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 from 1989 into 1999. The Bullfrog Project (Project) is located 125 miles northwest of Las Vegas and 4 miles west of Beatty, Nevada. CEO and President of the Company, Dave Beling, joined Stock Day host Everett Jolly.
Jolly began the interview by noting that the Company recently announced the achievement of high leach recoveries at its Nevada gold project. Beling shared that the Company began a bulk sampling and metallurgical testing program about 18 months ago for leach testing, particularly on finer sizes by using high pressure grinding roll equipment. "This equipment can produce a finer product than a conventional crushing circuit, and also creates much more micro-fractures. So, you get a better and faster recovery," said Beling. In this regard, the mineralization on the Project is highly amenable to the use of high pressure grinding rolls since it is quite low in clay content and does not generate much additional fines in the process.
"We were getting gold recoveries up to 91%," said Beling. "We've now gone through four testing campaigns with very good results," added Beling. He further explained that previous tests on coarser sizes using conventional crushers recovered around 75% of the gold.
Jolly then asked about the Company's recent developments at the Project. Beling shared that the Company completed several significant environmental studies and obtained permits for drilling priority holes designed to expand two existing pits and test key exploration targets. However, a preliminary economic analysis and a subsequent bankable feasibility need to be completed as well as securing permits necessary to construct, operate and reclaim the Project. "We've also generated a high priority exploration target that we're really excited about," shared Beling, adding that the new site is about one mile east of the Bullfrog pit and offers a large prospective area that has not been drilled to date.
The conversation then turned to the Company's private placement of $1.1 million obtained in March 2019. "What are you doing with that money?", asked Everett. Beling explained that the Company's recent listing on the Canadian Securities Exchange required significant time and resources. Most of the remaining funds have been used for metallurgical testing, posting cash reclamation bonds for drilling, and environmental studies. "We also embarked on several exposure campaigns," said Beling, adding that funds have also been used for everyday business expenses.
Beling then expanded on the increasing interest in the Beatty, Nevada area, where several major companies have acquired and/or substantially expanded their land positions. "This is one of the hottest exploration areas in the United States," said Beling.
Jolly noted that the Company is significantly undervalued and asked Beling why investors should consider Bullfrog Gold Corporation. Beling explained that the Company's relatively low valuation on a market cap per ounce basis represents a significant opportunity for investors to get involved. He also encouraged listeners to visit the website at www.bullfroggold.com and/or contact the Company directly.
To hear Dave Beling's entire interview, follow the link to the podcast here: https://audioboom.com/posts/7424277-bullfrog-gold-corp-joins-the-stock-day-podcast-to-discuss-progress-of-their-nevada-gold-project
About Bullfrog Gold Corp.
BFGC 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 from 1989 into 1999. An independent Canadian National Instrument 43-101 compliant report prepared in August 2017 estimated mineralization at 624,000 ounces at 0.7 g/tonne gold within expanded pit plans based on a gold price of $1,200 and use of heap leaching. The Company obtained a large data base from Barrick, including detailed information on 155 miles of drilling in the area, and has defined BF and MS pit expansions and several prospective exploration targets.
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, or sourced through www.bullfroggold.com.
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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