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Bullfrog Gold Corp. (OTCQB: BFGC) Breaking News - May 24, 2017

 

 

Bullfrog Gold Raises $816,000 of Equity to Advance Its Nevada Gold Project ​


GRAND JUNCTION, CO -- (PRNewswire) -- May 24, 2017 -- Bullfrog Gold Corp (OTCQB: BFGC) ("Bullfrog" or the "Company") is pleased to announce the initial closing of a non-brokered US $816,000 private placement of equity. These subscriptions were priced at $0.08 per unit, which consists of one share of the Company’s common or preferred stock and a two-year warrant to purchase a full share at an exercise price of $0.15. The lead purchaser in the amount of $540,000 was Eros Resources Corp., a TSXV company led by Ron Stewart, President and CEO and Ron Netolitzky, Chairman. A final closing of additional subscriptions is anticipated on May 31, 2017.

Proceeds will mainly be used for advancing the Bullfrog Gold Project (“Project”) under programs described below and general corporate purposes.

- Complete an independent resource estimate before mid-June 2017 followed by a technical report before the end of July 2017, all compliant with Canadian 43-101 standards and US SEC Guideline 7. This work was initiated in mid-March 2017 by the Golden, Colorado office of TetraTech, a recognized global provider of engineering, technical and construction management services with particular expertise in the mining sector.

- Initiate by August 2017 and complete by year end an independent preliminary economic analysis.

- Update the environmental baseline and project engineering sufficient to obtain a Plan of Operations from the US Bureau of Land Management along with other regulatory requirements. Such approvals will permit comprehensive drilling and other site programs to begin in 2018 and extend through the project development period.

- Confirm or re-establish the field survey control systems used by Barrick Bullfrog Inc.
Research existing water rights in the area and pursue adjudications as appropriate.
Mining claim maintenance fees and property acquisition payments.

About Bullfrog Gold Corp. - Bullfrog Gold Corp. is a Delaware corporation that controls the Bullfrog Gold Project located 120 miles NW of Las Vegas Nevada. Barrick produced 2.3 million ounces of gold, mainly on Project lands from 1989 into early 1999. The Company’s lands have significant exploration potential and are currently estimated by management to contain 470,000 ounces of heap leachable mineralization averaging 0.89 grams of gold/tonne within a preliminary open pit outline.

The Company recently expanded and perfected its digital data base after scanning all of Barrick’s assay certificates, geologic logs and survey files on 1262 holes containing 155 miles of drilling in the Project area. This extensive digital data base has also been independently vetted by Tetra Tech.

Cautionary Note Regarding Forward Looking Statements - This press release may contain 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. 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 sufficient 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.

Contact Information: David Beling, PE, President, CEO & Director, (970) 628-1670

Source:  Bullfrog Gold Corp.


 

Metallurgical Testing and Drill Data at Bullfrog Gold's Nevada Project ​


GRAND JUNCTION, CO -- (Marketwired) -- Feb 7, 2017 -- Bullfrog Gold Corp (OTCQB: BFGC) ("Bullfrog" or the "Company") has completed an extensive study of comprehensive metallurgical tests and is pleased to announce results that apply directly to the remaining mineralization around the Montgomery-Shoshone (M-S) and Bullfrog open pit mines. The Company is also scanning Barrick Bullfrog Inc.'s paper drill hole files that include assay certificates and other information needed to support Canadian 43-101 compliant resource estimates and open pit expansion plans. In addition, the Company is scheduled to deliver a public presentation on the Bullfrog Project in Beatty, Nevada on March 13, 2017.

The Bullfrog Gold Project is located 120 miles NW of Las Vegas, Nevada and is estimated to contain 470,000 ounces of heap leachable mineralization that averages 0.89 g of gold/tonne within a preliminary pit outline.

Metallurgical Test Results

In 1985 St. Joe Minerals crushed to -3/4 inch a 22-ton composite sample of M-S ore that graded 0.034 opt (1.17 g/tonne) and recovered 56% of the gold after 59 days of column leaching. A second column test recovered 49% after 59 days of leaching, using minus 12 inch Run-of-Mine (ROM) ore grading 0.037 opt (1.26 g/t). Projected 90-day recoveries were 61% and 54% respectively. These columns were 24 feet high and 5.5 feet in diameter and contained representative mineralization remaining in the M-S deposit. St. Joe reported that the ROM sample had 43% of its weight in the minus 1.5 inch fraction, which was higher grade and yielded higher recovery than the coarser fractions. As significant higher grade fines were reported as lost during multiple handling of the samples and because the leach period should have been more than 90 days, St. Joe's recoveries are deemed conservative.

In 1994, Kappes Cassiday, a metallurgical lab in Reno, Nevada, performed column leach tests on low grade ore from the Bullfrog pit. These columns were five feet high, 6 inches in diameter and charged with 45 kg of representative samples. A bottle roll test was also performed on a split of this bulk sample.

Bottle Column Column
Crush Size, mesh & inch -100m -1.5" -3/8"
Calc. Gold Head, opt .029 .035 .029
g/t 0.99 1.20 0.99
Gold Recovery, % 96.6 71.4 75.9
Leach time, days 2 41 41
Cyanide, #/t .10 .77 1.07
Lime, #/t 2.0 .31 .35

In 1995, Barrick performed pilot heap leach tests on 844 tons of low grade material from the Bullfrog pit and 805 tons of higher grade from the M-S pit. Both samples were crushed to -1/2 inch and had the following results:

BF Low Grade * M-S Ore **
Calc. Gold Head, opt .019 .048
g/t 0.65 1.65
Projected Au Rec., % 67 74
Leach time, days 41 37
NaCn, #/t .20 .25
Lime, #/t nil nil

* This composite is deemed representative of the remaining mineralization in the Bullfrog deposit.
** Most of this higher grade represented by this composite was subsequently milled by Barrick.

These large pilot tests are deemed the most representative for determining cyanide and lime consumptions, which were remarkably low. In this regard, Barrick reported that the alkalinity in the cyanide additions were sufficient to maintain an acceptable pH with nil lime additions. Notwithstanding, Barrick makes no representation concerning the accuracy or use of their information by the Company.

In summary, the M-S and Bullfrog deposits are amenable to heap leaching and can support a mine cutoff grade of 0.2 g/t for leaching at coarse ROM sizes. The mineralization percolates well, and cyanide and lime consumptions are each projected at less than 0.3 pounds per ton. As the leach times in all column and pilot tests were too short, longer term recoveries are anticipated to be higher.

Drill Data Base

The Company is in process of scanning Barrick's paper drill hole files to obtain copies of assay certificates and update the electronic drill hole data base. In a few weeks, the Company should have all assay and survey data on 1,311 drill holes that contain more than 157 miles of drilling. This complete data base will then be vetted by an independent engineering firm and resources will be estimated in compliance with Canadian 43-101 policies. Pit plans will also be further optimized using computer programs rather than the Company's manual cross section estimation and pit planning methods.

Public Meeting

The Company's President & CEO is scheduled to deliver a public presentation in Beatty, Nevada to the Beatty Town Advisory Board on March 13, 2017 at 6:30 pm. The Company will discuss its exploration and development plans toward advancing the Bullfrog Project and looks forward to building mutually beneficial relationships with the Town and its citizens. Beatty has a population of 1,000 and is only 4 miles east of the Project.

Cautionary Note Regarding Forward Looking Statements

This press release may contain 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. 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 sufficient 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.

Contact Information:
David Beling, PE,
President, CEO & Director
(970) 628-1670

Source:  Bullfrog Gold Corp.

 

Bullfrog Gold Corp. Adds New Director and Releases an Interview With Its CEO


GRAND JUNCTION, CO -- (Marketwired) -- Nov 29, 2016 -- Bullfrog Gold Corp (OTCQB: BFGC) ("Bullfrog" or the "Company") is pleased to announce it has posted a letter to shareholders on its website www.bullfroggold.com, and that its CEO participated with David Morgan of The Morgan Report (www.themorganreport.com) in an interview with Stock Radio.

The shareholder letter emphasizes that the Company and its flagship Bullfrog Gold Project are substantially stronger and more valuable than they were a year ago, yet BFGC still remains undervalued compared to nearly all peer companies.

The audio interview provides the responses of David Morgan, a renowned economist, report writer and author, and David Beling, a seasoned mine and company builder. The topics of discussion are listed below:

Will Trumps cut and spend polices bring economic recovery to the US?

With 1 trillion dollars of infrastructure stimulation over the next ten years, is this encouraging for industrial commodities and do you see this reflected in the market, or is this a good time to take or build a position?

Bond sell-off and tax cuts will result in higher growth -- but also higher inflation and higher amounts of U.S. government debt. Could this be the final straw that drives investments out of equities and debt and find safety in metals?

The interview may be heard at the following link:

https://soundcloud.com/thestockradio-com/round-table-november-2016/s-QSZg0

About Bullfrog Gold Corp.

Bullfrog Gold is focused on the further exploration and continued development of its flagship Bullfrog Gold Project located 120 miles NW of Las Vegas, Nevada. The Company controls 2,200 acres where Barrick Bullfrog Inc. produced 2.3 million ounces of gold during the period 1989 into 1999, of which nearly 1.5 million ounces were recovered from lands controlled by the Company. The Company has access to Barrick's large data base comprised of 157 miles of drilling in 1,298 holes, which today would cost more than $40 million to re-create. Based on this data the Company has estimated that 470,000 ounces of gold mineralization averaging 0.89 g/tonne remains around Barrick's mines, in addition to having strong exploration potential on its surrounding lands.

Cautionary Note Regarding Forward Looking Statements

This press release may contain 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. 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 sufficient 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.

Contact Information:
David Beling, PE
President, CEO & Director
(970) 628-1670

Source:  Bullfrog Gold Corp.

 

Bullfrog Gold Corp. Adds New Director and Releases an Interview With Its CEO


GRAND JUNCTION, CO -- (Marketwired) -- Sep 29, 2016 -- Bullfrog Gold Corp (OTCQB: BFGC) ("Bullfrog" or the "Company") is pleased to announce that Kjeld Thygesen has joined the Company as an independent Director. Mr. Thygesen brings 46 years of international credentials in the mining research and finance sectors and joins Alan Lindsay, Chairman and David Beling, President and CEO as a member of Bullfrog's Board. Mr. Lindsay and Mr. Beling have been involved with Mr. Thygesen on many business matters for more than 24 years and very much look forward to his able contributions on behalf of the Company.

Below is a summary of Mr. Thygesen's extensive experience, particularly in precious metals:

Resource Development Partners Ltd, a regulated investment manager under the Financial Conduct Authority of the UK. 2012 - present.
Musgrave Investments Ltd, a Monaco based family office. Resource Advisor. 2005 - present.
Resource Investment Trust PLC, a closed end, London listed resource investment company. Investment Director. 2002 - 2006.
Ivanhoe Mines Ltd, a Canadian mining company with major interests in Asia. Independent Director on audit and governance committees. 2001 - 2011.
Lion Resource Management, a specialist manager for investments in mining and natural resources, including the precious metal Midas Fund US, a top performer rated by Lipper Services. 1989 - 2004.
N M Rothschild & Sons Ltd, Manager - Commodities and Natural Resources Department. Served on the board of several Canadian resource companies. 1979 - 1989.
James Capel & Co, International mining research on precious metal companies. 1972 - 1979
African Selection Trust (Selection Trust London), Mining Research. 1970 - 1972.
University of Natal - South Africa, B. Commerce, 1968. Majors: Economics and Accountancy.
The Company also refers readers to the link below to access a recent, 11-minute audio interview with David Beling, CEO:

http://thestockradio.com/dave-beling-ceo-at-bullfrog-gold-corp-bfgc-3165.html

About Bullfrog Gold Corp.

The Company is focused on the further exploration and development of its flagship Bullfrog Gold Project (Project) located 120 miles NW of Las Vegas, Nevada. The Company controls 2,200 acres where Barrick Bullfrog Inc. (Barrick) produced 2.3 million ounces of gold during 1989 into 1999. The Company has access to Barrick's large data base, including 157 miles of drilling in 1,298 holes, heap leach test work and much additional data that support the Project. In this regard, it would cost much more than $40 million to re-create this very large data base.

Based on the Barrick information, the Company has internally estimated that 470,000 ounces of gold mineralization averaging 0.89 g/tonne remain around Barrick's mines, and that this mineralization is amenable to open pit mining and low cost heap leach processing. In addition, the Project has excellent, existing infrastructure and the Company's surrounding lands have strong exploration potential.

Cautionary Note Regarding Forward Looking Statements

This press release may contain 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. 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 sufficient 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.

Contact Information:

David Beling
PE, President, CEO & Director
(970) 628-1670
www.bullfroggoldcorp.com
Source:  Bullfrog Gold Corp.

 

Bullfrog Gold Corp Is Pleased to Provide Updates and Further Attributes of the Company and Its Bullfrog Gold Project


GRAND JUNCTION, CO -- -- Bullfrog Gold Corp (OTCQB: BFGC) ("Bullfrog" or the "Company") iis pleased to announce that Kjeld Thygesen has joined the Company as an independent Director. Mr. Thygesen brings 46 years of international credentials in the mining research and finance sectors and joins Alan Lindsay, Chairman and David Beling, President and CEO as a member of Bullfrog’s Board. Mr. Lindsay and Mr. Beling have been involved with Mr. Thygesen on many business matters for more than 24 years and very much look forward to his able contributions on behalf of the Company.

Below is a summary of Mr. Thygesen’s extensive experience, particularly in precious metals:

Resource Development Partners Ltd, a regulated investment manager under the Financial Conduct Authority of the UK. 2012 – present.

Musgrave Investments Ltd, a Monaco based family office. Resource Advisor. 2005 – present.

Resource Investment Trust PLC, a closed end, London listed resource investment company. Investment Director. 2002 – 2006.

Ivanhoe Mines Ltd, a Canadian mining company with major interests in Asia. Independent Director on audit and governance committees. 2001 – 2011.

Lion Resource Management, a specialist manager for investments in mining and natural resources, including the precious metal Midas Fund US, a top performer rated by Lipper Services. 1989 – 2004.

N M Rothschild & Sons Ltd, Manager - Commodities and Natural Resources Department. Served on the board of several Canadian resource companies. 1979 – 1989.

James Capel & Co, International mining research on precious metal companies. 1972 – 1979

African Selection Trust (Selection Trust London), Mining Research. 1970 – 1972.

University of Natal - South Africa, B. Commerce, 1968. Majors: Economics and Accountancy.

The Company also refers readers to the link below to access a recent, 11-minute audio interview with David Beling, CEO:  http://thestockradio.com/dave-beling-ceo-at-bullfrog-gold-corp-bfgc-3165.html



About Bullfrog Gold Corp.
The Company is focused on the further exploration and development of its flagship Bullfrog Gold Project (Project) located 120 miles NW of Las Vegas, Nevada. The Company controls 2,200 acres where Barrick Bullfrog Inc. (Barrick) produced 2.3 million ounces of gold during 1989 into 1999. The Company has access to Barrick’s large data base, including 157 miles of drilling in 1,298 holes, heap leach test work and much additional data that support the Project. In this regard, it would cost much more than $40 million to re-create this very large data base.

Based on the Barrick information, the Company has internally estimated that 470,000 ounces of gold mineralization averaging 0.89 g/tonne remain around Barrick’s mines, and that this mineralization is amenable to open pit mining and low cost heap leach processing. In addition, the Project has excellent, existing infrastructure and the Company’s surrounding lands have strong exploration potential.

Cautionary Note Regarding Forward Looking Statements
This press release may contain 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. 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 sufficient 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.

Contact Information:

David Beling,
PE, President, CEO & Director,
(970) 628-1670
www.bullfroggoldcorp.com
Source:  Bullfrog Gold Corp.

 

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RECENT BFGC News:

Bullfrog Gold Corp Is Pleased to Provide Updates and Further Attributes of the Company and Its Bullfrog Gold Project


GRAND JUNCTION, CO -- (Marketwired) -- 07/12/16 -- Bullfrog Gold Corp (OTCQB: BFGC) ("Bullfrog" or the "Company") is pleased to provide updates and further attributes of the Company and its Bullfrog Gold Project located 120 miles NW of Las Vegas Nevada:

The Bullfrog Mining District ("District") hosts an enormous epithermal gold system from which Barrick Bullfrog Inc. ("Barrick") produced 2.3 million ounces of relatively high grade gold from open pit and underground ores during the period 1989 into 1998.

Remaining mineralization in and around Barrick's mines was estimated by the Company to contain 470,000 ounces of gold averaging 0.89 grams/tonne. See press release of April 11, 2016. The Company believes this mineral inventory supports an open pit mining and heap leaching project under current market conditions.

The Company's lands have strong potential for expanding known mineralization as well as discovering new zones.

A debt obligation of more than $2.8 million was recently eliminated, thereby enhancing the Company's balance sheet and its ability to fund and advance the Project. See press release of July 6, 2016. The Company now has less than $500,000 of debt, which is anticipated to be paid off during the next few months.

Project infrastructure is excellent and includes:

- A paved Nevada State highway crosses the Company's southern claims.

- Existing access roads to the Montgomery-Shoshone ("M-S") and Bullfrog pits and much of the property only need minor maintenance to facilitate and sustain Project plans.

- Barrick's haulage ramps from the surface to the pit bottoms remain in place, thereby allowing expansion of the M-S and Bullfrog pits while minimizing costs. For reference, these ramps would cost many millions of dollars for a similar Greenfield project.

- The high voltage electrical transmission line and sub-station site installed by Barrick is readily available for resuming production operations.

- The Company controls Barrick's current water rights and ample water can be sourced immediately below the Bullfrog pit and several wells in the area.

- Infrastructure in the Town of Beatty adequately supported Barrick's project and will also serve the Company's proposed activities and operations. Beatty is less than 4 miles from the Project, has a population of 1,000 people and serves a large area with amenities, food, lodging and services.

- The Company obtained or has access to all of Barrick extensive project data base, including 157 miles of exploration and development drilling throughout the District. This amount of drilling would currently cost more than $40 million.

- The Company is not aware of any environmental, permitting, legal, taxation, socio-economic, marketing or other circumstances that may materially affect Project development and operations.

- Mining the Bullfrog and M-S pits could be sequenced to backfill nearly all waste in the Bullfrog pit, thereby significantly reducing waste haulage costs and avoiding additional large waste dumps having associated environmental impacts.

- The Bullfrog area near Beatty in Nye County, Nevada provides an excellent venue for resumption of mining.

- As Barrick's mining pit walls are stable up to 53 degrees, the ultimate amount of waste that must be removed will be significantly less than pits that require flatter slopes.

- Column leach tests performed by Barrick and others yielded gold recoveries of 75+% on samples crushed to -3/8 inch in 41 days and 54% in 90 days for samples sized at -12 inches, which simulates a coarse run-of-mine size.

- The mineral and waste rock originally had less than 2% sulfides, which have since been thoroughly oxidized. Thus, the Project has no acid generation potential and requires very low amounts of lime for protective alkalinity during the leaching process.

- The Company currently has 97.4 million shares outstanding and a market capitalization of $9.1. There are 4.5 million options exercisable at $0.025 and 4.0 million warrants exercisable at $0.35, which warrants expire on or before February 4, 2017. As a result, fully diluted shares are 105.9 million.

- Market capitalizations per ounce as of July 8, 2016 are less than $20 for the Company compared to $50 to $140 for several other companies that have similar heap leaching projects.

In summary, the Company has the personnel, knowledge, and experience to grow and optimize the Project for the mutual benefit of all stakeholders.

Cautionary Note Regarding Forward Looking Statements
This press release may contain 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. 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 sufficient 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.

Contact Information:
David Beling
PE, President, CEO & Director
(970) 628-1670


Source:  Bullfrog Gold Corp.

 

Bullfrog Gold Eliminates Major Debt

Bullfrog Gold Is Pleased to Announce That It Has Settled All Debts and Obligations With Respect to a December 12, 2012 Facility Agreement

GRAND JUNCTION, CO -- (Marketwired) -- 07/06/16 -- Bullfrog Gold Corp (OTCQB: BFGC) ("Bullfrog" or the "Company") is pleased to announce that it has settled all debts and obligations with respect to a December 12, 2012 Facility Agreement (Agreement) with RMB Australia Holdings Limited (RMB). The principal and interest due RMB under the Agreement as of March 31, 2016 was $2,789,996. Components of the payout were $250,000 of cash, which was raised from recent private placements and issuance of one million shares of BFGC common stock, subject to restrictions under SEC rule 144. With its substantially improved balance sheet, the Company is now well-positioned to obtain funding and advance its flagship Bullfrog Gold Project located 120 miles NW of Las Vegas, Nevada.

For reference, key results from the Company's press release of April 11, 2016 are summarized below:

Current Mineral Inventory Estimates
Tonnes Gold Gold
Pit Areas Millions G/T Ounces
M-S Shallow 1.1 1.06 38,612
M-S Deeper 0.9 0.93 26,813
Bullfrog North 13.3 0.88 375,051
BF NE Mystery Hill 0.9 0.80 26,813
Total/Average 16.4 0.89 469,961
These estimates are supported by close-spaced drill holes upon which Barrick Bullfrog Inc. produced 2.3 million ounces of gold from their proven and probable ore reserves during 1989 to 1999. The Project also has strong exploration and economic potential beyond the estimates in the pit areas.

Metallurgy

Column leach tests yielded gold recoveries of 75+% on samples crushed to -3/8 inch in 41 days and 54% in 90 days for samples sized at -12 inches, which simulates a coarse run-of-mine size.

Additional Company and Project information may be obtained from www.BullfrogGold.com, calling (970) 628 - 1670 or emailing info@BullfrogGold.com.

Cautionary Note Regarding Forward Looking Statements

This press release may contain 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. 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 sufficient 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.

Contact:
David Beling, PE
President, CEO & Director
(970) 628-1670

Source: Bullfrog Gold Corp

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About BFGC:

HBullfrog Gold Corp is a publicly traded mineral exploration company with gold and silver projects in Nevada. As of March 31, 2014, the Company's capital structure consists of approximately 45 million common and 400,000 preferred shares issued and outstanding. An additional 4.5 million option shares and 21.4 million warrants result in 71.3 million shares fully diluted.

Bullfrog Gold Corp’s executive management and technical teams are led by David Beling, President and CEO. David Beling has 50 years of experience with all stages of mineral exploration, mining and processing including the engineering and management of 12 open pit mines, 9 underground mines and 14 process plants for junior and major mining companies. Mr. Beling has been directly involved with developing six junior mining companies and served on the Boards of 13 mining companies starting in 1981. Ty Minnick, a CPA with 20 years experience is VP Administration and Finance. Qualified geologists Clive Bailey, Chip Allender and Joe Wilkins have more than 110 years of combined experience and are contracted to explore and develop Bullfrog’s three projects and evaluate potential acquisitions.

Bullfrog Gold Corp. has a strong asset portfolio with large prospective gold exploration projects located in prolific mining districts within the Southwestern USA. Mr. Allender and Mr. Wilkens both have had extensive experience with the exploration of the Bullfrog Gold Project in the Walker Trend of southwestern Nevada; and the Klondike Project in the Alpha Mining District in Nevada. Mr. Allender has examined the Klondike and Bullfrog Projects and Mr. Bailey managed the first phase drill program on the Klondike Project.

Mission Statement

Explore our Bullfrog gold project adjacent to a major mine in Nevada
Explore our Klondike silver project in Nevada
Acquire select properties

Key Values
Management & Consultants

Extensive experience in precious metals and the global resource industry
Started and managed Hycroft's gold mine and heap leach in Nevada
Explored and evaluated several hundred deposits
Discovered Barrick's Bullfrog Mine that produced 2.3 M oz gold
Acquired in 1993 the first EIS for a mine in Arizona


Bullfrog Gold Project
Large potential within the prolific Walker Trend/Bullfrog Hills
Adjacent to Barrick's Montgomery-Shoshone open pit gold mine

Klondike Silver Project
Shallow, multi-ounce silver with potential base metal and barite by-product credits
Project covers nearly all of the historic Alpha Mining District

Solid Capital Structure
As of March 31, 2014, 45 million shares issued & outstanding and 71 million shares fully diluted

Management Team

David Beling - President, CEO and Director

50 years of experience in the base and precious metal and energy mineral sectors
Specialized in development, financing and operation of projects and corporations
Significantly reviewed or examined 80 underground mines, 120 open pits and 160 process plants
Employed by Phelps Dodge, Union Oil, Fluor, United Technologies, Westinghouse and six junior mining companies. Managed AZCO and Hycroft. Consulted for 20 mining companies.
Director of 13 US and Canadian public and private mining companies since 1981
Registered Professional Mining Engineer - Arizona
Drove approval of an Environmental Impact Statement in 1993, the first for a mine in Arizona


Alan Lindsay - Chairman of the Board

Developed strategic vision for placing key mineral assets of NPX Metals into Bullfrog Gold Corp.
Founder or principal of AZCO Mining Inc., Uranium Energy Corp., Anatolia Minerals, Oroperu Minerals and Strategic American Oil


Tyler Minnick - Vice President Administration & Finance

Registered member of the Colorado Society of Certified Public Accountants
20 years of experience in accounting, auditing and business advisory services
Specialized in financial reporting and budget preparation and analysis


Project Overview

The Bullfrog Mining District is located in the prolific Walker Trend and has excellent infrastructure. This district has produced nearly 3.3 million ounces of gold between 1989 and 1999. The Montgomery-Shoshone open pit has produced 2.3 million ounces of gold and is less than one mile from the Bullfrog Gold Corp. land holdings. The Company's lands are directly adjacent to the Montgomery-Shoshone open pit mine that produced 220,000 ounces of gold. This area also produced 94,000 ounces of gold from underground mining operations in the early 1900's. The Company has developed a comprehensive exploration program and plans to commence drilling high priority targets after receiving approvals from the BLM.

Although the Company's lands cover extensions of mineralized detachment faults, the Company currently has no known resources, reserves or past production on its Bullfrog Gold Project.

Project Overview

The Bullfrog Mining District is located in the prolific Walker Trend and has excellent infrastructure. This district has produced nearly 3.3 million ounces of gold between 1989 and 1999. The Montgomery-Shoshone open pit has produced 2.3 million ounces of gold and is less than one mile from the Bullfrog Gold Corp. land holdings. The Company's lands are directly adjacent to the Montgomery-Shoshone open pit mine that produced 220,000 ounces of gold. This area also produced 94,000 ounces of gold from underground mining operations in the early 1900's. The Company has developed a comprehensive exploration program and plans to commence drilling high priority targets after receiving approvals from the BLM.

Although the Company's lands cover extensions of mineralized detachment faults, the Company currently has no known resources, reserves or past production on its Bullfrog Gold Project.

SOURCE: www.bullfroggold.com




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