Bullfrog Gold Corp. (OTCQB:BFGC)

Bullfrog Gold Corp. is a US based gold and silver exploration company with a commanding land and mineral position in the Bullfrog mine area 4 miles west of Beatty, Nevada. The Company is led by highly experienced executive and technical teams with proven track records of success in new discoveries, project feasibility, mine and process engineering, corporate development and capital funding for exploration, development and production projects. Bullfrog

Gold Project, Nevada:

The Bullfrog Gold Project is located in the prolific Walker Trend about 125 miles NW of Las Vegas, Nevada and has excellent infrastructure. Barrick Bullfrog Inc. (“Barrick”) produced 2.3 million ounces of gold averaging 3 g gold/ t from the Bullfrog area using conventional milling and open pit and underground mining, but shut down in 1999 when gold prices were less than $300/oz. Although costs were less then, overall economic conditions are better today, and the use of heap leaching allows treating much lower grades.

In October 2014 the Company executed an option to purchase 12 strategic patented claims located adjacent to the Company’s lands and that include the north-east half of the Montgomery-Shoshone (M-S) open pit mined by Barrick. In March 2015 the Company exercised a lease/option to purchase 6 patented claims, 20 unpatented claims and 8 mill site claims from Barrick and that cover the northern part of the Bullfrog deposit (which contains most of the known resources in the area) and the remainder of the M-S deposit. The Company also acquired other lands and now controls 5,250 acres of mineral rights in the Bullfrog mine area.

Company and Project Attributes:

Located in one of the hottest exploration areas in the US – AngloGold, Kinross, Coeur Mining, Corvus Gold, Barrick and Waterton have significant neighboring land and resource positions. • BFGC is undervalued at $30 of market cap per ounce of M&I resources compared to more than $75/oz of several peer companies. • Base case project resources were independently estimated at 525,400 ,000 ounces at 1.02 g gold/t within pit plans using a $1200 gold price. • Several exploration targets have been identified, including an undrilled area that has the same host rocks as the two million ounce Bullfrog deposit located one mile to the west. • Large data base includes 155 miles of drilling in 1,262 holes that strongly supports current mineral estimates and the definition of several exploration and pit expansion targets. • Column leach tests recovered 85% of the gold by using high pressure grinding rolls to produce a much finer leach feed (minus 1/16-inch) that also has much more microfractures than conventional crushers. Bullfrog area mineralization is particularly amenable to leaching very fine sizes. • Load/permeability tests on leached residues indicate heap heights up to 200 feet on this fine, agglomerated leach size. There are not many gold deposits that can produce such fine sizes to maximize recovery and allow such heap heights. •

Nye County, Nevada is an excellent mining venue. Beatty (pop. 1,000) is only 4 miles away and has many amenities, services and an airport. • A paved highway crosses the property boundary. Suitable access roads and in-pit haulage ramps are in place. A 25 KV power line and sub-station are on site. Ample water supply is right under the Bullfrog pit. • Nearly all mine waste can be backfilled in the Bullfrog pit, which substantially reduces environmental impacts and mining costs. • Mineralized and waste rocks are alkaline, and the original 2% sulfide content is now highly oxidized. As a result, acid generation is eliminated. • Steep pit walls up to 53 degrees remain stable after 25 years, thereby reducing the amount of waste to be mined and environmental disturbance area. • No environmental, permitting, legal, taxation, socio-economic, marketing or other circumstances are known that may materially affect the Project. • Permitted, bonded and fully funded to drill priority exploration and pit expansion drill holes starting in May 2020.


Early History: The original Bullfrog mine was discovered in 1904, had minor but high-grade production and is barely within the east boundary of what now is the Death Valley National Park. This initial discovery attracted many prospectors to the area and subsequently resulted in several more discoveries to the east, including deposits in the M-S and main Bullfrog areas. During the period 1907 to 1911 the M-S underground mine recovered 67,000 gold equivalent ounces from 141,000 tons averaging 0.48 gold equivalent ounces per ton (opt).

The Polaris mine is adjacent to the M-S mine and produced 4,900 ounces from 9,500 tons averaging 0.52 gold opt during the early 1900’s. Despite extensive underground workings in the Bonanza Mountain area, historic gold production was probably less than 10,000 ounces. Limited underground mining took place in the Senator Stewart and other small mines west of the large Bullfrog deposit, which went undiscovered by these early miners.

Recent History: Little activity occurred in the District until St. Joe American initiated modern exploration programs in the early 1980’s, during which time the M-S and Bonanza Mountain deposits were expanded, and the large, main large Bullfrog deposit was discovered. In 1987 Bond International Gold acquired St Joe and two years later constructed a 9,000 ton/day cyanidation mill. In November 1989 Lac Minerals acquired Bond Gold but was taken over by Barrick in September 1994. The Company acquired its initial land position in mid-2011 and has since expanded its holdings to 5,250 acres of patented and unpatented lands.


Bullfrog Gold Corp.. is a publicly traded company listed on the OTCQB under the ticker symbol BFGC. This is not investment advice. Please view the disclaimer found on this website.