Bullfrog Gold (BFGC) making Preparations for Las Vegas Project

Stephen L Kanaval  |

Bullfrog Gold Corp (BFGC), a exploration stage company that focuses on large gold and silver projects, is hoping to gather investors for its project outside of Las Vegas, Nevada.

This project is located in the Walker Trend about 120 miles northwest of Sin City. The project has excellent infrastructure, according to the company website, and produced 2.1 million ounces of gold during the 1990s for Barrick Gold Corp. from the Bullfrog open pit, which BFGC now controls 33%. The other mine includes the Montgomery-Shoshone deposit that produced 220,000 ounces of gold also for Barrick. Here is a quote from the company page on the agreement for this project and the history: “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 M-S open pit mine. In March 2015 the Company exercised a lease/option to purchase 6 patented claims, 20 unpatented claims and 8 mill site claims from Barrick Bullfrog Inc. The Company now has a logical land unit and an extensive data base to support its exploration and development programs.” To help distribute information, Bullfrog just announced that they have worked out a deal with two investment awareness groups.

The move was motivated by the company’s low gold valuation per ounce, which does not match the valuation of its peers. The company is looking to make strategic moves since it debt obligations have been settled with RMB Australia Holdings Limited. The clean balance sheet allows the company to obtain funding and move forward with this Las Vegas project.

Below are the mineral inventory estimates given by the company in July:

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

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Companies

Symbol Name Price Change % Volume
BFGC Bullfrog Gold Corp 0.09 -0.00 -4.08 180,679

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