Bullfrog Gold (BFGC): Positions Itself for Continued Growth During Uncertain Political Times

Destiny A. Lopez  |

Bullfrog Gold (BFGC), an exploration company, is dedicated to acquiring and exploring mineral properties, focusing on, among other metals, gold and silver. Currently, the Colorado-based company boasts a mining portfolio that contains large prospective properties within the Nevada mining districts, including the Bullfrog Gold Project.

Located 120 miles NW of Las Vegas, the Bullfrog Gold Project is within the Walker Trend boasts the following:

  • The company controls the main Bullfrog open pit, which produced 2.1 million ounces of gold in the 1990’s for Barrick Gold Corp.
  • Company owns entire Montgomery-Shoshone deposit.
  • Purchased 12 strategic patented claims located adjacent to the lands that include the north-east half of the M-S open pit mine in 2014.
  • Executed a lease/option to purchase 6 patented claims, 20 unpatented claims and 8 mill site claims from Barrick Bullfrog Inc. in 2015.

According to the company’s official website, Bullfrog Gold has a “market capitalization per ounce of mineralization of less than $25 compared to $45 to $140 for most companies having similar heap leach projects.”

Currently, the company is under the leadership of President and CEO, David Beling. With over 50 years of professional mining engineering experience, Beling, between 2006 and 2007, was instrumental in growing the company’s market capitalization to US $460 million. Recently, under his watch, the company increased its gold mineral inventory to 470,000 ounces and eliminated a $2.8 million debt obligation.

Furthermore, the company has continued to strengthen its management team with the addition of independent Director Kjeld Thygesen. Thygesen has represented, among others with thanks to 46 years of international credentials, Resource Development Partners Ltd and Musgrave Investments Ltd.

Gold continues to be a market that investors ought to keep an eye on .As reported by PRNewswire, the 20 percent rally in gold this year, according to head of commodities research at Goldman Sachs, Jeff Currie, is due to the uncertainty regarding the highly publicized 2016 U.S. election. "We have a lot of political risk in the market right now, so gold has a strategic purpose," said Currie.” Bullfrog Gold, is one of a number of gold companies to report positive developments and continues to position itself for future growth during in the midst of uncertain times.

To learn more about Bullfrog Gold, visit www.bullfroggold.com.

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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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