Phoenix, Arizona--(Newsfile Corp. - July 7, 2020) - The Stock Day Podcast welcomed Bullfrog Gold Corp. (OTCQB: BFGC) ("the Company"), a Delaware corporation that controls the commanding land and mineral positions in the Bullfrog Mine area where Barrick produced 2.3 million ounces of gold by conventional milling beginning in 1989 and ending in 1999. CEO of the Company, David Beling, joined Stock Day host Everett Jolly.
Jolly began the interview by asking Beling about the Company's recent projects. "In January, we had raised $2 million Canadian, which is about $1.4 million US, and as soon as we got those funds in we started immediately making final arrangements to do a drill program and we assembled and mobilized contractors and personnel," shared Beling. "We started drilling on May 31st, in spite of Coronavirus, and by June 6th we completed a 25-hole program," said Beling, sharing that the Company received positive results and are awaiting the remaining assays.
"Everything is going our way and we're quite pleased with what we've accomplished with this program," said Beling.
Jolly then commented on the Company's recent press release detailing their intention to drill an additional nine holes. "Are you doing assays on these or are you actually doing a 43-101?" asked Jolly. "These drill samples that we collect, we send them to a commercial lab in Reno to get the gold and silver assays. We're not doing anything on a 43-101," explained Beling. "We did a 43-101 resource estimate in August of 2017, but nothing has changed until we get the assays on the 25 holes," he added, noting that once the Company receives the final analytics the next step will be a preliminary economic analysis. He then explained that this would allow the Company to fully define and optimize the Bullfrog and Montgomery-Shoshone pits, which would be followed by feasibility studies.
"Currently, we're also pursuing drilling our exploration targets because we want to find out how many more ounces can be added to the development projects that we have," said Beling. "That's what our concurrent plans are and what our focus is."
"Where do we go from here?" asked Jolly. "As soon as we get all of these assays, we're going to study those and begin designing and laying out the next drill program," shared Beling, adding that this process will also include environmental permitting. "We will be seeking funding later this year," he added. "We will also be pursuing a preliminary economic analysis and more drilling," said Beling.
"We've got very good results on metallurgy, we're picking up strong intervals that will add to the resources in both of these pits," said Beling. "In this regard, we achieved an average 85% gold recovery from four bulk samples and 91% from the Mystery Hill area where most of our holes were drilled. We just need to get the assays on the balance of these holes and then estimate updated resources. That will advance this project quite well."
To close the interview, Beling encouraged interested investors to consider the potential of the Company and its project, especially considering their low stock price. "There is the opportunity for advancing this and our plans are to continue to add value and have the market recognize what our value is," closed Beling.
To hear David Beling's entire interview, follow the link to the podcast here: https://audioboom.com/posts/7625141-bullfrog-gold-corporation-discusses-progress-of-their-2020-drill-program-with-the-stock-day-podcast
About Bullfrog Gold Corp.
Bullfrog Gold Corp. is a Delaware corporation that controls the commanding land and mineral positions in the Bullfrog Mine area where Barrick produced 2.3 million ounces of gold by conventional milling beginning in 1989 and ending in 1999. Measured and indicated 43-101 compliant resources were estimated in mid-2017 by Tetra Tech Inc. at 525,000 ounces of gold, averaging 1.02 gold g/t in base case pit plans. Most of these resources are in the north extension to the Bullfrog pit. Inferred resources within these pit plans were estimated at 110,000 ounces of gold averaging 1.2 g/t. It is noted that the 3-year trailing average gold prices are now more than $160 higher than the $1,200 price used in the mid-2017 Canadian NI 43-101 resource estimates, which were also based on a heap leach gold recovery of 72% compared to the average 85% leach test recoveries recently achieved on four bulk samples.
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.
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. 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 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 with the United States Securities & Exchange Commission or on www.sedar.com. 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 https://www.sec.gov/edgar.shtml. Additional technical and corporate information may also be sourced at www.bullfroggold.com.
About The "Stock Day" Podcast
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