SOURCE: Bullfrog Gold Corp.

Bullfrog Gold Corp.

June 19, 2012 07:00 ET

Bullfrog Gold Corp. Acquires Substantial Historical Data Base at Its Newsboy Gold Project

GRAND JUNCTION, CO--(Marketwire - Jun 19, 2012) - Bullfrog Gold Corp. (OTCBB: BFGC) ("Bullfrog" or the "Company") has acquired 800 pounds of additional technical, environmental and administrative paper information concerning its Newsboy Project located 45 miles NW of Phoenix, Arizona. Moneta Porcupine Mines of Timmins, Ontario ("Moneta") purchased the Newsboy Project in 1993, acquired all relevant data from previous owners and conducted comprehensive exploration and development activities through 1995. Bullfrog had all the relevant reports on the Project through 1992, but now has supporting documents and additional data that were not previously available, as follows:

  • Assay certificates and drill logs of nearly all the 154 historical holes drilled from 1987 through 1992 plus 8 additional holes drilled by Moneta during 1994 and 1995
  • Geophysical survey results
  • Surface and geochemical sampling results
  • Land title reports and maps
  • Geology plan and cross sectional maps
  • Updated environmental information
  • All remaining technical and administrative information collected or generated by Moneta during their two-year tenure

The drill logs and assay certificates of the old holes provide further support to the historic resources and geologic potential estimated in 1992 and will allow the Company to re-estimate resources in compliance with current industry and international standards. The information from the 8 additional holes drilled by Moneta will help further define resources and exploration potential in the Newsboy main deposit and surrounding area.

With respect to the remaining information, the Company now has a comprehensive data base to integrate with its current exploration and development plans. Several hundred pounds of sample splits and pulp rejects from Moneta's 1994 and 1995 drill and surface sampling programs will also be shipped to the Company's project office as soon as practical.

About Bullfrog Gold Corp.
Bullfrog Gold Corp. is a Delaware corporation that started trading on the over-the-counter bulletin board market on October 17, 2011 under the symbol BFGC. During 1992, predecessor owners of the Newsboy Project completed a feasibility study and submitted environmental permit applications to the State and the US Bureau of Land Management. Historic resources in the main deposit area were estimated in 1992 at 5.3 million tons averaging 0.04 gold opt and 0.7 silver opt.

The Company also owns a highly-prospective property located 116 miles NW of Las Vegas, Nevada. These lands are adjacent to Barrick Gold's Montgomery-Shoshone mine and within one mile of Barrick's Bullfrog mine. Between 1988 and 1999 these two open pit mines produced approximately 220,000 ounces gold and 2.3 million ounces of gold, respectively. More information on the Company and its projects may be obtained from www.BullfrogGold.com, by emailing info@BullfrogGold.com or calling (970) 628 - 1670.

David Beling, PE
President, CEO & Director

Cautionary Note Regarding Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, including, without limitation, those with respect to the objectives, plans and strategies of the Company set forth herein 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." Although the Company's management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company's future results to differ materially from those anticipated. Potential risks and uncertainties include, among others: general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices; risks of junior exploration and pre-production activities; and maintenance of important business relationships. Bullfrog 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. Once a site with mineralization is discovered, it may take several years from the initial phases of drilling until production is possible, during which time the economic feasibility of production may change. Substantial expenditures are required to establish recoverable proven and probable reserves and to construct mining and processing facilities. As a result, there is no assurance that current or future exploration programs will be successful. Furthermore, the Company currently has no reserves on any of its properties. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company's filings with the SEC including the Current Report on Form 8-K/A, filed with the SEC on October 7, 2011 and the Annual Report on Form 10-K filed with the SEC on February 27, 2012. The Company assumes no obligation to update any of the information contained or referenced in this press release.

Contact Information

  • Contact Information
    David Beling, PE
    President, CEO & Director
    970-628-1670