SOURCE: Bullfrog Gold Corp.

Bullfrog Gold Corp.

May 30, 2012 07:00 ET

Bullfrog Gold Corp. Resumes Drilling at Newsboy Project in Arizona

GRAND JUNCTION, CO--(Marketwire - May 30, 2012) - Bullfrog Gold Corp. (OTCBB: BFGC) ("Bullfrog" or the "Company") began phase 2 drilling on May 19, 2012 at the Newsboy Gold Project located 45 miles NW of Phoenix, Arizona. Up to 30 holes and 8,500 feet of additional drilling are planned for completion by early July 2012, of which five holes have already been completed. At least two holes will be angled to explore a steeply dipping vein discovered early this year in the basement schist rocks. This vertical interval contained 50 feet (15.2 meters) of 0.084 gold ounces per short ton (opt) (2.9 grams/metric tonne), including 5 feet (1.5 m) of 0.39 gold opt (13.5 g/mt). The Company will also continue infill and perimeter drilling to optimize the 1992 proposed open pit mine plan and drill test surrounding areas having geological potential.

The Company has re-engaged Layne Christensen Company from Chandler, Arizona for drilling and Skyline Labs of Tucson, Arizona for analytical services. Later in 2012 the Company plans a phase 3 drilling program along with updating and collecting new mine, process and environmental information to support the preparation of a pre-feasibility study and environmental permit applications.

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 State and Federal environmental permit applications. 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 of gold and 2.3 million ounces of gold, respectively. More information on the Company and its projects may be obtained from www.BullfrogGold.com, or by emailing info@BullfrogGold.com.

David Beling, PE
President, CEO & Director

Cautionary Note Regarding Forward Looking Statements
This press release contains "forward-looking statements". 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. 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 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

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