Breaking News

Adidas to Start EU1.5B Shareholder Return Program
Tweet TWEET

Newsboy Project Resources to be Estimated for Bullfrog Gold

Newsboy Project Resources to be Estimated for Bullfrog Gold

GRAND JUNCTION, Colo., Nov. 12, 2013 (GLOBE NEWSWIRE) -- Bullfrog Gold Corp.
(OTCBB:BFGC) ("Bullfrog" or the "Company") is pleased to announce that it has
engaged SRK Consulting ("SRK") of Denver, Colorado to estimate resources on
the Newsboy Gold Project ("Project" or "Newsboy") and prepare a technical
report using Canadian National Instrument 43-101 standards and procedures. SRK
Consulting is an independent, international consulting practice that offers
services from exploration through feasibility, mine planning, and production
to mine closure. Formed in 1974, SRK now employs more than 1,600 professionals
internationally in over 50 offices on 6 continents.

GeoMax of Denver, Colorado recently converted the historic drill data base
from paper into electronic format and vetted all information with respect to
QA/QC protocols. SRK now has the electronic data package and recently
completed its visit to the Newsboy site. The Company anticipates that SRK will
complete its report by early 2014.

About the Newsboy Project

The Project comprises 7,160 acres of state, federal and private lands located
45 miles northwest of Phoenix, Arizona. Wickenburg and Morristown are located
10 miles and 3 miles respectively from the site. Approximately 1.2 million
ounces of gold and 1 million ounces of silver have been produced within 25
miles of the Project from several historic mines, including the Vulture,
Congress, Octave and Yarnell.

Newsboy area mine workings dating from 1915 include several short adits,
trenches and shallow mine shafts. From 1940 to 1941 approximately 11,000 tons
of ore averaging 0.07 ounces of gold and 8.1 ounces of silver per were surface
mined from the main Newsboy deposit and shipped as flux to smelters in
Arizona. Other production from the general area was not recorded but was
minor. Below is a summary of all drilling on Project lands:

Newsboy Drilling Summary
Principally in Main Deposit Area
Year         Owner/Operator                    Drill Method    Holes   Footage
                                               (1)
                                                                   
1985         Labradex Mining Co. (2)           RC              11      2,435
1985         Checkmate Resources Ltd.          RAB             22      4170
1987         Westmont Mining Co.               RC              29      5,910
1988         Westmont Mining Co.               RC              54      13,170
1989         Lupine Minerals - Westmont JV     RC              19      4,530
1990         Newsboy Gold Mining Corp.         DC              12      1,681
1992         Newsboy Gold Mining Corp.         RC              39      6,560
1995         Moneta Porcupine Mines            DC              8       3,363
Sub-total                                                    194     41,819
2011-12      Bullfrog Gold Corp.Phase 1       RC              24      6,750
2012         Bullfrog Gold Corp.Phase 2       RC              24      7,793
2013         Bullfrog Gold Corp.Phase 3 (3)   RC              26      8,430
Sub-total                                                    74      22,973
Total                                                        268     64,792
(1)RC: Reverse Circulation  RAB: Rotary Air     
Blast DC: Diamond Core
(2) Drilling only on RUS claims                                        
(3) Drilling in Queen of Sheba and Main deposit areas                  

During 1990 and 1992, Newsboy Gold Mining Company ("NGMC") also conducted
metallurgical test work, estimated resources and reserves, completed a
feasibility study and submitted environmental permit applications to the State
and the US Bureau of Land Management. The feasibility study concluded that ore
could be economically processed at a rate of 600,000 ton per annum at a
mineable grade of 0.05 ounces of gold and 1.4 ounces of silver per ton at an
average strip ratio of 3.6:1.Metallurgical tests projected recoveries of at
90% for gold and 20% for silver for a proposed production rate of 27,000
ounces of gold and 168,000 ounces of silver per year.Historic resources
estimated by NGMC in 1991 using data from 125 holes were 5.8 million tons
averaging 0.04 ounces of gold and 0.7 ounces of silver per ton.

In 1993 NGMC was sold to Moneta Porcupine Mines of Canada, who conducted
geophysical and surface sampling programs and cored eight holes. The property
was re-acquired by Southwest Exploration Inc. in 2008 and optioned to the
Company in September 2011. More than 41,800 feet of drilling has been
completed on the Project from 1985 through 1995 at an expenditure of more than
$6 million. During the past two years the Company's drilling and direct
Project expenditures were $1.7 million. As a result, more than $12 million has
been spent on the exploration and development of the Project, based on the
current 2013 dollar value.

The Newsboy Project has eight relatively shallow priority drill targets, of
which only the RUS and Queen of Sheba areas have had limited drilling to date.
Other secondary targets have also been identified below existing drill depths,
particularly in the SE area of the main deposit.The Company intends to
continue drilling and metallurgical testing while advancing engineering and
environmental programs and studies.

More information on the Company and its projects may be obtained from
www.BullfrogGold.com, emailing info@BullfrogGold.com or calling (970) 628 -
1670.

David Beling, President, CEO & Director

Cautionary Note Regarding Forward Looking Statements

This press release may contain 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. 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
sufficient 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 from
time to time with the United States Securities & Exchange Commission. This
press release is not an offer to buy or sell securities.

The Bullfrog Gold Corp. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=16223


company logo
 
Press spacebar to pause and continue. Press esc to stop.