Bullfrog Gold Corp Completes Phase 4 Drilling at Newsboy Project
GRAND JUNCTION, Colo., Feb. 3, 2014 (GLOBE NEWSWIRE) -- Bullfrog Gold Corp
(BFGC:OTCQB) ("Bullfrog" or the "Company") is pleased to announce results from
its phase 4 drilling program at the Newsboy Gold Project ("Project") located
45 miles NW of Phoenix, Arizona. Sixty-eight holes and 3,364 feet of drilling
were completed in the Queen of Sheba exploration target, which is about 2.5
miles NW of the Main Newsboy deposit. Eighteen holes and 864 feet of drilling
were completed in the RUS area, which is about 4.5 miles west of the Main
deposit. These holes were percussion drilled to an average depth of 49 feet
with a small tracked blast hole rig to test shallow mineralization. Drilling
started on December 3 and was completed on December 15, 2013.
Queen of Sheba Area
Prior to the phase 4 program, drill data in the Queen of Sheba area consisted
of one hole cored in 1995 that intersected 16 feet of 0.024 gold opt, 6 feet
of 0.038 gold opt and 2 feet of 0.124 gold opt, all within 37 feet of the
surface in the Central sub-area. The Company's phase three program included
twelve holes drilled in early 2013 using a reverse circulation rig. One of
these holes was located 20 feet north of the 1995 core hole and intersected 25
feet of mineralization that averaged 2.8 gold ounces per short ton (opt)
starting at the surface. However, a vertical hole drilled about 12 feet NW
from this high grade hole contained two 10 foot intercepts that averaged 0.027
gold opt within 30 feet of the surface. Four additional holes within 120 feet
of the high grade hole confirmed a mineralized zone that averaged 18 feet in
thickness and a grade of 0.028 gold opt within 26 feet of the surface. Another
hole was located about 450 feet northeast and contained 10 feet of 0.079 gold
opt at a depth of 35 feet. The Queen of Sheba area also contains several
historic shallow shafts and pits and short adits having unrecorded production
of minor tonnages. Phase 3 drilling also intercepted interesting host rocks
that contained 10 to 20 feet of mineralization in three holes at depths from
325 to 400 feet deep and grading from 0.019 to 0.072 gold opt, however further
study is required to justify additional drilling in this deep zone.
Thirty eight of the 68 holes drilled in the Queen of Sheba area contained
mineral intercepts greater than 0.015 gold opt, as summarized below for five
Sub-Area Total Mineral Mineral Thick/ Gold Mineral Bottom
Ft from Central Holes Holes Hole, Avg Ft. Avg. Opt Depth, Avg. Ft.
Central 37 32 19.2 0.056 27.1
Northeast - 350' 12 2 7.0 0.044 35.0
Southwest - 700' 7 4 8.8 0.051 28.0
South - 450' 4 0 - - -
Southeast - 700' 6 0 - - -
Although the shallow Central mineralized zone is open to the NE and SW and had
a few high grade assays, this area is small and contains less than 45,000 tons
of mineralized rock. The Northeast and Southwest sub-areas currently do not
contain any significant tonnages of mineral and the South and Southeast
sub-areas contained no mineral above the cutoff grade.
Prior to the phase 4 program, data in the RUS area included assays from
trenching and drilling that were completed in 1985 by Labradex Mining Company.
Assay results from the 1985 program and the Company's 2013 drilling using a
cutoff grade of 0.015 gold opt are summarized below.
No. Holes/ No. Mineral Mineral Width/ Gold Mineral
Year Trenches Holes/Trenches Thick., Avg. Avg. Opt Avg. Ft
Trenches 14 3 20.0 0.079 Approx. 10
Holes 11 2 22.5 0.123 205
Holes 18 4 7.0 0.038 35
Drilling & Sampling Procedures and Results
All drilling was performed using rotary air blast methods. Drill cuttings were
sampled at intervals of 7 feet and split to typically produce 15-pound
representative samples for further preparation and assaying. All field sample
splits were collected, bagged and tagged under the direct supervision and
custody of Clive Bailey, CPG, Qualified Person and Lead Project Consultant.
Sample splits were loaded on trucks operated by Skyline Laboratories,
transported to their facility in Tucson, Arizona and initially assayed for
gold and subsequently for silver in select higher grade intercepts. In
compliance with US and other international QA/QC procedures, separate blank,
duplicate and standard samples were randomly submitted and assayed with the
drill sample splits.
During the first quarter of 2014 the Company plans to reclaim the relatively
small areas in the Main, Queen of Sheba and RUS areas and recover cash
reclamation bonds posted with the US Bureau of Land Management for drill
phases 3 and 4. However such activities in the RUS area will include minor
excavation and concurrent reclamation of new trenches to further assess the
potential in this area.Reclamation has been completed and cash bonds have
been returned for the Company's drill phases 1 and 2. The Company also expects
to complete by mid-February 2014 its analyses of a Technical Report on the
Newsboy Project recently prepared by SRK Consulting of Denver, Colorado.
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. The Company also has two highly-prospective properties in Nevada, one of
which is in the Bullfrog Mining District that produced 2.3 million ounces of
gold between 1988 and 1998. The Company's Klondike Project in Nevada has
shallow occurrences of silver with potential base metal and barite byproduct
credits. More information on the Company and its projects may be obtained from
www.BullfrogGold.com, or by emailing info@BullfrogGold.com.
The Bullfrog Gold Corp. logo is available at
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.
CONTACT: David Beling, PE, President, CEO & Director
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