Bullfrog Gold Completes Phase 3 Drilling At Newsboy Project
GRAND JUNCTION, Colo., April 2, 2013 (GLOBE NEWSWIRE) -- Bullfrog Gold Corp (OTCBB:BFGC) ("Bullfrog" or the "Company") is pleased to announce results from its Phase 3 drill program at the Newsboy Gold Project located 45 miles NW of Phoenix, Arizona.
Prior to the Phase 3 program, data on the Queen of Sheba area consisted of helpful but limited assays of outcrops and 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. The area also contained five shallow old shafts and two short adits that indicated mineralization of great interest. A new angled hole was located 20 feet north of the 1995 core hole and intersected 25 feet of 2.8 gold ounces per short ton (opt) starting at the surface. Drill cuttings from this high grade have been examined and found to contain free gold in granular and wire forms about 40 mesh in size and within a matrix of quartz and specular hematite.
A subsequent vertical hole was drilled about 12 feet NW from this high grade hole, but had two 10 foot intercepts that only averaged 0.027 gold opt within 30 feet of the surface. Four additional holes within 120 feet of the high grade hole confirmed a continuous 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 540 feet northeast and contained 10 feet of 0.079 gold opt at a depth of 35 feet. As a result, much additional shallow angle and vertical drilling will be required to fully explore this narrow high grade structure and better define the limits of the lower grade but important continuous mineralization.
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