This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Bullfrog Gold Corp To Resume Drilling At Newsboy Project In Arizona

GRAND JUNCTION, Colo., Nov. 18, 2013 (GLOBE NEWSWIRE) -- Bullfrog Gold Corp (OTCBB:BFGC) ("Bullfrog" or the "Company") is pleased to announce a phase 4 drill program at its Newsboy Gold Project ("Project") located 45 miles NW of Phoenix, Arizona. Drilling is scheduled to start in early December 2013 and finish before year end.

At least 62 vertical and angled holes will be percussion drilled to depths up to 60 feet. The program is specifically designed to explore shallow mineralization that has been identified from surface sampling and reconnaissance programs, trenches and upper mineral intervals in existing holes. Below is a summary of holes proposed in three specific exploration target areas.

Table 1
Proposed Phase 4 Drill Program
Exploration Area No. of Holes Land Status
RUS 15 Mining Claims
S-6 7 Mining Claims
Queen of Sheba 20 Mining Claims
" "   " 20 Adjacent Lease on Patents

A map of the Newsboy main deposit and eight exploration areas may be viewed on the Company's website (see November 5, 2013 press release or latest power point presentation) or at the link http://media.globenewswire.com/cache/23930/file/23048.pdf .

In 1985 Labradex Mining Company explored the RUS area by drilling 2,435 feet in 11 holes and sampling 14 trenches and several historic prospect pits. Labradex discovered a near surface gold-bearing vein system having a strike length of more than 2,600 feet and a typical dip of 45 degrees. The Company plans to drill 15 holes in the areas deemed most favorable and for possible strike extensions. Significant sample lengths and gold grades obtained in a Labradex report are shown in Table 2.

Table 2
RUS Area Surface Sampling Results
Sample Location Intercept, ft. Gold opt
Trench 5 20 0.048
 Nearby old pit 4 0.120
 "   "   " 2 0.120
 "   "   " 5 0.076
     
Trench 8  10 0.040
     
Trench 10 7 0.053
 Nearby old pit  4 0.290
 "   "   " 3 0.088
 "   "   " 5 0.100

High grade, shallow gold was intersected in one drill hole and surface samples of outcrops and prospect pits in the Queen of Sheba exploration area (see press release of February 25, 2013), but holes spaced 50 feet from this high grade showed continuity of mineralization but not of high grade. Twenty close-spaced holes will be drilled on the 38 acres of patented land and twenty holes on adjacent mining claims in the Queen of Sheba area. Table 3 shows all the shallow intercepts drilled in early 2013.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs