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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV