Bullfrog Gold Corp. (CSE: BFG) (OTCQB: BFGC) (FSE: 11B) is “One to Watch”

Jun 10, 2020

  • The Bullfrog Gold Project is located in Nevada, the world’s most attractive mining jurisdiction, according to the Fraser Institute (http://nnw.fm/M33ak).
  • M&I gold resources were independently estimated at 624,000 ounces, with a further 110,000 ounces of inferred resources
  • Barrick Gold produced approximately one million ounces of gold from the lands now controlled by Bullfrog Gold, terminating operations in 1999 when gold prices fell below $290/oz.
  • On May 29, 2020, the company was valued at $39 in terms of market cap /oz of M&I gold resources, a steep discount relative to the $130+/oz on for which Northern Empire was sold in 2018 (now NYSE: CDE) and Corvus (TSX: KOR) is currently valued using similar resource estimation criteria.
  • The company recently completed a private placement of primary shares in January 2020, raising C$2.0 million. The proceeds will be used to complete work commitments necessary to purchase the Barrick lands and further its exploration and development activities.
  • The company is well-positioned to capitalize on the growth in demand for gold, as well as the recent positive price action within the precious metals space.
  • Bullfrog Gold Corp. was featured as a key recommendation in Nick Hodge’s Early Advantage newsletter on May 28, 2020, an influential investment newsletter highlighting high-potential small-cap companies.

Bullfrog Gold (CSE: BFG) (OTCQB: BFGC) (FSE: 11B) is a Delaware corporation engaged in the acquisition, exploration and development of gold and silver properties in the United States. The company controls strategic lands with established 43-101 compliant resources in one of the most exciting gold exploration areas in the United States. The Bullfrog Gold Project (“Project”) includes a lease/option on much of the lands where Barrick Bullfrog Inc., a subsidiary of Barrick Gold Corp., produced more than 2.3 million ounces of gold and 2.49 million ounces of silver from 1989 to 1999. The Project is located within the prolific Walker Trend about 125 miles northwest of Las Vegas, Nevada.

Project Highlights

  • The company initially acquired 79 unpatented claims and two patents in mid-2011 and has since staked, leased, optioned, or purchased lands that now total 5,250 acres. Via a 2015 lease/option with Barrick, the Project includes the northern one-third of the Bullfrog deposit where most of the current resources in the Bullfrog mine area occur, along with their interest in the Montgomery-Shoshone deposit which gave the company 100% control.
  • In mid-2017, a NI 43-101-compliant report by independent mining consultancy Tetra Tech Inc. estimated measured and indicated (“M&I”) resources of 624,000 ounces of gold and 1.73 million ounces of silver at average grades of 0.70 g/t and 1.93 g/t, respectively. The expansion plans of these two pits were based on a $1200 gold price, use of heap leach processing, and also included 110,000 ounces of inferred gold resources averaging 1.20 g/t. Barrick used conventional milling to process an average gold grade of 3 g/t.
  • The established resources and exploration potential of the Project are strongly supported by a large data base obtained from Barrick, including detailed information on 155 miles of drilling in 1,262 holes in the Bullfrog mine area.

Gold Rush in the Bullfrog Territory

The area around Beatty, Nevada has now attracted AngloGold Ashanti, Kinross Gold, Corvus Gold, Coeur Mining as well as the company and Waterton. In this regard, Northern Empire Resources Corp’s property located a few miles east of the Project was acquired by Coeur Mining in October 2018 for C$117 million, implying a…

Read More>>

NOTE TO INVESTORS: The latest news and updates relating to BFGC are available in the company’s newsroom at http://nnw.fm/BFGC

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
[email protected]

NetworkNewsWire is part of the InvestorBrandNetwork.

Recent News

YOUR NEWS, OUR NETWORK.

Do you have Great News you want to tell the world?

Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.

Planned cut to bank hours sparks debate among customers

A planned 30-minute reduction in bank branch hours is drawing mixed reactions from customers, with many worrying that shorter service hours could make it harder to get in-person banking services. Under a tentative labor-management agreement reached Monday, bank branches will open at 9:30 a.m. starting April next year, instead of the current 9 a.m., while closing hours will remain unchanged at 4 p.m. Some customers said the shorter hours could worsen already long waits as banks continue to reduce the number of branches and staff. "Even when I go in the morning, there are already long lines, and there are fewer employees available during lunch breaks. I don't understand why they are shortening the hours. If anything, they should keep the branches open until later," said Park, an office worker in Seoul. Some online users suggested that if banks are going to shorten their operating hours, they should instead open later and close later, saying longer evening hours would make it easier for office workers to visit branches after work. The issue is particularly relevant for customers looking for

Planned cut to bank hours sparks debate among customers

Starlink Wi-Fi raises cost dilemma for LCCs

Korea’s low-cost carriers (LCCs) are caught in a dilemma over rising demand for Starlink in-flight Wi-Fi, as the service carries hefty installation and operating costs for most budget airlines. Korean Air started introducing the service for the first time among local carriers in mid-September, initially focusing on long-haul routes. The flag carrier is expected to face few difficulties in expanding the service across its fleet stably due to the airline’s stronger financial resources than LCCs. Korean Air plans to expand its free Wi-Fi service to most of its fleet by the end of 2027 following its integration with Asiana Airlines. The service will also be introduced to its LCC affiliates. Jin Air plans to begin installing Starlink on its Boeing 737-8 aircraft, while Air Busan and Air Seoul are reviewing suitable aircraft for the system. The three LCCs will be merged into converged Jin Air following the integration of Korean Air and Asiana Airlines. However, other LCCs controlled by smaller parent firms than Korean Air are widely expected to face a tougher cost challenge when introducin

Starlink Wi-Fi raises cost dilemma for LCCs

AMD chief to visit Korea next month: sources

Lisa Su, chief executive officer of Advanced Micro Devices Inc. (AMD), is expected to visit Korea next month to meet with Korean semiconductor companies and government officials, industry sources said Wednesday. The visit would come about seven months after her previous trip to Korea in March. According to government and semiconductor industry sources, a meeting attended by Su is being considered for Oct. 8 in Seoul. The meeting is expected to include the CEOs of major Korean artificial intelligence (AI) semiconductor companies, including Rebellions Inc., FuriosaAI and Mobilint. Su is also expected to meet with Science Minister Bae Kyung-hoon around the time of the meeting, the sources said. During her visit, Su is also coordinating meetings with heads of major Korean companies, including Samsung Electronics Co. When she visited in March, the AMD chief met with Samsung Electronics Chairman Lee Jae-yong. Samsung Electronics has supplied HBM3E chips to AMD for its latest AI solutions since 2025, with the two companies maintaining a close business relationship.

AMD chief to visit Korea next month: sources

Watchdog reviews Korean Air's alleged failure to maintain seat capacity

Korea's antitrust watchdog said Wednesday it has begun deliberations on allegations Korean Air Lines Co. failed to meet seat capacity requirements imposed as conditions for its takeover of Asiana Airlines Inc. The Fair Trade Commission (FTC) said its examiner's report recommended taking actions against Korean Air, its affiliate Jin Air and Asiana Airlines for providing fewer than 90 percent of the seats offered in 2019 on routes connecting the central city of Cheongju and the southern resort island of Jeju between December 2024 and December 2025. Under the merger conditions, the watchdog required the airlines to maintain seat capacity on designated routes at no less than 90 percent of corresponding 2019 levels. The report found the airlines had violated the FTC's requirements and recommended imposing penalties for noncompliance and referring the case for criminal investigation. In a separate case, an examiner's report recommended rejecting Korean Air and four affiliated airlines' request to lower the minimum seat capacity requirement from 90 percent to 70 percent of 2019 levels on routes

Watchdog reviews Korean Air's alleged failure to maintain seat capacity

Space agency chief says preparations for 5th Nuri launch on track

The chief of Korea's space agency said Wednesday preparations for the fifth launch of the homegrown Nuri rocket are proceeding as planned ahead of the launch next week. Oh Tae-seok, administrator of the Korea AeroSpace Administration (KASA), made the remarks during a meeting with reporters ahead of the launch scheduled for Oct. 7 at the Naro Space Center in Goheung, about 473 kilometers south of Seoul. "Preparations have been proceeding without any problems so far," Oh said. The Nuri rocket will carry 15 satellites, including five satellites that will form part of the country's first domestically launched microsatellite constellation. The payload consists of five New-space Earth Observation Satellite Constellations for National Safety (NEONSAT) as the primary payload and 10 CubeSats as secondary payloads. Oh stressed that a key challenge will be precisely deploying all 15 satellites from the launch vehicle and placing them into their designated orbits. "The ability to launch different satellites into different orbits is a key capability for commercial launch services, so we need to build u

Space agency chief says preparations for 5th Nuri launch on track

Hooxi Partners seeks to turn emissions cuts into revenue

Cutting greenhouse gas emissions does not automatically generate revenue. Companies must first measure and verify the reductions, then have them recognized as carbon credits before they can sell them. For smaller businesses with limited staff and capital, navigating those steps can be difficult. Hooxi Partners, a climate fintech company, was founded to help close that gap. Before establishing it in 2021, CEO Lee Haeng-youl saw an opportunity in the environmental, social and governance (ESG) market as environmental gains were difficult to measure, and businesses had few ways to turn them into financial value. He believed reliable emissions data could provide the basis for tradable carbon credits. “For carbon reduction to be sustainable, those making the cuts must receive an economic reward. Telling companies to do it because it is the right thing will not work for long,” Lee said in a recent interview with The Korea Times. That idea is reflected in the company’s slogan, “We make money from carbon credits.” Since founding the company, Lee has sought to change how businesses view

Hooxi Partners seeks to turn emissions cuts into revenue

Kazakh worker killed as concrete ceiling collapses at Seoul construction site

A Kazakhstani worker died Tuesday after part of a concrete ceiling collapsed on him at an apartment construction site in southern Seoul, authorities said. The man, in his 30s, was waiting to begin cleaning inside a unit on the 23rd floor of the site in Seoul's Seocho district when part of the concrete ceiling fell and hit him at around 9:45 a.m., according to the labor ministry. The ministry said it immediately suspended work at the site and began an investigation into the incident with police and construction safety authorities. Police and the labor ministry plan to investigate the cause of the accident and look into whether the companies involved violated workplace safety laws.

Kazakh worker killed as concrete ceiling collapses at Seoul construction site

Young Koreans use digital placebos to curb spending

Office worker Lee Joo-hyun, 25, opens a mobile app when hunger strikes, even though she is trying to lose weight. Lee browses the menu, selects food and hits the order button. A notification pops up notifying her that the food is being prepared, followed by a real-time map tracking a delivery driver picking up the meal and moving toward her home. The food, however, never arrives. Lee is not charged, either. The platform Lee used is not a standard delivery service but "FoodNeverArrives" — an application designed to simulate the ordering process. Instead of a meal, Lee receives a virtual receipt tallying the money and calories saved. "Looking at the numbers written on the receipt makes me proud. I'm happy even without eating the food," she said. As inflation remains high, digital placebos that curb impulse spending through virtual consumption are gaining popularity among budget-conscious consumers. The simulations provide a sense of satisfaction and amusement without costing money or raising health concerns. For people in their 20s and 30s who self-deprecatingly joke that "only breathin

Young Koreans use digital placebos to curb spending

Military demands NK apology over DMZ mine blast as UNC confirms Armistice violation

South Korea’s military on Wednesday demanded an apology from North Korea over a recent mine explosion in the Demilitarized Zone (DMZ) that seriously injured South Korean soldiers, calling on Pyongyang to halt its ongoing border fortification activities. The Joint Chiefs of Staff (JCS) said North Korea has continued laying mines and carrying out what it calls the “fortification of its border” near the Military Demarcation Line (MDL), saying such activities have heightened tensions along the inter-Korean border. “This is a clear violation of the Armistice Agreement and undermines the spirit of existing inter-Korean agreements, and must be stopped immediately,” the JCS said. It also urged the North to offer an apology and take “responsible measures” over the Sept. 21 blast. The United Nations Command (UNC), which conducted a joint on-site investigation with the South Korean military, said investigators found an active North Korean anti-personnel mine on the South Korean side of the MDL. “Based on the findings of the investigation, UNC determined that an Armistice Agreement v

Military demands NK apology over DMZ mine blast as UNC confirms Armistice violation

Less than half of S. Koreans say unification with N. Korea necessary: poll

Less than half of South Koreans believe unifying the divided Koreas is necessary, a poll showed Wednesday, marking the second consecutive year that those in favor of unification fell short of 50 percent. According to the poll conducted by the Korea Institute for National Unification, 48.2 percent of those surveyed said unification with North Korea is necessary. The reading also marks a slight drop from 49 percent in 2025. By age, over 60 percent of those born in 1960 or before said unification with North Korea was necessary, while less than 40 percent of those born in 1991 or later said they saw the need. When asked if they agreed with an argument that unification will "not" be necessary if the two Koreas can peacefully coexist, 66.9 percent of respondents said yes, up from 63.2 percent a year earlier, according to the survey. Also, 70.3 percent of respondents said they were not interested in North Korea, marking a 2.2 percentage point increase from last year and the highest figure since the institute began conducting the annual survey in 2014. Additionally, 71.6 percent of those surveyed

Less than half of S. Koreans say unification with N. Korea necessary: poll

UN Command says Armistice Agreement violation occurred over DMZ mine blast

The United Nations Command (UNC) said Wednesday it found a violation of the Armistice Agreement has occurred over last week's mine blast inside the Demilitarized Zone (DMZ). "Based on the findings of the investigation, UNC determined that an Armistice Agreement violation occurred. UNC is addressing the violation through established Armistice mechanisms," it said in an emailed statement. The UNC said a joint investigation team with the South Korean military identified an active North Korean mine on the South Korean side of the Military Demarcation Line (MDL). "UNC remains committed to maintaining and enforcing the Armistice Agreement and fulfilling its responsibilities to preserve stability and prevent escalation on the Korean Peninsula," it said. South Korea's Joint Chiefs of Staff released Monday its preliminary findings on the joint investigation with the UNC on the Sept. 21 mine blast. It determined that North Korean resin antipersonnel mines "highly likely" caused the two explosions that injured three South Korean soldiers. Two of them suffered critical injuries. North Korea denied it

UN Command says Armistice Agreement violation occurred over DMZ mine blast

Int'l tribunal dismisses Iranian investor's $566 mil. claim against Seoul

An international arbitration body has dismissed a 770 billion-won ($566 million) damages claim by an Iranian investor against Seoul in a case stemming from a failed takeover of a Korean company, the justice ministry said Wednesday. A panel under the Hague-based Permanent Court of Arbitration (PCA) ruled in favor of Korea in the case brought by six members of Iran's Dayyani family in 2021, seeking compensation for Seoul's delayed transfer of funds over a prior arbitration, according to the ministry. The panel sided with Korea in the case and ordered the Dayyanis to pay about 4 billion won to Korea for legal expenses and around 800 million won in administrative fees, the ministry said. The original case traces back to 2015, when the Dayyanis, a major shareholder of Entekhab Industrial Group, filed for arbitration after Korea's state-run Korea Asset Management Corp. canceled a contract to sell a major stake in Daewoo Electronics to Entekhab in 2011. In a 2018 arbitration, Seoul was ordered to pay 73 billion won plus interest in compensation to the Dayyanis over the failed takeover of Daewoo

Int'l tribunal dismisses Iranian investor's $566 mil. claim against Seoul