Thursday 5 July 2012

BFGC (Bullfrog Gold Corp.)

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BFGC (Bullfrog Gold Corp.)

Contact Info
  • 897 Quail Run Drive
  • Grand Junction, CO 01505
Business Description
Bullfrog Gold Corp., an exploration stage company, engages in the acquisition and exploration of gold properties in the United States. It holds interests in the Newsboy project comprising 5,240 acres of state and federal lands located northwest of Phoenix, Arizona; and Bullfrog Gold project covering 1,650 acres of mineral claims and patents situated in northwest of the town of Beatty, Nevada. The company is headquartered in Grand Junction, Colorado.


Bullfrog Gold Corp is a publicly traded mineral exploration company with gold projects in Arizona and Nevada. As of March 31, 2012, the Company's capital structure consists of 34,500,000 shares issued and outstanding (common and preferred) with $1.4 million in cash and no debt.

Bullfrog Gold Corp’s executive management and technical teams are led by David Beling, President and CEO. David Beling has 48 years of experience with all stages of mineral exploration, mining and processing including the engineering and management of 12 open pit mines, 9 underground mines and 14 process plants for junior and major mining companies. Mr. Beling has been directly involved with developing six junior mining companies and served on the Boards of 13 mining companies starting in 1981. Ty Minnick, a CPA with 18 years experience is VP Administration and Finance. Qua lified geologists Clive Bailey, Chip Allender and Joe Wilkins have been contracted to explore and develop Bullfrog’s two projects and evaluate potential acquisitions.

Bullfrog Gold Corp. has a strong asset portfolio with large prospective gold exploration projects located in prolific mining districts within the Southwestern USA. Mr Bailey and Mr. Wilkins have both had extensive experience with the exploration of Bullfrog Gold Corp's two key mineral exploration projects; the Newsboy Gold Project in the Vulture Mountains of central Arizona and the Bullfrog Gold Project in the Walker Trend of southwestern Nevada.

Featured Project

Newsboy Gold Project, Arizona

Location:
  • 10 miles SE of Wickenburg, Arizona
  • 45 miles NW of Phoenix, Arizona
Land Holdings:
  • 5,240 acres
  • 90 lode claims
  • 12 placer claims
  • 4 state exploration permits
Results: 1987-1992
  • 31,850 feet drilled in 154 holes
  • Environmental permitting initiated
  • 5.3 million tons of shallow mineral at 0.044 gold opt and 0.64 silver opt
  • $5+ million invested

Project Overview
The Newsboy project is located 10 miles from the Vulture Mine, one of the largest and highest grade gold mines in Arizona and is within 25 miles of the historical production of 1.2 million ounces of gold and 1 million ounces of silver. More than $5 million was invested from 1987 through 1992 to advance the Newsboy Project feasibility, including submittal of Federal and State environmental permit applications. Historic resources were estimated to contain 235,000 ounces gold and 3.4 million ounces silver in 5.4 million tons.
Eight highly prospective exploration targets are yet to be tested. The Company has a comprehensive exploration program that includes further drilling, metallurgical testing, updating environmental permit applications and completion of a preliminary feasibility study in early 2012.
The Company currently has no known reserves on its Newsboy Gold Project.  In 1942 11,000 tons of ore averaging 0.07 gold opt and 8.0 silver opt were shipped to smelter in Arizona.