Sunday, May 27, 2018

Corporate Profile

Bullfrog Gold Corporation's corporate profile

Corporate Overview
Stock Symbol
BFGC
Stock Exchange
OTCQB
Date of Listing
July 23, 2011
Head Office
897 Quail Run Drive
Grand Junction, CO 81505
Incorporated
Delaware
Transfer Agent
Empire Stock Transfer, NV
Auditor
Peterson Sullivan LLP, WA
Subsidiaries
Standard Gold Corp, 100%
Rocky Mountain Minerals Corp, 100%
 

Bullfrog Gold Project – 120 miles NW of Las Vegas, Nevada

Bullfrog Gold Corp. controls the commanding land and resource positions in the Bullfrog Mining District of Nevada, including the Montgomery-Shoshone (M-S) and northern third of the Bullfrog deposits. Barrick Bullfrog Inc. recovered more than one million ounces of gold from lands now controlled by BFGC and 2.3 million total ounces from the Bullfrog area, but terminated operations in 1999 when gold prices were less than $290/oz.

 

BFGC is the only entity since 1999 to examine the Barrick data base, which includes 155 miles of drilling in 1,262 holes. Tetra Tech Inc. recently estimated NI 43-101 compliant measured and indicated resources at 525,000 ounces averaging 1.02 g/t using a gold price of $1200/oz, or an equivalent 0.36 g /t cutoff grade within a base case pit shell.  Inferred resources were estimated at 110,000 ounces averaging 1.20 g/t. These average and cutoff grades are higher than most other heap leach operations and projects in the U.S.A. The estimates are supported by closely spaced drill holes which Barrick used to estimate their proven and probable ore reserves. BFGC has also identified significant additional mineralization around the existing pits and defined several exploration targets that could further enhance the Project. Project infrastructure and attributes include suitable access roads and pit ramps, powerline and substation on site, a paved state highway that crosses the property, ample water under the Bullfrog pit, thoroughly oxidized mineral and waste rock having no acid generation potential, a town of 1,000 people only 4 miles away and amenability to backfill nearly all waste rock in the Bullfrog Pit, thereby minimizing new environmental impacts.

 

Pilot heap leach tests performed by Barrick on 844 tons containing 0.59 g/t and crushed to -1.5-inch recovered 67% of the gold in only 41 days of leaching. Crushing to -3/8 inch yielded gold recoveries up to 76%. A 22-ton composite of minus 12-inch uncrushed material was column leached and remarkably recovered 49% in only 59 days of leaching. The latter recovery supports a cutoff grade of 0.2 g/t and provides an additional 99,000 averaging 0.26 g/t within the base case pit shell. Barrick processed all ores through a 9,000 tpd cyanidation mill and used gold cut-off grades of 0.5 g/t for pit ore and 3.0 g/t for underground ore. Heap leaching now allows low cost production using much lower cut off grades. In summary, the Company has a market capitalization per ounce of measured and indicated resources of less than $25 whereas most peer companies are considerably higher.

  

Management

David Beling, President and CEO is a Registered Professional Mining Engineer with 54 years of experience, including engineering, development, permitting, construction, financing and management of 12 open pit mines, 9 underground mines, 14 process plants and the building and growth of several corporations. His initial employment included 14 years with Phelps Dodge, Union Oil, Fluor, United Technologies and Westinghouse, then 40 years of senior management and consulting with 25 junior base and precious metal mining companies. Mr. Beling has examined, significantly reviewed or been involved with 88 underground mines, 131 open pit mines and 164 process plants. Ten years ago he spearheaded an IPO, drove equity raises totaling C$112 million and grew that company’s market capitalization to US $460 million. Mr. Beling has served on fourteen Boards since 1981, including three mining companies distinguished by the TSXV Exchange as top-10 performers.