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NetworkNewsAudio – Bullfrog Gold Corp. (CSE: BFG) (OTCQB: BFGC) (FSE: 11B) Poised to Capitalize on Heightened Industrial Demand for Gold

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Whoever has the gold, makes the rules—this expression seems apt for 2020, as a confluence of factors has analysts predicting a "golden year" for the mining industry. Three decades of dwindling gold mine discoveries combined with increased industrial demand for gold across numerous industries has put a serious floor under the recent rise of the […]

Whoever has the gold, makes the rules—this expression seems apt for 2020, as a confluence of factors has analysts predicting a "golden year" for the mining industry. Three decades of dwindling gold mine discoveries combined with increased industrial demand for gold across numerous industries has put a serious floor under the recent rise of the gold price.

  • Gold price up 18.4 percent in 2019 and up about 44 percent since 2018 lows
  • Many analysts see gold going to $3,000 and as high as $10,000 per ounce.
  • COVID-19 impact and global market of near zero interest rates paints very bullish picture for gold prices, as well as safe haven demand.
  • Three decades of underinvestment and over-regulation has resulted in a shortage of new economic discoveries, even as demand from new sources begins to inexorably devour more of finite global production.

Operating in one of  the world's premiere mining jurisdictions, Bullfrog Gold Corp. (CSE:BFG) (OTCQB:BFGC) (FSE: 11B) (BFG Profile) controls the mineral rights to a strategic 5,000+ acre land package with exceptional exploration and development characteristics. Located 125 miles Northwest of Las Vegas, the area was ranked number one on the Fraser Institute's 2018 Investment Attractiveness Index. Within the last year or so, mining giant Barrick Gold Corp (NYSE:GOLD) merged with Randgold Resources and combined its Nevada assets with Newmont Mining, creating a true juggernaut with six of the global top ten tier-one gold assets under its thumb (three of which are in Nevada). Coeur Mining Inc. (NYSE:CDE) purchased Northern Empire for US$90 million and spent much of the last 18 months pursuing expansion drilling programs on this property located a few miles east of BFGC. Corvus Gold Inc. (TSX.V: KOR) (OTCQX:CORVF), another major player in the Beatty, Nevada area, has seen a significant expansion of the company's Mother Lode resource position surrounded by Coeur Mining, as well as significant land and resource positions in the North Bullfrog Mining District located a few miles north of BFGC lands. AngloGold Ashanti Limited (NYSE:AU) recently secured the purchase of the Silicon project from Renaissance Gold for a reported $3 million and plans to roll out a sizeable 109 site phase one drilling program across the 3,630-acre project area, mainly located a few miles east of BFGC but also on its lands adjacent to BFGC's western land boundary.

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About Bullfrog Gold Corp.

Bullfrog Gold Corp. is a Delaware corporation that controls the commanding land and mineral positions in the Bullfrog Mine area where Barrick produced 2.3 million ounces of gold by conventional milling beginning in 1989 and ending in 1999. Measured and indicated 43-101 compliant resources were estimated in mid-2017 by Tetra at 525,000 ounces of gold, averaging 1.02 gold g/t in base case pit plans using a $1,200 gold price and 72% heap leach recovery. Inferred resources within these pit plans were estimated at 110,000 ounces of gold averaging 1.2 g/t.

It is notable that gold prices are currently $500 higher than the $1,200 estimate used in the 2017 estimates, and column leach tests on four bulk samples achieved an average 85.8% recovery using HPGR's to produce a much finer, more fractured heap feed (minus 1/16-inch) compared to the 70.7% recovery from conventionally crushed product to -3/8-inch.  Additional technical and corporate information may be sourced at www.BullfrogGold.com.

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

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