Bullfrog Gold Corp.


Ticker Symbol: BFGC

Bullfrog Gold Corp. (OTCQB: BFGC) is a gold exploration and development firm focused on its Bullfrog Gold Project located 120 miles northwest of Las Vegas, Nevada.

Company Overview

Bullfrog Gold Corp. (OTCQB: BFGC) is a gold exploration and development firm focused on its Bullfrog Gold Project located 120 miles northwest of Las Vegas, Nevada. Between 1989 and 1999, Barrick Bullfrog Inc. produced 2.3 million ounces of gold averaging 2.9 grams per tonne ore. The company believes that there are an additional 470,000 ounces of gold remaining immediately around Barrick’s mines, plus the project has strong exploration potential. Based on the company’s $45 of market cap per ounce of gold in the ground, the company is significantly undervalued to many peer companies having heap leach projects.

The company acquired 79 claims and two patents, optioned 12 patents from Mojave Gold, and leased/optioned 20 claims and six patents from Barrick Bullfrog Inc. between 2011 and 2016. Depending on funding, permits, and a bankable feasibility study, the company plans to complete a feasibility study by mid-2018 and begin commercializing the project in 2019.

Investment Highlights

  • Strong Gold Prices. Gold prices rose from around $500 in 2000 to nearly $2,000 by late-2011. Since then, prices moved lower before rebounding to about $1,350 per ounce. The price of gold varies depending on a combination of inflation expectations and market uncertainties, but the long-term prospects of the precious metal are supported by global rising interest rates and inflation.
  • Favorable Mine Attributes. The Company estimates that there are 469,961 ounces of gold remaining at an average of 0.89 grams per ton. Column leach tests recovered 75%+ of the gold at a -3/8-inch crush within 45 days and 54% recovery at 12 inches (a size that simulates run-of-mine heap leaching) in 90 days. In addition, the company doesn’t anticipate environmental, permitting, legal, taxation, socio-economic, marketing, or other circumstances that would impact development and operations.
  • Existing Infrastructure. The Company’s mine has existing infrastructure that could accelerate its development timeline and reduce costs. Since it was a previously active mine, the site has electrical transmission lines and a sub-station onsite, as well as a paved highway, suitable access roads, and in-pit hauling ramps. The Town of Beatty is also just four miles away, which provides adequate amenities and services. Finally, nearly all mine waste can be backfilled, which reduces waste haulage costs and avoids large waste dumps.
  • Experienced Management. The Company has an experienced management team capable of executing the project and generating significant shareholder value. Chairman and Director Alan Lindsay has over 25 years of experience in the mining industry and has founded several public companies. President and CEO David Beling has over 50 years of experience with major and junior mining firms, engineered or managed 20 mines and 14 plants, and has served as director at 14 U.S. and Canadian mining companies since 1981.

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