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.
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