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Peter Epstein

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  • Solid Investment Potential In Nevada's Modern-Day Gold Rush [View article]
    GRAND JUNCTION, Colo., Jan. 16, 2013 (GLOBE NEWSWIRE) -- Bullfrog Gold Corp. (OTCBB:BFGC) ("Bullfrog" or the "Company") is ready to start its third drill program at the Newsboy Gold Project ("Project") located 45 miles NW of Phoenix, Arizona. A 30-hole drill program in the area of the main Newsboy deposit and the new Queen of Sheba exploration target area is scheduled for completion by early April 2013. Thereafter the Company intends to engage an independent firm to update estimates of mineral resources on all Project lands. The Company also plans to complete a fourth drill program before mid-June 2013 to further explore and expand resources.

    Drilling approximately 12 holes is scheduled to start towards the end of January 2013 on a State of Arizona Exploration Permit and the two leased patents described in the December 17, 2012 press release. Completing the remaining 18 holes on Federal lands is awaiting imminent approvals from the U.S. Bureau of Land Management and from the Arizona Department of Water Resources. On January 11, 2013 the Company was issued an Authority to Operate under an updated General Permit, thereby fulfilling all requirements of the Maricopa County Air Quality Department for this third program.

    Layne Christensen of Chandler, Arizona completed the first two drill programs on the Project during 2012 and has been engaged for this third program. Skyline Labs of Tucson, Arizona will continue to provide analytical services. Clive Bailey, CPG will continue to plan and manage field operations and provide sample and assay quality assurances and controls in accordance with United States and Canadian standards.

    The program is designed to further explore the higher grade zones intersected in the main deposit area during the first two drill programs. The Company is also excited about drilling the Queen of Sheba exploration target area, where mineralization appears to be higher grade than in the main deposit.
    Jan 16 11:52 AM | Likes Like |Link to Comment
  • Solid Investment Potential In Nevada's Modern-Day Gold Rush [View article]
    Bullfrog's announcement today sets the stage for a BIG catalyst later this year. The drilling campaign described in the press release could find ample gold resources, enough size and/or quality to warrant a re-rating of the stock substantially higher.

    The chances of a successful drill campaign are good, that's why merchant bank RMB was willing to loan $4.2 million specifically for the Newsboy project. It's highly unusual that a party is willing to loan money to an exploration stage company unless that party believes a mine is likely to be developed. The three year term of the loan is telling, RMB must have felt that 3 years was sufficient time to largely de-risk the Newsboy project. A strong vote of confidence for a junior gold miner.

    I'm spending an entire day with David Beling and a senior geologist at the Newsboy site near Phoenix, AZ tomorrow. I will update this board on Thru night or Friday....
    Jan 16 11:45 AM | Likes Like |Link to Comment
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