MiningNewsBreaks – Bullfrog Gold Corp. (OTCQB: BFGC) (CSE: BFG) (FSE: 11B) Enters into Definitive Agreements with Augusta, Barrick
Oct 13, 2020
Bullfrog Gold (OTCQB: BFGC) (CSE: BFG) (FSE: 11B), a corporation engaged in the acquisition, exploration and development of gold and silver properties in the United States, announced that it has signed definitive agreements with Augusta Investments Inc. (“Augusta”) and certain Barrick Gold Corporation subsidiaries (“Barrick”). These agreements are connected with an earlier announcement Bullfrog made regarding acquiring rights to 1,500 acres that adjoin the company’s Bullfrog Gold Deposit from Barrick; the agreements also note that Augusta and certain individuals identified by Augusta will complete a C$22 million investment in Bullfrog. The agreements also outline various Board of Directors and company management appointments. Barrick and Augusta will become significant shareholders in Bullfrog when the transactions are finalized, which is expected during the fourth quarter of 2020, subject to customary conditions. “We are delighted to announce the signing of the definitive agreements and are encouraged by the positive market reaction to the announcement of the binding term sheet in respect of the transaction,” said Bullfrog CEO and president David Beling in the press release. “Bullfrog will be well funded to expedite the exploration and development of the Bullfrog project, and we are excited to welcome our new cornerstone shareholders, Barrick and Augusta.”
To view the full press release, visit https://ibn.fm/lpUei
About Bullfrog Gold Corp.
Bullfrog Gold is a Delaware corporation that currently controls the commanding land and resource positions in the Bullfrog Mine area where Barrick produced 2.3 million ounces of gold by mining and conventional milling beginning in 1989 and ending in 1999 when ore reserves were depleted. Measured and indicated 43-101 compliant resources were estimated in mid-2017 by Tetra Tech Inc. at 525,000 ounces of gold, averaging 1.02 gold g/t in base case plans of the MS and Bullfrog pits. Most of these resources are in the north extension to the Bullfrog pit. Inferred resources were estimated at 110,000 ounces of gold averaging 1.2 g/t, of which most were in the Mystery Hill area adjacent to the Bullfrog pit and where 17 additional holes were recently drilled. It is noted that the 3-year trailing average gold price is more than $200 higher than the $1,200 average price used in 2017. The resource estimates were also based on a heap leach gold recovery of 72% at a minus 3/8-inch feed size compared to the average 85% leach test recoveries recently achieved on four bulk samples sized at minus 1/16-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://ibn.fm/BFGC
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
To receive SMS text alerts from MiningNewsWire, text “BigHole” to 21000 (U.S. Mobile Phones Only)
For more information, please visit https://www.MiningNewsWire.com
Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.MiningNewsWire.com/Disclaimer
MiningNewsWire
Los Angeles, California
www.MiningNewsWire.com
310.299.1717 Office
[email protected]
MiningNewsWire is part of the InvestorBrandNetwork.
More News
Dole orders safety measures for riders amid extreme heat
MANILA, Philippines — The Department of Labor and Employment (Dole) on Tuesday issued guidelines requiring delivery platforms to implement safety measures as heat levels rise, including limiting or suspending deliveries under dangerous conditions. Labor Advisory No. 20, Series of 2026, signed by Labor Secretary Francis Tolentino on Oct. 27, sets safety protocols for employers and
Engineer: Martin Romualdez not among kickback recipients
MANILA, Philippines — A public works engineer who admitted to collecting and counting alleged kickbacks from Bulacan flood control projects said on Tuesday that former House Speaker Martin Romualdez was not among the recipients. Engineer John Carlo Rivera, who worked under former Department of Public Works and Highways (DPWH) District Engineer Henry Alcantara, testified to this
Cooler days seen as Pagasa declares onset of ‘amihan’ season
MANILA, Philippines — The state weather bureau on Tuesday officially declared the onset of the northeast monsoon or “amihan” season, which is expected to cause cooler weather, episodes of cold surges, and rough sea conditions. The Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) said that the “amihan” will become the dominant weather system affecting
NCRPO warns public vs fake priests in cemeteries soliciting money on Undas
MANILA, Philippines—The National Capital Region Police Office (NCRPO) warned the public against individuals posing as priests to solicit money for religious services during All Saints’ Day and All Souls’ Day (Undas). The NCRPO issued the advisory as thousands of families are expected to visit cemeteries, memorial parks and columbaria across Metro Manila for the observance.
Hontiveros calls for hydration facilities amid Super El Niño
MANILA, Philippines — Sen. Risa Hontiveros on Tuesday urged local government units (LGUs) and the private sector to set up hydration stations and cooling centers in public spaces amid Super El Niño. Hontiveros, head of the Senate Committee on Health and Demography, said reporting the day’s heat index alone was not enough and that people
Carlos files cyberlibel complaint vs. Tarriela, Logico
MANILA, Philippines — Former National Security Adviser Clarita Carlos has filed a cyberlibel complaint before the National Bureau of Investigation (NBI) against Philippine Coast Guard spokesperson for the West Philippine Sea (WPS) Rear Adm. Jay Tarriela and Philippine Military Academy Superintendent Lt. Gen. Michael Logico, NBI director Melvin Matibag confirmed. Matibag confirmed the development when
Dizon tells new DPWH chief Lopez: ‘Pay close attention to Bulacan’
MANILA, Philippines — Former Public Works and Highways Secretary Vince Dizon on Tuesday asked Secretary Giovanni Lopez to closely monitor flood control projects and other developments in Bulacan as the latter assumes leadership of the agency. During a turnover ceremony of the Department of Public Works and Highways (DPWH), Dizon presented several unfinished flood control and
Cloudy skies, rain showers expected in parts of Luzon due to ‘amihan’
(Satellite image from Pagasa) MANILA, Philippines — The northeast monsoon ‘amihan’ is forecast to affect several parts of Northern Luzon until Wednesday, according to state weather bureau. READ: ‘Amihan’ season expected to begin between Oct. 22 – 30, says Pagasa Pagasa previously said that the amihan season, which brings cooler and drier air, may begin
Castro dubs fake news peddlers ‘gremlins’ that keep multiplying
MANILA, Philippines — Palace Press Officer Claire Castro on Tuesday likened fake news peddlers to “gremlins” that multiply, even when it is not raining. This playful comparison came as Castro vowed a fiercer fight against fake news that she believes are meant to bring down the administration and President Ferdinand Marcos Jr. READ: Claire Castro stays;
School violence prevention must begin at home – study
MANILA, Philippines — The findings of a new international study challenge the familiar belief that corporal punishment produces more disciplined children, with the lead researcher in the Philippines pointing out that preventing school violence depends on addressing children’s relationships at home and in school. Dr. Liane Peña Alampay of Ateneo de Manila University said in
Caraga seafood prices vary sharply between coastal, inland towns
SAN FRANCISCO, Agusan del Sur — How much consumers pay for seafood in the Caraga region depends heavily on whether they live by the sea or deep inland, regional market data showed. A price monitoring report by the Bureau of Fisheries and Aquatic Resources (DA-BFAR) Caraga revealed a stark economic divide during the second week
Four arrested in anti-illegal fuel operation in Batangas
LUCENA CITY — Four men were arrested for allegedly engaging in the unauthorized transfer and trading of petroleum products during an anti-illegal fuel operation in the Batangas town of Bauan on Tuesday (Oct. 27), police said. The operation stemmed from a tip received by the Batangas Police Provincial Office (BPPO) Intelligence Unit regarding the illicit
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.