Bullfrog Gold to Drill Klondike Silver Project

 

GRAND JUNCTION, CO - Bullfrog Gold Corp reported funding and plans to complete shallow drilling and scoping metallurgical test programs at its Klondike Silver Project located 40 miles north of Eureka, Nevada. Drilling is scheduled to be completed by July 2014. Initial metallurgical tests are scheduled to start soon after final assay results are received and should be completed by mid-September 2014.

At least 50 vertical and angled holes will be percussion drilled to average depths of 100 feet to explore shallow oxide mineralization identified within an area approximately 3,000 feet wide and 5,000 feet long. Drilling will focus on five specific areas having the greatest potential and ease of access, namely the Glory Hole/Lion Kill, Black Lizard, Copper Hill, Cougar Hill and Old Whalen Mine. These holes were located based on geochemical sampling and surface reconnaissance work completed by the Company and study of a historic geology report.

During the past few years 156 geochemical samples have been collected on the Klondike property with average contents of 32 ppm silver, 1.3 % zinc, 0.8 % lead, 0.16% copper, 9 ppm molybdenum and anomalous gold and gallium contents. These surface assays compare well with geochemical anomalies over major world silver-zinc deposits such as San Cristobal in Bolivia, Penasquito in Mexico and the new discovery of Cordero in Mexico.

The Company and others believe that another enriched silver zone may also occur near the water table, which may be 400 to 500 feet deep. In this regard, the oxide zone transitions to primary sulfides and presents deeper exploration targets below the water table.

It is also postulated that a molybdenum-bearing intrusive at depths greater than 1,000 feet may have served as the heat source of the mineralized solutions that created the shallow Klondike deposits. Furthermore, the Klondike mineralized corridor has significant anomalous molybdenum contents as well as strong silver, lead, zinc and copper anomalies within an area approximately 3,000 feet wide and 7,000 feet along strike.