GRAND JUNCTION, Colo., May 6, 2013 (GLOBE NEWSWIRE) -- Bullfrog Gold Corp. (OTCBB:BFGC) ("Bullfrog" or the "Company") is pleased to announce it has obtained significant technical information on a key exploration target known as the RUS area of the Newsboy Gold Project located 45 miles NW of Phoenix, Arizona. In March 2013 Bullfrog expanded its land holdings by staking 160 mining claims, including the RUS area which is approximately 4.5 miles west of the Main Newsboy deposit. The enclosed map shows the Main deposit, major exploration targets and numerous historic shallow shafts and prospect pits. The Company controls 7,400 acres (11.5 square miles) of the most prospective lands in the Newsboy area.
In 1985 Labradex Mining Company staked 28 claims in the RUS area, excavated 14 trenches, reverse circulation drilled 2,435 feet in 11 angled holes, collected 66 rock chip samples and expanded geologic mapping. In April 2013 Bullfrog obtained a 1985 report from the former Labradex geologist who directed or performed this work. The best gold assay results from these 1985 programs are summarized below.
|Identification||Intercept, ft.||Depth, ft.||Gold opt|
|Nearby old pit||4||-||0.120|
|Nearby old pit||4||-||0.290|
|DH-3||20||100 - 120||0.074|
|10||180 - 190||0.092|
|DH 8||15||205 - 220||0.210|
Company geologists have examined, mapped, and sampled surface exposures along the entire length of the RUS structure. Preliminary locations for several exploratory drill holes have been identified to test the down-dip extension of the mineralization and confirm the previous results reported by Labradex. The RUS structure is a mineralized fault in Precambrian schist that apparently extends the entire southeast-northwest length of the RUS claim block; a distance of over 4,300 feet. One short adit and two shallow shafts were excavated in the RUS area about 100 years ago, but there are no records of production.
The Main deposit, Queen of Sheba, RUS, Deep Shaft (which appears to be the deepest shaft on Project lands) and the Shaft 6-7-8 exploration targets are being studied and an application will be prepared to obtain permission from the US Bureau of Land Management for Bullfrog to initiate its fourth phase drill program before the end of 2013.
A map of the Newsboy Gold Project is available at http://media.globenewswire.com/cache/23930/file/19502.pdf
About Bullfrog Gold Corp.
Bullfrog Gold Corp. is a Delaware corporation that also controls two projects in Nevada, one of which is in the Bullfrog District that produced 2.5 million ounces of gold between 1988 and 1998 and the other has good potential for shallow silver with base metal and barite byproducts. More information on the Company and its projects may be obtained from www.BullfrogGold.com, or by emailing info@BullfrogGold.com.
The Bullfrog Gold Corp. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=16223
Cautionary Note Regarding Forward Looking Statements
This press release may contain certain "Forward-Looking Statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein including those with respect to the objectives, plans and strategies of the Company and those preceded by or that include the words "believes," "expects," "given," "targets," "intends," "anticipates," "plans," "projects," "forecasts" or similar expressions, are forward-looking statements that involve various risks and uncertainties. The Company is presently an exploration stage company. Exploration is highly speculative in nature, involves many risks, requires substantial expenditures and may not result in the discovery of sufficient mineral deposits that can be mined profitably. Furthermore, the Company currently has no reserves on any of its properties. As a result, there can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Additional information regarding important factors that could cause actual results to differ materially from the Company's expectations is disclosed in the Company's documents filed from time to time with the United States Securities & Exchange Commission.
CONTACT: David Beling, PE, President, CEO & Director, (970) 628-1670
Source:Bullfrog Gold Corp.