Bullfrog Gold (CSE: BFG) CEO Dave Beling on Latest Batch of Assays from the Bullfrog Project in Nevada
Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the CEO of Bullfrog Gold (CSE: BFG)(OTC: BFGC), Mr. Dave Beling. Dave, how are you today?
David Beling: I'm very well, and my share price and volume are doing very well also.
Gerardo Del Real: I think it's off to a great start and it's backed by very, very good results. Let's get to the most recent piece of news. You received assays on 5 more holes at your gold project in Nevada. Some highlight intercepts include 14 meters of 2.42 grams per tonne gold and 46 meters of 0.30 grams per tonne gold.
A couple of important points that I would love for you to touch on. One, the shallow nature of the mineralization. And two, the samples and the recoveries that you're getting from these holes, which is important because you can find all the gold in the world but if you can't recover it, it's not worth anything. Right?
David Beling: Well, that's right. These samples, some of them are shallow, some of them are intermediate, and we do have deeper intercepts. But as anticipated, the mineral intervals are, I would say, better than average, real thick. We did anticipate that and the grades are coming in fine. These intercepts are based on a 0.2 gram of gold cutoff. That's why we've got so much of it.
It's really quite a supplement to the adjacent Bullfrog pit, because all we have to do is lay this back to mine out the Mystery Hill mineral intervals. Plus, you mentioned the recovery. We did a lot of leach test work in the past couple of years. We collected 4 bulk samples and we got an average 85% recovery using a much finer size with equipment that's known as high-pressure grinding rolls. In fact, the Mystery Hill sample was the lowest grade of all of them. It was only 0.34 grams of gold per tonne, and we achieved the 91% recovery. So mineralization in the Bullfrog area is highly amenable to fine sizing using high-pressure grinding rolls.
Gerardo Del Real: Well put. I thought another important point was the fact that most of the thicker, lower grade intercepts aren't within – and you highlight this in the release – the previous estimates of measured and indicated resources. That has implications, of course, for upgrading the current resource and bringing that into the plan. Can you speak to that a bit?
David Beling: The Mystery Hill area is about 300 meters long and about 250 meters wide. It only had 6 interior drill holes, old holes. That's just simply too wide spaced to even meet the inferred category of resource estimates. So now that we've got another 14, 15 holes in this area, that's going to draw a lot more from not even being included but a lot of that will go into the measured and indicated category. So we're getting a real enhancement there.
In fact, the way pits are treated, inferred resources are treated as waste. So when you convert that to mineral resources, then it makes the strip ratio go down. So you're getting a double advantage of more ounces and lower strip ratio.
Gerardo Del Real: Well put. What's next? I understand you have assays pending that you're hoping to get within the next week or two. Is that accurate?
David Beling: That's correct. We've only got about 5 more holes that we need to get the assays in on. I anticipate actually getting notice next week, and that would be the conclusion of the 25 hole program. As soon as we get that and analyze the results, we'll put out another press release and take this thing forward. We're quite happy with what we've accomplished out here. We're going to make this project the best that it can be.
Gerardo Del Real: I'm looking forward to those assays. I'm looking forward to hearing what comes next after that. I suspect that your share price along with the price of gold is likely to be higher the next time we chat. Let's revisit that the next time we speak, Dave.
David Beling: Sure.
Gerardo Del Real: Thank you so much for your time, sir. You have a great day.
David Beling: All right. Thank you, Gerardo.