Bullfrog drilling results are in; president speaks at trade dinner
The first test of mineral deposits on Grand Junction-based Bullfrog Gold Corp.‘s Queen of Sheba land since 1995 yielded 0.079 ounces of gold per ton, according to a news release.
Results are in from Bullfrog’s phase 4 drilling program at the Newsboy Gold Project 45 miles northwest of Phoenix, said David Beling, president and CEO.
Sixty-eight holes and 3,364 feet of drilling were completed in the Queen of Sheba exploration target, which is about 2.5 miles northwest of the Main Newsboy deposit.
Holes were percussion-drilled to an average depth of 49 feet with a small tracked blast hole rig to test shallow mineralization.
Drilling started Dec. 3 and was completed Dec. 15, the news release said.
Beling speaks at 6:30 p.m. Feb. 20 at a meeting of the Petroleum & Mining Club of Grand Junction at Two Rivers Convention Center, 159 Main St. He’ll deliver a presentation titled, “The Gold Industry and Bullfrog Gold Corp.”
Guests and significant others are welcome, but those who attend must register before noon Monday. Cost of dinner is $20 each. Call 628-1670.
Prior to phase 4, drilling in the Queen of Sheba area consisted of one hole cored in 1995 that intersected 16 feet of 0.024 gold opt, 6 feet of 0.038 gold opt, and 2 feet of 0.124 gold opt, all within 37 feet of the surface.
Bullfrog’s phase three program included twelve holes drilled in early 2013 using a reverse circulation rig.
One of these holes was located 20 feet north of the 1995 core hole and intersected 25 feet of mineralization that averaged 2.8 gold ounces per short ton (opt) starting at the surface.
However, a vertical hole drilled about 12 feet northwest from this high grade hole contained two 10-foot intercepts that averaged 0.027 gold opt within 30 feet of the surface. The other holes yielded different results.
The Queen of Sheba area contains several historic shallow shafts and pits and short adits having unrecorded production of minor tonnages.
Thirty-eight of the 68 holes drilled in the Queen of Sheba area contained mineral intercepts greater than 0.015 ounces of gold per ton, according to the news release.