Bullfrog Gold Catches a Break as a Result of Nevada Gold Rush (BFGC)

Bullfrog Gold (OTC: BFGC) caught a break after steadily dropping to its all-time low. Bullfrog Gold rallied a respectable 15% in share price today, and closed at $0.345. With 187,134 shares of the stock exchanging hands, volume of the stock is now well above its average. Bullfrog Gold has dropped a total of 63.7% since the start of 2012, despite today’s solid rebound.

According to a recent news article, Bullfrog Gold has become involved in the Nevada Modern Gold Rush. Bullfrog Gold recently purchased 79 federal lode claims and two patented claims within a mile of the Bullfrog open-pit of Barrick Gold, owner of the major gold mine in Nevada. The open-pit produced more than 2.3 million ounces of gold. Bullfrog Gold also acquired the option to purchase prospective land in the Alpha Mining District near Eureka, Nevada.

According to stockpromoters.com, Orbitstocks has promoted Bullfrog Gold. On Twitter, @pennystock24 also mentioned that Orbitstocks promoted Bullfrog Gold today.

Recent headlines for Bullfrog Gold include:

  • July 10, 2012: Bullfrog Gold announced it had acquired an option to purchase the Klondike Project located in the Alpha Mining District about 40 miles north of Eureka, Nevada. The initial property included 64 unpatented mining claims, to which Bullfrog recently staked an additional 100 claims.
  • June 19, 2012: Bullfrog Gold announced that it had acquired 800 pounds of additional technical, environmental and administrative paper information concerning its Newsboy Project located 45 miles northwest of Phoenix, Arizona.
  • May 2, 2012: Bullfrog Gold announced that the Depository Trust Company had granted the company full eligibility for electronic clearance and settlement.

Bullfrog Gold, formerly Kopr Resources, was incorporated on July 23, 2007. Bullfrog Gold is an exploration-stage company. The company is engaged in the acquisition and exploration of properties that may contain gold mineralization in the United States.

The company has exploration permits on state lands and Federal mining claims in the states of Arizona and Nevada totaling approximately 6,860 acres. These permits are for the purpose of exploration and potential development of gold.

On September 30, 2011, Standard Gold entered into a merger agreement with the company that led to Standard Gold merging into a wholly owned subsidiary of Bullfrog. As of December 31, 2011, the company had no revenues.

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Published by Fiona Gibson

Fiona is a finance graduate and an expert in analyzing market trends.