Currently viewing Global edition

Bullfrog hops onto CSE, $2,000/oz gold price forecast

Bullfrog Gold (OTCQB: BFGC) has added a listing on the Canadian Securities Exchange as it advances its Bullfrog gold project in Nevada.
Bullfrog hops onto CSE, $2,000/oz gold price forecast Bullfrog hops onto CSE, $2,000/oz gold price forecast Bullfrog hops onto CSE, $2,000/oz gold price forecast Bullfrog hops onto CSE, $2,000/oz gold price forecast Bullfrog hops onto CSE, $2,000/oz gold price forecast

The previously-mined Bullfrog pit in Nevada

Staff reporter

Meanwhile, Citigroup has forecast the gold price may rise above US$2,000 an ounce in the next two years, Bloomberg reported.

Gold hit a six-year high of $1,557.11/oz on the spot market earlier this month but was last trading about $1,490/oz, as markets await looming European and US central bank decisions.

Back at Bullfrog, CEO David Beling said: "We are extremely pleased with the dual listing to provide greater liquidity for our shareholders and significantly broaden our access to investors in Canada, the UK, Europe and other countries." 

The company also said initial metallurgical testing had averaged recoveries of 84% and it had received the remaining two of four environmental permits to allow further drilling at Bullfrog.

The project has a 624,000oz resource grading 0.7g/t gold.

The company said it had obtained a large database from Barrick Gold and had defined pit expansion and exploration targets.

Its shares gained 3% in the US yesterday and start trading on the CSE today.

Markets closed mainly higher yesterday and futures were also looking positive for key indices at the time of writing.