North Bay Resources
Commences Gold Shipments, Fran Gold Project, British Columbia;
Enters Taber Gold Mine JV, Sierra County, California
Bishop, CA -- September 9, 2024 --
InvestorsHub NewsWire -- North Bay Resources Inc. (the
"Company" or
"North
Bay") (OTC:
NBRI) is pleased to announce the commencement of gold ore
shipments from the Fran Gold Project to the Company's Bishop Gold
Mill.
A four-man crew has mobilized to site
and the first tractor trailers are schedule to arrive next
week.
The initial shipment will consist of
44 tons of surface material, manually loaded into one metric tonne
(2200 lbs.) super-sacks and placed on flat-bed tractor
trailers. The target material was recently
assayed and graded 1.2 to 2.3 ounces gold per ton
(see Press Release
dated August 26, 2024). Upon successful completion of
optimization and processing, additional shipping will ramp up and
continue through-out the Fall, weather
permitting. The Company has identified
approximately 5000 tons of target material (see
Photo
1) and a substantially larger amount
of near surface material in trenches and defined by prior diamond
drilling.
Photo 1 – Fran
Gold
Fran Gold
Property
The Property is 34,360 acres and is
located 20 miles from Centerra Gold's 60,000 tonne per day Mt.
Milligan Copper, Gold Mine (299Mt @ 0.22% Cu, .45 g/t
Au).
To date there has been in excess of
50,000 feet of diamond drilling in 104 holes at Fran Gold,
primarily at the Bullion Alley Zone.
The Fran Contact Zone is defined by
100 degree striking, steeply dipping monzodiorite
porphyry/volcaniclastic-hornfels lithology contact where
quartz-carbonate-sulphide zones occur along shear zones, as veins,
breccia and extension fractures, as infilling, primarily defined by
3 parallel veins varying from 2 feet to 30 feet width over 3000
feet of strike length and 700 feet of depth.
Taber Mine Joint
Venture
The Company is pleased to announce it
has entered into an agreement (the "Agreement") with a private arms-length
Company to acquire a 50% interest in the Taber Mine located in
Sierra County, California by extracting 5,000 tons of material or
spending $1,500,000 within 30 months. The Taber Mine is a largely
undeveloped deposit, contiguous and on the same channel as the
Union-Keystone Mine, the largest and most prolific producer in the
area. The Taber Mine is a permitted underground mine with existing
on-site gravity processing and sorting in excess of 100 tons per
day.
The property has two known
mineralized channels, the Front and Back Channel
respectively. These channels converge at the North
end of the property into single channel, the Bellevue Channel,
which crosses into the Union-Keystone Mine property. This channel
is one of the most productive deposits in the region with over 1.1
million ounces of gold produced at Union-Keystone
alone.
Both the Front Channel and, the
largely untouched, Back Channel at the Taber Mine are estimated at
up to 250 feet total width and run the entire length of the
property approximately 6000 feet with a mineralized height of up to
6 feet.
Taber Mine
Development
A mining crew arrived on-site last
week, entered the mine and began rehabilitation work to provide
access to the Wild Boar Zone approximately 700 feet inside the
mine.
The primary work consisted of steel
and timber reinforcement of the tunnel and will expand to the
historic Wild Boar shaft itself
shortly.
Once access is secured, the Company
will complete sampling of the three known mining faces where mining
as recent as the 1990's is reported. The Company plans to commence test
mining upon confirmation of assay via rehabilitation of mine gauge
rail, ore cars and electric locomotive. Additionally, rehabilitation and
development of the entire existing 4000 foot tunnel extending to
the largely unmined Back Channel will follow-on, after development
of the Wild Boar Zone in the Front
Channel.
Corporate
Update
The Company has received a notice of
conversion in the amount of $62,663 from Caesar Capital Group, LLC
and will issue 136,223,913 non-restricted shares at a rate of
$0.00046 as required under the conversion
terms.
The Company has entered into an
agreement with NexGenAI Solutions Group, Inc. for digital marketing
and related software services at a rate of $22,166 per month for 6
months. The Company has agreed to settle this
obligation for shares at a price of $0.0008 for 133,000,000
restricted shares. The shares will have a statutory hold
of one year.
On behalf of the Board of Directors
of
NORTH BAY RESOURCES
INC.
Jared Lazerson
CEO
info@northbay-resources.com
northbay-resources.com
X: @NorthBayRes
Facebook:
North Bay Resources Inc | Facebook
LinkedIn:
North Bay Resources Inc | LinkedIn
This news release
may contain certain "Forward-Looking Statements" within the meaning
of the United States Private Securities Litigation Reform Act of
1995 and applicable Canadian securities
laws.
