CMC Reports on Impressive Metallurgical Tests on Potential Ore for the Gold Processing Mill in Bishop, California by North Bay Resources Inc.
CMC Metals (TSX-V:CMB, OTCQB:CMCXF) has reported on impressive metallurgical tests conducted by North Bay Resources Inc. (OTC:NBRI) on potential ore for the Gold Processing Mill in Bishop, California. The tests showed high gold, platinum, and silver concentrations in run-of-mine ore from the Mt. Vernon Gold Mine. Two concentrate streams yielded up to 11.95 oz/t gold, 17.54 oz/t platinum, and 7.79 oz/t silver. This marks the first known discovery of platinum at Mt. Vernon, potentially increasing ore value by up to 50%. CMC owns a 16.05% interest in NBRI, which acquired 55.5% of CMC's Bishop mill. The successful extraction and concentration of metals have led to testing of on-site furnace equipment for producing Dore bars and platinum buttons.
CMC Metals (TSX-V:CMB, OTCQB:CMCXF) ha riportato test metallurgici impressionanti condotti da North Bay Resources Inc. (OTC:NBRI) su potenziali minerali per il Gold Processing Mill a Bishop, California. I test hanno mostrato alte concentrazioni di oro, platino e argento nel minerale estratto dalla Miniera d'Oro Mt. Vernon. Due flussi di concentrazione hanno prodotto fino a 11.95 oz/t di oro, 17.54 oz/t di platino e 7.79 oz/t di argento. Questo segna la prima scoperta conosciuta di platino a Mt. Vernon, con un potenziale aumento del valore del minerale fino al 50%. CMC detiene un interesse del 16.05% in NBRI, che ha acquisito il 55.5% della fabbrica di Bishop di CMC. Il successo nell'estrazione e concentrazione dei metalli ha portato a test sulle apparecchiature di forno in loco per la produzione di lingotti Dore e bottoni di platino.
CMC Metals (TSX-V:CMB, OTCQB:CMCXF) ha informado sobre pruebas metalúrgicas impresionantes realizadas por North Bay Resources Inc. (OTC:NBRI) en minerales potenciales para el Gold Processing Mill en Bishop, California. Las pruebas mostraron altas concentraciones de oro, platino y plata en el mineral extraído de la mina de oro Mt. Vernon. Dos corrientes de concentración arrojaron hasta 11.95 oz/t de oro, 17.54 oz/t de platino y 7.79 oz/t de plata. Esto marca el primer descubrimiento conocido de platino en Mt. Vernon, lo que podría aumentar el valor del mineral hasta un 50%. CMC posee un interés del 16.05% en NBRI, que adquirió el 55.5% de la planta de Bishop de CMC. El exitoso proceso de extracción y concentración de metales ha llevado a pruebas del equipo del horno en el sitio para la producción de lingotes Dore y botones de platino.
CMC Metals (TSX-V:CMB, OTCQB:CMCXF)는 North Bay Resources Inc. (OTC:NBRI)에 의해 수행된 인상적인 광물 테스트 결과를 보고했습니다. 이 테스트는 캘리포니아주 비숍의 금 처리 밀을 위한 잠재적인 원광에서 높은 금, 백금 및 은 농도를 보여주었습니다. Mt. Vernon 금mine에서 채굴된 원광에서 두 개의 농축 흐름이 각각 11.95oz/t 금, 17.54oz/t 백금, 7.79oz/t 은을 생산했습니다. 이는 Mt. Vernon에서의 백금의 첫 번째 발견입니다, 이는 원광 가치를 최대 50%까지 증가시킬 수 있습니다. CMC는 NBRI에서 16.05%의 지분을 보유하고 있으며, NBRI는 CMC의 비숍 공장 55.5%를 인수했습니다. 금속의 성공적인 추출 및 농축은 도레 바 및 백금 버튼 생산을 위한 현장 용광로 장비 테스트로 이어졌습니다.
CMC Metals (TSX-V:CMB, OTCQB:CMCXF) a rapporté d'impressionnants tests métallurgiques réalisés par North Bay Resources Inc. (OTC:NBRI) sur des minerais potentiels pour le Gold Processing Mill à Bishop, Californie. Les tests ont montré de fortes concentrations d'or, de platine et d'argent dans le minerai issu de la mine d'or de Mt. Vernon. Deux flux de concentration ont produit jusqu'à 11,95 oz/t d'or, 17,54 oz/t de platine et 7,79 oz/t d'argent. Cela marque la première découverte connue de platine à Mt. Vernon, ce qui pourrait augmenter la valeur du minerai jusqu'à 50%. CMC détient un intérêt de 16,05% dans NBRI, qui a acquis 55,5% de l'usine de Bishop de CMC. L'extraction et la concentration réussies des métaux ont conduit à des tests d'équipement de four sur site pour la production de barres Dore et de boutons de platine.
CMC Metals (TSX-V:CMB, OTCQB:CMCXF) hat beeindruckende metallurgische Tests von North Bay Resources Inc. (OTC:NBRI) zu potenziellen Erzen für die Gold Processing Mill in Bishop, Kalifornien, berichtet. Die Tests zeigten hohe Konzentrationen von Gold, Platin und Silber im Erzmaterieal aus der Mt. Vernon Goldmine. Zwei Konzentrationsströme lieferten bis zu 11.95 oz/t Gold, 17.54 oz/t Platin und 7.79 oz/t Silber. Dies markiert die erste bekannte Entdeckung von Platin in Mt. Vernon, was den Wert des Erzes um bis zu 50% steigern könnte. CMC besitzt 16.05% an NBRI, das 55.5% von CMCs Bishop-Mühle erworben hat. Die erfolgreiche Extraktion und Konzentration von Metallen führten zu Tests von vor Ort befindlichen Schmelzöfen zur Produktion von Dore-Barren und Platin-Buttons.
- High-grade ore samples from Mt. Vernon Gold Mine showed gold concentrations up to 11.95 oz/t
- First-ever discovery of platinum at Mt. Vernon, with concentrations up to 17.54 oz/t
- Potential to increase ore value by up to 50% due to platinum content
- Successful extraction and concentration of gold, platinum, and silver using basic grind and gravity recovery circuit
- CMC receiving regular payments from the sale of the Bishop mill facility
- None.
VANCOUVER, BC / ACCESSWIRE / August 27, 2024 / CMC Metals Ltd. (TSX-V:CMB)(Frankfurt:ZM5P)(CMCXF:OTCQB) ("CMC" or the "Company")
CMC is very pleased to announce that on August 22, 2024, North Bay Resources (the "Company" or "North Bay") (OTC: NBRI) announced highly positive results from a preliminary metallurgical/brevity recovery testing of run of mine ore from the Mt. Vernon Gold Mine that they propose to process at the Bishop Mill, California.
CMC Metals Ltd. acquired 1.12 billion common shares, equivalent to a
The run-of-mine ore was crushed in a ball mill to minus 60 mesh and run over a gravity recovery table resulting in two concentrate streams at approximately 10x concentration of gold with assay results as follows:
Sample I.D C#1MV: returned assays of Gold 11.95 oz/t, Platinum 17.54 0z/t and Silver 7.79
Sample I.D C#2MV: returned assays of Gold 11.38 oz/t, Platinum 2.20 0z/t and Silver 5.59
The testing was completed at Enviro-Chem Analytical Laboratory using run-of-mine ore from the main channel at the Mt. Vernon Gold Mine. While metallurgical testing is ongoing, initial results have confirmed the viability of extraction of gold, platinum, and silver using a basic grind and gravity recovery circuit.
The test circuit is essentially identical to the grind and gravity recovery circuit at the Company's 100 ton per day Bishop Gold Mill. With mine and mill start-up currently underway, and as a result of the successful extraction and concentration of gold, the Company has begun testing of the on-site metals furnace and related equipment at the Mill for the purpose of upgrading concentrate into and pouring Dore bars and producing platinum buttons for shipment to the metals refinery in Reno, Nevada. Platinum This is the first known discovery of platinum at Mt. Vernon. There has been little historical work done on platinum at Mt. Vernon. The region, in general, is not known for platinum. NBRI is planning to complete further work on this aspect of the deposit to further understand the gold-platinum relationship and the potential for increasing the per ton value of the ore by up to
Kevin Brewer, President and CEO noted "We are very pleased with the significant advancements NBRI have made with regards to advancing the mill commissioning and secure high-grade ore sources. Our company is working closely with NBRI with the aims to advance production at the mill that will be highly beneficial for NBRI shareholders. We also continue to receive regular payments related to the sale of the Bishop mill facility that are helping CMC to support our own operations."
About CMC Metals Ltd.
CMC Metals Ltd. is a growth stage exploration company focused on opportunities for high grade polymetallic deposits in British Columbia, Yukon and Newfoundland. Our flagship project is the Silverknife Property in the emerging Rancheria Silver District. Other projects in this District include the Amy project (British Columbia) and the Silver Hart Deposit/Blue Heaven claims (Yukon). Our polymetallic projects with potential for copper-silver-gold and other metals include Bridal Veil (Newfoundland) and Logjam (Yukon), both of which are available for option.
On behalf of the Board:
"Kevin Brewer"
Kevin Brewer
President, CEO and Director
CMC Metals Ltd.
For Further Information and Investor Inquiries:
Kevin Brewer, P. Geo., MBA, B.Sc.(Hons), Dip. Mine Eng.
President, CEO and Director
Cellular: (709) 327 8013
Email: kbrewer80@hotmail.com
Suite 1000-409 Granville St. Vancouver, BC, V6C 1T2
To be added to CMC's news distribution list, please send an email to info@cmcmetals.ca or contact Mr. Kevin Brewer directly.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
"This news release may contain certain statements that constitute "forward-looking information" within the meaning of applicable securities law, including without limitation, statements that address the timing and content of upcoming work programs, geological interpretations, receipt of property titles and exploitation activities and developments. In this release disclosures regarding the use of proceeds from the Private Placement comprise forward looking statements. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks, including the ability of the Company to raise the funds necessary to fund its projects, to carry out the work and, accordingly, may not occur as described herein or at all. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, the impact of the constantly evolving COVID-19 pandemic crisis and continued availability of capital and financing and general economic, market or business conditions. Readers are referred to the Company's filings with the Canadian securities regulators for information on these and other risk factors, available at www.sedar.com. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation."
SOURCE: CMC Metals Ltd.
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FAQ
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