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North Bay Resources Announces Assays up to 5 oz/ton Gold, 1.5 oz/ton Platinum, 0.5 oz/ton Palladium, and 0.5 oz/ton Rhodium at Mt. Vernon Gold Mine, Sierra County, California

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North Bay Resources Inc. (OTC: NBRI) has announced impressive assay results from its Mt. Vernon Gold Mine in Sierra County, California. Recent underground sampling across 230 feet revealed up to 5 ounces per ton gold, 0.7 ounces per ton silver, 1.5 ounces per ton platinum, 0.5 ounces per ton palladium, and 0.5 ounces per ton rhodium.

The company has completed an initial mine plan for extracting 497 tons of ore from 4 tunnels totaling 217 feet in length. The ore will be processed at North Bay's 100 ton per day Bishop Gold Mill in Inyo County. Previous metallurgy work has shown that gold, silver, and platinum can be separated and concentrated using basic crush and grind with gravity table recovery.

The Mt. Vernon Gold Mine is described as a largely undeveloped deposit with a channel up to 500 feet wide and extending over 2000 feet throughout the property. The ore body is estimated at 954,000 tons based on the known channel.

North Bay Resources Inc. (OTC: NBRI) ha annunciato risultati di analisi impressionanti provenienti dalla sua Miniera d'Oro di Mt. Vernon nella contea di Sierra, California. Recenti campionamenti sotterranei su 230 piedi hanno rivelato fino a 5 once per tonnellata d'oro, 0.7 once per tonnellata d'argento, 1.5 once per tonnellata di platino, 0.5 once per tonnellata di palladio e 0.5 once per tonnellata di rodio.

L'azienda ha completato un piano iniziale per l'estrazione di 497 tonnellate di minerale da 4 tunnel per un totale di 217 piedi di lunghezza. Il minerale sarà trattato presso il mulino d'oro di North Bay, che ha una capacità di 100 tonnellate al giorno, situato nella contea di Inyo. Lavori di metallurgia precedenti hanno dimostrato che oro, argento e platino possono essere separati e concentrati utilizzando un processo di frantumazione e macinazione basilare con recupero su tavoli di gravità.

La Miniera d'Oro di Mt. Vernon è descritta come un deposito in gran parte non sviluppato, con un canalone largo fino a 500 piedi e che si estende per oltre 2000 piedi sull'intera proprietà. Il corpo minerario è stimato in 954.000 tonnellate in base al canalone noto.

North Bay Resources Inc. (OTC: NBRI) ha anunciado resultados de ensayos impresionantes de su mina de oro Mt. Vernon en el condado de Sierra, California. Muestreos subterráneos recientes a lo largo de 230 pies revelaron hasta 5 onzas por tonelada de oro, 0.7 onzas por tonelada de plata, 1.5 onzas por tonelada de platino, 0.5 onzas por tonelada de paladio y 0.5 onzas por tonelada de rodio.

La empresa ha completado un plan inicial de mina para extraer 497 toneladas de mineral de 4 túneles que suman 217 pies de longitud. El mineral será procesado en el molino de oro Bishop de North Bay, que tiene capacidad para 100 toneladas por día, ubicado en el condado de Inyo. Trabajos de metalurgia anteriores han mostrado que el oro, la plata y el platino pueden separarse y concentrarse utilizando un proceso básico de trituración y molienda con recuperación en mesas de gravedad.

La mina de oro Mt. Vernon se describe como un depósito en gran medida no desarrollado, con un canal de hasta 500 pies de ancho que se extiende más de 2000 pies por toda la propiedad. Se estima que el cuerpo de mineral es de 954,000 toneladas basado en el canal conocido.

North Bay Resources Inc. (OTC: NBRI)는 캘리포니아 시에라 카운티에 위치한 Mt. Vernon 금광에서 인상적인 assay 결과를 발표했습니다. 최근 230피트에 걸친 지하 샘플링 결과, 최대 금 5온스, 은 0.7온스, 백금 1.5온스, 팔라듐 0.5온스, 로듐 0.5온스가 검출되었습니다.

회사는 4개의 터널에서 497톤의 광석을 추출하기 위한 초기 광산 계획을 완료했습니다. 이 광석은 인요 카운티에 위치한 North Bay의 하루 100톤 처리 능력을 가진 Bishop Gold Mill에서 가공될 예정입니다. 이전의 금속 공학 작업에서는 금, 은 및 백금이 기본적인 분쇄 및 분쇄 과정과 중력 테이블 회수 방법으로 분리 및 농축될 수 있다는 것이 입증되었습니다.

Mt. Vernon 금광은 폭이 최대 500피트에 이르는 채널을 가진 대규모 미개발 광산으로, 전체 부지에 걸쳐 2000피트 이상 뻗어 있습니다. 알려진 채널을 기반으로 하여 광석 덩어리는 954,000톤으로 추정됩니다.

North Bay Resources Inc. (OTC: NBRI) a annoncé des résultats d'essai impressionnants de sa mine d'or de Mt. Vernon dans le comté de Sierra, en Californie. Des échantillons souterrains récents sur 230 pieds ont révélé jusqu'à 5 onces par tonne d'or, 0,7 once par tonne d'argent, 1,5 ounce par tonne de platine, 0,5 once par tonne de palladium et 0,5 once par tonne de rhodium.

L'entreprise a complété un plan initial de mine pour extraire 497 tonnes de minerai de 4 tunnels totalisant 217 pieds de longueur. Le minerai sera traité à la Bishop Gold Mill de North Bay, qui a une capacité de 100 tonnes par jour, située dans le comté d'Inyo. Des travaux métallurgiques antérieurs ont montré que l'or, l'argent et le platine peuvent être séparés et concentrés à l'aide d'un broyage et d'un concassage de base avec récupération par table de gravité.

La mine d'or de Mt. Vernon est décrite comme un dépôt largement non développé, avec un canal allant jusqu'à 500 pieds de large et s'étendant sur plus de 2000 pieds à travers la propriété. Le gisement de minerai est estimé à 954 000 tonnes en fonction du canal connu.

North Bay Resources Inc. (OTC: NBRI) hat beeindruckende Analyseergebnisse aus seiner Mt. Vernon Goldmine im Sierra County, Kalifornien, bekannt gegeben. Jüngste unterirdische Probenahmen über 230 Fuß zeigten bis zu 5 Unzen Gold pro Tonne, 0,7 Unzen Silber pro Tonne, 1,5 Unzen Platin pro Tonne, 0,5 Unzen Palladium pro Tonne und 0,5 Unzen Rhodium pro Tonne.

Das Unternehmen hat einen ersten Plan zur Gewinnung von 497 Tonnen Erz aus 4 Stollen erstellt, die insgesamt 217 Fuß lang sind. Das Erz wird in der Goldmühle von North Bay mit einer Kapazität von 100 Tonnen pro Tag im Inyo County verarbeitet. Frühere metallurgische Arbeiten haben gezeigt, dass Gold, Silber und Platin mit einfachen Zerkleinern und Mahlen sowie mit einem Schwerkrafttisch zurückgewonnen, getrennt und konzentriert werden können.

Die Mt. Vernon Goldmine wird als größtenteils unentwickeltes Vorkommen beschrieben, das einen Kanal von bis zu 500 Fuß Breite hat und sich über 2000 Fuß durch das gesamte Grundstück erstreckt. Der Erzkörper wird basierend auf dem bekannten Kanal auf 954.000 Tonnen geschätzt.

Positive
  • High-grade assay results with up to 5 oz/ton gold and significant platinum group metals
  • Completed initial mine plan for extracting 497 tons of ore
  • Owns a 100 ton per day processing mill suitable for the ore
  • Large estimated ore body of 954,000 tons
  • Mine is already permitted with modern infrastructure
Negative
  • Project is still in early stages with no current production
  • Potential risks associated with mining operations and commodity price fluctuations

BISHOP, Calif., Oct. 04, 2024 (GLOBE NEWSWIRE) -- North Bay Resources Inc. (the “Company” or “North Bay”) (OTC: NBRI) is pleased to announce assays up to 5 ounces per ton gold, 0.7 ounces per ton silver, 1.5 ounces per ton platinum, 0.5 ounces per ton palladium, and 0.5 ounces per ton rhodium from recent underground sampling across 230 feet at its Mt. Vernon Gold Mine (see Figure 1). Samples were taken between the 290 foot marker and the 520 foot marker on either side of the existing tunnel in the known gold zone. The sampling was completed in advance of bulk tonnage mining expected to commence shorty (see Press Release Dated September 11, 2024). The assays support and are comparable to previous sampling (2023) and provide further confidence in the grade of the immediately available material at Mt. Vernon with the addition of significant platinum group metals including platinum, palladium, and rhodium.  

Sample I.D.GoldSilverPlatinumPalladiumRhodium
 oz/tonoz/tonoz/tonoz/tonoz/ton
20212632203.000.671.280.420.26
20212632213.710.311.030.160.21
20212632224.010.481.440.14N.D.
20212632234.920.391.150.02N.D.
20212632243.390.360.910.470.16
20212632251.630.381.290.320.33
20212632265.020.481.490.250.45
20212632272.170.671.340.16N.D.
20212632883.290.371.230.02N.D.
20212632890.690.701.300.450.29
20212632911.280.331.150.32N.D.
20212632941.170.320.660.02N.D.

Figure 1. Mt. Vernon Gold Mine Assays – October 2024

Assays were completed at Enviro-Chem Analytical Laboratory using a 3-acid digestion and atomic absorption spectrometry for individual metals.

Mine Plan

The initial mine plan is now complete and provides for the extraction of 497 tons of ore, in 4 tunnels totaling 217 feet in length (see Diagram 1), for direct shipment to the Company’s 100 ton per day Bishop Gold Mill located in Inyo County, California. Prior metallurgy work has shown gold, silver and platinum may be separated and concentrated by a basic crush and grind with gravity table recovery (see Press Release dated August 22, 2024) and is well suited to the Bishop Gold Mill circuit.

3D Mine Plan – Mt. Vernon Gold Mine

Diagram 1. 3D Mine Plan – Mt. Vernon Gold Mine

Mt. Vernon Gold Mine

The Mt. Vernon Gold Mine is a largely undeveloped deposit. Sampling, by qualified mining engineers, have assayed greater than 1 ounce per ton, and up to 5 ounces per ton, continuously reported over 200 feet.   The modern access tunnel runs across the known 200-foot-wide gold bearing zone and perpendicular to the channel itself. The channel is up to 500 feet wide and extends over 2000 feet in length throughout the property. The channel varies in thickness from 4 feet to up to 20 feet. Typically, the lower 4 feet contains the higher gold grades. The channel is the same channel previously mined at the contiguous Ruby Mine which is known to be the richest mine in North America. Mt. Vernon is a permitted underground mine with modern portal, tunnel, ventilation. power, and equipment. The ore body is estimated at 954,000 tons based on the known channel (B. Hanford, 2023).

On behalf of the Board of Directors of

NORTH BAY RESOURCES INC.

Jared Lazerson
CEO

info@northbay-resources.com

northbay-resources.com

X: @NorthBayRes

LinkedIn: North Bay Resources Inc | LinkedIn

YouTube: @NorthBayResources

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.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/31678b75-446a-47ad-b676-10b7e9030420


FAQ

What are the recent assay results from North Bay Resources' Mt. Vernon Gold Mine (NBRI)?

Recent assays from Mt. Vernon Gold Mine showed up to 5 oz/ton gold, 0.7 oz/ton silver, 1.5 oz/ton platinum, 0.5 oz/ton palladium, and 0.5 oz/ton rhodium across 230 feet of underground sampling.

What is North Bay Resources' (NBRI) initial mine plan for the Mt. Vernon Gold Mine?

The initial mine plan involves extracting 497 tons of ore from 4 tunnels totaling 217 feet in length for direct shipment to the company's 100 ton per day Bishop Gold Mill in Inyo County, California.

How large is the estimated ore body at North Bay Resources' (NBRI) Mt. Vernon Gold Mine?

The ore body at Mt. Vernon Gold Mine is estimated at 954,000 tons based on the known channel, which is up to 500 feet wide and extends over 2000 feet throughout the property.

Where is North Bay Resources' (NBRI) Mt. Vernon Gold Mine located?

The Mt. Vernon Gold Mine is located in Sierra County, California.

NORTH BAY RESOURCES INC

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