North Bay Resources Announces Discovery of Mass Tonnage Gold Deposit up to 149m (489 feet) Grading 0.95 g/t Au, Fran Gold Project, British Columbia
North Bay Resources (OTC: NBRI) has announced the discovery of a significant mass tonnage gold deposit at its Fran Gold Project in British Columbia. Analysis of historical diamond drilling data revealed intercepts of up to 149m grading 0.95 g/t Au. The deposit area spans 1000m x 100m x 300m within a 1700m strike length, suggesting an exploration potential of 79.5 million tonnes with an estimated 2M ounces at an average grade of 0.8 g/t.
The project is strategically located near Centerra Gold's Mt. Milligan Project and Artemis Gold's Blackwater Mine. The company plans to proceed with a NI 43-101 Compliant Mineral Resource Estimate. Data indicates expansion potential at depth and extensions to the East and North-East where copper grades increase.
In corporate updates, NBRI faces legal challenges with River Resources over the Mt. Vernon Mine operations, claiming $19.5M in damages. Additionally, the company has terminated its Taber Mine Joint Venture Agreement effective April 1, 2025.
North Bay Resources (OTC: NBRI) ha annunciato la scoperta di un significativo deposito di oro in termini di tonnellaggio presso il suo Fran Gold Project in Columbia Britannica. L'analisi dei dati storici di perforazione a diamante ha rivelato intercettazioni di fino a 149m con una gradazione di 0,95 g/t Au. L'area del deposito si estende per 1000m x 100m x 300m all'interno di una lunghezza di strike di 1700m, suggerendo un potenziale esplorativo di 79,5 milioni di tonnellate con una stima di 2 milioni di once a una gradazione media di 0,8 g/t.
Il progetto è strategicamente situato vicino al progetto Mt. Milligan di Centerra Gold e alla miniera Blackwater di Artemis Gold. L'azienda prevede di procedere con una Stima delle Risorse Minerarie conforme al NI 43-101. I dati indicano un potenziale di espansione in profondità e prolungamenti verso Est e Nord-Est, dove aumentano le gradazioni di rame.
Negli aggiornamenti aziendali, NBRI affronta sfide legali con River Resources riguardo alle operazioni della miniera Mt. Vernon, richiedendo $19,5 milioni in danni. Inoltre, l'azienda ha terminato il suo Accordo di Joint Venture per la Miniera di Taber, efficace dal 1 aprile 2025.
North Bay Resources (OTC: NBRI) ha anunciado el descubrimiento de un depósito significativo de oro en términos de tonelaje en su Fran Gold Project en Columbia Británica. El análisis de datos históricos de perforación con diamante reveló intercepciones de hasta 149m con una ley de 0.95 g/t Au. El área del depósito se extiende por 1000m x 100m x 300m dentro de una longitud de strike de 1700m, sugiriendo un potencial de exploración de 79.5 millones de toneladas con una estimación de 2 millones de onzas a una ley promedio de 0.8 g/t.
El proyecto está estratégicamente ubicado cerca del proyecto Mt. Milligan de Centerra Gold y de la mina Blackwater de Artemis Gold. La empresa planea proceder con una Estimación de Recursos Minerales conforme a la NI 43-101. Los datos indican un potencial de expansión en profundidad y extensiones hacia el Este y el Noreste, donde aumentan las leyes de cobre.
En actualizaciones corporativas, NBRI enfrenta desafíos legales con River Resources sobre las operaciones de la mina Mt. Vernon, reclamando $19.5 millones en daños. Además, la empresa ha terminado su Acuerdo de Joint Venture de la Mina Taber, efectivo a partir del 1 de abril de 2025.
North Bay Resources (OTC: NBRI)는 브리티시컬럼비아에 있는 Fran Gold Project에서 상당한 규모의 금 매장량을 발견했다고 발표했습니다. 역사적인 다이아몬드 시추 데이터 분석 결과, 0.95 g/t Au의 등급을 가진 149m까지의 인터셉트가 확인되었습니다. 매장 지역은 1000m x 100m x 300m로, 1700m의 스트라이크 길이를 포함하고 있어 7950만 톤의 탐사 잠재력을 제안하며, 평균 등급 0.8 g/t로 200만 온스가 추정됩니다.
이 프로젝트는 Centerra Gold의 Mt. Milligan Project와 Artemis Gold의 Blackwater Mine 근처에 전략적으로 위치하고 있습니다. 회사는 NI 43-101 준수 광물 자원 추정 작업을 진행할 계획입니다. 데이터는 깊이에서의 확장 가능성과 동쪽 및 북동쪽으로의 연장을 나타내며, 이곳에서 구리 등급이 증가합니다.
기업 업데이트에서 NBRI는 Mt. Vernon Mine 운영과 관련하여 River Resources와 법적 문제에 직면해 있으며, $1950만의 손해 배상을 요구하고 있습니다. 또한, 회사는 2025년 4월 1일부터 발효되는 Taber Mine 합작 투자 계약을 종료했습니다.
North Bay Resources (OTC: NBRI) a annoncé la découverte d'un dépôt d'or significatif en termes de tonnage dans son projet Fran Gold en Colombie-Britannique. L'analyse des données historiques de forage au diamant a révélé des interceptions allant jusqu'à 149m avec une teneur de 0,95 g/t Au. La zone du dépôt s'étend sur 1000m x 100m x 300m dans une longueur de strike de 1700m, suggérant un potentiel d'exploration de 79,5 millions de tonnes avec une estimation de 2 millions d'onces à une teneur moyenne de 0,8 g/t.
Le projet est stratégiquement situé près du projet Mt. Milligan de Centerra Gold et de la mine Blackwater d'Artemis Gold. L'entreprise prévoit de procéder à une estimation des ressources minérales conforme à la NI 43-101. Les données indiquent un potentiel d'expansion en profondeur et des extensions vers l'est et le nord-est, où les teneurs en cuivre augmentent.
Dans les mises à jour d'entreprise, NBRI fait face à des défis juridiques avec River Resources concernant les opérations de la mine Mt. Vernon, réclamant 19,5 millions de dollars en dommages. De plus, l'entreprise a résilié son accord de coentreprise pour la mine de Taber, effectif à partir du 1er avril 2025.
North Bay Resources (OTC: NBRI) hat die Entdeckung eines bedeutenden Goldvorkommens in Bezug auf die Tonnage in seinem Fran Gold Project in British Columbia bekannt gegeben. Die Analyse historischer Diamantbohrdaten ergab Abfangwerte von bis zu 149m mit einem Gehalt von 0,95 g/t Au. Das Vorkommen erstreckt sich über 1000m x 100m x 300m innerhalb einer Strike-Länge von 1700m, was auf ein Erkundungspotenzial von 79,5 Millionen Tonnen mit geschätzten 2 Millionen Unzen bei einem durchschnittlichen Gehalt von 0,8 g/t hinweist.
Das Projekt befindet sich strategisch in der Nähe des Mt. Milligan-Projekts von Centerra Gold und der Blackwater-Mine von Artemis Gold. Das Unternehmen plant, eine NI 43-101-konforme Schätzung der Mineralressourcen durchzuführen. Daten zeigen ein Expansionspotenzial in der Tiefe sowie Erweiterungen nach Osten und Nordosten, wo die Kupfergehalte ansteigen.
In Unternehmensneuigkeiten sieht sich NBRI rechtlichen Herausforderungen mit River Resources bezüglich der Betriebe der Mt. Vernon Mine gegenüber und fordert 19,5 Millionen Dollar Schadensersatz. Darüber hinaus hat das Unternehmen seine Joint-Venture-Vereinbarung für die Taber Mine mit Wirkung zum 1. April 2025 beendet.
- Discovery of significant mass tonnage gold deposit with 2M ounces potential
- Strategic location near two major mining projects
- Ready to proceed with NI 43-101 Compliant Mineral Resource Estimate
- Substantial expansion potential identified at depth and towards East/North-East
- Legal dispute with River Resources affecting Mt. Vernon Mine operations
- Termination of Taber Mine Joint Venture Agreement
- Potential $19.5M in damages claim related to Mt. Vernon Mine dispute
BISHOP, Calif., April 01, 2025 (GLOBE NEWSWIRE) -- North Bay Resources, Inc. (the “Company” or “North Bay”) (OTC: NBRI) is pleased to announce analyses and compilation of prior exploration work at the Fran Gold Project has resulted in the discovery of a mass tonnage gold deposit. This includes review of diamond drilling in 2001, 2005, 2006, 2012, and 2018 as well as geochemical, geophysical and 3D modelling data. Past exploration and development, including over 18,000m (55,000ft.) of diamond drilling, has shown very large intercepts of up to 149m (489 feet) of 0.95 gram per ton gold. The deposit area has been identified to be in excess of 1000m x 100m x 300m within a known strike length of 1700m. This represents an exploration potential of 79,500,000 tonnes at a specific gravity of 2.65. At an average grade of 0.8 grams per tonne the current potential is 2M ounces. There is sufficient data to immediately proceed with a NI 43-101 Compliant Mineral Resource Estimate. The Fran Gold Project is next to Centerra Gold’s (TSX:CG) Mt. Milligan Project, with Reserves of 264Mt grading 0.3 gram per tonne gold and
Historical exploration and development planning at Fran focused on delineation of mid-high grade veins with an eye to underground mining of these veins. Very limited focus was placed on bulk tonnage and disseminated gold, although discussed in reports from 2006, no follow-up appears to have occurred. North Bay’s recent ongoing focus has been the development of mid-high grade surface material as feedstock for its Bishop Gold Mill. This in turn has led to a re-evaluation of the project potential resulting in what is currently a dual focus with high grade surface material going to the Company’s mill and further evaluation of the larger potential of the mass tonnage gold deposit. Data indicates substantial expansion potential at depth (beyond 300m) and extensions of the disseminated gold zones to a limited extent to the West and to significant extent to the East and North-East where copper grades begin to rise. Drilling was stopped in these directions due to the loss of the mid-high grade veins that were the focus of historical exploration and these areas remain largely unexplored.
Significant Drill Intercepts from data compilation to date:
| Hole ID | From (m) | To (m) | Width (m) | Grade g/t |
| 2005-47 | 35.1 | 81.6 | 46.5 | 1.3 |
| 2006-49 | 104.0 | 133.0 | 29.0 | 1.0 |
| 2006-50A | 44.3 | 118.1 | 73.8 | 0.4 |
| 2006-51 | 60.4 | 100.7 | 40.2 | 0.8 |
| 2006-53 | 79.8 | 92.9 | 13.1 | 2.3 |
| 2006-55 | 15.9 | 110.3 | 94.5 | 0.3 |
| 2006-56 | 90.5 | 116.5 | 26.1 | 1.2 |
| 2006-58 | 61.4 | 157.4 | 96.0 | 0.3 |
| 2006-59 | 21.8 | 74.1 | 52.3 | 0.6 |
| 2006-60 | 90.5 | 131.5 | 41.0 | 0.7 |
| 2006-61 | 9.1 | 46.8 | 37.6 | 0.8 |
| 2006-62 | 79.9 | 150.3 | 70.5 | 0.4 |
| 2018-91 | 249.4 | 296.0 | 46.6 | 0.4 |
| 2018-94 | 222.0 | 339.2 | 117.2 | 0.6 |
| 2018-95 | 202.7 | 309.0 | 106.3 | 1.0 |
| 2018-96 | 134.7 | 284.0 | 149.3 | 0.9 |
| 2018-103 | 105.7 | 178.6 | 72.9 | 1.4 |
Figure 1. Fran Gold Diamond Drilling 2001-2012
Fran Gold exploration data and reports may be found on-line at ARIS BC, as well as the Company’s website.
Corporate Update
The Company has reached an impasse with River Resources the Owner/Operator of the Mt. Vernon Mine whereby River Resources, has refused to operate or otherwise allow North Bay to operate the mine as per the Purchase Agreement regardless of payments, planning, permitting, metallurgy, and mine engineering. The origin of the dispute revolves around River Resources attempted cancellation of the Purchase Agreement, whereby River Resources foisted a number of unreasonable last minute demands on North Bay days before commencement of operations at Mt. Vernon, including demanding
The Company has reached a mutual agreement with the lease-holders of the Taber Mine to terminate the Joint Venture Agreement effective April 1, 2025. The lease-holders have agreed to refund all payments to date.
On behalf of the Board of Directors of
NORTH BAY RESOURCES INC.
Jared Lazerson
CEO
X: @NorthBayRes
YouTube: North Bay Resources - YouTube
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.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9c29f766-2620-4f85-abac-5f44ea18aff8
FAQ
What is the estimated gold potential of NBRI's Fran Gold Project discovery?
What are the dimensions of NBRI's newly discovered gold deposit at Fran?
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What notable mining projects are adjacent to NBRI's Fran Gold Project?
