North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California

Rhea-AI Summary

North Bay Resources Inc. (OTC: NBRI) has announced that the Operating Plan for its Mt. Vernon Gold Mine in Sierra County, California, is complete and ready for filing with Federal Mine Regulators (MSHA) to commence production. The company plans to extract a 500-ton bulk sample from a zone showing consistent gold grades over 1 ounce and up to 4.8 ounces per ton over 150 feet. This sample will be used to optimize mining, milling, and metallurgy processes.

The ore is highly amenable to simple crush and gravity table recovery, suitable for the company's 100 ton per day Bishop Gold Mill. The Mt. Vernon Mine is described as a largely undeveloped deposit with a gold-bearing zone 200 feet wide and a channel up to 500 feet wide extending over 2000 feet. The deposit is estimated at 954,000 tons based on the known channel.

Positive

• Operating Plan for Mt. Vernon Gold Mine is complete and ready for regulatory approval
• Planned 500-ton bulk sample from a zone with gold grades over 1 oz/ton and up to 4.8 oz/ton
• Ore is highly amenable to simple crush and gravity table recovery
• Mt. Vernon Mine has an estimated deposit of 954,000 tons
• Modern mine infrastructure and equipment already on-site

Negative

• Mt. Vernon Mine is described as a 'largely undeveloped deposit', indicating potential risks and uncertainties
• Regulatory approval from MSHA still pending for production commencement

BISHOP, Calif., Sept. 11, 2024 (GLOBE NEWSWIRE) -- North Bay Resources Inc. (the “Company” or “North Bay”) (OTC: NBRI) is pleased to announce the Operating Plan for the Company’s Mt. Vernon Gold Mine is now complete and ready for filing and approval, as required, with Federal Mine Regulators (MSHA) for the commencement of production. Detailed 3D modelling (see Diagrams 1-3), ore extraction, surface operations, as well as safety and logistical planning are largely complete. Modern mine infrastructure, including mining equipment and certain consumables are currently on-site. The first phase of mining will be to blast, load, sort and ship 500 tons from the heart of the deposit. This zone has shown consistent gold grades over 1 ounce and up to 4.8 ounces per ton over 150 feet. This material will be used for optimization of the mining, milling, and metallurgy, and for production of gold bars and platinum buttons for final sale. Previous concentration and extraction testing of gold, platinum and silver by gravity separation has indicated the ore is highly amicable to a simple crush and gravity table recovery (see Press Release dated August 22, 2024) and is well suited to the Company’s 100 ton per day Bishop Gold Mill, located in Inyo County.

Diagram 1. High grade Gold Sampling Locations

Diagram 2. Oblique View of High-Grade Gold Shell

Diagram 3. Plan View of Global Channel

Mt. Vernon Mine

The Mt. Vernon Mine is a largely undeveloped deposit. Sampling, by qualified mining engineers, have assayed greater than 1 ounce per ton, and up to 4.8 ounces per ton, continuously reported over 150 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

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.

Photos accompanying this release are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/fa92d7e2-3b1e-4241-9985-1918ae8f7d55
https://www.globenewswire.com/NewsRoom/AttachmentNg/3b2bc906-e4b1-46f8-a5d3-bd6599955723
https://www.globenewswire.com/NewsRoom/AttachmentNg/ae2357e3-35b9-4e69-96f0-c0daf767b93b

FAQ

What is the planned bulk sample size for North Bay Resources' Mt. Vernon Gold Mine (NBRI)?

North Bay Resources plans to extract a 500-ton bulk sample from the Mt. Vernon Gold Mine for optimization of mining, milling, and metallurgy processes.

What are the reported gold grades at North Bay Resources' Mt. Vernon Gold Mine (NBRI)?

The Mt. Vernon Gold Mine has shown consistent gold grades over 1 ounce and up to 4.8 ounces per ton over 150 feet in the targeted zone.

What is the estimated deposit size of North Bay Resources' Mt. Vernon Gold Mine (NBRI)?

The ore body at the Mt. Vernon Gold Mine is estimated at 954,000 tons based on the known channel, according to the press release.

What processing method will North Bay Resources (NBRI) use for the Mt. Vernon Gold Mine ore?

The ore from Mt. Vernon Gold Mine is highly amenable to simple crush and gravity table recovery, which will be processed at the company's 100 ton per day Bishop Gold Mill.