North Bay Resources Announces Mt. Vernon Gold Mine Startup, Sierra County, California
North Bay Resources Inc. (OTC: NBRI) has announced the initiation of production preparations at its Mt. Vernon Gold Mine in Sierra County, California. The company has completed underground exploration, including extensive channel sampling of 150 feet of developed mining faces. The mine is targeting production of 100 tons per day of high-grade material for shipment to the company's Bishop Gold Mill.
North Bay is aiming for a net production of 80 ounces of gold per day from the combined Mt. Vernon Gold Mine and Bishop Gold Mill operations. The Mt. Vernon Mine is estimated to have an ore body of 954,000 tons. The company has also completed exploration at its Murex Copper-Gold Project in British Columbia and received positive results from its Fran Gold Project Joint Venture.
North Bay Resources Inc. (OTC: NBRI) ha annunciato l'inizio dei preparativi per la produzione presso la sua Miniera d'Oro di Mt. Vernon nella Contea di Sierra, California. L'azienda ha completato l'esplorazione sotterranea, inclusi ampi campionamenti di canali su 150 piedi di fronti minerari sviluppati. La miniera punta a una produzione di 100 tonnellate al giorno di materiale di alta qualità da spedire al Bishop Gold Mill dell'azienda.
North Bay mira a una produzione netta di 80 once d'oro al giorno dalle operazioni combinate della Miniera d'Oro di Mt. Vernon e del Bishop Gold Mill. Si stima che la Miniera di Mt. Vernon abbia un corpo minerario di 954.000 tonnellate. L'azienda ha inoltre completato l'esplorazione del suo Progetto Rame-Oro Murex in British Columbia e ha ricevuto risultati positivi dalla sua Joint Venture del Progetto Fran Gold.
North Bay Resources Inc. (OTC: NBRI) ha anunciado el inicio de los preparativos de producción en su mina de oro Mt. Vernon en el condado de Sierra, California. La empresa ha completado la exploración subterránea, incluyendo exhaustivas muestreo de canales de 150 pies de frentes de minería desarrollados. La mina tiene como objetivo una producción de 100 toneladas por día de material de alta calidad para el envío a la fábrica de oro Bishop de la empresa.
North Bay aspira a una producción neta de 80 onzas de oro por día de las operaciones combinadas de la mina de oro Mt. Vernon y la fábrica de oro Bishop. Se estima que la mina Mt. Vernon tiene un cuerpo de mineral de 954,000 toneladas. La empresa también ha completado la exploración de su proyecto de cobre-oro Murex en Columbia Británica y ha recibido resultados positivos de su Joint Venture del Proyecto Fran Gold.
North Bay Resources Inc. (OTC: NBRI)는 캘리포니아 시에라 카운티에 위치한 Mt. Vernon 금광의 생산 준비 시작을 발표했습니다. 회사는 150피트의 광구에서의 광물 샘플링을 포함한 지하 탐사를 완료했습니다. 이 광산은 100톤의 고품질 소재를 생산하여 회사의 Bishop Gold Mill로 배송하는 것을 목표로 하고 있습니다.
North Bay는 Mt. Vernon 금광과 Bishop Gold Mill의 운영을 통해 하루에 80온스의 금을 순 생산할 계획입니다. Mt. Vernon 광산은 954,000톤의 광체를 가지고 있는 것으로 추정됩니다. 또한, 회사는 브리티시 컬럼비아의 Murex 구리-금 프로젝트에 대한 탐사를 완료하였고 Fran Gold 프로젝트의 공동 투자에서 긍정적인 결과를 받았습니다.
North Bay Resources Inc. (OTC: NBRI) a annoncé le début des préparatifs de production pour sa mine d'or de Mt. Vernon dans le comté de Sierra, en Californie. L'entreprise a terminé l'exploration souterraine, y compris un échantillonnage de canaux de 150 pieds de fronts miniers développés. La mine vise une production de 100 tonnes par jour de matériel de haute qualité à expédier à la Bishop Gold Mill de l'entreprise.
North Bay vise une production nette de 80 onces d'or par jour des opérations combinées de la mine d'or de Mt. Vernon et de la Bishop Gold Mill. La mine de Mt. Vernon est estimée à avoir un gisement de 954 000 tonnes. L'entreprise a également terminé l'exploration de son projet de cuivre-or Murex en Colombie-Britannique et a reçu des résultats positifs de sa coentreprise du projet Fran Gold.
North Bay Resources Inc. (OTC: NBRI) hat den Beginn der Produktionsvorbereitungen in seiner Goldmine Mt. Vernon im Sierra County, Kalifornien, bekannt gegeben. Das Unternehmen hat die unterirdische Erkundung abgeschlossen, einschließlich umfangreicher Kanalprobenahmen auf 150 Fuß von entwickelten Bergbauflächen. Die Mine hat das Ziel, 100 Tonnen pro Tag an hochwertigem Material für den Versand an die Bishop Gold Mill des Unternehmens zu produzieren.
North Bay strebt eine Nettoproduktion von 80 Unzen Gold pro Tag aus den kombinierten Betrieben der Goldmine Mt. Vernon und der Bishop Gold Mill an. Es wird geschätzt, dass die Mine Mt. Vernon eine Erzmasse von 954.000 Tonnen aufweist. Das Unternehmen hat außerdem die Erkundung seines Murex Kupfer-Gold-Projekts in British Columbia abgeschlossen und positive Ergebnisse aus seinem Fran Gold Projekt Joint Venture erhalten.
- Initiation of production preparations at Mt. Vernon Gold Mine
- Targeting production of 100 tons per day of high-grade material
- Aiming for net production of 80 ounces of gold per day from combined operations
- Estimated ore body of 954,000 tons at Mt. Vernon Mine
- Positive exploration results from Murex Copper-Gold Project and Fran Gold Project
- Issuance of 360,000,000 restricted shares to CMC Metals, Inc. at $0.0004 per share
- Issuance of 73,500,000 restricted shares to ProActive Investor, LLP at $0.0004 per share
- Increase in demand loan from $85,000 to $130,000 bearing 10% per annum interest
BISHOP, Calif., Aug. 05, 2024 (GLOBE NEWSWIRE) -- North Bay Resources Inc. (the “Company” or “North Bay”) (OTC: NBRI) is pleased to announce it has completed underground exploration and has initiated preparations for the commencement of production at its Mt. Vernon Gold Mine located in Sierra County, California. The exploration included extensive vertical and horizontal channel sampling of the 150 feet of developed mining faces both along and perpendicular to the bedrock contact (see Picture 1). Sampling, by qualified geologists and mining engineers, took place above the previously sampled (2023) high grade bedrock contact, where assays greater than 1 ounce per ton, and up to 4.8 ounces per ton, were continuously reported over 150 feet (see Press Release dated July 18, 2024). 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 is the same channel previously mined at the contiguous Ruby Mine which is known to be the richest mine in North America. The purpose of the exploration was to begin delineation of mining blocks, grade control, and to provide information for future tunnel infrastructure and blast pattern design. The initial mine plan has been conceived whereby the high-grade ore at the bedrock contact will be extracted in what is known as panel mining. Panel mining allows for extraction of mining blocks with significant length and width, but limited vertical extent, resulting in only high-grade material being shipped for milling. The Company expects assays shortly which will be used to initiate mining operations and determine underground drilling locations for the purpose of further delineating the deposit and development of a long term mine plan.
Picture 1.
Production
The Company’s mining contractor has arrived on site for operational evaluation and planning, review of infrastructure, equipment, and further delineation of mining blocks. In addition, the Company’s mining contractor will determine blast patterns, estimations of load size, traffic control, and production metrics as well as planning for final details of operational requirements including manpower, consumables, and underground drilling locations for the purpose of further resource delineation. Pending final regulatory inspections, the Company will commence operations. The Company is targeting production of 100 tons per day of high-grade material for shipment to the Company’s 100 ton per day Bishop Gold Mill, located in Inyo County, California. The Company is currently targeting net production of 80 ounces of gold per day from the combined Mt. Vernon Gold Mine and Bishop Gold Mill Operations.
Mt. Vernon Gold Mine
The Mt. Vernon Mine is a largely undeveloped deposit, proximate to some of the richest past producing gold mines 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).
The channel varies in thickness from 4 feet to as much as 20 feet thick. Typically, the lower 4 feet of the gravels contain the higher grades. A 90-ounce nugget was found on the Property in 1926. The Property is located directly adjacent and upstream from the neighboring Ruby Mine. The Ruby produced what is considered to be the best collection of gold nuggets in the world. The Property is located upstream between the rich lode deposit, the source of the gold, and the Ruby Mine and on the same channel as the Ruby Mine.
Murex Copper-Gold Exploration
The Company has recently completed exploration at its Murex Copper-Gold Project located in British Columbia. The exploration was focussed on known high-grade gold bearing zones to further understand the relationship between the gold showings and the large copper deposit. Extensive sampling and geological mapping of the known and new gold showings on the property were completed, assays are now pending.
Fran Gold Exploration
The Company has received the results of compound analyses from high grade material of 0.5 ounces per ton and lower grade 0.1 ounce per tone material from recent exploration at the Fran Gold Project Joint Venture, British Columbia. QEMSCAN results indicate no potential metallurgical issues in recovery as a result of gold combined in a non-standard or otherwise bound up or refractory compound structure. The Company is proceeding with permitting for extraction of high-grade material confirmed at surface in high grade trenches, averaging 0.5 ounces per ton over significant widths and known to extend many hundreds of feet in depth as result of historical drilling. There have been 110 holes drilled at or near the Bullion Alley Zone on the Fran Property totalling greater than 55,000 feet. The Company has commenced additional exploration at Fran for the purposes of further delineation of the ore body for extraction and examination of other known but under explored gold and copper bearing zones. Crews are currently on-site and expected to complete work by mid-August.
Corporate Update
The Company has issued 360,000,000 restricted shares to CMC Metals, Inc. at a price of
On behalf of the Board of Directors of
NORTH BAY RESOURCES INC.
Jared Lazerson
CEO
info@northbay-resources.com
northbay-resources.com
X: @NorthBayRes
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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/143aeea9-6b88-44da-8394-5b37335a9c73
FAQ
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