North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting
North Bay Resources Inc. (OTC: NBRI) has commenced test milling operations at its Bishop Gold Mill in California. The company received its first gold ore shipment from the Fran Gold Project, consisting of 22 tons of surface material grading 1.2 to 2.3 ounces gold per ton. The milling process will involve crushing, gravity separation, and flotation to extract gold and other valuable metals.
North Bay has engaged the Sabean Group for media and management consulting, bringing in experienced professionals in media, finance, and engineering. The company has also received positive reports on its tailings pond and is completing various technical studies and plans for the mill start-up.
Additionally, North Bay provided updates on its Mt. Vernon Gold Mine, where operations are expected to commence in October, and the Taber Gold Mine, where rehabilitation work continues.
North Bay Resources Inc. (OTC: NBRI) ha avviato le operazioni di test di macinazione presso il suo Bishop Gold Mill in California. L'azienda ha ricevuto la sua prima spedizione di minerale d'oro dal Fran Gold Project, composta da 22 tonnellate di materiale superficiale con un grado di 1,2-2,3 once d'oro per tonnellata. Il processo di macinazione prevede la frantumazione, la separazione per gravità e la flottazione per estrarre oro e altri metalli preziosi.
North Bay ha ingaggiato il Sabean Group per consulenze media e di gestione, portando professionisti esperti nei settori dei media, della finanza e dell'ingegneria. L'azienda ha inoltre ricevuto rapporti positivi sul suo bacino di scorie e sta completando vari studi tecnici e piani per l'avvio del mulino.
In aggiunta, North Bay ha fornito aggiornamenti sulla sua Mt. Vernon Gold Mine, dove le operazioni sono previste per ottobre, e sulla Taber Gold Mine, dove continuano i lavori di riabilitazione.
North Bay Resources Inc. (OTC: NBRI) ha comenzado las operaciones de molienda de prueba en su Bishop Gold Mill en California. La compañía recibió su primer envío de mineral de oro del Fran Gold Project, compuesto por 22 toneladas de material superficial con un grado de 1,2 a 2,3 onzas de oro por tonelada. El proceso de molienda implicará trituración, separación por gravedad y flotación para extraer oro y otros metales valiosos.
North Bay ha contratado al Sabean Group para consultoría de medios y gestión, incorporando profesionales experimentados en medios, finanzas e ingeniería. La compañía también ha recibido informes positivos sobre su estanque de relaves y está completando varios estudios técnicos y planes para el inicio de la molienda.
Además, North Bay proporcionó actualizaciones sobre su Mt. Vernon Gold Mine, donde se espera que las operaciones comiencen en octubre, y sobre la Taber Gold Mine, donde continúan los trabajos de rehabilitación.
노스 베이 리소스(North Bay Resources Inc. (OTC: NBRI))가 캘리포니아의 비숍 금광(Bishop Gold Mill)에서 시험 밀링 작업을 시작했습니다. 이 회사는 프랜 금 프로젝트(Fran Gold Project)에서 22톤의 표면 재료가 포함된 첫 번째 금광 원료를 수령하였으며, 이는 톤당 1.2에서 2.3온스의 금의 함량을 자랑합니다. 밀링 과정은 금과 기타 귀금속을 추출하기 위해 분쇄, 중력 분리 및 부유 밀도를 포함합니다.
노스 베이는 미디어 및 관리 컨설팅을 위한 사비안 그룹(Sabean Group)을 고용하여 미디어, 재무 및 엔지니어링 분야의 경험 많은 전문가들을 포함시켰습니다. 또한 이 회사는 재활용 저수지에 대한 긍정적인 보고를 받고 있으며, 밀링 시작을 위한 다양한 기술 연구와 계획을 완료하고 있습니다.
추가로, 노스 베이는 먼튼 버논 금광(Mt. Vernon Gold Mine)에 대한 업데이트를 제공하였으며, 이 곳의 운영은 10월에 시작될 예정이고, 태버 금광(Tabber Gold Mine)에서는 재활 작업이 계속되고 있습니다.
North Bay Resources Inc. (OTC: NBRI) a commencé les opérations de test de broyage dans son Bishop Gold Mill en Californie. L'entreprise a reçu sa première expédition de minerai d'or du projet Fran Gold, comprenant 22 tonnes de matériau de surface avec une teneur de 1,2 à 2,3 onces d'or par tonne. Le processus de broyage impliquera le concassage, la séparation gravitaire et la flottation pour extraire l'or et d'autres métaux précieux.
North Bay a engagé le Sabean Group pour des conseils médiatiques et de gestion, faisant appel à des professionnels expérimentés dans les domaines des médias, des finances et de l'ingénierie. L'entreprise a également reçu des rapports positifs concernant son bassin de déchets et achève diverses études techniques et plans pour le démarrage de l'usine.
De plus, North Bay a fourni des mises à jour sur sa Mt. Vernon Gold Mine, où les opérations devraient commencer en octobre, et sur la Taber Gold Mine, où les travaux de réhabilitation se poursuivent.
North Bay Resources Inc. (OTC: NBRI) hat die Testmahlbetriebe in seiner Bishop Gold Mill in Kalifornien aufgenommen. Das Unternehmen erhielt seinen ersten Goldorerlieferung aus dem Fran Gold Project, das aus 22 Tonnen Oberflächenmaterial mit einem Gehalt von 1,2 bis 2,3 Unzen Gold pro Tonne besteht. Der Mahlprozess umfasst Zerkleinern, Schwerkrafttrennung und Flotation, um Gold und andere wertvolle Metalle zu extrahieren.
North Bay hat die Sabean Group für Medien- und Managementberatung engagiert, um erfahrene Fachleute aus den Bereichen Medien, Finanzen und Ingenieurwesen hinzuzufügen. Das Unternehmen hat außerdem positive Berichte über seinen Rückstandsteich erhalten und arbeitet an verschiedenen technischen Studien und Plänen für den Start der Mühle.
Darüber hinaus gab North Bay Updates zu seiner Mt. Vernon Gold Mine, wo die Arbeiten im Oktober beginnen sollen, und zur Taber Gold Mine, wo die Sanierungsarbeiten fortgesetzt werden.
- Commencement of test milling operations at Bishop Gold Mill
- First gold ore shipment received, grading 1.2 to 2.3 ounces gold per ton
- Engagement of experienced management consulting team
- Positive tailings pond inspection report
- Planned commencement of Mt. Vernon Gold Mine operations in October
- High transportation costs of $150 per ton for long haul trucking
- Delayed cash compensation for Sabean Group until January 2025
- Potential share dilution due to issuance of share purchase options to Sabean Group
BISHOP, Calif., Sept. 25, 2024 (GLOBE NEWSWIRE) -- North Bay Resources Inc. (the “Company” or “North Bay”) (OTC: NBRI) is pleased to announce the arrival of its first gold ore shipment from the Company’s Fran Gold Project and commencement of test milling operations. Starting today the Company will begin testing and optimization of milling for extraction of gold from ore. The first phase will involve testing of the jaw crusher to reduce the ore to minus ½” for feed into the ball mill for further reduction to minus 150 mesh and then moved as a slurry to the gravity separation table for extraction of free gold and other valuable metals. This will then be followed by optimization and testing of the flotation cells and reagent formulation with a final phase of further upgrading the flotation concentrate by use of a 2nd gravity table and report to tailings. The free gold and, as applicable, precious metal concentrate will be melted in the on-site furnace for production of Dore bars or similar high-grade instruments for bank vault storage or shipment to the gold refinery in Reno, Nevada. The initial shipment consisted of 22 tons of surface material loaded into one metric tonne (2200 lbs.) super-sacks and placed on flat-bed tractor trailers. The target material was recently assayed and graded 1.2 to 2.3 ounces gold per ton (see Press Release dated August 26, 2024). The Company has identified approximately 5000 tons of target material for immediate shipment and a substantially larger amount of near surface material in trenches and defined by prior diamond drilling.
Management Update
The Company has engaged the Sabean Group for media and management consulting. The Sabean Group is founded by content executive Tim Sabean, one of the most highly regarded experts in modern media, serving previously as the founder of the Howard Stern Channels on SiriusXM, spanning a 30 year career building content brands for some of the biggest brands in media. Gil Edwards, has served in leadership roles at CBS Radio and SiriusXM developing media brands and top-tier spoken word entertainment content. Mr. Edwards has over a decade of digital product leadership and strategy, working on start-up platforms in streaming audio, video and mobile development. Mr. Edwards has an MBA from Villanova University. Jim Keller (CPA) has over 35 years of experience providing financial, administrative, operational and strategic leadership to global software, consulting, distribution, manufacturing and public accounting firms ranging from early-stage to established billion-dollar corporations. Al McGowan is a result-driven executive with a successful record of raising capital to create numerous high growth companies. In addition to being a Member of the Board of Directors of Cambridge Mobile Telematics, the worldwide leader in insurance telematics, Mr. McGowan was the CEO of TrafficCast International, a Founder at Traffic.com and the President of Shadow Broadcast Services. These companies were the industry leaders and innovators in their verticals and resulted in successful exits for investors and employees. Mr. McGowan played a significant role in the development of the oil storage and refining facilities that were part of the Royal Commission for Jubail and Yanbu in Saudi Arabi and worked in the petrochemical, hydroelectric and nuclear fields before spending five years as a facilities engineering and real estate executive in the aerospace industry. Mr. McGowan has a degree in Civil Engineering from the University of Delaware.
Bishop Gold Mill Technical Update
The Company has received a tailings pond inspection report from its environmental engineering firm, NewFields, indicating no issues or degradation of the tailings pond liner in the Waste Management Unit of the Bishop Gold Mill. The Company’s civil and process engineering firm SRK Consulting (Reno) is completing a De-watering Plan and updated Waste Management and Closure financial projection (2024 dollars), both will be used to determine if bond requirement will be adjusted by regulators. Currently, the Company has a
Current transportation costs from the Fran Gold Project to the Bishop Gold Mill, are currently
Mt. Vernon Gold Mine
The Company’s mine contractor has filed the required Federal Mining Authority (MSHA) operating plan and expects to commence operations in October. The initial detailed extraction plan for the drill, blast, load, and removal of a 500-ton high grade bulk sample is being updated and completed, based on prior 3D modelling, by the Company’s mine engineering consultant, RESPEC Company, and is expected shortly; site preparations are expected to commence thereafter.
Taber Gold Mine
Mining crews continue to develop and rehabilitate the Wild Boar Zone approximately 700 feet inside the mine. The primary work has consisted of steel and timber reinforcement of the tunnel and clearing of the historic Wild Boar shaft. Sampling of the three known mining faces will commence once rehabilitation is complete.
Corporate Update
The Sabean Group will receive an initial 100,000,000 incentive share purchase options with a 2-year term and a strike 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
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.
FAQ
What is the grade of the first gold ore shipment received by North Bay Resources (NBRI)?
When is North Bay Resources (NBRI) expected to start operations at the Mt. Vernon Gold Mine?
How much is the current transportation cost for North Bay Resources (NBRI) from the Fran Gold Project to the Bishop Gold Mill?
What consulting group has North Bay Resources (NBRI) engaged for media and management?
