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North Bay Resour - NBRI STOCK NEWS

Welcome to our dedicated page for North Bay Resour news (Ticker: nbri), a resource for investors and traders seeking the latest updates and insights on North Bay Resour stock.

NORTH BAY RESOURCES INC (symbol: NBRI) is a company focused on acquiring and developing mineral properties with a primary interest in the Bishop Gold Mill project. Recently, the company entered into an agreement with CMC Metals Ltd. to acquire a majority stake in 0877887 BC Ltd. As a result, North Bay now operates the Bishop Gold Mill project. CEO Jared Lazerson, also the CEO and shareholder of 1436132 B.C. Ltd, is not affiliated with CMC. The company's latest exploration assays in April 2024 show promising results.

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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.

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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.

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North Bay Resources Inc. (OTC: NBRI) has announced two significant developments:

1. Commencement of gold ore shipments from the Fran Gold Project to the Company's Bishop Gold Mill. Initial shipment of 44 tons of surface material grading 1.2 to 2.3 ounces gold per ton.

2. Joint venture agreement to acquire a 50% interest in the Taber Mine in Sierra County, California. The mine is contiguous with the Union-Keystone Mine, which has produced over 1.1 million ounces of gold.

Additionally, the company has issued shares for debt conversion and entered into a digital marketing agreement.

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North Bay Resources Inc. (OTC: NBRI) has announced high-grade gold assays from its Fran Gold Joint Venture in British Columbia. Samples from the Bullion Alley Zone near trenches B and C yielded gold assays up to 2.2 ounces per ton. The central area is recognized as the richest in the Bullion Alley Zone, supported by extensive sampling and over 50,000 feet of diamond drilling in 104 holes. A gold deposit from surface, 3700 feet in length, up to 120 feet wide, and over 700 feet deep has been delineated. Recent exploration in Spring 2024 prompted further investigation, resulting in multiple high-grade assays exceeding 1 ounce per ton during the Summer 2024 program.

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North Bay Resources Inc. (OTC: NBRI) has announced promising results from gravity recovery testing of run-of-mine ore at its Mt. Vernon Gold Mine in Sierra County, California. The tests yielded high-grade concentrates containing gold (up to 11.95 oz/ton), platinum (up to 17.54 oz/ton), and silver (up to 7.79 oz/ton). This marks the first known discovery of platinum at Mt. Vernon, potentially increasing the ore value by up to 50% in select concentrate streams.

The company has begun testing its on-site metals furnace to produce Dore bars and platinum buttons for shipment to a refinery in Reno, Nevada. The Mt. Vernon Mine is estimated to contain 954,000 tons of ore with consistent assays over 1 ounce per ton across a 200-foot-wide gold-bearing zone. North Bay is also conducting exploration at its Murex Copper-Gold Project and Fran Gold Joint Venture.

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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.

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North Bay Resources Inc. (OTC: NBRI) has acquired the Mt. Vernon Gold Mine in Sierra County, California. The mine is a largely undeveloped deposit with assays up to 4.8 oz. Au per ton. Key points:

1. The property spans 120 acres with two types of gold mineralization.
2. Recent channel sampling yielded high-grade results.
3. North Bay plans to start test mining immediately, targeting 100 tons per day.
4. The ore body is estimated at 954,000 tons.
5. Acquisition terms include payments totaling $10 million over 5 years.
6. The property will be subject to a 2% Net Smelter Return (NSR).

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North Bay Resources (OTC: NBRI) has announced the successful completion of flooding and operational tests of flotation cells and frothing equipment at the Bishop Gold Mill in Bishop, California. The flotation cells are used to extract gold and sulphides from host rock. Initial tests have been promising, with assays from the Fran Gold Joint Venture confirming 0.5 troy ounces of gold per ton from surface material. The company aims to process an initial 5,000 tons of material, equating to approximately 2,500 troy ounces of gold. Metallurgical analyses are ongoing to determine the composition and efficacy of reagents used. North Bay continues to explore gold mine acquisitions and joint ventures in the Western US and Canada, aiming to secure more gold resources to support the Bishop Mill and potential expansions.

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North Bay Resources announced the results of recent exploration at its Fran Gold Joint Venture in British Columbia. Assays from trenches B and C revealed gold concentrations of 0.53 and 0.44 troy ounces per ton, respectively, marking the Bullion Alley Zone as a significant area for potential gold extraction. Additional assays from trenches A and B indicated 0.9% copper content.

The assays were conducted at ALS Global Laboratory using fire assay and ICP methods. The Fran Gold Project is a 50/50 joint venture with MGX Minerals, encompassing 34,360 acres. Extensive drilling has identified substantial gold deposits, including a 3,700-foot-long deposit with veins containing up to 2.6 troy ounces of gold per ton.

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North Bay Resources (NBRI) has announced promising assay results from its Tulameen Platinum Project in British Columbia. The assays indicate significant concentrations of magnesium (up to >25%), nickel (0.1%), copper (0.1%), cobalt (0.01%), and platinum (0.3 ppm). Nine rock samples analyzed in April 2024 at ALS Global Laboratory confirmed the presence of a magnesium-hosted nickel-cobalt deposit with copper and platinum group metals. Historical data estimates 15 million tons of olivine (magnesium) in the property. Key geological zones such as Creek, South, and Ridge zones exhibit promising mineralization. Additionally, the company has increased a promissory note from $35,000 to $85,000 at a 10% annual interest rate.

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FAQ

What is the current stock price of North Bay Resour (nbri)?

The current stock price of North Bay Resour (nbri) is $0.001 as of February 21, 2025.

What is the market cap of North Bay Resour (nbri)?

The market cap of North Bay Resour (nbri) is approximately 9.9M.

What is NORTH BAY RESOURCES INC focused on?

NORTH BAY RESOURCES INC is focused on acquiring and developing mineral properties, with a primary interest in the Bishop Gold Mill project.

Who did NORTH BAY RESOURCES INC recently enter into an agreement with?

NORTH BAY RESOURCES INC recently entered into an agreement with CMC Metals Ltd. to acquire a majority stake in 0877887 BC Ltd.

Who is the CEO of NORTH BAY RESOURCES INC?

The CEO of NORTH BAY RESOURCES INC is Jared Lazerson, who is also the CEO and shareholder of 1436132 B.C. Ltd.

What is the significance of the recent acquisition for NORTH BAY RESOURCES INC?

The recent acquisition allows North Bay to operate the Bishop Gold Mill project.

What do the April 2024 exploration assays reveal?

The April 2024 exploration assays show promising results for NORTH BAY RESOURCES INC.

Is Jared Lazerson affiliated with CMC Metals Ltd.?

Jared Lazerson, the CEO of NORTH BAY RESOURCES INC, has no affiliation with CMC Metals Ltd.

What is the main asset of 0877887 BC Ltd.?

The primary asset of 0877887 BC Ltd. is the Bishop Gold Mill project.

What percentage of 0877887 BC Ltd. did NORTH BAY RESOURCES INC acquire?

NORTH BAY RESOURCES INC acquired 55.5% of 0877887 BC Ltd.

Who is responsible for the remaining payments and share transactions of 0877887 BC Ltd.?

1436132 BC Ltd. remains responsible for the remaining payments and share transactions to acquire 100% interest of 0877887 BC Ltd.

What role does NORTH BAY RESOURCES INC play in the project after the recent agreement?

After the recent agreement, NORTH BAY RESOURCES INC becomes the operator of the Bishop Gold Mill project.
North Bay Resour

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