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North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia.
About this update from North Bay Resources, Inc.
[{"type":"text","content":"\n BISHOP, Calif., June 18, 2024 (GLOBE NEWSWIRE) -- North Bay Resources Inc. (the “Company” or “North Bay”) (OTC: NBRI) is pleased to announce assays have been received from recent exploration at its Fran Gold Joint Venture (the “Property” or “Fran”). Assays were taken over a wide area of known gold mineralization across pre-existing trenches A through E. Assays from separate composite samples from trenches B and C resulted in near identical results of 0.5 troy ounces per ton of gold. This central area of the Property is recognized as the richest area in the Bullion Alley Zone, and is supported by extensive drilling, reflecting a potential feeder zone. This area remains the focus of upcoming bulk sampling. In addition, trenches A and B, assayed 0.9% copper with high iron. Assays were completed at ALS Global Laboratory, North Vancouver, BC, utilizing fire assay with atomic absorption finish for gold, ALS Method Au-AA25 and 36 Element Aqua Regia ICP for other minerals, ALS Method ME-ICP41.   Results as follows: Sample IDTrench IDAu Troy Oz per TonAg Troy Oz per TonCu %Zn %Fe %S %3601E0.080.220.130.0111.11.633602E0.090.120.140.019.241.753603D0.030.120.110.028.793.73604C0.531.20.091.344.852.073605B0.441.750.90.3234.9103606A0.140.070.90.0228.610  North Bay currently awaits metallurgical test results that will define the specific compounds of the mineralization. This will assist the Company in determining the applicability of gravity and flotation recovery methods for the separation of the gold. Fran Gold Project North Bay has entered a 50/50 joint venture earn-in agreement with MGX Minerals, Inc., regarding the Fran Gold Project, British Columbia. The Property is 34,360 acres and is located 20 miles from Centerra Gold’s 60,000 tonne per day Mt. Milligan Copper, Gold Mine (299Mt @ 0.22% Cu, .45 g/t Au). To date there has been in excess of 50,000 feet of diamond drilling in 104 holes at Fran, primarily at the Bullion Alley Zone. A gold deposit, 3700 feet in length, with width of up to 120 feet, and depth of over 700 feet has been delineated. The deposit contains 3 to 4 well defined parallel gold veins grading up to 2.6 troy ounces of gold per ton as well as wide sections of low and mid-grade gold in veins and disseminated in veinlets throughout the deposit. Surface t...