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North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz/ton Silver, Sierra County, California
North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz/ton Silver, Sierra County, California.
About this update from North Bay Resources, Inc.
[{"type":"text","content":"\n BISHOP, Calif., Aug. 22, 2024 (GLOBE NEWSWIRE) -- North Bay Resources Inc. (the “Company” or “North Bay”) (OTC: NBRI) is pleased to announce results from gravity recovery testing of run-of-mine ore from the Mt. Vernon Gold Mine. The run-of-mine ore was crushed in a ball mill to minus 60 mesh and run over a gravity recovery table resulting in two concentrate streams at approximately 10x concentration of gold with assay results as follows: Sample I.D.GoldPlatinumSilver oz/tonoz/tonoz/ton#C1 MV Cons11.9517.547.79#C2 MV Cons11.382.205.59     The testing was completed at Enviro-Chem Analytical Laboratory using run-of-mine ore from the main channel at the Mt. Vernon Gold Mine. While metallurgical testing is ongoing, initial results have confirmed the viability of extraction of gold, platinum, and silver using a basic grind and gravity recovery circuit. The test circuit is essentially identical to the grind and gravity recovery circuit at the Company’s 100 ton per day Bishop Gold Mill. With mine and mill start-up currently underway, and as a result of the successful extraction and concentration of gold, the Company has begun testing of the on-site metals furnace and related equipment at the Mill for the purpose of upgrading concentrate into and pouring Dore bars and producing platinum buttons for shipment to the metals refinery in Reno, Nevada. Platinum This is the first known discovery of platinum at Mt. Vernon. There has been little historical work done on platinum at Mt. Vernon. The region, in general, is not known for platinum. The Company is completing further work on this aspect of the deposit to further understand the gold-platinum relationship and the potential for increasing the per ton value of the ore by up to 50% in select concentrate streams. Recent results show a recoverable gold to platinum ratio of up to 1:1.5 through basic grind and gravity separation. Gravity recoverable platinum, while rare is not unknown in placer type deposits. The discovery of gravity recoverable platinum represents a significant advancement at the Mt. Vernon Gold Mine. 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, v...