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North Bay Resources Announces X-Ray Silver Mine 50/50 JV with Past Production Grading 1,072 Ounces per Ton Silver, Lander County, Nevada
North Bay Resources Announces X-Ray Silver Mine 50/50 JV with Past Production Grading 1,072 Ounces per Ton Silver, Lander County, Nevada.
About this update from North Bay Resources, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n North Bay Resources Announces X-Ray Silver Mine 50/50 JV with Past Production Grading 1,072 Ounces per Ton Silver, Lander County, Nevada\r\n \r\n \r\n\r\n\r\nNorth Bay Resources Announces X-Ray Silver Mine 50/50 JV with Past Production Grading 1,072 Ounces per Ton Silver, Lander County, Nevada\r\n\r\n\r\n\r\n\r\n\r\nBISHOP, Calif., Sept. 08, 2025 (GLOBE NEWSWIRE) -- North Bay Resources, Inc. (the “Company” or “North Bay”) (OTC: NBRI) is pleased to announce it has entered into a 50/50 Joint Venture (the “Joint Venture”) earn-in agreement with Toiyabe Kona Exploration, LLC. (the “JV Partner”), regarding the Silver Strike Concessions (the “Concessions” or “Property”), located in Lander County, Nevada. The Concessions include the past producing X-Ray Mine, OK Mine, Dudley-B Shaft and nearby workings with reported grades from production as follows (USGS Bulletin 997): \r\n \r\n Mine\r\n Au Opt\r\n Ag Opt\r\n \r\n \r\n X-Ray Mine\r\n -\r\n 1,072\r\n \r\n \r\n OK Mine\r\n 0.13\r\n 750\r\n \r\n \r\n Dudley-B Shaft\r\n 2.17\r\n 500\r\n \r\n Reese River District History Historical production of the Reese River District during its initial years of operation 1865-1891 are reported as 1,527,994 tons valued at $24,930,310 at a time where the price of silver averaged $1.15 per ounce reflecting production of approximately 21,678,530 ounces of silver which at today’s price of $40.93 (Sept. 5, 2025) equates to $887,302,250. The production numbers are confirmed by Wells Fargo record of shipment to San Francisco (USGS Bulletin 997). It is reported in official reports that mines in the area were not abandoned as a result of depletion but that lower grade material of less than 100 ounces per ton silver was left at the lower levels in favor of high-grade material both locally and subsequently in other districts as discoveries occurred. A drop in the price of silver in the 1890’s led to large scale production stoppage, while a later significant return to production occurred, with recovery in the price of silver, the area had fallen out of favor and limited new exploration and development occurred.   At the Lander Hill area proximate to Austin, Nevada, grades greater than 500 ounces per ton silver were common and 1000-5000 ounce...