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North Bay Resources Commences Gold Shipments, Fran Gold Project, British Columbia; Enters Taber Gold Mine JV, Sierra County, California
North Bay Resources Commences Gold Shipments, Fran Gold Project, British Columbia; Enters Taber Gold Mine JV, Sierra County, California.
About this update from North Bay Resources, Inc.
[{"type":"text","content":"\n BISHOP, Calif., Sept. 09, 2024 (GLOBE NEWSWIRE) -- North Bay Resources Inc. (the “Company” or “North Bay”) (OTC: NBRI) is pleased to announce the commencement of gold ore shipments from the Fran Gold Project to the Company’s Bishop Gold Mill. A four-man crew has mobilized to site and the first tractor trailers are schedule to arrive next week. The initial shipment will consist of 44 tons of surface material, manually 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). Upon successful completion of optimization and processing, additional shipping will ramp up and continue through-out the Fall, weather permitting. The Company has identified approximately 5000 tons of target material (see Photo 1) and a substantially larger amount of near surface material in trenches and defined by prior diamond drilling. Photo 1 – Fran Gold Fran Gold Property 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 Gold, primarily at the Bullion Alley Zone. The Fran Contact Zone is defined by 100 degree striking, steeply dipping monzodiorite porphyry/volcaniclastic-hornfels lithology contact where quartz-carbonate-sulphide zones occur along shear zones, as veins, breccia and extension fractures, as infilling, primarily defined by 3 parallel veins varying from 2 feet to 30 feet width over 3000 feet of strike length and 700 feet of depth. Taber Mine Joint Venture The Company is pleased to announce it has entered into an agreement (the “Agreement”) with a private arms-length Company to acquire a 50% interest in the Taber Mine located in Sierra County, California by extracting 5,000 tons of material or spending $1,500,000 within 30 months. The Taber Mine is a largely undeveloped deposit, contiguous and on the same channel as the Union-Keystone Mine, the largest and most prolific producer in the area. The Taber Mine is a permitted underground mine with existing on-site gravity processing and sorting in excess of 100 tons per day. The property ha...