North Bay Resources Achieves Remarkable Gold Production Milestone
North Bay Resources Achieves Gold Production Goals
North Bay Resources Inc. (OTC: NBRI) proudly announces a significant achievement in its gold production efforts. The company has successfully produced a concentrate grading an impressive 8.52 ounces per ton of gold. This remarkable result stems from the utilization of the gravity circuit at the Bishop Gold Mill, specifically processing ore sourced from its Fran Gold Project.
Continued Success with Metallurgical Studies
This outcome aligns closely with the findings from recent metallurgical studies, which had previously indicated a production of 8.54 ounces per ton using gravity separation methods. North Bay is actively engaged in processing ore and optimizing the mill in collaboration with a dedicated refinery partner, ensuring maximal efficiency and productivity.
Exploring the Fran Gold Project
The Fran Gold Project encompasses a vast property of 34,360 acres, strategically located near notable mining operations. It is situated approximately 20 miles from Centerra Gold’s Mt. Milligan mine, which processes an impressive 60,000 tons of material per day. The extensive drilling efforts at Fran, including over 50,000 feet of diamond drilling across 104 holes, have primarily focused on the promising Bullion Alley Zone.
Understanding the Gold Deposit
The delineated gold deposit is a noteworthy 3,700 feet in length, with widths reaching up to 120 feet and depths exceeding 700 feet. This deposit features 3 to 4 well-defined gold veins, yielding grades of up to 2.6 troy ounces of gold per ton. In addition, significant zones with lower and mid-grade gold are present throughout the structure, which have been identified during surface trenching activities.
Surface Material and Potential Discoveries
One of the exciting aspects of the Fran Gold Project is the identification of a near-surface sub-zone where gold-bearing veins broaden and become easily accessible. Assays have also shown substantial copper and silver content, with samples revealing copper grades up to 1.68% and silver concentrations reaching 5.1 troy ounces per ton. This combination indicates promising potential for additional gold and copper discoveries across the property.
Resources for Future Growth
Furthermore, North Bay Resources has identified approximately 5,000 tons of surface material readily available for shipment, further enhancing the project’s outlook. This not only positions the company for continued success but also highlights its commitment to exploring additional opportunities within the region.
Leadership and Contact Information
On behalf of the Board of Directors of North Bay Resources Inc., CEO Jared Lazerson emphasizes the importance of these developments. For any further inquiries or information, individuals can reach out via the contact details listed below:
Email: info@northbay-resources.com
Website: northbay-resources.com
Social Media: Follow North Bay on X: @NorthBayRes
Frequently Asked Questions
What is the significance of the 8.52 ounces per ton production?
This production level indicates high-quality concentrate, reflecting the company’s effective mining operations and processing capabilities.
How does the Fran Gold Project compare to other mining operations?
The Fran Gold Project is strategically located near major mining operations, benefiting from infrastructure and geological similarities that enhance its potential.
Who is the key management contact at North Bay Resources?
The CEO, Jared Lazerson, is the primary management contact, providing strategic direction and oversight for the company's operations.
What is the future outlook for the Fran Gold Project?
The project holds significant promise for discovering further mineral resources, bolstered by ongoing exploration and optimization efforts.
How can I stay updated on North Bay Resources developments?
Interested parties can follow North Bay Resources on their social media platforms and subscribe to updates through their official website.
About The Author
Contact Kelly Martin privately here. Or send an email with ATTN: Kelly Martin as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.
