North Bay Resources Announces Promising Gold Assays
North Bay Resources Inc. (the “Company” or “North Bay”) (OTC: NBRI) is thrilled to share the results of several high-grade gold assays from its Fran Gold Joint Venture. These samples were collected from the main area of gold mineralization located at the Bullion Alley Zone, specifically around trenches B and C. The findings reveal impressive gold assays that exceed 1 ounce per ton, with the highest assay reaching an outstanding 2.2 ounces per ton. This indicates a broader area of near-surface mineralization. This central region is recognized as the most productive area within the Bullion Alley Zone, supported by extensive sampling and drilling efforts that have totaled over 50,000 feet of diamond drilling across 104 holes.
Insights from Recent Exploration
A gold deposit has been identified from the surface, extending 3,700 feet in length, with a width of up to 120 feet and a depth of over 700 feet. During the Spring exploration program, the B and C Sub-Zones were re-established, and composite samples from both trenches yielded assays of 0.53 and 0.44 troy ounces per ton, respectively. This has encouraged further exploration in a wider area during the upcoming Summer exploration program.
Results from Summer 2024 Exploration
Here are the results from the Summer 2024 exploration:
Sample ID: 3621 - B Zone - 0.31 gold oz. per ton, 0.07 silver oz. per ton
Sample ID: 3623 - B Zone - 2.27 gold oz. per ton, 0.31 silver oz. per ton
Sample ID: 3624 - B Zone - 0.31 gold oz. per ton, 0.03 silver oz. per ton
Sample ID: 3625 - B Zone - 1.23 gold oz. per ton, 0.1 silver oz. per ton
Sample ID: 3626 - C Zone - 1.84 gold oz. per ton, 2.45 silver oz. per ton
Sample ID: 3628 - C Zone - 1.62 gold oz. per ton, 0.24 silver oz. per ton
Sample ID: 3629 - C Zone - 0.55 gold oz. per ton, 0.08 silver oz. per ton
These assays were conducted at ALS Global Laboratory, utilizing fire assay methods along with atomic absorption finish for gold analysis. Other minerals were analyzed using the ALS Method ME-ICP41.
Overview of the Fran Gold Property
The Fran Gold Property encompasses 34,360 acres and is strategically positioned near a major mining operation. To date, over 50,000 feet of diamond drilling has been completed, primarily targeting the Bullion Alley Zone. The Fran Contact Zone features a steeply dipping monzodiorite porphyry and volcaniclastic-hornfels lithology contact, where quartz-carbonate-sulphide zones are located along shear zones, appearing as veins and in breccia formations that vary in width from 2 to 30 feet. The central area around Trenches B and C continues to be a focal point for ongoing exploration and development.
Bulk Sampling and Testing Initiatives
A surface bulk sample of 5,000 tons has been identified within the larger gold deposit, and mill and metallurgical testing are currently underway. This ongoing exploration is anticipated to yield further insights into the potential of the Fran Gold Project.
Qualified Professionals Involved
Andris Kikauka (P.Geo) has been designated as a Qualified Person in accordance with National Instrument 43-101, ensuring the scientific and technical integrity of this announcement.
About North Bay Resources
North Bay Resources focuses on mining operations, managing the 100 ton per day Bishop Gold Mill and the Mt. Vernon Gold Mine. The Company also holds other projects, including the Murex Copper-Gold Project, the Copper Island Copper-Silver Project, and the Tulameen Platinum Project, underscoring its position as a near-term gold producer. North Bay has a 50/50 Joint Venture partnership in the Fran Gold Project.
Contact Information
For any inquiries, please reach out to:
NORTH BAY RESOURCES INC.
Jared Lazerson
CEO
310-584-7278
info@northbay-resources.com
northbay-resources.com
X: @NorthBayRes
Frequently Asked Questions
What recent findings were reported by North Bay Resources?
North Bay Resources announced several high-grade gold assays from the Fran Gold Project, with gold values reaching as high as 2.2 ounces per ton.
What areas are being focused on for exploration?
The exploration efforts are currently concentrated on the Bullion Alley Zone, particularly around trenches B and C.
What methodologies were used for gold assays?
The assays were performed using fire assay methods complemented by atomic absorption finish for gold, and 36 Element Aqua Regia ICP for other minerals.
How significant is the Fran Gold Property?
The Fran Gold Property spans 34,360 acres and has seen over 50,000 feet of drilling, highlighting its potential for high-grade mineralization.
Who can I contact for more information about North Bay Resources?
For further information, you can contact Jared Lazerson, CEO, at 310-584-7278 or via email at info@northbay-resources.com.
