North Bay Resources Reports Successful Gold Concentrate Testing
North Bay Resources Announces Positive Results from Mt. Vernon Gold Mine
BISHOP, Calif. — North Bay Resources Inc. (the "Company" or "North Bay") (OTC: NBRI) is excited to share results from gravity recovery testing of run-of-mine ore taken from the Mt. Vernon Gold Mine. The ore was processed through a ball mill to a minus 60 mesh particle size before undergoing testing on a gravity recovery table. This process yielded two concentrate streams, showing an approximate 10x concentration of gold. Assay results indicate significant findings, as documented below:
Assay Results from Gravity Recovery Testing
The testing that yielded the remarkable assay results was conducted at Enviro-Chem Analytical Laboratory using ore from the main channel at the Mt. Vernon Gold Mine. Though metallurgical testing is still ongoing, these initial results confirm the potential to extract gold, platinum, and silver using a fundamental grind and gravity recovery system. The test circuit mirrors the grind and gravity recovery system at the Company’s 100 ton per day Bishop Gold Mill.
Sample Assay Results
The assay results from the concentrate streams are impressive, with gold, platinum, and silver levels measured in ounces per ton as follows:
- #C1 MV Cons: 11.95 oz/ton Gold, 17.54 oz/ton Platinum, 7.79 oz/ton Silver
- #C2 MV Cons: 11.38 oz/ton Gold, 2.20 oz/ton Platinum, 5.59 oz/ton Silver
Future Plans for Dore Bars and Platinum Production
As a result of the successful extraction and concentration of these valuable metals, the Company is now preparing to test the onsite metals furnace and related equipment at the Bishop Gold Mill. The objective is to upgrade the concentrate into pourable Dore bars and produce platinum buttons for shipment to a metals refinery.
Significance of Platinum Discovery
This marks the first known discovery of platinum at the Mt. Vernon site, which had previously seen minimal exploration targeted specifically towards platinum extraction. The surrounding area is not widely recognized for its platinum deposits, making this discovery particularly noteworthy. Ongoing analysis will seek to elucidate the gold-platinum relationship and explore the potential to enhance the ore's per ton value by as much as 50% in targeted concentrate streams.
Overview of Mt. Vernon Gold Mine
Mt. Vernon Gold Mine remains largely undeveloped and is strategically located near some of the richest gold mines in North America. It also boasts a permitted underground facility with modern portals, tunnels, ventilation, power systems, and equipment. Current estimates put the ore body at 954,000 tons, supported by the known channel measurements. The access tunnels run through a gold-bearing zone 200 feet wide, characterized by stable assay results frequently exceeding 1 ounce per ton.
Mining Channel Insights
The gold-bearing channel can reach widths of up to 500 feet and extends more than 2000 feet across the property. The channel's thickness varies from 4 feet to 20 feet, with the lower strata typically containing higher concentrations of gold.
Updates on Murex Copper-Gold Exploration
In addition to developments at the Mt. Vernon site, North Bay Resources is also actively engaged in exploration at its Murex Copper-Gold Project. Recent endeavors have confirmed a high-grade NE-SW trend of copper at the surface, and historic copper-gold deposits from the 1980s are being re-evaluated. Further sampling is in progress, and the Company will carry out a detailed reassessment of this property following the completion of the current exploration phase.
Fran Gold Exploration
Exploratory assessments at the Company’s Fran Gold Joint Venture have also been advancing successfully. Assays for recently collected 50-pound samples are pending results. These samples include material from the main Bullion Alley zone where consistent ore grades of 0.5 ounces per ton have been established across a wide area, which continues to be the focus of development efforts.
Company Leadership and Contact Information
North Bay Resources Inc. is led by CEO Jared Lazerson, who champions exploration and development initiatives vital to the Company’s success.
For further inquiries, please contact:
NORTH BAY RESOURCES INC.
Jared Lazerson
CEO
info@northbay-resources.com
northbay-resources.com
Twitter: @NorthBayRes
Frequently Asked Questions
What metals were confirmed from the assay results?
The assay results confirmed the presence of gold, platinum, and silver from the concentrate streams.
How does the current extraction method work?
The extraction method involves crushing the ore through a ball mill followed by processing it through a gravity recovery table.
What are Dore bars?
Dore bars are semi-pure alloy of gold and silver that can be further refined into pure metals for trading.
What is the significance of the platinum discovery?
This is the first known discovery of platinum at the Mt. Vernon site, indicating potential for enhanced ore value.
What are the future plans for the Mt. Vernon Gold Mine?
Future plans include the testing of onsite metallurgy equipment and the production of Dore bars and platinum buttons for shipment to refineries.
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