North Bay Resources Reports Promising Results from Mt. Vernon Gold Mine
BISHOP, Calif. — North Bay Resources Inc. (the "Company" or "North Bay") (OTC: NBRI) is thrilled to announce the results of gravity recovery testing conducted on run-of-mine ore from the Mt. Vernon Gold Mine. The ore underwent processing through a ball mill to achieve a particle size of minus 60 mesh, followed by testing on a gravity recovery table. This method produced two concentrate streams, demonstrating an impressive approximately 10x concentration of gold. The assay results reveal significant findings, detailed below:
Assay Results from Gravity Recovery Testing
The remarkable assay results were obtained at Enviro-Chem Analytical Laboratory, utilizing ore sourced from the main channel at the Mt. Vernon Gold Mine. While metallurgical testing is still in progress, these initial outcomes confirm the potential for extracting gold, platinum, and silver through a straightforward grind and gravity recovery system. This testing circuit reflects the grind and gravity recovery system employed 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
Plans for Dore Bars and Platinum Production
Following the successful extraction and concentration of these valuable metals, the Company is preparing to test the onsite metals furnace and related equipment at the Bishop Gold Mill. The goal is to upgrade the concentrate into pourable Dore bars and produce platinum buttons for shipment to a metals refinery.
Importance of Platinum Discovery
This discovery marks the first known identification of platinum at the Mt. Vernon site, which has previously experienced limited exploration specifically aimed at platinum extraction. The surrounding region is not widely recognized for its platinum deposits, making this finding particularly significant. Ongoing analysis will further investigate the relationship between gold and platinum and explore the potential to enhance the ore's per ton value by up to 50% in targeted concentrate streams.
Overview of Mt. Vernon Gold Mine
The Mt. Vernon Gold Mine remains largely undeveloped and is strategically situated near some of North America's richest gold mines. It features a permitted underground facility equipped with modern portals, tunnels, ventilation, power systems, and machinery. Current estimates suggest the ore body contains approximately 954,000 tons, supported by known channel measurements. The access tunnels traverse a gold-bearing zone that is 200 feet wide, characterized by stable assay results that frequently exceed 1 ounce per ton.
Insights into the Mining Channel
The gold-bearing channel can reach widths of up to 500 feet and spans more than 2000 feet across the property. The thickness of the channel 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 actively exploring its Murex Copper-Gold Project. Recent activities have confirmed a high-grade NE-SW trend of copper at the surface, while historic copper-gold deposits from the 1980s are undergoing re-evaluation. Further sampling is underway, and the Company plans to conduct a detailed reassessment of this property once the current exploration phase is completed.
Fran Gold Exploration
Exploratory assessments at the Company’s Fran Gold Joint Venture are also progressing well. 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 over a wide area, which remains the focus of ongoing development efforts.
Company Leadership and Contact Information
North Bay Resources Inc. is led by CEO Jared Lazerson, who is dedicated to advancing exploration and development initiatives crucial to the Company’s success.
For further inquiries, please reach out to:
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 alloys 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 testing onsite metallurgy equipment and producing Dore bars and platinum buttons for shipment to refineries.
