Exciting Gold Assay Results from the Fran Gold Project
BISHOP, Calif. — North Bay Resources, Inc. (the "Company" or "North Bay") (OTC: NBRI) has announced a significantly encouraging assay result from the Fran Gold Project located in British Columbia. The recent assessment confirmed a remarkable weighted average of 3.38 ounces per ton gold, bolstered by an astounding assay of 6.62 ounces per ton gold from their latest ore shipment.
Details of the Ore Shipment
The ore sample designated as 25FRTB-5 reached detection limits and underwent a thorough reassessment using ALS Global’s Au-GRA21 methodology. This meticulous process ensured the integrity and accuracy of the results. Enumerating four separate samples of around 5 pounds each, these were extracted from alternating supersacks. This undertaking marks a vital phase in the test shipment sourced from the massive sulphide zone located close to the surface.
Comprehensive Assay Results and Initial Findings
Initial assays executed by ALS Global in North Vancouver utilized the fire assay method Au-AA25. Notably, multi-element analysis, which includes assays for silver and copper, remains pending. However, the results provide a promising outlook for both investors and stakeholders in the mining sector.
Massive Shipment to Bishop Gold Mill
The gold ore, carried by tractor trailer comprising ten super sacks weighing a net dry weight of 22,597 lbs., is expected to arrive at the Company’s Bishop Gold Mill, which processes 96 tons per day. The upcoming processing phase aims to generate a concentrate intended for delivery to the Company’s refinery partner located in Reno, Nevada.
Exploration and Development at Fran Gold Project
The Fran Property is characterized by its underlying Takla Group sedimentary and volcaniclastic formations, interspersed with monzonite, monzodiorite, and diorite intrusions. Prior exploration, which totals 55,000 feet (18,000 meters) of diamond drilling, has delineated gold-bearing structures exhibiting broad zones of mineralization. With the current focus on the high-grade massive sulphide zone development, preliminary estimates provided by an internal assessment suggest significant resources at the site.
Resource Estimations and Geological Insights
For the Bullion Alley - Main Zone, estimates suggest substantial masses equating to 20,035,146 tonnes at an average grade of 0.50 g/t, resulting in an impressive total of 323,170 troy ounces of gold. In addition, expansions into the East Zone reveal further resource potential, specifically concerning gold and increasing copper yields.
Strategic Location and Future Prospects
The Fran Gold project boasts a strategic location near Centerra’s Mt. Milligan Mine and Artemis Gold’s Blackwater Mine, both of which are recognized as significant contributors to British Columbia’s mining landscape. Notably, these sites present comparable gold grades of 0.5 and 0.8 g/t respectively.
Forward-Looking Development Plans
The management of North Bay Resources remains committed to harnessing the extensive potential of the Fran Gold Project, focusing on advancing the drilling operations while exploring the possibilities of establishing an on-site milling facility. This undertaking aims to process approximately 44 million tonnes of lower-grade material that has been delineated through previous drilling activities.
As the Company continues to refine its focus on resource extraction, advancements in technology and exploration methodologies will play crucial roles in determining the feasibility of upcoming projects.
On behalf of the Board of Directors of North Bay Resources Inc., Jared Lazerson, CEO, expressed enthusiasm about the Company’s future while underscoring the importance of these assay results in their ongoing strategic initiatives.
Frequently Asked Questions
What results were announced by North Bay Resources?
North Bay Resources announced a weighted average of 3.38 ounces per ton gold and a notable assay of 6.62 ounces per ton gold from the Fran Gold Project.
What is the Fran Gold Project?
The Fran Gold Project is located in British Columbia and is distinguished by its gold-bearing structures, with substantial results from initial assays.
What are the implications of the assay results?
The assay results indicate promising gold content, which could positively affect the Company’s mining operations and investor interest.
Where will the gold ore be processed?
The gold ore will be processed at the Company’s Bishop Gold Mill, located in California, which operates at a capacity of 96 tons per day.
What are the future plans for the Fran Gold Project?
The Company aims to further develop the site, with intentions of establishing an on-site milling facility to process additional lower-grade resources.
