Exciting Developments at the Fran Gold Project
North Bay Resources, Inc. (the "Company" or "North Bay") (OTC: NBRI) recently announced remarkable assay results from the Fran Gold Project in British Columbia. Assays have shown values ranging from 0.4 ounces to over 2.9 ounces per ton of gold. This announcement comes following a systematic exploration strategy that included sampling and testing, producing several promising results.
Sampling Methodology and Results
A total of four samples were collected, weighing approximately 5 pounds each, as part of a larger 20-ton test shipment. These samples were analyzed by ALS Global located in North Vancouver utilizing a fire assay method. The results revealed fascinating insights:
Summary of Assays
The highlights of the assay results are as follows:
- Sample 25FRTB-1: 0.41 ounces per ton of gold (14 grams per tonne)
- Sample 25FRTB-4: 2.64 ounces per ton of gold (90.5 grams per tonne)
- Sample 25FRTB-5: Exceeded 2.92 ounces per ton of gold, with pending overlimit analysis
- Sample 25FRTB-6: 2.30 ounces per ton of gold (78.7 grams per tonne)
Please note that sample 25FRTB-5 has reached analytical limits, and further testing is underway to determine precise gold concentrations.
Geological Insights and Previous Discoveries
The Fran Gold Project area has seen considerable exploration activity, highlighted by a recent discovery of a massive sulphide surface outcrop. Previous findings reported a gold assay of 0.5 ounces per ton. The occurrence of this ore type is situated between Trench B and Trench C, both of which previously displayed high-grade gold mineralization. As exploration continues, results indicate increasing grades at depth.
Mineralization Characteristics
The massive sulphide ore found in the Fran Gold Project is rich in chalcopyrite and marcasite, reflecting a diverse mineral composition. After accessing approximately 20 tons of this ore, North Bay has successfully packed and shipped it to their processing facility in Bishop, enhancing confidence in the project's long-term potential.
About the Fran Gold Project
The Fran Property, an integral asset for North Bay, is characterized by intricate geological formations. Formed from Takla Group sedimentary and volcaniclastic rocks, it is accompanied by various intrusive dynamics from monzonite to diorite. The area has been previously explored with extensive diamond drilling, outlining significant gold-bearing structures and broad zones of mineralization.
Conclusion and Next Steps
North Bay Resources Inc. is committed to advancing the exploration and development of the Fran Gold Project. As testing and analysis continue, the Company remains optimistic about the future of its gold operations and the positive implications for shareholders.
On behalf of the Board of Directors of North Bay Resources,
Jared Lazerson
CEO
For inquiries, feel free to reach out to:
Email: info@northbay-resources.com
Visit us at: northbay-resources.com
Follow us on Twitter: @NorthBayRes
Check out our YouTube channel: North Bay Resources - YouTube
Connect with us on LinkedIn: North Bay Resources Inc | LinkedIn
Frequently Asked Questions
What are the latest results from the Fran Gold Project?
The latest assays indicate gold values ranging from 0.4 to over 2.9 ounces per ton, with exceptional samples showing values exceeding 2.92 ounces per ton.
How many samples were taken for the assay?
Four samples weighing approximately 5 pounds each were collected as part of a 20-ton test shipment.
Who conducted the assays for North Bay Resources?
The assays were conducted by ALS Global, a reputable analytical laboratory based in North Vancouver.
What minerals are present in the Fran Gold Project ore?
The ore is heavily mineralized with gold, copper, and silver, predominantly in forms like chalcopyrite and marcasite.
How is North Bay Resources planning to proceed with the project?
North Bay Resources intends to continue exploration and testing to maximize the potential of the Fran Gold Project and its mineral resources.
