$NBRI's new aquisition brings the Gold!March 27, 2012 08:30

New Post Public Reply Private Reply Replies (0) Message Board
bruce the stock guy

$NBRI's new aquisition brings the Gold!>>>>>>March 27, 2012 08:30 ET

North Bay Resources Inc. (NBRI) Acquires Raven Gold Property in Golden Triangle Region of British Columbia


SKIPPACK, PA--(Marketwire - Mar 27, 2012) - North Bay Resources Inc. (OTCBB: NBRI) ("North Bay" or the "Company") is pleased to announce that it has staked claims to the Raven Gold property in the prolific Golden Triangle region of northwestern British Columbia.

The Raven Gold property is located near Mt. Raven in the Iskut River Valley, approximately 110 km northwest of Stewart, BC, and covers 3,787 contiguous hectares (9,354 acres). The western border of the property is adjacent to the Company's 100% owned Zippa Mountain Wollastonite property. The eastern border is adjacent to Skyline Gold's Bronson Slope project, and the northern border is adjacent to Pacific North West Capital Corp's Rock and Roll project.

According to BC Assessment report 18513, several types of mineralization have been outlined on the property due east of Mt. Raven, with assays up to 6.1 g/t gold and 141.28 g/t (4.54 ounces) silver. To the west of Mt. Raven and in the vicinity of Zippa Creek, BC Assessment report 18545 documents assays of 0.62 g/t gold and 398.54 g/t (12.81 ounces) silver. The main lithologies on the property are volcanic flows, volcaniclastics, and marine sediments of Permian and Mesozoic age that have been described as similar to Barrick's Snip Mine, a past producer which yielded over 1 million ounces of gold, and the Bronson Slope deposit, an advanced prospect under development by Skyline Gold with a current PEA of 2.2 million ounces of gold. Both Snip and Bronson Slope are adjacent to the eastern border of the Raven Gold property.

The Company notes that lack of infrastructure has inhibited commercial development of the Golden Triangle region for many years, but that is now changing. BC Hydro, in conjunction with the provincial and federal governments in Canada, is currently constructing the 344 kilometer, 287 kilovolt Northwest Transmission Line ("NTL") into the heart of the Golden Triangle, at a cost of $404 million. Construction is expected to be completed in 2014. As well, the US Government and the Province of British Columbia are planning to cooperate in the building of the Iskut River Road connecting Wrangell, Alaska with Hwy 37 along BC's Iskut River Valley. When completed, this will provide paved road access to Pacific Ocean ports 70 km southwest of the Raven Gold property.

About North Bay Resources Inc.

North Bay Resources Inc. (OTCBB: NBRI) is a fully-reporting junior mining company with over 150 mineral and placer claims encompassing approximately 60,000 acres throughout British Columbia, Canada.

In the US, the Company owns the Ruby Gold Mine in Sierra County, California, and is presently planning to acquire additional operating mines in the western US.

The Company's mission is to build a portfolio of viable mining prospects throughout the world and developing them through subsidiaries and JV partners to their full economic potential. North Bay's business plan is based on the Generative Business Model, which is designed to leverage its properties into near-term revenue streams even during the earliest stages of exploration and development. This provides shareholders with multiple opportunities to profit from discoveries while preserving capital and minimizing the risk involved in exploration and development.

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Menopause Policy Advocacy Takes Center Stage in DC

Updated Category News Views 4

Unlikely Spotlight on Menopause at Capitol Hill If you told me a couple of years back that menopause would become a front-page political issue, I would've laughed. Yet, here we are, with over 125 advocates from 29 states converging on Washington, D.C., demanding legislative action on menopause. Why Menopause Matters in Policy The fact that more than half the population is...

Continue Reading
Debt Crisis Looms: Social Security at Risk

Updated Category News Views 4

Debt Reality: A National Concern with Global Implications When it comes to the U.S. federal debt situation, the latest report from the National Seniors Policy Center is lighting a fire like no other, warning us that we're not crying wolf here. We've got fiscal numbers that may not sit well at breakfast. With roughly 67 cents of every new buck Uncle Sam borrows going to...

Continue Reading
DAHON's Tech: Crafting Folders That Ride Like Road Bikes

Updated Category News Views 2

The Folding Bike Revolution: More Than Just a Fad You've seen them zipping around—those compact, folding bikes. They're not just for urban commuters looking to save space. Oh no, this is a full-blown cycling revolution we're talking about. DAHON, a name that's been rolling since 1982, has been riding these waves and making strides that others can only dream of. While...

Continue Reading
Buffett Steps Down, New Faces at Berkshire Hathaway

Updated Category News Views 3

End of an Era: Warren Buffett's Retirement Warren Buffett—there's a name that's echoed through the halls of investment for decades. Today, he's pulling down the curtain as Chairman of Berkshire Hathaway (NYSE: BRK). No fanfare, just a nod to the inevitable with his classic, humor-tinged confession: 'Father Time always wins.' Can’t argue with the man who’s seen the...

Continue Reading
Bascom's Strategic Play on a Dallas Apartment Deal

Updated Category News Views 6

Unpacking Bascom's Jasmine Acquisition In a market that's been more slippery than a greased pig, Bascom Group's move buying up Jasmine Apartments is capturing some eyes. Situated in North Dallas, this 370-unit complex ain't just another brick in the wall—it's Bascom's 42nd entry into Texas, reinforcing their knack for sniffing out deals others might tiptoe around,...

Continue Reading
Wounded Warrior Project Honors Veterans at Gala Dinner

Updated Category News Views 4

Wounded Warriors Gala: A Night of Heroic Honors In the swirling hum of Washington's gala scene, the Wounded Warrior Project (WWP) cuts through the noise with a sharp and poignant reminder of patriotism and community support. Their Courage Awards & Benefit Dinner®, pumped with the gravitas of corporate backing from the likes of Goldman Sachs, showcased a heartfelt...

Continue Reading
Celebrate National Service Dog Month with Canine Companions

Updated Category News Views 5

A Month to Celebrate Unseen Heroes Take a pause. We're talking about National Service Dog Month. What in the world could be more endearing than a pack of puppies, those hopeful bundles of joy, destined to grow up and play pivotal roles in people's lives? Canine Companions is rolling out the red carpet for these future heroes, with a nine-day Puppy Cam event from September...

Continue Reading
Crimson Coward's Cheez Nugs Shake Up Fast-Casual Scene

Updated Category News Views 6

New Kid on the Block: Cheez Nugs Buckle up folks, Crimson Coward is at it again. They're rolling out something they claim will blow your taste buds straight out of the water: Cheez Nugs. Dropping nationwide on September 18, 2026, these aren't your run-of-the-mill cheese bites. We're talking 100% whole-milk mozzarella, a golden herb-seasoned crust, and a mouthful of creamy...

Continue Reading
IRS Views Challenge Tax-Engineered Healthcare Schemes

Updated Category News Views 3

Nonprofit Models Shine Amid IRS Scrutiny Out in Oxnard, California, there's a brewing storm in the healthcare sector. No, it's not a billing error or yet another scandal. We're talking about a seismic shift that could poke holes in those tax-engineered Section 105(b) programs, all thanks to some hard-hitting IRS memoranda. The Nonprofit–TPA Model: A Safer Bet? Enter...

Continue Reading
Bellissima Bags Allure Award for Curly Hair Tool

Updated Category News Views 4

Award-Winning Tool Headlines 2026 Beauty Scene There's a shake-up in the world of hair tools, folks. Bellissima's Diffon Supreme has snagged a 2026 Allure Best of Beauty Award for its prowess in taming the curly, wavy, and coily strands we all crave to manage. Performance Meets Innovation in Bellissima's Latest Let's not beat around the bush. The Diffon Supreme's trump...

Continue Reading

Top 5 Most Recently Viewed Articles

Inception Growth Acquisition Limited Extends Business Combination Period

Updated Category News Views 42

Inception Growth Acquisition Limited Takes Strategic Steps Inception Growth Acquisition Limited (NASDAQ: IGTA) has recently made a noteworthy move by adding $50,000 to its trust account. This deposit is intended to provide the company with additional time to finalize a highly anticipated business combination. As a result, the deadline has been extended from September 13...

Continue Reading
Coveo Schedules Key Conference Call for Q1 Fiscal 2026 Results

Updated Category News Views 178

Upcoming Conference Call for Fiscal First Quarter 2026 Coveo, the leader in AI-Relevance, has announced an important conference call scheduled to discuss the financial results for its fiscal first quarter of 2026. This meeting presents a chance for stakeholders and interested parties to engage with the company's leadership and gain insights into their performance and...

Continue Reading
Apollo Silver Corp's New Incentive RSU Grants Explained

Updated Category News Views 136

Understanding Apollo Silver Corp's Recent RSU Grants Apollo Silver Corp. (TSXV: APGO) has recently announced a significant development in its incentive structure by granting Restricted Share Units (RSUs). This move was made in accordance with the company's Omnibus Incentive Plan, established to incentivize officers and directors who play pivotal roles in the company's...

Continue Reading
Automation Workz Responds to Workforce Challenges with Scholarships

Updated Category News Views 182

Automation Workz Takes Action Amid Job Cuts Automation Workz has recently received an overwhelming number of applications, totaling 4,500, for just 5 Tech Skill Coaching Scholarships within a mere 30 days. This surge comes against the backdrop of a concerning trend highlighted in the ADP Jobs Report. In it, small businesses, specifically those with fewer than 50...

Continue Reading
Essential Financial Dates and AGM for Ringkjøbing Landbobank

Updated Category News Views 62

Key Financial Dates for 2025 Ringkjøbing Landbobank is gearing up for an important year in 2025, with its financial calendar clearly laid out. It's essential for both shareholders and stakeholders to be aware of these upcoming events, as this knowledge enables active participation in the bank's development and strategic decisions. Essential Dates in the Financial...

Continue Reading