$NBRI..Fraser permit approved according to the mas
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$ NBRI ..Fraser permit approved according to the master plan just like the CEO said!-From a few PENNY's to DOLLARS is the call!>>>>>North Bay Resources Inc. ( NBRI ) Issues Status Report on Current Mining Projects
Press Release: North Bay Resources Inc. – Mon, May 21, 2012 8:49 AM EDTShare2EmailPrintCompanies:North Bay Resources, Inc.RELATED QUOTESSymbol Price Change
NBRI .OB 0.07 0.00
SKIPPACK, PA--(Marketwire -05/21/12)- North Bay Resources Inc. ( NBRI .OB) ("North Bay" or the "Company") is pleased to issue the following shareholder update on the status of our current mining projects.
Ruby Mine
The Ruby Tunnel refurbishing project continues to move forward, and has advanced to the stage where it is now appropriate to begin inviting state and federal safety agencies to make a courtesy visit to the Ruby Mine. These preliminary courtesy inspections are intended to establish a spirit of cooperation with the safety agencies, and will assist us in the identification of any potential safety issues we are presently unaware of and that may need to be remediated. As a formal safety inspection will be required prior to the start of mining operations, identification of any potential deficiencies beforehand as a result of these courtesy visits will afford us the opportunity to correct them in a timely manner.
The Company also notes that photographs of the Ruby Tunnel rehab work are now available at the Company website at http://www.northbayresources.com/ruby/rubytunnel.html.
Fraser River & Monte Cristo JV Projects
We are pleased to report that discussions with the British Columbia Ministry of Mines and consultations with the local First Nations governments related to the approval of our mining permits have made significant progress, and the Company is very encouraged by the positive response thus far.
The Company would also like to announce that in conjunction with our JV partner, Devlin's Bench Mining Ltd and P. Wright Contracting Ltd ("PWC"), the Company has engaged Mr. Chris Davis, B.Sc. Geology, as the project geologist to oversee both the Fraser River and Monte Cristo projects.
About North Bay Resources Inc.
North Bay Resources Inc. ( NBRI .OB) 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.
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