North Bay Resources Inc. (NBRI) Completes Geochemical Survey of Bouleau Creek Gold Property
December 27 2011 - 8:39AM
Marketwired
North Bay Resources Inc. (OTCBB: NBRI) ("North Bay" or the
"Company") is pleased to announce that it has completed a
geochemical survey of its 100% owned Bouleau Creek Gold Property in
southeastern British Columbia, Canada.
Bouleau Creek Gold (MINFILE 082LSW069) is a road-accessible
property covering 2,510 contiguous acres and located 26 kilometres
west of Vernon, British Columbia. The property is adjacent to the
Brett Gold project (MINFILE 082LSW110) where 11,970 tonnes grading
39.12 grams per tonne gold have been previously indicated by
surface drilling and underground work.
The Southern zone of the property below Bouleau Creek features
gold and silver mineralization over an area of approximately 1,000
by 600 metres. Historical assays documented in Assessment Report
21877 are reported to yield up to 34 grams (1.09 ounces) per tonne
gold and 286 grams (9.19 ounces) per tonne silver. The Northern
Zone above Bouleau Creek includes the Siwash prospect (MINFILE
082LSW046), which extends over an area of gold and silver
mineralization measuring 3,000 by 750 metres. Historical assays in
the Northern Zone are documented in Assessment Report 20226 to
yield up to 5.55 grams per tonne gold and 16.6 grams per tonne
silver.
Recently, the Company staked additional claims consisting of 612
acres that cover the Gold Star showing (MINFILE 082LSW130)
immediately to the west of the Brett Gold property, and to within
500 meters of the main Brett Gold deposit. While these new claims
are not contiguous with the rest of the Bouleau Creek property, the
Company considers these claims to be part of the project area, and
are referred to as the Western Zone, or Brett West. Brett Gold is
currently owned and operated by Running Fox Resources Corp.
A comprehensive pilot geochemical program of the Bouleau Creek
Gold property was conducted on behalf of the Company by Billiken
Gold Ltd. of Enderby, BC, utilizing Heavy Metal Concentrates
(""HMC") methodology. The program was commenced on October 10,
2011, and concluded on November 30, 2011. Over 2300 pounds of
sample material was collected, and subsequently reduced and
cataloged into 34 samples. A photo of a gold nugget from one of the
samples has been posted to the Bouleau Creek Gold page on our
website, at http://www.northbayresources.com/boul.html. The samples
have now been sent to ALS Chemex in Vancouver for assay, and the
results are expected back within the next four weeks.
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 has acquired the Ruby Gold Mine in Sierra
County, California, and is presently looking 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.
SAFE HARBOR FOR FORWARD LOOKING
STATEMENTS
This press release may contain certain forward-looking
statements within the meaning of Section 27A of the Securities and
Exchange Act of 1933, as amended, and Section 21E of the Securities
and Exchange Act of 1934, as amended, which are intended to be
covered by the safe harbors created thereby. Investors are
cautioned that all forward-looking statements involve risks and
uncertainties. Although North Bay Resources Inc. believes that the
assumptions underlying the forward-looking statements contained
herein are reasonable, any assumption could be inaccurate, and
therefore, there can be no assurance that the forward-looking
statements included in this press release will prove to be
accurate. In light of the significant uncertainties inherent in the
forward-looking statements included herein, the inclusion should
not be regarded as a representation by North Bay Resources Inc. or
any other person that the objective and plans of North Bay
Resources Inc. will be achieved.
Cautionary Note to U.S. Investors -The
United States Securities and Exchange Commission permits U.S.
mining companies, in their filings with the SEC, to disclose only
those mineral deposits that a company can economically and legally
extract or produce. We use certain terms on our website (or press
releases), such as "measured," "indicated," and "inferred"
"resources," which the SEC guidelines strictly prohibit U.S.
registered companies from including in their filings with the SEC.
U.S. Investors are urged to consider closely the disclosure in our
Form S-1 and subsequent Form 10-K which may be secured from us, or
from our website at http://www.sec.gov/edgar.shtml
Contact: Perry Leopold, CEO North Bay Resources Inc.
215-661-1100 http://www.northbayresources.com
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