SKIPPACK, Pa., Nov. 14, 2012
/PRNewswire/ -- North Bay Resources, Inc. (OTCQB: NBRI), a
fully reporting junior mining company with more than 150 mineral
and placer claims on some 60,000 acres throughout British Columbia, Canada, said today its
President & CEO, Perry Leopold,
was interviewed by analyst Francis
Gaskins about the Company's business strategies,
accomplishments and future plans.
The entire interview is available at:
http://gaskinsco.com/nbri.mp3
In the interview, the President and CEO discusses the
near-term and the longer term strategy, including
receiving significant royalties based on the production at these
mines. "The ultimate idea is to try to have as many
properties under contract as possible, each one with a near-term
revenue stream that amounts to a virtual annuity with a steady cash
flow," Mr. Leopold said.
Additional information on these properties and their status is
available at the Company's web site: www.northbayresources.com
. Mr. Leopold explained that the Company's business strategy,
also explained in detail at the web site, is to achieve both short
and long term revenues without massive dilution of its
shareholders.
In the interview, North Bay's
CEO also discussed the tremendous potential of the Ruby Gold Mine
in California, which the Company
purchased and where tunnel rehabilitation is currently
occurring. Mr. Leopold explained that the well-known mine was
producing gold up until World War II, when the Federal government
shut down production. "Once the price of gold topped
$600 an ounce, this mine became
profitable again. Our geologist believes there are 135,000
ounces of gold available to North Bay Resources within the current
infrastructure and perhaps 500,000 ounces of gold within the five
miles of unmined channels at the mine. Further there is
significant acreage at this California mine which has not been
explored. The upside is tremendous," Mr. Leopold
concluded.
About North Bay Resources Inc.
The mission of North Bay Resources Inc. is to build a portfolio
of viable mining prospects throughout the world and develop 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 Information
Contact:
Perry Leopold
CEO
North Bay Resources Inc.
215-661-1100
http://www.northbayresources.com
Contact: E & E Communications
Paul Knopick
(940) 262-3584
SOURCE North Bay Resources, Inc.