Ruby Gold, Inc. Appoints Chief Operating Officer
February 18 2014 - 8:15AM
Marketwired
Ruby Gold, Inc. Appoints Chief Operating Officer
NEVADA CITY, CA--(Marketwired - Feb 18, 2014) - Ruby Gold, Inc.
("RGI", or the "Company"), a wholly-owned subsidiary of North Bay
Resources Inc. (OTCQB: NBRI) ("North Bay") is pleased to announce
that it has appointed Mr. William S. Watters, P.E., as the
Company's Chief Operating Officer, effective March 3,
2014.
Mr. Watters holds a B.S. degree in Mining Engineering from the
Mackay School of Mines at the University of Nevada-Reno, and was
the Senior Mine Engineer at the Ruby Mine when the Ruby was last in
operation in 1998. Mr. Watters was also the Chief Mining
Engineer at the Idaho-Maryland Mine in Grass Valley, CA, and more
recently was the Chief Inspector/Engineer at the $333 Million New
Irvington Tunnel Project in San Francisco. In addition to
being a Registered Professional Engineer (Civil, CA; Mining, WY),
Mr. Watters is a Mine Rescue Team Trainer, has a California Safety
Representative License, and is a Mine Safety and Health
Administration ("MSHA") Trainer (blue card).
Mr. Watters' COO duties will include serving as the Mine Manager
for the Ruby Mine in Sierra County, California, responsible for
management, supervision and all aspects of operations at the
Ruby. When the planned spinoff of RGI as an independent
company is completed, Mr. Watters will then become the Company's
Chief Executive Officer, and will also be given a seat on the Board
of Directors. Prior to his appointment, Mr. Watters has been
serving as an independent consultant to the Company since 2011,
providing engineering advisory services at the Ruby Mine, as well
as advising the Company on safety compliance issues with the
federal and state mine safety regulatory agencies, MSHA and
Cal/OSHA.
RGI President and Interim CEO Perry Leopold commented, "I am
extremely pleased to have Bill join the Ruby team on a fulltime
basis to help lead the project forward into the mining phase of our
business plan. In addition to the wealth of his professional
experience on a variety of diverse projects over the years, his
intimate knowledge of the Ruby Mine in particular will be
invaluable to us as we begin mining our near-term targets and
prepare to expand operations. I am looking forward to working
closely with Bill, and I am confident his leadership of the Ruby
Gold Project will contribute greatly to our ultimate success."
About Ruby Gold, Inc.
Ruby Gold, Inc., a wholly-owned subsidiary of North Bay
Resources Inc. (OTCQB: NBRI), is the owner and operator of the Ruby
Mine (the "Ruby"), a fully-permitted underground placer and lode
mine located near Downieville in Sierra County,
California. The Ruby is known to have produced over 350,000
ounces of gold since the 1850's, and is considered to be part of
the northern extension of the historic Mother Lode system. The Ruby
property covers approximately 1,755 acres, only a small portion of
which has been explored to date. The property consists of the
subsurface mineral rights of two patented claims totaling
approximately 435 acres and 30 unpatented claims containing
approximately 1,320 acres. The equipment, fixed assets, and
infrastructure in place include a 1,000 yard per day placer wash
plant, 50-ton per day quartz mill, 6,000 feet of tracked haulage,
and related support equipment needed for underground mining
operations. The property also features an excellent system of
roads, is accessible via paved highway from Reno or Sacramento, has
abundant water and timber available for mining purposes, and has
PG&E power available on-site. For further information on
the Ruby Mine, please visit the Ruby web page at
http://www.northbayresources.com/ruby/.
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 President Ruby Gold, Inc. 215-661-1100
http://www.northbayresources.com
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