North Bay Resources
Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton
Gold in Trenches B + C at Fran Gold, British Columbia
Bishop, CA -- June 18, 2024 --
InvestorsHub NewsWire -- North Bay Resources Inc. (the
"Company" or
"North
Bay") (OTC:
NBRI) is pleased to announce assays have been received from
recent exploration at its Fran Gold Joint Venture (the
"Property" or
"Fran"). Assays were taken over a wide area of
known gold mineralization across pre-existing trenches A through
E. Assays from separate composite
samples from trenches B and C resulted in near identical results of
0.5 troy ounces per ton of gold. This central area of the Property is
recognized as the richest area in the Bullion Alley Zone, and is
supported by extensive drilling, reflecting a potential feeder
zone.
This area remains the focus of
upcoming bulk sampling. In addition, trenches A and B,
assayed 0.9% copper with high iron.
Assays were completed at ALS Global
Laboratory, North Vancouver, BC, utilizing fire assay with atomic
absorption finish for gold, ALS Method Au-AA25 and 36 Element Aqua
Regia ICP for other minerals, ALS Method
ME-ICP41.
Results as follows:
Sample ID
|
Trench ID
|
Au Troy Oz per
Ton
|
Ag Troy Oz per
Ton
|
Cu %
|
Zn %
|
Fe %
|
S %
|
3601
|
E
|
0.08
|
0.22
|
0.13
|
0.01
|
11.1
|
1.63
|
3602
|
E
|
0.09
|
0.12
|
0.14
|
0.01
|
9.24
|
1.75
|
3603
|
D
|
0.03
|
0.12
|
0.11
|
0.02
|
8.79
|
3.7
|
3604
|
C
|
0.53
|
1.2
|
0.09
|
1.34
|
4.85
|
2.07
|
3605
|
B
|
0.44
|
1.75
|
0.9
|
0.32
|
34.9
|
10
|
3606
|
A
|
0.14
|
0.07
|
0.9
|
0.02
|
28.6
|
10
|
North Bay currently awaits
metallurgical test results that will define the specific compounds
of the mineralization. This will assist the Company in
determining the applicability of gravity and flotation recovery
methods for the separation of the gold.
Fran Gold
Project
North Bay has entered a 50/50 joint
venture earn-in agreement with MGX Minerals, Inc., regarding the
Fran Gold Project, British Columbia. The Property is 34,360 acres
and is located 20 miles from Centerra Gold's 60,000 tonne per day
Mt. Milligan Copper, Gold Mine (299Mt @ 0.22% Cu, .45 g/t
Au).
To date there has been in excess of
50,000 feet of diamond drilling in 104 holes at Fran, primarily at
the Bullion Alley Zone. A gold deposit, 3700 feet in length,
with width of up to 120 feet, and depth of over 700 feet has been
delineated. The deposit contains 3 to 4 well
defined parallel gold veins grading up to 2.6 troy ounces of gold
per ton as well as wide sections of low and mid-grade gold in veins
and disseminated in veinlets throughout the deposit. Surface
trenching has identified a near surface sub-zone where the gold
bearing veins swell and are accessible from surface.
In addition, samples have assayed up
to 1.68% copper and 5.1 troy ounces per ton
silver. There is property wide potential for
additional discoveries of gold and copper with numerous showings
outside of the Bullion Alley Zone.
Qualified
Person
Andris Kikauka (P.Geo) is a Qualified
Person in accordance with National Instrument 43-101 –
Standards of Disclosure for Mineral
Projects, and has reviewed and approved the scientific
and
technical content of this news
release.
About North Bay
Resources
North Bay Resources operates the 100
ton per day Bishop Gold Mill in Inyo County,
California. The Company owns the Murex
Copper-Gold Project, the Copper Island Copper-Silver Project, the
Tulameen Platinum Project, and is a 50/50 Joint Venture Partner in
the Fran Gold Project all located in British Columbia,
Canada. The Company seeks to return value to
shareholders by staged acquisition, exploration and development of
its metals projects and through the utilization of its gold milling
facilities.
On behalf of the Board of Directors
of
NORTH BAY RESOURCES
INC.
Jared Lazerson
CEO
310-584-7278
info@northbay-resources.com
northbay-resources.com
X: @NorthBayRes
Facebook:
North Bay Resources Inc | Facebook
LinkedIn:
North Bay Resources Inc | LinkedIn
This news release
may contain certain "Forward-Looking Statements" within the meaning
of the United States Private Securities Litigation Reform Act of
1995 and applicable Canadian securities
laws.