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North Bay
Resources Announces First Gold Concentrate at Mt. Vernon Gold
Mine,
Assays 12 oz/ton
Gold, 17.5 oz/ton Platinum, and 8 oz/ton Silver,
Sierra County,
California
Bishop, CA -- August
22, 2024 -- InvestorsHub NewsWire -- North Bay Resources Inc. (the
"Company"
or "North
Bay")
(OTC:
NBRI) is pleased to announce results from gravity recovery
testing of run-of-mine ore from the Mt. Vernon Gold
Mine. The run-of-mine ore was crushed in
a ball mill to minus 60 mesh and run over a gravity recovery table
resulting in two concentrate streams at approximately 10x
concentration of gold with assay results as follows:
Sample I.D.
|
Gold
|
Platinum
|
Silver
|
|
oz/ton
|
oz/ton
|
oz/ton
|
#C1 MV Cons
|
11.95
|
17.54
|
7.79
|
#C2 MV Cons
|
11.38
|
2.20
|
5.59
|
The testing was
completed at Enviro-Chem Analytical Laboratory using run-of-mine
ore from the main channel at the Mt. Vernon Gold Mine. While
metallurgical testing is ongoing, initial results have confirmed
the viability of extraction of gold, platinum, and silver using a
basic grind and gravity recovery circuit. The test circuit is essentially
identical to the grind and gravity recovery circuit at the
Company's 100 ton per day Bishop Gold Mill. With mine and mill
start-up currently underway, and as a result of the successful
extraction and concentration of gold, the Company has begun testing
of the on-site metals furnace and related equipment at the Mill for
the purpose of upgrading concentrate into and pouring Dore bars and
producing platinum buttons for shipment to the metals refinery in
Reno, Nevada.
Platinum
This is the first known
discovery of platinum at Mt. Vernon. There has been little historical
work done on platinum at Mt. Vernon. The region, in general, is not
known for platinum. The Company is completing further
work on this aspect of the deposit to further understand the
gold-platinum relationship and the potential for increasing the per
ton value of the ore by up to 50% in select concentrate
streams. Recent results show a recoverable
gold to platinum ratio of up to 1:1.5 through basic grind and
gravity separation. Gravity recoverable platinum, while
rare is not unknown in placer type deposits. The discovery of gravity
recoverable platinum represents a significant advancement at the
Mt. Vernon Gold Mine.
Mt. Vernon Gold
Mine
The Mt. Vernon Mine is
a largely undeveloped deposit, proximate to some of the richest
past producing gold mines in North America. Mt. Vernon is a permitted
underground mine with modern portal, tunnel, ventilation. power,
and equipment. The ore body is estimated at
954,000 tons based on the known channel (B. Hanford
2023). The modern access tunnel at Mt.
Vernon runs across the known 200-foot-wide gold bearing zone with
consistent assays over 1 ounce per ton. The channel is up to 500 feet wide
and extends over 2000 feet in length throughout the property. The
channel varies in thickness from 4 feet to as much as 20 feet.
Typically, the lower 4 feet of the channel contains the higher gold
grades.
Murex
Copper-Gold Exploration
A second round of
Summer Exploration at the Company's Murex Copper-Gold Project is
currently underway. The Company has identified a high
grade NE-SW copper trend at surface and has re-established the
location of the known copper-gold deposit developed by Noranda (now
Glencore) in the 1980's. Further sampling is underway and a
comprehensive re-evaluation of the property will follow this second
program.
Fran Gold
Exploration
The Company has
completed property wide exploration at the Company's Fran Gold
Joint Venture with assays now pending. A shipment of 5 x 50lbs samples has
been shipped and received at the Company's Bishop Gold Mill for
further evaluation and testing, including ore from the main Bullion
Alley zone where consistent ore grade of 0.5 ounces per ton has
been established over a wide area and is the focus of ongoing
development.
On behalf of the Board
of Directors of
NORTH BAY
RESOURCES INC.
Jared
Lazerson
CEO
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.