North Bay Resources
Announces Gold Assays up to 2.2 Ounces per Ton, Fran Gold Project,
British Columbia
Bishop, CA -- August 26, 2024 --
InvestorsHub NewsWire -- North Bay Resources Inc. (the
"Company" or
"North
Bay") (OTC: NBRI) is pleased to announce multiple high
grade gold assays from its Fran Gold Joint Venture (the
"Property" or
"Fran"). Samples were taken from the primary
area of gold mineralization at the Bullion Alley Zone proximate to
trenches B and C. Multiple high-grade assays, in excess
of 1 ounce per ton, up to 2.2 ounces per ton, have been received,
indicating a larger high-grade area of near surface
mineralization. This central area is recognized as
the richest area in the Bullion Alley Zone and is supported by
extensive recent and historical sampling and drilling, with over
50,000 feet of diamond drilling in 104
holes.
A gold deposit from surface, 3700
feet in length, width of up to 120 feet, and depth of over 700 feet
has been delineated. The B and C Sub-Zones were recently
re-established during Spring 2024 exploration program with
composite samples in both trenches assaying 0.53 and 0.44 troy
ounces per ton respectively, prompting further investigation over a
wider area during the Summer 2024 exploration program.
Results of Summer 2024 Exploration as
follows:
|
Sample
ID
|
Zone
Name
|
Gold Oz. per
Ton
|
Silver Oz. per
Ton
|
|
3621
|
B Zone
|
0.31
|
0.07
|
|
3623
|
B Zone
|
2.27
|
0.31
|
|
3624
|
B Zone
|
0.31
|
0.03
|
|
3625
|
B Zone
|
1.23
|
0.1
|
|
3626
|
C Zone
|
1.84
|
2.45
|
|
3628
|
C Zone
|
1.62
|
0.24
|
|
3629
|
C Zone
|
0.55
|
0.08
|
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.
Fran Gold
Property
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.
Fran Contact Zone is defined by a 100
degree striking, steeply dipping monzodiorite
porphyry/volcaniclastic-hornfels lithology contact where
quartz-carbonate-sulphide zones occur along shear zones, as veins,
breccia and extension fractures, as infilling, varying from 2 feet
to 30 feet width. The central area in and around
Trenches B and C remains the focus of on-going
development. A surface bulk sample of 5,000 tons
has been delineated, within the larger gold deposit with mill and
metallurgical testing underway.
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 and the Mt. Vernon Gold Mine in
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 is a near term gold
producer.
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.