North
Bay Resources Announces Production of Gold Concentrate and Refinery
Shipment at Bishop Gold Mill, California
November 18, 2024 –
Bishop, CA – North Bay Resources Inc. (the "Company"
or "North
Bay") (OTC:
NBRI) is pleased to announce the first gold concentrate has
been successfully produced at the Company's Bishop Gold Mill
(see Photo
1). Extraction of gold by gravity
separation on the Deister Table has resulted in striation of gold
and other metals and production of a gold
concentrate. The Mill continues to process ore
with an initial shipment to the Company's refinery partner in Reno,
Nevada expected this week. The Refinery will process the
concentrate and make payment to North Bay. The Refinery will provide a sample of
material for split assay by the Company. The Company will provide check assay
to ALS Global for comparison. If there is a discrepancy between the
Refinery and Company assay, the Company has agreed to split the
difference. The Refinery fee is based on a spot
price of gold and gross percentage processing fee not to exceed
5%.
The balance of payment
after refining fee is known as the Net Smelter Return.
Photo 1.
Striation of Gold, Zinc, and other Metals on the Deister Table –
Bishop Gold Mill
The Company currently
awaits delivery of flotation reagents to the Bishop Gold Mill,
expected shortly. In the interim, the Company is
utilizing a gravity only process. Upon arrival of flotation reagents
the Company will implement gold extraction by flotation with
gravity finish. The Company has completed final testing of the
flotation cells and overflow.
Fran
Gold Mobilization
As a result of the recent
extraction of gold, the Company has commenced mobilization for
immediate shipment of additional ore. The shipments will be of surface
material loaded into 1 metric tonne (2200 lbs) super sacks and
boxcars for delivery to Modesto, California and forwarding to the
Company's Bishop, California Gold Mill. Logistics agreements have been
reached with the railroad and it has been determined that boxcars
holding up to 100 metric tonnes equal to 100 super sacks will be
utilized. The cars will be loaded at the rail
head proximate to the mine. Recent logistics agreements have now
reduced the all-in transportation cost from mine to mill to $260
per standard ton. Previous assay results of surface
material were 1.2 – 2.3 ounces per ton (see Press Release
dated August 26, 2024).
Fran
Gold Project
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. There is approximately 5,000 tons of
surface material available for immediate shipment.
On behalf of the Board of
Directors of
NORTH
BAY RESOURCES INC.
Jared Lazerson
CEO
info@northbay-resources.com
northbay-resources.com
X:
@NorthBayRes
LinkedIn:
North Bay Resources Inc | LinkedIn
YouTube:
North Bay Resources - YouTube
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.