North Bay Resour Stock Price, News & Analysis

North Bay Resources (OTC: NBRI) reported gold assays from the Fran Gold Project, British Columbia, ranging from 0.41 to >2.92 ounces per ton from four samples taken during a 20‑ton test shipment.

Samples (~5 lbs each) were assayed by ALS Global, North Vancouver using fire assay Au-AA25; sample 25FRTB-5 exceeded the testing limit (>100 g/t) and is undergoing overlimit analysis. Multi‑element assays (including copper and silver) are pending. Approximately 20 tons of ore were shipped to the company’s Bishop Gold Mill. Prior June 2025 surface discovery returned 0.5 oz/ton, and trenches B+C previously showed grades up to 2.3 oz/ton.

North Bay Resources (OTC: NBRI) has entered into a significant 50/50 joint venture agreement with Toiyabe Kona Exploration for the Silver Strike Concessions in Lander County, Nevada. The property includes the historic X-Ray Mine, which reported exceptional silver grades of 1,072 ounces per ton during past production.

The joint venture terms require NBRI to process 20,000 ounces of silver or 7,500 tons of material within specified timeframes, or invest $300,000 in development to earn their 50% interest. The company will serve as the operator and plans immediate exploration activities.

Additionally, NBRI announced plans to begin ore shipments from its Fran Gold Project to its Bishop, California mill, with the project containing an estimated 474,000 ounces of gold. The company is also implementing a 1:100 reverse share split as part of its OTCQB uplisting strategy.

North Bay Resources (OTC: NBRI) has completed initial test mining at its Fran Gold Project in British Columbia, focusing on a massive sulphide surface zone. Recent assays confirmed gold grades of 0.5 ounces per ton, with historical assays reaching up to 2.27 ounces per ton.

The company has extracted approximately 10 tons of ore containing gold, copper, and silver mineralization. Economic analysis shows an estimated gross profit of $599 per ton based on current gold prices of $3,400/oz, with potential for cost reduction as operations scale up.

The massive sulphides zone is estimated at 60x30x4 meters, with potential depth up to 30 meters. NBRI is pursuing a 10,000-tonne extraction permit and plans to develop both the high-grade oxide zone and a low-grade bulk tonnage deposit of 20Mt with potential expansion to 40Mt. The company is also initiating an uplisting process from OTCID to OTCQB.

North Bay Resources (OTC:NBRI) has announced significant gold discoveries at its Fran Gold Project in British Columbia, including a massive sulphide outcrop assaying 0.5 oz/ton (14 g/t) gold. The newly identified gold zone spans 30x40 meters with a depth exceeding 4 meters, potentially containing 15,000 tons.

The company has initiated test mining operations and will process the ore at its Bishop Gold Mill. Recent mill operations demonstrated 80% gold recovery rates using gravity separation. Additionally, NBRI discovered a new mineralized area in the Hilltop Zone, showing assays of 0.1 oz/ton across 55 feet, expanding the project's potential.

The company's bulk tonnage deposit is estimated at 20Mt grading 0.5 g/t Au and 44Mt grading 0.3 g/t Au. The Fran Gold Project is strategically located near Centerra Gold's Mt. Milligan Project and Artemis Gold's Blackwater Mine.

North Bay Resources (OTC:NBRI) has announced a private placement offering targeting verified accredited investors. The offering consists of units priced at $0.001 USD per unit, comprising 60% common shares and 40% physical gold from company production, aiming to raise up to $1,000,000 USD.

For every $10,000 investment, investors receive 10,000,000 shares and 1.3 ounces of gold. The post-closing valuation is expected to be approximately $5.5 million USD. The company plans to use proceeds primarily for working capital and gold production at their 96-ton-per-day Bishop Gold Mill and various mining projects, including the Fran Gold Project which has a non-NI 43-101 resource estimate of 474,001 ounces of gold.

North Bay Resources (OTC: NBRI) has achieved continuous operations at its Bishop California Gold Mill, processing up to 9 hours daily and shipping 543 lbs of gold concentrate for assay. The company also reported progress at its Fran Gold Project in British Columbia, which recently estimated 474,000 ounces of contained gold.

At Fran Gold, the company completed grade control sampling of 4,200 tons of stockpiled ore and development work in an initial mining zone with consistent grade of 0.5 oz/ton. The project's resource estimate shows 43.8 million tonnes at 0.34 g/t gold in the Main Zone plus East Extension. Using a $3,100 gold price, the Main Zone's estimated gross value is $50 per tonne, with mining costs projected at $9 per tonne.

North Bay Resources (OTC: NBRI) reported results from its April 2025 gold concentrate test shipments from the Fran Gold Project processed at Bishop Gold Mill. The company completed two shipments totaling 667 wet lbs, with settlement values of $1,836.88 and $1,298.62 respectively. After upgrades to the mill's raker/classifier system, recovery improved to within 10% of the first shipment. The company aims to increase production to 100 tons per week initially, scaling to 100 tons per day. At the Fran Gold Project, crews will mobilize in June for development and stockpile processing. The project's resource estimate shows 323,170 oz Au in the Main Zone (20M tonnes at 0.50 g/t) and 474,001 oz Au total including East Extension (43.8M tonnes at 0.34 g/t). With gold at $3,100/oz, estimated gross value is $50/tonne against $9/tonne processing costs.

North Bay Resources (OTC: NBRI) has announced a preliminary resource estimate for its Fran Gold Project's Bullion Alley Zone in British Columbia. The non-NI 43-101 estimate reveals 474,000 ounces of gold from 43.8 million tonnes at 0.34 g/t for the Main Zone plus East Extension. The estimate utilized 18,000 meters of diamond drilling data from 2001-2018 across 104 holes. The Fran Gold Project is strategically located next to Centerra Gold's Mt. Milligan Project and near Artemis Gold's Blackwater Mine. The company is pursuing a dual strategy: developing high-grade surface material for its Bishop Gold Mill while evaluating the larger potential of the mass tonnage gold deposit. Additionally, NBRI has restructured debt by converting $350,000 into a 2-year secured debenture and issuing 500 million warrants.

North Bay Resources (OTC: NBRI) has delivered 344 lbs of gold concentrate to Just Refiners in Reno, NV, processed from approximately 15 tons of ore from their Fran Gold Project at the Bishop Gold Mill. The company has implemented mill improvements for optimal recovery and is currently optimizing their flotation circuit. Previous metallurgy work indicates a potential 97% recovery rate using combined gravity and flotation circuits. The Fran Gold Project, located near Centerra Gold's Mt. Milligan Project and Artemis Gold's Blackwater Mine, has shown promising results with recent discoveries including 149m of 0.9 g/t gold. The deposit area spans 1000m x 100m x 300m within a 1700m strike length, with over 18,000m of diamond drilling completed. The company is currently using Leapfrog 3D modeling software for resource estimation and pit-shell design.