North Bay Resources Advances Development of Massive Sulphide Zone at Fran Gold Project, British Columbia
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) ha completato la fase iniziale di test di estrazione mineraria presso il suo Fran Gold Project in British Columbia, concentrandosi su una zona di solfuri massivi superficiali. Le analisi recenti hanno confermato tenori d'oro di 0,5 once per tonnellata, con analisi storiche che raggiungono fino a 2,27 once per tonnellata.
L'azienda ha estratto circa 10 tonnellate di minerale contenente mineralizzazioni di oro, rame e argento. L'analisi economica indica un profitto lordo stimato di 599 dollari per tonnellata basato sui prezzi attuali dell'oro di 3.400 dollari l'oncia, con potenziali riduzioni dei costi al crescere delle operazioni.
La zona di solfuri massivi è stimata in 60x30x4 metri, con una possibile profondità fino a 30 metri. NBRI sta richiedendo un permesso di estrazione per 10.000 tonnellate e prevede di sviluppare sia la zona ossidata ad alto tenore sia un deposito a basso tenore di massa di 20 milioni di tonnellate con potenziale espansione a 40 milioni di tonnellate. L'azienda sta inoltre avviando il processo di uplisting da OTCID a OTCQB.
North Bay Resources (OTC: NBRI) ha completado la minería de prueba inicial en su Proyecto Fran Gold en Columbia Británica, enfocándose en una zona superficial de sulfuros masivos. Ensayos recientes confirmaron leyes de oro de 0,5 onzas por tonelada, con ensayos históricos que alcanzan hasta 2,27 onzas por tonelada.
La empresa ha extraído aproximadamente 10 toneladas de mineral que contienen mineralización de oro, cobre y plata. El análisis económico muestra una ganancia bruta estimada de 599 dólares por tonelada basándose en los precios actuales del oro de 3.400 dólares por onza, con potencial para reducir costos a medida que las operaciones se amplían.
La zona de sulfuros masivos se estima en 60x30x4 metros, con una profundidad potencial de hasta 30 metros. NBRI está buscando un permiso de extracción de 10,000 toneladas y planea desarrollar tanto la zona de óxidos de alta ley como un depósito de bajo grado y gran tonelaje de 20 millones de toneladas con posible expansión a 40 millones. La empresa también está iniciando un proceso de uplisting de OTCID a OTCQB.
North Bay Resources (OTC: NBRI)는 브리티시컬럼비아에 위치한 Fran Gold 프로젝트에서 대규모 황화광 표면 구역을 중심으로 초기 시험 채굴을 완료했습니다. 최근 분석 결과 금 함량이 톤당 0.5온스임이 확인되었으며, 과거 분석에서는 톤당 2.27온스까지 기록되었습니다.
회사는 금, 구리, 은 광물이 포함된 약 10톤의 광석을 채굴했습니다. 경제성 분석에 따르면 현재 금 가격인 온스당 3,400달러를 기준으로 톤당 599달러의 총이익이 예상되며, 운영 규모가 확대되면서 비용 절감 가능성도 있습니다.
대규모 황화광 구역은 60x30x4미터로 추정되며, 최대 깊이는 30미터까지 가능합니다. NBRI는 1만 톤 채굴 허가를 추진 중이며, 고품위 산화 구역과 저품위 대량 매장량 2,000만 톤에서 4,000만 톤으로 확장 가능한 매장지 개발을 계획하고 있습니다. 또한 OTCID에서 OTCQB로 상장 승격 절차도 시작했습니다.
North Bay Resources (OTC : NBRI) a terminé les premiers tests d'exploitation minière sur son projet Fran Gold en Colombie-Britannique, en se concentrant sur une zone de sulfures massifs en surface. Les analyses récentes ont confirmé des teneurs en or de 0,5 once par tonne, avec des analyses historiques atteignant jusqu'à 2,27 onces par tonne.
La société a extrait environ 10 tonnes de minerai contenant des minéralisations d'or, de cuivre et d'argent. L'analyse économique indique un bénéfice brut estimé à 599 $ par tonne basé sur les prix actuels de l'or à 3 400 $ l'once, avec un potentiel de réduction des coûts à mesure que les opérations se développent.
La zone de sulfures massifs est estimée à 60x30x4 mètres, avec une profondeur potentielle allant jusqu'à 30 mètres. NBRI poursuit un permis d'extraction de 10 000 tonnes et prévoit de développer à la fois la zone d'oxydes à haute teneur et un gisement à faible teneur et grand tonnage de 20 millions de tonnes avec une expansion possible à 40 millions de tonnes. La société initie également un processus de montée en gamme de OTCID à OTCQB.
North Bay Resources (OTC: NBRI) hat die anfänglichen Testbergungen bei seinem Fran Gold Projekt in British Columbia abgeschlossen, wobei der Fokus auf einer massiven Sulfid-Oberflächenzone lag. Jüngste Analysen bestätigten Goldgehalte von 0,5 Unzen pro Tonne, wobei historische Analysen bis zu 2,27 Unzen pro Tonne erreichten.
Das Unternehmen hat etwa 10 Tonnen Erz mit Gold-, Kupfer- und Silbermineralisierung abgebaut. Die wirtschaftliche Analyse zeigt einen geschätzten Bruttogewinn von 599 USD pro Tonne basierend auf aktuellen Goldpreisen von 3.400 USD pro Unze, mit Potenzial zur Kostensenkung bei Skalierung der Operationen.
Die massive Sulfidzonen wird auf 60x30x4 Meter geschätzt, mit einer potenziellen Tiefe von bis zu 30 Metern. NBRI strebt eine Abbaugenehmigung für 10.000 Tonnen an und plant die Entwicklung sowohl der hochgradigen Oxidzone als auch eines niedriggradigen Bulk-Tonnage-Lagers von 20 Millionen Tonnen mit möglicher Erweiterung auf 40 Millionen Tonnen. Das Unternehmen initiiert zudem einen Uplisting-Prozess von OTCID zu OTCQB.
- High-grade gold assays of 0.5 oz/ton with historical values up to 2.27 oz/ton
- Estimated gross profit of $599 per ton at current gold prices
- Potential for 30% reduction in transportation and mining costs as operations scale
- Large resource potential with deposit area exceeding 1000m x 100m x 300m
- Strategic location next to major mines including Centerra Gold's Mt. Milligan Project
- High operating costs of $435 per ton including significant transportation costs of $295/ton
- Expected 20% dilution and 20% recovery losses in processing
- Current small-scale operation limited to 10 tons of extracted ore
- Requires additional permits for larger-scale operations
BISHOP, Calif., Aug. 05, 2025 (GLOBE NEWSWIRE) -- North Bay Resources, Inc. (the “Company” or “North Bay”) (OTC: NBRI) is pleased to announce initial test mining has been completed at the Company’s Fran Gold Project, British Columbia. Development commenced at the location of a massive sulphide surface outcrop with recent assay of 0.5 ounce per ton gold (June 2025). The massive sulphide surface zone is between trenches of known high grade gold mineralization and is now the focus of development. Ore has been extracted in the directions of Trench B to the West, Trench C to the East, into the hillside to the North and at depth. The ore is heavily mineralized containing gold, copper, and silver mineralization primarily in the form of chalcopyrite, marcasite, and spherulite/galena. The massive sulphide ore is grey in color, blocky when broken with visual mineralization and veinlets or otherwise heavily oxidized with similar characteristics. Grade has been confirmed in recent assay as well as previous assays in Trenches B + C up to 2.27 ounces per ton gold (see Press Release dated June 16, 2025). Near surface sediment has been stripped and approximately 10 tons of ore has been extracted and packed into supersacks. Additional loading of ore will recommence in approximately 10 days with an expanded crew followed by shipment by tractor trailers to the Company’s Bishop Gold Mill for processing. The Company plans to continue development work into the Fall.
Pictures 1-3 Gold, Copper and Silver Bearing Ore, Fran Gold Project, BC
Fran Gold Surface Zone Economics
The gross value of recently extracted ore, on a per ton basis, utilizing recent and historical assays of 0.5 ounces per ton, based on a current gold price of
The massive sulphides zone has been confirmed in Trench B + C and now between the trenches. The zone is currently estimated to be 60 meters x 30 meters x 4 meters depth. Depth may be up to 30 meters where the oxide zone is unlikely to continue. Strike length may be substantially greater with high grade assays stretching as far as Trench E and mid grade ore in Tench A reflecting a distance of over 200m. Width is expected to pinch and swell.
Fran Gold Project
The Company has begun permitting of a 10,000 tonne extraction permit that will allow the Company to utilize large scale equipment and extract at a rate of 50-100 tons per day. Based on the results of the extraction and processing of the 10,000 tonnes, the Company will determine whether to apply for small mine permit of 50,000 tonnes per year or large mine permit. This will be largely dependent on the near term development of the surface oxide zone and long term availability of high grade ore, mine plan, and cost/benefit of development options. It is likely, based on the recently completed development and internal resource estimate, showing a high grade oxide zone and vein system, surrounded by a low grade bulk tonnage deposit that the Company will develop the low grade bulk tonnage deposit in parallel with the ongoing mining of the high grade oxide zone. The development of the core low grade bulk tonnage gold deposit of 20Mt would include an on-site mill and initial extraction of 1Mt per year at an estimated grade of 0.5 grams per tonne with potential expansion upto 2Mt per year and 40Mt resource. The total resource potential, beyond 40Mt, is unknown and likely to expand.
Past exploration and development, including over 18,000m (55,000ft.) of diamond drilling, has shown large intercepts of mixed vein and disseminated gold. The deposit area has been identified to be in excess of 1000m x 100m x 300m within a known strike length of 1700m. The Fran Gold Project is next to Centerra Gold’s Mt. Milligan Project, with Reserves of 264Mt grading 0.3 gram per tonne gold and
Corporate Update
The Company has begun the uplisting process and engaged with its accountant, audit firm, counsel and its transfer agent to complete the necessary filings to become a fully reporting issuer and achieve other minimum requirements to move from OTCID to OTCQB or other equivalent international exchange. The Company will provide details regarding these milestones as they become available.
On behalf of the Board of Directors of
NORTH BAY RESOURCES INC.
Jared Lazerson
CEO
X: @NorthBayRes
YouTube: North Bay Resources - YouTube
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.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/214b8406-26f6-45cc-8c62-ae304770064d
https://www.globenewswire.com/NewsRoom/AttachmentNg/f6418e11-4d64-454e-9ca0-6bf53f082792
https://www.globenewswire.com/NewsRoom/AttachmentNg/472add96-fe48-45b2-901f-2b672fcc665f
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