North Bay Resources Announces Gold Assays up to 2.2 Ounces per Ton, Fran Gold Project, British Columbia

Rhea-AI Summary

North Bay Resources Inc. (OTC: NBRI) has announced high-grade gold assays from its Fran Gold Joint Venture in British Columbia. Samples from the Bullion Alley Zone near trenches B and C yielded gold assays up to 2.2 ounces per ton. The central area is recognized as the richest in the Bullion Alley Zone, supported by extensive sampling and over 50,000 feet of diamond drilling in 104 holes. A gold deposit from surface, 3700 feet in length, up to 120 feet wide, and over 700 feet deep has been delineated. Recent exploration in Spring 2024 prompted further investigation, resulting in multiple high-grade assays exceeding 1 ounce per ton during the Summer 2024 program.

Positive

• High-grade gold assays up to 2.2 ounces per ton
• Extensive gold deposit delineated: 3700 feet length, 120 feet width, 700 feet depth
• Property located 20 miles from Centerra Gold's large Mt. Milligan Copper, Gold Mine
• 5,000 ton surface bulk sample delineated for mill and metallurgical testing

Negative

• None.

News Market Reaction

+28.57%

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+28.57% News Effect

On the day this news was published, NBRI gained 28.57%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

BISHOP, Calif., Aug. 26, 2024 (GLOBE 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.

FAQ

What were the highest gold assay results from North Bay Resources' Fran Gold Project in 2024?

The highest gold assay result from North Bay Resources' Fran Gold Project in 2024 was 2.27 ounces per ton from the B Zone sample.

How many diamond drill holes have been completed at the Fran Gold Property (NBRI)?

Over 50,000 feet of diamond drilling in 104 holes have been completed at the Fran Gold Property.

What is the size of the gold deposit identified at North Bay Resources' Fran Gold Project?

The gold deposit at the Fran Gold Project is 3700 feet in length, up to 120 feet in width, and over 700 feet in depth from the surface.

When did North Bay Resources (NBRI) conduct its recent exploration programs at the Fran Gold Project?

North Bay Resources conducted exploration programs at the Fran Gold Project in Spring 2024 and Summer 2024.