North Bay Resources Announces Production of 8.5 Ounces Per Ton Gold Concentrate, Bishop Gold Mill, California

Rhea-AI Summary

North Bay Resources Inc. (OTC: NBRI) has announced successful production of high-grade gold concentrate at its Bishop Gold Mill in California. The concentrate yielded 8.52 ounces per ton gold, aligning with recent metallurgical studies that produced 8.54 ounces per ton using gravity separation.

The company's Fran Gold Project spans 34,360 acres and is situated 20 miles from Centerra Gold's Mt. Milligan Mine. The project features a gold deposit extending 3,700 feet in length, up to 120 feet in width, and over 700 feet in depth. The deposit contains 3-4 parallel gold veins grading up to 2.6 troy ounces of gold per ton, with additional copper content up to 1.68% and silver up to 5.1 troy ounces per ton. The company reports approximately 5,000 tons of surface material ready for shipment.

Positive

• Production of high-grade gold concentrate at 8.52 oz/ton, confirming previous metallurgical studies
• Substantial gold deposit with 3-4 parallel veins grading up to 2.6 oz/ton gold
• Additional valuable minerals present (up to 1.68% copper and 5.1 oz/ton silver)
• 5,000 tons of surface material ready for shipment
• Strategic location near major mining operation (Centerra Gold's Mt. Milligan Mine)

Negative

• None.

BISHOP, Calif., Feb. 19, 2025 (GLOBE NEWSWIRE) -- North Bay Resources Inc. (the “Company” or “North Bay”) (OTC: NBRI) is pleased to announce production of concentrate grading 8.52 ounces per ton gold. The concentrate was produced utilizing the gravity circuit at the Company’s Bishop Gold Mill with ore from its Fran Gold Project. The results are in-line with recent metallurgical studies that produced 8.54 ounces per ton gold concentrate utilizing gravity separation (see Press Release dated December 16, 2024). The Company continues to process ore and optimize the mill in coordination with its refinery partner.

Multi-element analyses and fire assay with gravity finish were conducted by ALS Geochemistry Reno, Nevada, utilizing ALS Analytical Procedure ME-ICP41 and Au-GRA22.

Fran Gold Project

The Property is 34,360 acres and is located 20 miles from Centerra Gold’s 60,000 ton 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 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

YouTube: North Bay Resources - YouTube

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 is the gold concentration achieved by NBRI at the Bishop Gold Mill in February 2025?

North Bay Resources achieved a gold concentrate grade of 8.52 ounces per ton at its Bishop Gold Mill in California.

How large is NBRI's Fran Gold Project and what are its key characteristics?

The Fran Gold Project is 34,360 acres, featuring a gold deposit that is 3,700 feet long, up to 120 feet wide, and over 700 feet deep, with 3-4 parallel gold veins grading up to 2.6 troy ounces per ton.

What is the current available surface material at NBRI's Fran Gold Project?

The Fran Gold Project has approximately 5,000 tons of surface material available for shipment.

What additional minerals besides gold were found at NBRI's Fran Gold Project?

The project contains copper up to 1.68% and silver up to 5.1 troy ounces per ton.

How does NBRI's February 2025 gold concentrate compare to previous metallurgical studies?

The 8.52 ounces per ton gold concentrate aligns closely with recent metallurgical studies that produced 8.54 ounces per ton using gravity separation.