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North Bay Resources Inc. (NBRI) announces successful equipment test at Bishop Gold Mill in Inyo County, California. The company completed initial powerup and testing of various equipment, all of which are in good working order. Plans for feedstock acquisition and potential gold recovery are discussed in the press release.
North Bay Resources Inc. (NBRI) annuncia il successo del test dell'attrezzatura al Bishop Gold Mill nella contea di Inyo, California. La società ha completato l'inizializzazione e il test di varie attrezzature, tutte in buone condizioni di funzionamento. I piani per l'acquisizione di materie prime e la potenziale recupero dell'oro sono stati discussi nel comunicato stampa.
North Bay Resources Inc. (NBRI) anuncia el éxito en la prueba de equipo en Bishop Gold Mill en el condado de Inyo, California. La compañía completó la puesta en marcha inicial y las pruebas de diversos equipos, todos en buen estado de funcionamiento. Se discuten los planes para la adquisición de materia prima y la posible recuperación de oro en el comunicado de prensa.
North Bay Resources Inc. (NBRI)는 캘리포니아주 이노카운티의 비숍 골드 밀에서 성공적인 장비 테스트를 발표했습니다. 회사는 다양한 장비의 초기 전원 공급 및 테스트를 완료했으며, 모든 장비가 양호한 작동 상태에 있습니다. 보도 자료에서는 원자재 취득 및 잠재적 금 회수 계획에 대해 논의되었습니다.
North Bay Resources Inc. (NBRI) annonce un test d'équipement réussi à Bishop Gold Mill dans le comté d'Inyo, Californie. La compagnie a complété la mise sous tension initiale et les tests de divers équipements, tous en bon état de fonctionnement. Les plans d'acquisition de matières premières et de récupération potentielle d'or sont discutés dans le communiqué de presse.
North Bay Resources Inc. (NBRI) meldet erfolgreichen Gerätetest im Bishop Gold Mill in Inyo County, Kalifornien. Das Unternehmen hat die Erstaktivierung und das Testen verschiedener Geräte abgeschlossen, alle sind in gutem Betriebszustand. Pläne für die Beschaffung von Rohstoffen und mögliche Goldrückgewinnung werden in der Pressemitteilung erörtert.
Positive
Successful completion of equipment test at Bishop Gold Mill
Equipment including jaw crusher, ball mill, shaker table, and flotation tanks tested
Company in negotiations for feedstock acquisition for the Mill
Projected recovery rate of 85% for 8,500 ounces of gold
Share purchase agreement for 55.5% acquisition of Bishop Gold Mill
Mill permitted for operation with a capacity of up to 96 tons per day
Potential revenue of $20 million at current gold spot price
CEO Jared Lazerson's contact information provided
Negative
None.
SKIPPACK, Pa., April 23, 2024 (GLOBE NEWSWIRE) -- North Bay Resources Inc. (the “Company” or “North Bay”) (OTC: NBRI) is pleased to announce it has completed initial powerup and testing of mill equipment at the Bishop Gold Mill (the “Mill”). Equipment tested included jaw crusher, ball mill, shaker table, and flotation tanks, as well as related conveyors and ancillary equipment. All equipment powered up successfully and is in good working order. The bushings on the ball mill will be replaced shortly to assure continuous operation. Although permitted since 2019, the mill has not operated and all equipment has very low hours and remains in as new working condition, including wiring, plumbing and associated fixtures including the mill building and tailings pond.
Mill Feedstock
The Company is in discussion and negotiations for feedstock for the Mill. The Company has targeted an initial acquisition of 10,000 tons grading one ounce per ton, approximately three months of feedstock. This equates to a total of 8,500 ounces at a projected recovery rate of 85% or $20M in gold at current spot price ($2,350 oz. Au).
Bishop Gold Mill
North Bay has entered into a share purchase agreement to acquire 55.5% of the Bishop Gold Mill, located in Inyo County, California (see press release dated April 8, 2024). The mill has a flotation circuit designed to process up to 96 tons per day / 3.000 tons per month. The mill is currently permitted for operation subject to various conditions and minor infrastructure completions.
Figure 1. Ball Mill – Bishop Gold Mill, Inyo County, CA.
On behalf of the Board of Directors of
NORTH BAY RESOURCES INC.
Jared Lazerson CEO
jared@northbay-resources.com
northbay-resources.com
X: @NorthBayRes
215-661-1100
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.
