North Bay Resour Stock Price, News & Analysis

North Bay Resources (OTC: NBRI) has announced the successful settlement of its first gold concentrate sale from the Fran Gold Project, processed at their Bishop Gold Mill. The concentrate, derived from approximately 10 tons of ore, yielded 1.401 oz of gold and 0.658 oz of silver, resulting in a net payment of $3,981.83.

The company reports that current net value is approximately $400 per ton, with expectations to increase to $800 per ton after optimization and flotation circuit implementation. Transportation costs are expected to decrease from $300 to $200 per ton due to a new rail siding. The mill's direct operating cost is projected at $35 per ton.

Recent data compilation has revealed a bulk tonnage gold deposit at Fran, with significant drill intercepts including 157.9m @ 0.6 g/t Au, including 76.1m @ 1.1 g/t Au. The deposit area has been identified to exceed 1000m x 100m x 300m within a 1700m strike length. The project is located near Centerra Gold's Mt. Milligan Project and Artemis Gold's Blackwater Mine.

North Bay Resources (OTC: NBRI) has announced the discovery of a significant mass tonnage gold deposit at its Fran Gold Project in British Columbia. Analysis of historical diamond drilling data revealed intercepts of up to 149m grading 0.95 g/t Au. The deposit area spans 1000m x 100m x 300m within a 1700m strike length, suggesting an exploration potential of 79.5 million tonnes with an estimated 2M ounces at an average grade of 0.8 g/t.

The project is strategically located near Centerra Gold's Mt. Milligan Project and Artemis Gold's Blackwater Mine. The company plans to proceed with a NI 43-101 Compliant Mineral Resource Estimate. Data indicates expansion potential at depth and extensions to the East and North-East where copper grades increase.

In corporate updates, NBRI faces legal challenges with River Resources over the Mt. Vernon Mine operations, claiming $19.5M in damages. Additionally, the company has terminated its Taber Mine Joint Venture Agreement effective April 1, 2025.

North Bay Resources (OTC: NBRI) has completed its second test shipment of 240 pounds of gold concentrate from approximately 10 tons of ore processed at its Bishop Gold Mill in California. The concentrate was shipped to Just Refiners and ALS Geochemical in Reno, NV.

The company has implemented significant mill improvements, including an additional water holding tank and a new recirculation pump, which will increase processing capacity from 10-20 tons to nearly 96 tons per day. The water recirculation system is expected to handle over 80% of water use, eliminating the previous 8-hour recharge requirement.

At the Fran Gold Project, NBRI is planning to extract 10,000 tons of near-surface material from the main zone, which has shown consistent grades of 0.5 ounces per ton across 100-foot-wide trenches. The property spans 34,360 acres and features a gold deposit extending 3,700 feet in length, up to 120 feet in width, and over 700 feet in depth, with gold grades reaching up to 2.6 troy ounces per ton.

North Bay Resources (OTC: NBRI) has announced significant exploration results from its Copper Island Project in British Columbia. February 2025 rock sampling across 8 outcrops revealed impressive assays of up to 5.69% copper, 1 ounce silver, and 0.22% vanadium, with average values of 4.6% copper, 0.5 ounces per ton silver, and 0.9% vanadium.

Metallurgy studies showed copper in oxide form reaching up to 74.4%, with averages of 40.3%, 42.1%, and 58.4% across different leach tests. This oxide form typically indicates low processing costs with high recovery rates. The property, characterized as a Red-Bed Copper deposit, contains multiple mineralized zones including the Pomeroy 1-3, Beaver, and Copper Bell zones.

Historic exploration data indicates substantial resources, with previous estimates totaling 50,886,710 lbs of copper from various zones, including the Pomeroy Group showing significant copper-silver mineralization.

North Bay Resources (OTC: NBRI) has completed a test shipment of 327 lbs of gold concentrate from its Bishop Gold Mill to Just Refiners in Reno, NV. The concentrate, grading 14.2 ounces per ton, was produced from processing ore from the Fran Gold Property in February.

Recent ore processing runs yielded 2.44 troy ounces of contained gold from approximately 10 tons of ore, achieving a recovered gold grade of 0.24 ounces per ton. Current recovery rates are estimated at 50% overall, with gravity recovery reaching 70%. The mill has shown significant optimization progress:

• Centrifuge grade improved from 0.5 to 19 ounces per ton
• Double pass centrifuge grade achieved 45 ounces per ton
• Shaker table recovery increased from 0.2 to 5.2 ounces per ton

The Fran Gold Property spans 34,360 acres and is located 20 miles from Centerra Gold's Mt. Milligan Mine. The property features a gold deposit extending 3,700 feet in length, up to 120 feet in width, and over 700 feet in depth, containing parallel gold veins grading up to 2.6 troy ounces per ton.

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.

North Bay Resources (OTC: NBRI) has announced the acquisition of an additional 14.5% interest in the Bishop Gold Mill in California, increasing its total ownership to 70%. The 96-ton per day mill recently received upgraded gold extraction equipment, including a centrifuge, following a December 2024 metallurgical study showing 97% gold recovery with 0.9 ounces per ton head grade from its Fran Gold Project.

The acquisition involves payments to CMC Metals and 1436132 BC , including staged cash payments totaling $162,500 and a share payment of $200,000 CAD (155,555,556 restricted shares). The shares are subject to a one-year hold period and represent approximately 2% of outstanding shares. Upon completion, CMC will no longer hold security interest in the mill, with North Bay remaining as operator.

North Bay Resources (NBRI) has announced the successful installation and operation of new gravity separation and gold recovery equipment at its Bishop Gold Mill in California. The company is processing ore from its Fran Gold Project, with microscopic analysis showing significant gold recovery using a Knudsen Bowl concentrator.

Recent metallurgical studies from the Fran Gold Project demonstrated over 97% recovery rates, combining 67% by gravity and 29% by flotation. The head grade of 0.91 ounces per ton gold was upgraded to 8.54 ounces per ton through gravity separation, with additional flotation achieving 2.69 ounces per ton, resulting in a total concentrate of 11.23 ounces per ton.

The Fran Gold Project spans 34,360 acres and features a gold deposit extending 3,700 feet in length, up to 120 feet in width, and over 700 feet in depth. The property contains 3-4 parallel gold veins grading up to 2.6 troy ounces of gold per ton, with approximately 5,000 tons of surface material ready for shipment.