Welcome to our dedicated page for North Bay Resour news (Ticker: nbri), a resource for investors and traders seeking the latest updates and insights on North Bay Resour stock.
North Bay Resour (NBRI) maintains an active presence in mineral exploration through strategic asset management and advanced geological analysis. This news hub provides investors with essential updates on mine planning developments, operational milestones, and corporate transactions.
Access timely reports covering key areas including mineral assay results, 3D modeling advancements, and operational updates from the Bishop Gold Mill facility. Our curated collection features verified press releases regarding asset acquisitions, partnership agreements, and technical exploration breakthroughs.
Regular updates include detailed analyses of geological mapping projects, resource estimation refinements, and corporate strategy implementations. Investors will find critical information on operational control agreements and mineral processing enhancements that impact NBRI's market position.
Bookmark this page for consolidated access to official North Bay Resour communications, including regulatory filings and operational progress reports. Check regularly for updates on mining sector developments directly affecting NBRI's exploration initiatives and asset portfolio optimization strategies.
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) has announced significant gold discoveries at its Fran Gold Project in British Columbia, including a massive sulphide outcrop assaying 0.5 oz/ton (14 g/t) gold. The newly identified gold zone spans 30x40 meters with a depth exceeding 4 meters, potentially containing 15,000 tons.
The company has initiated test mining operations and will process the ore at its Bishop Gold Mill. Recent mill operations demonstrated 80% gold recovery rates using gravity separation. Additionally, NBRI discovered a new mineralized area in the Hilltop Zone, showing assays of 0.1 oz/ton across 55 feet, expanding the project's potential.
The company's bulk tonnage deposit is estimated at 20Mt grading 0.5 g/t Au and 44Mt grading 0.3 g/t Au. The Fran Gold Project is strategically located near Centerra Gold's Mt. Milligan Project and Artemis Gold's Blackwater Mine.
North Bay Resources (OTC:NBRI) has announced a private placement offering targeting verified accredited investors. The offering consists of units priced at $0.001 USD per unit, comprising 60% common shares and 40% physical gold from company production, aiming to raise up to $1,000,000 USD.
For every $10,000 investment, investors receive 10,000,000 shares and 1.3 ounces of gold. The post-closing valuation is expected to be approximately $5.5 million USD. The company plans to use proceeds primarily for working capital and gold production at their 96-ton-per-day Bishop Gold Mill and various mining projects, including the Fran Gold Project which has a non-NI 43-101 resource estimate of 474,001 ounces of gold.
North Bay Resources (OTC: NBRI) has achieved continuous operations at its Bishop California Gold Mill, processing up to 9 hours daily and shipping 543 lbs of gold concentrate for assay. The company also reported progress at its Fran Gold Project in British Columbia, which recently estimated 474,000 ounces of contained gold.
At Fran Gold, the company completed grade control sampling of 4,200 tons of stockpiled ore and development work in an initial mining zone with consistent grade of 0.5 oz/ton. The project's resource estimate shows 43.8 million tonnes at 0.34 g/t gold in the Main Zone plus East Extension. Using a $3,100 gold price, the Main Zone's estimated gross value is $50 per tonne, with mining costs projected at $9 per tonne.
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.
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