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 announced the successful completion of flooding and operational tests of flotation cells and frothing equipment at the Bishop Gold Mill in Bishop, California. The flotation cells are used to extract gold and sulphides from host rock. Initial tests have been promising, with assays from the Fran Gold Joint Venture confirming 0.5 troy ounces of gold per ton from surface material. The company aims to process an initial 5,000 tons of material, equating to approximately 2,500 troy ounces of gold. Metallurgical analyses are ongoing to determine the composition and efficacy of reagents used. North Bay continues to explore gold mine acquisitions and joint ventures in the Western US and Canada, aiming to secure more gold resources to support the Bishop Mill and potential expansions.
North Bay Resources announced the results of recent exploration at its Fran Gold Joint Venture in British Columbia. Assays from trenches B and C revealed gold concentrations of 0.53 and 0.44 troy ounces per ton, respectively, marking the Bullion Alley Zone as a significant area for potential gold extraction. Additional assays from trenches A and B indicated 0.9% copper content.
The assays were conducted at ALS Global Laboratory using fire assay and ICP methods. The Fran Gold Project is a 50/50 joint venture with MGX Minerals, encompassing 34,360 acres. Extensive drilling has identified substantial gold deposits, including a 3,700-foot-long deposit with veins containing up to 2.6 troy ounces of gold per ton.
North Bay Resources (NBRI) has announced promising assay results from its Tulameen Platinum Project in British Columbia. The assays indicate significant concentrations of magnesium (up to >25%), nickel (0.1%), copper (0.1%), cobalt (0.01%), and platinum (0.3 ppm). Nine rock samples analyzed in April 2024 at ALS Global Laboratory confirmed the presence of a magnesium-hosted nickel-cobalt deposit with copper and platinum group metals. Historical data estimates 15 million tons of olivine (magnesium) in the property. Key geological zones such as Creek, South, and Ridge zones exhibit promising mineralization. Additionally, the company has increased a promissory note from $35,000 to $85,000 at a 10% annual interest rate.
North Bay Resources announces a 50/50 joint venture with MGX Minerals for the Fran Gold Project in British Columbia. The project spans 34,360 acres, featuring substantial gold and copper deposits. Historical drilling data reveals high-grade gold intercepts and assays of up to 1.68% copper and 5.1 troy ounces of silver per ton. A 5,000-ton target zone has been flagged for exploration to support a maiden NI 43-101 Resource Estimate and bulk sample. The JV entails two phases: Phase I requires mining and milling 2,500 ounces of gold within 12 months for a 30% interest, and Phase II requires an additional 2,500 ounces within 24 months for a 50% interest. North Bay will be the operator, with equal profit-sharing. Corporate updates include media and corporate development service agreements.
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