North Bay Resources
Announces Assays up to 5 oz/ton Gold, 1.5 oz/ton Platinum, 0.5
oz/ton Palladium, and 0.5 oz/ton Rhodium at
Mt. Vernon Gold
Mine, Sierra County, California
Bishop, CA -- October 4, 2024 --
InvestorsHub NewsWire -- North Bay Resources Inc. (the
"Company" or
"North
Bay") (OTC:
NBRI) is pleased to announce assays up to 5 ounces per ton
gold, 0.7 ounces per ton silver, 1.5 ounces per ton platinum, 0.5
ounces per ton palladium, and 0.5 ounces per ton rhodium from
recent underground sampling across 230 feet at its Mt. Vernon Gold
Mine (see Figure
1). Samples were taken between the 290
foot marker and the 520 foot marker on either side of the existing
tunnel in the known gold zone. The sampling was completed in
advance of bulk tonnage mining expected to commence shorty
(see Press Release
Dated September 11, 2024). The assays support and are comparable
to previous sampling (2023) and provide further confidence in the
grade of the immediately available material at Mt. Vernon with the
addition of significant platinum group metals including platinum,
palladium, and rhodium.
|
Sample I.D.
|
Gold
|
Silver
|
Platinum
|
Palladium
|
Rhodium
|
|
|
oz/ton
|
oz/ton
|
oz/ton
|
oz/ton
|
oz/ton
|
|
2021263220
|
3.00
|
0.67
|
1.28
|
0.42
|
0.26
|
|
2021263221
|
3.71
|
0.31
|
1.03
|
0.16
|
0.21
|
|
2021263222
|
4.01
|
0.48
|
1.44
|
0.14
|
N.D.
|
|
2021263223
|
4.92
|
0.39
|
1.15
|
0.02
|
N.D.
|
|
2021263224
|
3.39
|
0.36
|
0.91
|
0.47
|
0.16
|
|
2021263225
|
1.63
|
0.38
|
1.29
|
0.32
|
0.33
|
|
2021263226
|
5.02
|
0.48
|
1.49
|
0.25
|
0.45
|
|
2021263227
|
2.17
|
0.67
|
1.34
|
0.16
|
N.D.
|
|
2021263288
|
3.29
|
0.37
|
1.23
|
0.02
|
N.D.
|
|
2021263289
|
0.69
|
0.70
|
1.30
|
0.45
|
0.29
|
|
2021263291
|
1.28
|
0.33
|
1.15
|
0.32
|
N.D.
|
|
2021263294
|
1.17
|
0.32
|
0.66
|
0.02
|
N.D.
|
Figure 1. Mt.
Vernon Gold Mine Assays – October 2024
Assays were completed at Enviro-Chem
Analytical Laboratory using a 3-acid digestion and atomic
absorption spectrometry for individual metals.
Mine
Plan
The initial mine plan is now complete
and provides for the extraction of 497 tons of ore, in 4 tunnels
totaling 217 feet in length (see Diagram
1), for direct shipment to the
Company's 100 ton per day Bishop Gold Mill located in Inyo County,
California. Prior metallurgy work has shown gold,
silver and platinum may be separated and concentrated by a basic
crush and grind with gravity table recovery
(see Press Release
dated August 22, 2024) and is well suited to the Bishop
Gold Mill circuit.
Diagram
1.
3D Mine Plan – Mt.
Vernon Gold Mine
Mt. Vernon Gold
Mine
The Mt. Vernon Gold Mine is a largely
undeveloped deposit. Sampling, by qualified mining
engineers, have assayed greater than 1 ounce per ton, and up to 5
ounces per ton, continuously reported over 200
feet.
The modern access tunnel runs across
the known 200-foot-wide gold bearing zone and perpendicular to the
channel itself. The channel is up to 500 feet wide
and extends over 2000 feet in length throughout the
property. The channel varies in thickness from
4 feet to up to 20 feet. Typically, the lower 4 feet contains
the higher gold grades. The channel is the same channel
previously mined at the contiguous Ruby Mine which is known to be
the richest mine in North America. Mt. Vernon is a permitted underground
mine with modern portal, tunnel, ventilation. power, and
equipment. The ore body is estimated at 954,000
tons based on the known channel (B. Hanford,
2023).
On behalf of the Board of Directors
of
NORTH BAY RESOURCES
INC.
Jared Lazerson
CEO
info@northbay-resources.com
northbay-resources.com
X: @NorthBayRes
LinkedIn:
North Bay Resources Inc | LinkedIn
YouTube:
@NorthBayResources
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.