MINING REFINING

North Bay Resources starts prep for gold production

Mon Aug 05 2024

North Bay Resources Inc. (OTC:NBRI) has begun preparations for the startup of production at its Mt Vernon gold mine in Sierra County, California. It follows the completion of underground exploration, including extensive vertical and horizontal channel sampling of 150 feet of developed mining faces. Assays from this exploration saw high-grade results of up to 4.8 ounces per ton.

At Mt Vernon, the company’s initial mine plan involves the use of panel mining, focusing on the extraction of high-grade material.

It is targeting a production rate of 100 tons per day, which is expected to yield approximately 80 ounces of gold per day. The ore body is estimated to contain 954,000 tons.

Exploration and planning activities are also underway at the Murex Copper-Gold Project and Fran Gold Project in British Columbia, the company noted.

"The Company expects assays shortly which will be used to initiate mining operations and determine underground drilling locations for the purpose of further delineating the deposit and development of a long term mine plan," North Bay said in a statement.

Source: https://www.proactiveinvestors.co.uk/