North Bay Resources
Announces Federal (MSHA) Approval of Mt. Vernon Gold Mine
Operational Plan and Commencement of Production, Sierra County,
California
Bishop, CA -- October 21, 2024 --
InvestorsHub NewsWire -- North Bay Resources Inc. (the
"Company" or
"North
Bay") (OTC:
NBRI) is pleased to announce the United States Department of
Labor, Mining Safety and Health Administration
("MSHA") for the Western District has
issued all necessary approvals for the commencement of full-scale
production at the Company's Mt. Vernon Gold Mine located in Sierra
County, California. The Company has received specific
notices as follows:
-
The application for Alternative Mine Rescue Capability for small
and remote
mines dated 10/11/2024 has been
reviewed for compliance with the provisions of
30
CFR 49.3 is approved;
-
The Ventilation Plan dated 10/11/2024 has been received and
reviewed for compliance with 30 CFR §57.8520---Ventilation Plan: no
deficiencies noted;
-
The Escape and Evacuation Plan for the Mt. Vernon Mine, Mine I.D. #
04-04088 dated
10/11/2024 as required by 30 CFR
§57.11053 has been reviewed and is approved.
The first phase of mining will be to
blast, load, sort and ship 500 tons from the heart of the
deposit. This zone has shown consistent gold
grades over 1 ounce and up to 5 ounces per ton
gold.
An updated mine plan has been
completed by Respec (Mining Engineers) targeting the highest grade
zone (see Diagram
1).
Diagram 1. –
Updated Mine Plan for Extraction of 500 tons.
The updated mine plan utilized
previous geological mapping and 3D modelling of the known
high-grade channel and recent (see Press Release
dated October 4, 2024) as well as previous assays
(see Press Release
dated July 17, 2024) as follows:
Mt.
Vernon Assays - October 2024
|
Sample I.D.
|
Location
|
Gold
|
Silver
|
Platinum
|
Palladium
|
Rhodium
|
|
|
|
oz/ton
|
oz/ton
|
oz/ton
|
oz/ton
|
oz/ton
|
|
2021263288
|
Right Cross Cut L
|
3.29
|
0.37
|
1.23
|
0.02
|
N.D.
|
|
2021263224
|
Right Cross Cut R
|
3.39
|
0.36
|
0.91
|
0.47
|
0.16
|
|
2021263294
|
3+90-4+00 L
|
1.17
|
0.32
|
0.66
|
0.02
|
N.D.
|
|
2021263225
|
4+30-4+40 L
|
1.63
|
0.38
|
1.29
|
0.32
|
0.33
|
|
2021263223
|
4+40-4+50 L
|
4.92
|
0.39
|
1.15
|
0.02
|
N.D.
|
|
2021263226
|
4+50-4+60 L
|
5.02
|
0.48
|
1.49
|
0.25
|
0.45
|
|
2021263222
|
4+70-4+80 L
|
4.01
|
0.48
|
1.44
|
0.14
|
N.D.
|
|
2021263227
|
3+90-4+00 R
|
2.17
|
0.67
|
1.34
|
0.16
|
N.D.
|
|
2021263221
|
4+10-4+20 R
|
3.71
|
0.31
|
1.03
|
0.16
|
0.21
|
|
2021263220
|
4+20-4+30 R
|
3.00
|
0.67
|
1.28
|
0.42
|
0.26
|
|
2021263291
|
4+40-4+50 R
|
1.28
|
0.33
|
1.15
|
0.32
|
N.D.
|
|
2021263289
|
5+10-5+20 R
|
0.69
|
0.70
|
1.30
|
0.45
|
0.29
|
Mt.
Vernon Assays – October 2023
|
Sample ID
|
Location
|
Gold
|
|
|
|
oz/ton
|
|
MV23-8
|
3+90-4+00 L
|
2.11
|
|
MV23-7
|
4+00-4+10 L
|
2.02
|
|
MV23-6
|
4+10-4+20 L
|
1.35
|
|
MV23-25
|
4+20-4+30 L
|
2.10
|
|
MV23-18
|
4+30-4+40 L
|
3.22
|
|
MV23-12
|
4+40-4+50 L
|
4.80
|
|
MV23-14
|
4+50-4+60 L
|
2.48
|
|
MV23-23
|
4+60-4+70 L
|
1.82
|
|
MV23-13
|
4+70-4+80 L
|
2.83
|
|
MV23-26
|
4+80-4+90 L
|
1.52
|
|
MV23-2
|
4+90-5+00 L
|
2.57
|
|
MV23-24
|
5+00-5+10 L
|
1.06
|
|
MV23-9
|
5+10-5+20 L
|
0.67
|
|
MV23-3
|
5+20-5+30 L
|
0.94
|
|
MV23-29
|
5+30-5+40 L
|
0.93
|
|
MV23-17
|
3+90-4+00 R
|
2.01
|
|
MV23-10
|
4+10-4+20R
|
2.4
|
|
MV23-19
|
4+20-4+30 R
|
2.21
|
|
MV23-28
|
4+30-4+40 R
|
1.32
|
|
MV23-16
|
4+40-4+50 R
|
1.58
|
|
MV23-21
|
4+50-4+60 R
|
1.27
|
|
MV23-20
|
4+60-4+70 R
|
1.85
|
|
MV23-11
|
4+70-4+80 R
|
0.74
|
|
MV23-27
|
4+80-4+90 R
|
1.19
|
|
MV23-1
|
4+90-5+00 R
|
0.85
|
|
MV23-4
|
5+00-5+10 R
|
1.70
|
|
MV23-15
|
5+10-5+20 R
|
1.21
|
|
MV23-5
|
5+20-5+30 R
|
0.40
|
|
MV23-22
|
5+30-5+40 R
|
0.38
|
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).
Bishop Gold
Mill
The gravity circuit at the Company's
Bishop Gold Mill is now operational and the processing of
gold bearing ore from the Company's
Fran Gold project is expected to commence this
week.
Woods Process Services personnel will
be on site Tuesday, October 22 to complete final electrical
inspection prior to processing of gold bearing ore having already
completed mechanical inspection. Operational components include jaw
crusher (see Press Release
dated October 1, 2024), conveyor (installation of a new
conveyor was completed last week), vertical bucket conveyor (for
movement of ore to the ball mill feed silo), ball mill,
raker/classifier, and gravity table. The raker/classifier separates
larger material and nuggets, which are passed to the gravity table,
from the finer material which reports to the flotation
circuit. Improvements and replacements, by the
industrial plumber, at the water tower, of certain sections of
piping, and various valves this past week has been
successful. Proper volume and flow of water is
now occurring to the gravity table, flotation cells, and throughout
the plant to the tailings pond.
Metallurgy
Previously announced metallurgy
studies of ore, from the Company's Fran Gold project, to determine
final froth flotation and reagent requirements for the extraction
of gold, are proceeding at Woods Process Services' Metallurgy
Laboratory. Upon completion of the formulation, extraction by
flotation at the Bishop Gold Mill will
commence. Kappes, Cassiday & Associates has
commenced metallurgical studies on ore from the Mt. Vernon Gold
Mine for the purpose of detailed ore characterization, report to
tailings and to better understand this unique high-grade ore in
anticipation of production. Enviro-tech Analytical Labs has
commenced gravity separation testing on composite samples from
previously assayed material from Mt. Vernon
(see Press Release
dated October 4, 2024). The purpose of this work is to set a
baseline percentage and concentration ratio for recovery of gold,
platinum, and silver by gravity separation at the Bishop Gold
Mill.
The gravity separated concentrate
produced at the Bishop Mill will be used to produce dore bars and
platinum buttons utilizing the on-site
furnace. The furnace is fully
operational. Based on prior work, gravity recovery
of gold and platinum from Mt. Vernon is expected to be high and the
use of the flotation circuit may not be immediately
necessary.
Engineering
NewFields, as lead environmental
engineers, have filed a revised and updated closure cost analysis
(2024 dollars) and tailings pond liner inspection report with
regulators. A determination will be made by
regulators as to whether to increase the closure
bond.
The Company currently has a closure
bond in place of $250,000. Woods Process Services, in addition
to assisting with mill start-up, is now developing mass balances
and detailed ore flow and extraction models along with designing
the implementation of grade and recovery monitoring
systems. Further analyses to determine areas
of potential efficiency, recovery, and cost reduction is
underway. In particular, the addition of
specialized gravity gold concentration equipment such as Knelson
concentrators are being considered.
On behalf of the Board of Directors
of
NORTH BAY RESOURCES
INC.
Jared Lazerson
CEO
info@northbay-resources.com
northbay-resources.com
X: @NorthBayRes
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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.