North Bay Resources Inc. (the “Company” or “North Bay”)
(OTC: NBRI) is pleased to announce the commencement of gold ore shipments from the Fran
Gold Project to the Company’s Bishop Gold Mill. A four-man crew has mobilized to site and
the first tractor trailers are schedule to arrive in a week. The initial shipments will consist of 44
tons of surface material, manually loaded into one metric tonne (2200 lbs.) super-sacks. The
target material was recently assayed and graded 1.2 – 2.2 ounces gold per ton (see Press Release
dated August 26, 2024). Upon successful completion of the shipment and processing, additional
shipments will continue through-out the Fall, weather permitting. The Company has identified
approximately 5000 tons of target material and a substantially larger amount of near surface
material that is the subject of future development.
Taber Mine Joint Venture
Further, the Company is pleased to announce it has entered into an agreement (the
“Agreement”) with a private arms-length Company to acquire a 50% interest in the Taber Mine
located in Sierra County, California. The Taber Mine is a largely undeveloped deposit,
contiguous and on the same channel as the Union-Keystone Mine the largest and most prolific
producer in the area. The Taber Mine is a permitted underground mine with existing on-site
gravity processing and sorting in excess of 100 tons per day. The property has two known
mineralized channels the Front and Back Channel respectively. These channels converge at the
North end of the property into single channel, the Bellevue Channel, which crosses into the
Union-Keystone Mine property, this channel being one of the most productive deposits in the
region with over 1.1 million ounces of gold produced at Union-Keystone alone. The largely
untouched Back Channel is estimated at up to 250 feet total width and runs the entire length of
the property approximately 6000 feet with a mineralized height of no greater than 6 feet.
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Taber Mine Development
A mining crew arrived on-site last week, entered the mine and began rehabilitation work to
provide access to the Wild Boar Zone approximately 700 feet inside the mine. Primary work
consisted of steel and timber reinforcement of the tunnel and will expand to the historic Wild
Boar shaft itself shortly. Once access is secured, the Company will complete sampling of the
three known mining faces where mining as recent as the 1990’s is reported. The Company plans
to commence test mining upon confirmation of assay via rehabilitation of mine gauge rail, ore
cars and electric locomotive. Additionally, rehabilitation and development of the entire existing
4000 foot tunnel extending to the largely unmined Back Channel will follow-on, after
development of the Wild Boar Zone in the Front Channel.
Corporate Update
The Company has received a notice of conversion in the amount of $62,663 from
Caesar Capital Group, LLC and will issue 136,223,913 non-restricted shares at a rate of
$0.00046 as required under the conversion terms. The Company has entered into an
agreement with Nex Gen AI Holdings, LLC. For digital marketing services at a rate of
$22,166 per month for 6 months. The Company has agreed to settle this obligation for
shares at a price of $0.0008 for 133,000,000 restricted shares. The shares will have a
statutory hold of one year.
On behalf of the Board of Directors of
NORTH BAY RESOURCES INC.
Jared Lazerson
CEO
[email protected]
northbay-resources.com
X: @NorthBayRes
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LinkedIn: North Bay Resources Inc | LinkedIn
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.
