Mill Feedstock
The Company is in discussion and negotiations for feedstock for the Mill. The Company has targeted an initial acquisition of 10,000 tons grading one ounce per ton, approximately three months of feedstock. This equates to a total of 8,500 ounces at a projected recovery rate of 85% or $20M in gold at current spot price ($2,350 oz. Au).
Bishop Gold Mill
North Bay has entered into a share purchase agreement to acquire 55.5% of the Bishop Gold Mill, located in Inyo County, California (see press release dated April 8, 2024). The mill has a flotation circuit designed to process up to 96 tons per day / 3.000 tons per month. The mill is currently permitted for operation subject to various conditions and minor infrastructure completions.
On behalf of the Board of Directors of NORTH BAY RESOURCES INC.
Jared Lazerson
CEO
[email protected]
northbay-resources.com
X: @NorthBayRes
215-661-1100
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.
