Tue, Jun 30, 2009 • NBRI.PK North Bay Resources Inc. (NBRI) Retains Auditor to Continue Uplisting Process Marketwire (Tue, Jun 30) Thu, Jun 25, 2009 • NBRI.PK North Bay Resources Inc. (NBRI) Expands Size and Scope of Bouleau Creek Gold Property
North Bay Resources Inc. (NBRI) Acquires Cherry Gold Property Press Release Source: North Bay Resources Inc. On Wednesday July 8, 2009, 9:34 am EDT Buzz up! 0 Print Companies:North bay resources, inc.
North Bay Resources Inc. (Pinksheets:NBRI - News) ("North Bay" or the "Company") is pleased to announce that it has acquired a 100% interest in the Cherry Gold Property in southeastern British Columbia, Canada.
Cherry Gold is a road-accessible property that covers 1,788 acres located 9 kilometres east of Cherryville, BC and 50 kilomtres east of Vernon BC. The property is within the Monashee Gold Camp, and was previously known as the Hilton Claim Group.
The primary target area is known as the Bulldozer Trench. According to MINFILE 082LSE063, there are 2 mineralized shear zones in the Bulldozer Trench: the Cherry and the Hilton shears. BC Assessment Report 11892 documents that samples from this area have assayed up to 158 grams (5.08 ounces) per tonne gold and 1251 grams (40.22 ounces) per tonne silver. Samples of the Cherry shear where no quartz veining is present assayed up to 20 grams per tonne gold, 1.05 per cent lead and 76 grams per tonne silver over 90 metres. These samples are confirmed in Assessment Report 18706, which concludes that the property "has good potential for hosting an economic gold deposit." As well, both of these mineralized shear zones are open along strike and down dip.
A second target zone has been identified near the northwestern border of the property, and which is within 250 metres of the past-producing True Blue mine. As documented in MINFILE 082LSE035, assays from the True Blue were reportedly as high as 100,000 grams (3,215 ounces) per tonne silver. The Company believes that the True Blue vein system may extend further to intersect the northwest quadrant of the Cherry Shear, the potential of which warrants further investigation.
About North Bay Resources Inc.
North Bay Resources Inc. (Pinksheets:NBRI - News) is a junior mining company with over 100 mineral and placer claims encompassing approximately 40,000 acres throughout British Columbia, Canada. The Company's mission is to build a portfolio of viable mining prospects throughout the world and developing them through subsidiaries and JV partners to their full economic potential. North Bay's business plan is based on the Generative Business Model, which is designed to leverage its properties into near-term revenue streams even during the earliest stages of exploration and development. This provides shareholders with multiple opportunities to profit from discoveries while preserving capital and minimizing the risk involved in exploration and development.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although North Bay Resources Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by North Bay Resources Inc. or any other person that the objective and plans of North Bay Resources Inc. will be achieved.
Contact: Contact:Perry LeopoldCEONorth Bay Resources Inc.215-661-1100
North Bay Resources Inc. (NBRI) Adds to Coronation Gold Property Press Release Source: North Bay Resources Inc. On Monday July 20, 2009, 8:50 am EDT Buzz up! 0 Print Companies:North bay resources, inc. North Bay Resources Inc. (Pinksheets:NBRI - News) ("North Bay" or the "Company") is pleased to announce that it has staked additional claims adjacent to the Company's Coronation Gold Property, effectively tripling its size.
Related Quotes Symbol Price Change NBRI.PK 0.02 0.00
{"s" : "nbri.pk","k" : "c10,l10,p20,t10","o" : "","j" : ""} Coronation Gold is located near Memphis Creek, 6 kilometres northeast of Slocan in southeastern British Columbia. The property now covers 309 acres over several reverted crown grants and includes four other past-producing mines; the Colorado (MINFILE 082FNW161), the V&M (MINFILE 082FNW191), the Senator (MINFILE 082FNW164), and the Homestake (MINFILE 082FNW213), in addition to the Coronation (MINFILE 082FNW162). Primary mineralization is gold, silver, zinc, and lead. The highest combined historical (post-production) assays are 16.8 grams (0.54 ounces) per tonne gold, 6000 grams (192 ounces) per tonne silver, 10.9% zinc, and 1.2% lead.
According to BC Assessment Report 18603, the Coronation was reported to have past-production of as much as 13,000 grams (418 ounces) per tonne silver and 20% lead. A more recent sample of tetrahedrite-bearing ore from the portal assayed 2.1 grams per tonne gold and 6000 grams (192 ounces) per tonne silver, and a sample from the Coronation dump assayed 0.4 gram per tonne gold, 2414 grams (77.6 ounces) per tonne silver, 1.2% lead and 10.9% zinc. The same report documents samples from the Senator adit that assayed 6.1 grams per tonne gold and 1080 grams (34.7 ounces) per tonne silver over 0.3 metres on a quartz-pyrite vein, and 16.8 grams (0.54 ounces) per tonne gold and 549 grams (17.65 ounces) per tonne silver over 0.5 metres on a quartz-pyrite vein from the V&M mine adit.
The new claims include the past-producing Homestake mine (MINFILE 082FNW213), which was also previously known as the Hamilton. Significant gold and silver values are reportedly associated with mainly pyrite mineralization, accompanied by minor tetrahedrite, arsenopyrite, and native silver. The principal structure hosting the vein is a shear zone about 3 metres wide that cuts a coarse porphyritic phase of the Nelson granitic batholith. Past-production at the Homestake averaged 23.3 grams (0.75 ounces) per tonne gold, 2611 grams (83.95 ounces) per tonne silver, 1.33% lead and 1.52% zinc.
The Coronation Gold property is approximately 7 kilometres southwest of the Company's partial interest in the Willa mine, where a 2005 NI 43-101 report measured the resource as 3,989,494 tonnes grading 3.23 grams gold, 7.16 grams silver, and 0.53% copper based on a 1.5-gram gold per tonne cutoff. It is also 5 kilometres west of the Company's Silver Leaf property, and 13 kilometres southwest of the Company's North Star Silver property. Combined with other claims in the area, North Bay is now second to only Klondike Silver Corp. as one of the largest claim owners in the Slocan Mining Camp.
About North Bay Resources Inc.
North Bay Resources Inc. (Pinksheets:NBRI - News) is a junior mining company with over 140 mineral and placer claims encompassing approximately 50,000 acres throughout British Columbia, Canada. The Company's mission is to build a portfolio of viable mining prospects throughout the world and developing them through subsidiaries and JV partners to their full economic potential. North Bay's business plan is based on the Generative Business Model, which is designed to leverage its properties into near-term revenue streams even during the earliest stages of exploration and development. This provides shareholders with multiple opportunities to profit from discoveries while preserving capital and minimizing the risk involved in exploration and development.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although North Bay Resources Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by North Bay Resources Inc. or any other person that the objective and plans of North Bay Resources Inc. will be achieved.
Contact: Contact:Perry LeopoldCEONorth Bay Resources Inc.215-661-1100http://www.northbayresources.com Buzz up! 0
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