North Bay Resources Announces Mt. Vernon Gold Mine Startup, Sierra County, California

BISHOP, Calif., Aug. 05, 2024 (GLOBE NEWSWIRE) — North Bay Resources Inc. (the “Company” or “North Bay”) (OTC: NBRI) is pleased to announce it has completed underground exploration and has initiated preparations for the commencement of production at its Mt. Vernon Gold Mine located in Sierra County, California. The exploration included extensive vertical and horizontal channel sampling of the 150 feet of developed mining faces both along and perpendicular to the bedrock contact (see Picture 1).   Sampling, by qualified geologists and mining engineers, took place above the previously sampled (2023) high grade bedrock contact, where assays greater than 1 ounce per ton, and up to 4.8 ounces per ton, were continuously reported over 150 feet (see Press Release dated July 18, 2024). 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 is the same channel previously mined at the contiguous Ruby Mine which is known to be the richest mine in North America. The purpose of the exploration was to begin delineation of mining blocks, grade control, and to provide information for future tunnel infrastructure and blast pattern design. The initial mine plan has been conceived whereby the high-grade ore at the bedrock contact will be extracted in what is known as panel mining. Panel mining allows for extraction of mining blocks with significant length and width, but limited vertical extent, resulting in only high-grade material being shipped for milling. 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.

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