North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton

BISHOP, Calif., July 18, 2024 (GLOBE NEWSWIRE) — North Bay Resources Inc. (the “Company” or “North Bay”) (OTC: NBRI) is pleased to announce it has entered into an agreement (the “Agreement”) with a private arms-length Company to acquire a 100% interest in the Mt. Vernon Mine located in Sierra County, California. The Mt. Vernon Mine is a largely undeveloped deposit, proximate to some of the richest past producing gold mines in North America. Mt. Vernon is a permitted underground mine with modern portal, tunnel, ventilation. power, and equipment (see Picture 1). The Company plans to commence test mining immediately and initial production of 100 tons per day shortly, pending minor infrastructure and permitting updates. The ore will be shipped to the Company’s Bishop, California Gold Mill for processing. The Company is targeting initial net mine production of 3 truckloads per day utilizing 30 ton triaxle dump trucks for delivery of feedstock to the Bishop Gold Mill with an average target grade of one ounce gold per ton. Production targets are based on prior exploration and currently developed underground access to the gold bearing ore body. The ore body is estimated at 954,000 tons based on the known channel (see Figure 1 – B. Hanford 2023.

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