North Bay Discovers Valuable Metals at Mt. Vernon

October 04, 2024 09:53 AM PDT | By Team Kalkine Media

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North Bay Discovers Valuable Metals at Mt. Vernon — Image source: Shutterstock

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Highlights

North Bay Resources has announced high-grade assay results from underground sampling at its Mt. Vernon Gold Mine, including significant amounts of gold, platinum, palladium, and rhodium.

The assay results confirm previous findings, indicating substantial potential for platinum group metals alongside gold, supporting the company’s plans for bulk tonnage mining.

With a large estimated ore body and the capacity to process metals efficiently, North Bay Resources is preparing for significant extraction operations at the site.

North Bay Resources Inc. has announced promising assay results from its ongoing underground sampling program at the Mt. Vernon Gold Mine in Sierra County, California within Gold Sector. This project, which focuses on the extraction of both precious and platinum group metals, has revealed valuable findings, adding to the company's optimism about the site's potential.

High-Value Assays Indicate Strong Mineralization

The recent underground sampling at the Mt. Vernon Gold Mine confirmed high grades of gold, platinum, palladium, and rhodium, with up to 5 ounces per ton of gold, 1.5 ounces per ton of platinum, and smaller but notable quantities of palladium and rhodium. These results were validated by Enviro-Chem Analytical Laboratory and align with prior assessments, confirming the site’s capacity for multi-metal extraction.

This sampling was conducted over a 230-foot stretch, providing a comprehensive picture of the mine's potential as North Bay Resources (OTC: NBRI) prepares for bulk tonnage mining operations. The company has outlined plans to extract 497 tons of ore, which will be processed at its Bishop Gold Mill to separate and concentrate the valuable metals.

Bulk Tonnage Mining and Processing Capabilities

The Mt. Vernon Gold Mine remains largely undeveloped, yet the consistent high-grade results from earlier and recent sampling suggest the site’s viability for large-scale extraction. The company aims to begin mining from four tunnels, focusing on the site's 200-foot-wide gold-bearing zone, which has returned consistent assay grades exceeding 1 ounce of gold per ton.

North Bay Resources’ Bishop Gold Mill has been proven efficient in processing gold and platinum group metals, enabling the company to streamline its extraction process and potentially increase its output from the Mt. Vernon site.

Significant Mining Potential Ahead

With an estimated ore body of approximately 954,000 tons, the Mt. Vernon Gold Mine represents a significant opportunity for North Bay Resources. The high-grade assay results have strengthened the company’s resolve to move forward with extensive mining operations, with both gold and platinum group metals contributing to the site’s overall value.

As North Bay Resources continues to evaluate and develop this promising site, its ability to efficiently extract and process high-value metals will be key to its success in the competitive Gold sector.

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