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North Bay Resources Inc. (NBRI): Processing of White Channel Bulk Sample Concentrate Increases Overall Gold Yield 100%
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North Bay Resources, Inc. (QB) (USOTC:NBRI)
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Today : Tuesday 24 June 2014
Click Here for more North Bay Resources, Inc. (QB) Charts.North Bay Resources Inc. (NBRI): Processing of White Channel Bulk Sample Concentrate Increases Overall Gold Yield 100%
SKIPPACK, PA--(Marketwired - Jun 24, 2014) - North Bay Resources Inc. (OTCQB: NBRI) ("North Bay" or the "Company") reports that a portion of the concentrates from the 2nd White Channel bulk sample run last month at the Ruby Mine in Sierra County, California, has been processed, and an additional 25 grams of fine gold has been recovered. This brings the total yield from the recent 60 ton bulk sample to 1.6 ounces gold to date, for a 100% increase over the previous reported yield.
Additional concentrates remaining from the bulk sample run will be processed shortly, which again may increase the total yield from the bulk sample before the assessment is finalized. We are encouraged that the virtual doubling of the yield thus far brings the White Channel much closer to potentially being an economical resource at current metal prices. Accordingly, management has determined that further evaluation of the White Channel should be undertaken after our current drilling project is completed and the portion of our crew that is not working at the Big Bend raise can be redeployed from their current drill station support duties to other tasks. In the interim, a portable test plant has been brought on-site to further test the material from both the White Channel and the Black Channel in smaller measured amounts that can be closely monitored throughout the recovery process.
We note that these White Channel bulk sample concentrates have been in storage since early May awaiting the use of a new Ultra High Frequency (UHF) Concentrator table that we believe will allow the processing of our concentrates more quickly and efficiently to obtain maximum yields. Rather than continue to wait for its availability, we have now processed a portion of the White Channel bulk sample concentrates by hand. Manual processing is a very time-consuming and labor-intensive task, albeit also very efficient. We hope to have the UHF table available for use by the time the next bulk sample is ready to be processed. In the meantime, the remaining concentrates from the 2nd White Channel bulk sample will continue to be processed manually to obtain a final assessment of the total yield.
In other news, the drilling program that recommenced on June 9, 2014, is still ongoing. We also note that the mining crew was increased last month and began working 7 days per week in 2 split shifts. The drilling has been conducted nightly during an additional night shift, and as a result we have been working 24/7 while the drilling remains in progress. Thus far we have drilled 10 holes at various key locations above the Ruby Adit for a total of 1,074 feet. We expect to drill at least 600 to 1,000 more feet before the drilling program is concluded.
We also report that the Big Bend raise is currently being timbered to reinforce the ground support and secure the accessway. A bulkhead has been installed, and the raise is being compartmentalized to provide an ore chute to the Ruby tunnel haulageway. As our geological team is presently working the night shift to monitor the drilling project fulltime, we expect the Big Bend raise timbering to be completed around the same time the drilling program is winding up later this month, at which point our geological team will turn their attention to the evaluation of the Black Channel. In the event we also make the decision to resume mining in the White Channel, we are now in position to potentially have at least two mining headings in operation simultaneously this summer