North Bay Resources Inc (NBRI)

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North Bay Resources Inc. (NBRI) Reports Visible Gold In Newly-Discovered South Terrace

Skippack, PA, July 29, 2014 (GLOBE NEWSWIRE) -- North Bay Resources Inc. (NBRI) ("North Bay" or the "Company") is pleased to issue the following progress report of the work ongoing at the Ruby Mine in Sierra County, California, where visible gold has been found and confirmed in the newly-discovered South Terrace.

As previously announced in a Company press release dated July 17, 2014, the recent underground drilling program at the Ruby Mine intersected buried river gravels in 3 vertical drill holes spaced approximately 150 feet apart, for a total expanse of at least 300 feet. The gravels are located approximately 60 feet above the adit level and 25 feet above the base of the White Channel, which is located about 100 feet away. The gravels are interpreted to be on a terrace or bench on the south rim of the White Channel. In the 1880's, a terrace on the north side of the White Channel, at the same elevation as the recently discovered terrace, was successfully mined for gold. The two terraces are interpreted to be of the same age, and have been designated the North and South Terraces, with the South Terrace being previously unknown and unmined. A raise to access the South Terrace is currently under construction.

Concurrent with the start of the raise construction, a successful attempt was made to reenter drill hole C-2, which penetrated the South Terrace at the lowest elevation and remains open. The goal was to collect a larger sample of the terrace gravels than was collected during drilling. Using a string of one-inch diameter PVC pipe fitted with a 90-degree nozzle at the top and a water fitting at the bottom, the pipe was fed into the drill hole length by length until the top of the basement rocks was reached. Water was then pumped through the pipe, washing sand and gravel back down the hole where 5 pounds of material was collected and recovered. The coarser material was found to include rounded quartz and chert cobbles to 2 inches in diameter, the largest material that could fit in the drill hole and pass by the PVC pipe. The recovered sand and gravel was then carefully panned, and several small pieces of visible gold were found. The gold was elongated and little rounded, indicating that it has not traveled far from its source. Arsenopyrite and small quartz crystals were also abundant in heavy fraction.

The clear evidence of visible gold in the 5-pound sample demonstrates that gold is indeed present in the South Terrace, similar to the records for the North Terrace. While bulk sampling will need to be done once the raise is completed before the South Terrace can be determined to contain an economically recoverable resource, this is encouraging news that provides additional justification to complete the new exploratory raise at C-2 into the South Terrace and allow these previously unknown and unmined gravels to be bulk sampled.

In other news, exploration work in the southern extent of the Black Channel began in early July, and approximately 2 ounces of specimen gold have been recovered from approximately 3 tons of loose material aggregated from various locations. Several of the larger nuggets have been appraised as jewelers grade and are expected to be sold for a substantial premium over spot prices. As well, exploration and bulk sampling in the White Channel has resumed, and approximately 2 additional ounces of gold has been recovered thus far.

We also report that the Big Bend Raise is presently undergoing additional engineering work that is deemed necessary to secure the accessway. Work in the northern extent of the Black Channel is on hold until this work is completed and the raise is fully operational.

At the end of July we expect to make our first shipment of gold to our refiner, Metalor USA. This will consist of 3.2 ounces of fine gold recovered from both the White Channel and the Black Channel, which will allow us to determine an initial baseline average purity of the fine gold produced from the Ruby. Another 3.08 ounces of specimen gold recovered thus far has been set aside to build inventory for sale at premium prices to local jewelers and collectors.

Mr. C. Gary Clifton, P.Geo., is the Company's independent consulting geologist for the Ruby Gold Project. Mr. Clifton is a Qualified Person as defined by National Instrument 43-101, and has reviewed this press release for technical accuracy
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