North Bay Resources Inc (NBRI)

[Spanky227]

State of the company:

Most recent research report:
http://www.northbayresources.com/BeaconRockResearchReport-Update-7-8-13.pdf

Ruby mine:

Update from 10-3
http://www.marketwired.com/press-release/north-bay-resources-inc-nbri-ruby-gold-update-otcqb-nbri-1837734.htm

Important items:
1) Mining imminent waiting for permit to purchase and use explosives. Already 100% fully approved just waiting on the paperwork. This is the last step to begin mining.

2) All infrastructure has been updated and winterized. Wash plant tested and ready for gravel. New equipment has been purchased to move gravel on surface and keep the mine open all year 365 days. Including snow removal equipment to keep the road open during winter.

3) Tunnel rehab to 2nd exit has been fully assessed and we are currently finishing the tunnel rehab to the exit at the Lowry portal. This will give us a second exit and access to 3 other gold formations.

4) Construction of a raise to reach the Black Channel, which has best gold bearing formation in the Ruby mine history, scheduled to start soon. IMO once we finish sampling the white channel we will move into the Black channel where the most gold and largest nuggets have been found.


Fraser mine:

Most recent update. http://www.marketwatch.com/story/north-bay-resources-inc-nbri-issues-fraser-river-jv-project-update-2013-09-19

Important items:

1) Fraser will be mined by our partner SOLID and we receive a 20% royalty of all gold mined. We get our 20% before any bills are paid our only requirement is keeping the mine permitted.

2) Fraser has been fully approved but we were asked to complete an AOA which is described in the update. The final clearance is expected any day.

3) First test has been approved to test 35,000 tons in the best area tested last year. Last years tests were so good we delayed mining by 1 year so we could increase the claim by 65%. There are an estimated 7.7 Million tons of mineable material total at this claim. More info here:

http://www.marketwired.com/press-release/north-bay-issues-fraser-river-project-update-announces-project-expansion-otcbb-nbri-1732230.htm

Which property will be mined next?
We have 22 other properties located in BC Canada:


1) Mount Washington: Vancouver Island, BC (Gold, Silver, Copper)
2) Brett West/Bouleau Creek Gold: Vernon, BC (Gold, Silver)
3) Willa: Silverton, BC (Gold, Silver, Copper)
4) Monte Cristo: Lillooet River Valley, BC (Platinum, Palladium, Gold, Silver)
5) Tulameen Platinum Project: Tulameen, BC (Platinum, Palladium, Rhodium, Gold, Silver)
6) Tor: Tulameen, BC (Platinum, Palladium, Rhodium, Gold, Silver)
7) Gold Hill Project: Salmo, BC (Gold, Silver, Molybdenum, Tungsten)
8) Rachel: Salmo, BC (Gold, Silver)
9) Argo Gold: Tatlayako Lake, BC (Gold, Silver)
10) Coronation Gold: Slocan, BC (Gold, Silver, Lead, Zinc)
11) Pinnacle Gold: Pilldolla Creek, BC (Gold, Silver, Copper)
12) Loughborough Gold: Loughborough Inlet, BC (Gold, Silver)
13) Granite Creek Platinum: Tulameen, BC (Platinum, Palladium, Iridium, Rhodium )
14) Lynx Gold: Vernon, BC (Gold, Silver)
15) Cherry Gold: Vernon, BC (Gold, Silver)
16) Lancers Mountain Gold: Lancers Mtn, BC (Gold, Silver, Lead, Zinc, Molybdenum)
17) New Eskay Creek: Stewart, BC (Gold, Silver)
18) Truax Gold: Bralorne, BC (Gold, Silver)
19) Pine River Vanadium: Pine River, BC (Vanadium)
20) Zippa Mountain Wollastonite: Iskut River, BC (Wollastonite)
21) Zeballos Gold: Zeballos, BC (Gold, Silver)
22) Crescent REE: Crescent Valley, BC (Niobium, Tantalum, REE)

Conversions: aka JMJ

$123,000.00 left till March 2014.
At our current PPS (basically our 52 week low) this results in a little less than 4.4M additional shares.

Current shares structure:

Authorized Shares: 250,000,000
Shares Outstanding: 118,283,021 as of October 11, 2013
Float: 91,831,061 as of October 11, 2013