Gold Mining Stocks (XAU)

[Spanky227]

How many catalyst in the next 3-6 weeks???

RGI free share countdown is up next. News of when you have to own NBRI shares to get the free RGI shares should hit very soon.

Mr. Watters took control of the Ruby mine early this month and the 3 things he focused us on for quick returns and long lasting mining operations are as reported 2+ weeks ago:

1) The work to complete the Big Bend Raise into the Black Channel will be accelerated to complete this task within the next 6-8 weeks if not sooner.

2) A drilling program to test the accessible targets recently identified as possible new channels will be mobilized immediately.

3) Additional steel pipe will be installed next week to increase our compressed air capacity and provide for more efficient work performance in multiple headings simultaneously.

The black channel richness has been well reported so let's look at the drilling program a little:

Gary Clifton our Ruby geologist with 30+ years experience explains why we are drilling here @ the 2 hour 2 min mark:

Gary goes on to discuss the terraces which Best mined on the far side of the black channel but not the near side over the next 20-25 minutes of the presentation.

The terraces Best mined on the far side were so rich with nuggets they called it coconut grove. You can see the near side marked on the drilling target map here:

http://www.northbayresources.com/ruby/

The green zones are terraces that have not been mined yet and lay above some of the mega rich channels mined in the past.

The yellow targets are full channels that have not been mined at all.

The Ruby area has produced over 390,000 ounces of gold so far. IMO there is a good chance we will mine that much or more gold over the next few decades.

Oh yeah Fraser could be ready to mine in 60-90 days!