Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
When I was by the mill 3 weeks ago I was really impressed with the tailings pond and with what I could see at a short distance it looked almost new, with the extremely thick plastic liner looking like it was just rolled out and the surrounding walls looking very solid and well packed, one of the best I have ever seen and heck In my own opinion it would be an inspectors dream to inspect!!!
Love to find one CEO on the OTC that has done just a fraction of work that Jared has done for NBRI in just a little over 8 months. Prior to Jared this company was barely on life support and now it is blazing an incredible path in the gold industry and in my opinion we haven’t seen anything compared to what will happen in the next 6 months!!!
Engineering
NewFields, as lead environmental engineers, have filed a revised and updated closure cost analysis (2024 dollars) and tailings pond liner inspection report with regulators. A determination will be made by regulators as to whether to increase the closure bond. The Company currently has a closure bond in place of $250,000. Woods Process Services, in addition to assisting with mill start-up, is now developing mass balances and detailed ore flow and extraction models along with designing the implementation of grade and recovery monitoring systems. Further analyses to determine areas of potential efficiency, recovery, and cost reduction is underway. In particular, the addition of specialized gravity gold concentration equipment such as Knelson concentrators are being considered.
What metallurgical studies is North Bay Resources (NBRI) conducting for the Mt. Vernon Gold Mine?
North Bay Resources (NBRI) has commissioned Kappes, Cassiday & Associates to conduct metallurgical studies on Mt. Vernon Gold Mine ore for detailed ore characterization and to understand the unique high-grade ore in anticipation of production.
They've updated a few plans and supposedly received "all necessary approvals"? There is more to full MSHA approval than updating a couple of plans. Still shows as "abandoned" on the MSHA website.
The Bishop Mill is even more in question.....Federal, State and County regulations to comply with. They're dealing with a waste stream involving heavy metals and various chemicals - do you think these agencies are going to rubber stamp their approval?
Oh, and there's that MSHA "abandoned" label for the mill as well.
Jared wouldn't be lying, would he?
Lolol.....nobody is questioning the lab. BTW, the lab that Bre-X used was highly qualified as well.
You accept, without question, that NBRI is in possession of the world's richest rhodium deposit?
Why won't NBRI's P.Geo sign off on that PR? Hmmm? Very telling.
"Assays were completed at Enviro-Chem Analytical Laboratory using a 3-acid digestion and atomic absorption spectrometry for individual metals."
Enviro-Chem Laboratories, Inc.
(Enviro-Chem), is a CAL-DHS certified laboratory located in Pomona, California. Our Management Staff have several individuals with over 20 years experience in the field. All Chemist are degreed with Bachelors, Masters or Ph.D. and we have earned a reputation for ourselves by being able to complete projects within a time schedule set by our clients and performing the analyticals with a rigorous QA/QC review to back up our data.
With the security provided by our QA/QC program we can guarantee our client the best standard of the highest technical quality. We serve a wide variety of private, industrial, and government clients and perform projects ranging in size from small, single-facility services, to large, multidisciplinary assessment and remediation programs involving multiple sites and facilities with extensive and varied contamination problems. Our regular analytical turnaround times range from four to five business days without surcharge and free sample pickup sample services can be provided if necessary.
Enviro-Chem, Inc. appreciates every one of our clients and will show that appreciation by providing the best services for them. If you are ever in the Pomona area, please feel free to come in for a tour of our laboratory. We enjoy meeting with our clients and providing an opportunity to meet all your analytical needs.
News Press Releases
North Bay Resources Announces Assays up to 5 oz/ton Gold, 1.5 oz/ton Platinum, 0.5 oz/ton Palladium, and 0.5 oz/ton Rhodium at Mt. Vernon Gold Mine, Sierra County, California
NBRI | October 4, 2024
BISHOP, Calif., Oct. 04, 2024 (GLOBE NEWSWIRE) -- North Bay Resources Inc. (the “Company” or “North Bay”) (OTC: NBRI) is pleased to announce assays up to 5 ounces per ton gold, 0.7 ounces per ton silver, 1.5 ounces per ton platinum, 0.5 ounces per ton palladium, and 0.5 ounces per ton rhodium from recent underground sampling across 230 feet at its Mt. Vernon Gold Mine (see Figure 1). Samples were taken between the 290 foot marker and the 520 foot marker on either side of the existing tunnel in the known gold zone. The sampling was completed in advance of bulk tonnage mining expected to commence shorty (see Press Release Dated September 11, 2024). The assays support and are comparable to previous sampling (2023) and provide further confidence in the grade of the immediately available material at Mt. Vernon with the addition of significant platinum group metals including platinum, palladium, and rhodium.
"Assays were completed at Enviro-Chem Analytical Laboratory using a 3-acid digestion and atomic absorption spectrometry for individual metals."
https://stockhouse.com/news/press-releases/2024/10/04/north-bay-resources-announces-assays-up-to-5-oz-ton-gold-1-5-oz-ton-platinum-0-5
Recap: North Bay Resources Announces Federal (MSHA) Approval of Mt. Vernon Gold Mine Operational Plan and Commencement of Production, Sierra County, California
NBRI | October 21, 2024
BISHOP, Calif., Oct. 21, 2024 (GLOBE NEWSWIRE) -- North Bay Resources Inc. (the “Company” or “North Bay”) (OTC: NBRI) is pleased to announce the United States Department of Labor, Mining Safety and Health Administration (“MSHA”) for the Western District has issued all necessary approvals for the commencement of full-scale production at the Company’s Mt. Vernon Gold Mine located in Sierra County, California. The Company has received specific notices as follows:
The application for Alternative Mine Rescue Capability for small and remote mines dated 10/11/2024 has been reviewed for compliance with the provisions of CFR 49.3 is approved;
The Ventilation Plan dated 10/11/2024 has been received and reviewed for compliance with 30 CFR §57.8520---Ventilation Plan: no deficiencies noted;
The Escape and Evacuation Plan for the Mt. Vernon Mine, Mine I.D. # 04-04088 dated 10/11/2024 as required by 30 CFR §57.11053 has been reviewed and is approved.
https://stockhouse.com/news/press-releases/2024/10/21/north-bay-resources-announces-federal-msha-approval-of-mt-vernon-gold-mine
What % of that would remain in NBRI?
Partial ownership, refiners won’t pay MRNI the gull market price
Your numbers are off
The Mt. Vernon Gold Mine, largely undeveloped, features a 200-foot-wide gold-bearing zone with the potential for high-grade extraction, as evidenced by earlier sampling that consistently returned grades above 1 ounce per ton.
With a total estimated ore body of 954,000 tons, North Bay Resources is poised for significant mining operations at this promising site. Mount Vernon.
So again assuming only 1 ounce per ton….1 ounce of Gold per ton ($2650 Spot Gold) times 954,000 tons (estimated ore body) equals $2,528,100,000.00.....(that's $2.528 Billion)
https://www.otcmarkets.com/stock/NBRI/news/North-Bay-Resources-Acquires-Mt-Vernon-Gold-Mine-Sierra-County-California-with-Assays-up-to-48-oz-Au-per-Ton?id=447218
Now, saying there's only 1 ounce per ton/ore. A ton is 2,000 pounds. They're shipping 120 tons of ore.
To be conservative let’s look at only 1 ounce Gold per ton, 120 tons times 1 ounce per ton is 120 ounces possibly more.
120 ounces times $2,650 an ounce is $318,000 which definitely isn't bad at all for a single truckload.
Any thoughts?
$1.9 Billion for Mount Vernon..." Is that realistic, I wonder..
No, that's just idiotic. A near-penniless company somehow ended up with a gold mine with nearly $2 billion worth of gold (not counting the silver and PGMs)? And there is a reason the SEC does not permit mining companies to issue dollar valuations of in-ground metals.....because it is incredibly misleading. Without a feasibility study and complete exploration, no reserves can be calculated, and even with reserves, you cannot state the value of in-ground metals.
Found this in an older post...."If you calculate the stated size of the ore body and the expected gold recovery it would come to about minimum of $1.9 Billion for Mount Vernon..." Is that realistic, I wonder....with the current price of Gold ?
I've been trading stocks for over 24 years and Precious Metals have been the hot sector a few times in that timeframe but to have this much positive news in such a short time is unheard of.....and as most of us know....the next 2 or 3 news releases are going to be very very very interesting...to say the least. Anyone who studies Fundamentals , knows that this could get really interesting....really soon......and we're coming up to a prime buying market..lotsa buying before year end
$NBRI
What we're looking like right now, access road for winter shipments from the FRAN mine are complete and open. Ore shipped from FRAN will be processed through our mill in Bishop and the concentrates will be processed at the refinery in Reno.
Currently in talks about a potential partnership with RGI which is huge news
Waiting on updates from the MT.VERNON mine which is right outside of our mill in Bishop which will make processing and refining super fast.
This is just the tip of the iceberg folks everything is aligning perfectly and this is ready to explode!!!! We've got gold and LOTS of it, we also have platinum, Palladium, silver, copper and Rhodium. The sky is literally the limit with this. Patience is the key here. $NBRI LONG AND STRONG!!!!!
This is the fourth or maybe fifth time you've posted the PR headlines, yet you won't address the ridiculous rhodium/PGM thing, and why the last company quarterly never mentioned them. Tough to explain that, eh?
And there's the mine and mill that MSHA say are abandoned, yet the company says they're fully permitted and ready for full production. Another issue you won't touch.
Inconvenient issues.
You would think with all those "milestones" this pos would be trading on the big boards. But sadly it's all smoke and mirrors and fluff.
By way of recap, over 12,000 stocks trade on over-the-counter (OTC) exchanges and many are a prime target for risk-tolerant investors. The penny stocks that trade OTC can be highly volatile, and it’s not uncommon for them to see double-digit gains in a single day.
And some of the amazing benchmarks that NBRI has made so far is so amazing .
North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz/ton Silver, Sierra County, California
GlobeNewswire August 22, 2024
North Bay Resources Announces Gold Assays up to 2.2 Ounces per Ton, Fran Gold Project, British Columbia GlobeNewswire August 26, 2024
North Bay Resources Commences Gold Shipments, Fran Gold Project, British Columbia; Enters Taber Gold Mine JV, Sierra County, CaliforniaGlobeNewswire September 9, 2024
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California GlobeNewswire September 11, 2024
CMC Announces that North Bay Resources has significantly advanced its planned operations at Bishop Gold Mill, Inyo County, California GlobeNewswire September 26, 2024
North Bay Resources Announces Assays up to 5 oz/ton Gold, 1.5 oz/ton Platinum, 0.5 oz/ton Palladium, and 0.5 oz/ton Rhodium at Mt. Vernon Gold Mine, Sierra County, California GlobeNewswire October 4, 2024
North Bay Resources Announces Federal (MSHA) Approval of Mt. Vernon Gold Mine Operational Plan and Commencement of Production, Sierra County, California GlobeNewswire October 21, 2024
North Bay Resources Announces Assays up to 9.5% Copper at Murex Copper Project, British Columbia GlobeNewswire November 4, 2024
North Bay Resources Announces Production of Gold Concentrate and Refinery Shipment at Bishop Gold Mill, California GlobeNewswire November 18, 2024
North Bay Resources Commences Fran Gold Winter Ore Shipment to Bishop Gold Mill, California GlobeNewswire Dec. 02, 2024
NBRI doin' it right,,,,,You have to admit....this is kinda fun being part of this
I'd be happy if the SEC and various state AG's offices would just do their job. Making fraudulent claims like finding the worlds richest rhodium deposit can be so easily challenged, proven false, and the company should be permanently shut down as a result. Require these non-reporting garbage stocks have professionals with registrations stand behind bogus claims like that.
I think it's high time for this mining fraud to be eradicated from the face of the earth.
I think you're right. The social media promotion IS the whole company.
I'm sure Jared is getting the message loud and clear. OTC management lives and dies by what is being said on social media.
He might even be posting here, it would not be the first time that an OTC CEO posted using an alias (undisclosed of course).
You think my posts are random? I have consistently pointed out things that are contradictory (like the company saying or implying that the Mt. Vernon Mine and the Bishop Mill are fully permitted, when they still show as "abandoned" on the MSHA site), or extremely unlikely (like the PGMs, and particularly the rhodium reported at levels never seen anywhere on earth). Odd, that rhodium.....not mentioned at all in the last quarterly. You'd think they'd be proclaiming a discovery like that to the world, but nope, no mention at all. Weird as hell.
When you communicate with Jared, tell him he’s committing fraud like you keep telling us. I know that’s a little tougher than just randomly posting things from your computer, but heck give it a shot what do you have to lose right. LOL!!!
I think Jared is right here on this forum! 😉
You're better off with bags of sand then.
This crew absolutely LOVES mining scams. Just look how many they have pump and dumped in the past.
Coincidence?
Methinks not.
Poor Rich is no promoter. He's a mark. Maybe someday he'll realize how much of his "chance money" ends up with the promoters and management of all the mining scams he invests in.
On the other hand, probably not.
Special agenda? I don't consider a dislike for fraud to be a "special agenda" but if that's what you want to label it, fine.
You okay with fraud?
Jared Lazerson is a wallet miner dude.
Deal with it.
Promoters don't care man.