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Re: foxwoodsfan post# 76795

Thursday, 08/14/2014 7:03:07 PM

Thursday, August 14, 2014 7:03:07 PM

Post# of 112459
Cmon its only been 2 weeks since they put out an amazingly positive pr and touched on every part of the operation but now peeps say theyve gone silent? Maybe they should break up their prs into one paragraph at a time so they can put out a new pr everyday to satisfy those who want news everyday. lol!

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.



http://globenewswire.com/news-release/2014/07/29/654122/10091589/en/North-Bay-Resources-Inc-NBRI-Reports-Visible-Gold-In-Newly-Discovered-South-Terrace.html

They couldve put out 6 prs from the info in this one pr and added endless fluff. These guys dont do that. Just the facts maam just the facts. lol!