North Bay Resources Inc (NBRI)

[orefinder]

Did you know that NBRI discovered a virgin gold bearing channel which is located only 60 feet away? Easy to get gold would be the first target once the mine reopens.

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.

http://www.marketwired.com/press-release/north-bay-resources-inc-nbri-reports-visible-gold-in-newly-discovered-south-terrace-otcqb-nbri-1933540.htm