North Bay Resources Inc (NBRI)

[mick]

#51/\08-26-2019/ Technical Assessment Report on the Mount Washington Property
http://www.northbayresources.com/2019_MW_43101.pdf

Vancouver Island, British Columbia
NTS 092F/14
BCGS 092F074 & 092F075
Latitude 490 45’ 23” Longitude 1250 15’ 22”
UTM NAD83 Zone 10N 337500E 5514000N
For
North Bay Resources Inc.
PO Box 162
Skippack, PA, USA 19474
By
Jacques Houle P.Eng.
6552 Peregrine Road
Nanaimo, B.C. V9V 1P8
August 26, 2019
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unspecified width. Rock sample AF05320 taken in 1987 from a mineralized tectonic
breccia measuring 15 m. by 30 m. and containing 5-20% chalcopyrite yielded 3.0 g/t gold
and 18 g/t silver.
• The Faith Lake (MINFILE 092F240) prospect is located 6 km. southwest of the Mount
Washington Property, and was also explored extensively by Falconbridge Ltd. in the
1960’s-1980’s. At least 30 quartz-sulphide veins occurring in steeply-dipping, north and
east-trending shears and faults and associated with Eocene quartz diorite intrusive
stocks and dikes were discovered and explored. Drilling in 1963 yielded an intercept of
0.15 m. @ 25 g/t gold, 120 g/t silver and 3% copper.
• The Schev (MINFILE 092F241) prospect is located 5.5 km. southwest of the Mount
Washington Property, and was explored by Falconbridge Ltd. as part of the Faith Lake
property in the 1960’s-1980’s. A sericitic tectonic breccia containing arsenopyrite,
chalcopyrite and pyrrhotite is exposed over an area of 20 m. by 3 m., associated with an
Eocene felsic dike. Drilling in 1964 yielded an intercept of 1.5 m. @ 27 g/t gold and 43
g/t silver from a breccia zone with an interpreted orientation of 0800 strike and 450 dip
south.
• The Jo Anne (MINFILE 092F329) prospect is located 2.5 km. southwest of the Mount
Washington Property, was explored by Iron River Resources Ltd., B.P.-Selco, and
Noranda from 1984 to 1988. Drilling by Noranda in 1988 yielded multiple wide copper
intercepts over an area 200 m. in diameter from quartz-sericite altered breccia
associated with Eocene intrusives. This included hole NFP-88-5 which yielded 21.6 m. @
0.43% copper from 48.4 to 70 m., and 12.4 m. @ 0.42% copper from 100.1 to 112.5 m.,
and two other holes, NFP-88-2 and NFP-88-3 which yielded wider zones of generally
lower grade copper values.
The mineral occurrences on the Mount Washington Property and those of the Forbidden
Plateau area establish a NE-SW trending belt of Eocene age intrusives with associated goldsilver-copper-arsenic bearing breccia bodies, shown if Figures 1a – 1b, and 2a – 2b. This trend
may be projected to the southwest across Strathcona Provincial Park to the west coast of
Vancouver Island, where Selkirk Metals Corp. holds the Catface Copper property, located 75
km. southwest of the Mount Washington Property. The Cliff Zone of the Catface Copper
property contains an indicated mineral resource estimate of 56,863,000 tonnes @ 0.40%
copper and inferred mineral resource estimate of 262,448,000 tonnes @ 0.38% copper (Selkirk
Metals Corp., 2009). The Catface (MINFILE 092F120) and adjacent Irishman Creek (MINFILE

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092F251) developed prospects are classified as porphyry copper-molybdenum-gold-rhenium
deposits and are associated with multi-phase, Eocene intrusive stocks and dikes.
Near the centre of Strathcona Provincial Park along the southwest projection of the same trend
lies Nyrstar’s Myra Falls Operation, which until recently has been successfully producing and
processing polymetallic sulphide deposits containing copper, zinc, lead, silver and gold since
1966. Myra Falls is located 30 km. southwest of the Mount Washington Property, and is hosted
in the older Devonian age Mount Sicker Volcanics which underlie portions of Vancouver Island.
Along the northeast projection of the same trend across Georgia Strait, 50 km. northeast of the
Mount Washington Property, Eastfield Resources Ltd. and Prophecy Coal Corp. hold the OK
Copper property. The North Lake Zone of the OK North developed prospect (MINFILE 092K008)
contains an inferred mineral resource estimate of 86,800,000 tonnes @ 0.31% copper and
0.014% molybdenum (Prophecy Coal Corp., 2006). The OK North and adjacent OK South
MINFILE 092F057 developed prospects are classified as copper-molybdenum-gold-rhenium
deposits and are associated with multi-phase Cretaceous and possibly younger intrusive stocks,
dikes and breccia bodies.
Other Relevant Data and Information
Technically, the Mount Washington Property and adjacent properties represent an attractive
advanced exploration project, with many clustered polymetallic mineral occurrences in a
geological setting similar to active and successful mining camps elsewhere. However, the social
license to develop and operate a mine is not guaranteed to the mineral title holder anywhere,
including on Vancouver Island. The last operating metal mine (Myra Falls Operation) on
Vancouver Island recently suspended operations and is for sale by the owner, no new metal
mine has been permitted since the 1960’s, and several active exploration properties were
expropriated during expansion of local provincial parks in the early 1990’s, as was done with
the former Falconbridge Ltd. properties, Gem Lake and Faith Lake, and the former Jo Anne
property operated by Noranda Exploration Company Ltd. when Strathcona Provincial Park was
expanded. It is possible that local surface title holders, recreation/conservation groups and/or
communities will actively and successfully oppose future mine development in the Mt.
Washington area. The 6 stage treaty process between 14 different negotiating groups of First
Nations and federal and provincial governments is still in progress on Vancouver Island with
one final agreement completed to Stage 6 (Maa-nulth), another final agreement in negotiation

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