North Bay Resources Inc (NBRI)

[mick]

#53/\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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Using today’s and projected future estimates of metal prices for gold, silver, copper,
molybdenum and tellurium, reasonable exploration target models should be established for the
Mount Washington Property. An investigation should be made of current mining and
processing techniques and costs at operations exploiting similar deposits worldwide, including
both open pit and underground operations. In the author’s opinion, the following combined
exploration target models could be used as a starting point:
• Underground, flat-dipping, discontinuous but clustered narrow vein deposits totaling 1
million tonnes @ 10 g/t gold, 100 g/t silver, 0.50% copper, 10 g/t tellurium and 5%
arsenic, requiring complex processing for optimal recovery of gold, silver, copper and
tellurium while suppressing arsenic
• Underground, steeply-dipping, bulk mineable, clustered, breccia deposits totaling 100
million tonnes @ 1 g/t gold, 5 g/t silver, 0.50% copper, 0.01% molybdenum, 5 g/t
tellurium and 0.5% arsenic, with similar processing requirements as above plus
molybdenum recovery
The extensive data record available for the Mount Washington Property needs to be assembled
into a single G.I.S.-based, 3-D model, and all rock units used by different operators need to be
integrated into single, coherent geological legend. Because of the size and variable integrity of
the data record, this process will take considerable time, effort and cost. At the end of the
process, both property wide and detailed plan and sections views should be available for any
selected portions of the property showing any and all combinations of historic geology,
geochemistry, geophysics (by type), trenching, drilling, and excavations. Using this georeferenced database, well-conceived exploration programs should be initiated.
A phased, systematic exploration program is warranted on the property to achieve the
following primary exploration objectives, in the author’s opinion:
• Discover new economic mineral deposits of any type on the property through
systematic, phased exploration probably commencing with airborne geophysics
• Continue systematic and targeted GPS-grid controlled geological mapping and
geochemistry field programs in the Murex Breccia, Oyster Breccia and Wolf Lake area
• Establish new, bulk-mineable indicated resources of sufficient grades to be mined by
underground methods in one or more of the breccia zones by diamond drilling

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Establish measured resources in the Lakeview-Domineer Zone by re-opening the portal,
re-mapping the adit, definition drilling and detailed interpretation
Also, the author recommends the following environmental and socio-economic programs be
initiated to complement the exploration and environmental objectives:
• Establish baseline environmental database using historic and modern data
• Identify, negotiate and establish contract, employment and other co-operation
agreements with local First Nations bands
• Negotiate and establish access road use and other co-operation agreements with local
surface rights holders TimberWest and the Mount Washington Alpine Resort
• Negotiate and establish work progress update protocols with local recreation and
conservation groups and communities
The following Phase 1 Year 1 combined compilation, planning, exploration, environmental and
socio-economic programs and budgets are proposed for the Mount Washington property:
Table 4 – Proposed Work Program and Budget Summary
Item Description Units/Timing Unit Cost Item Cost
Re-evaluation Mining Geol./Eng. 1 month $10,000 / month $ 10,000
GIS Compilation 2 GIS Technicians 3 months $15,000 / month $ 45,000
Geological Legend Project Geologist 1 month $10,000 / month $ 10,000
Plan Exploration Project Geologist 2 months $10,000 / month $ 20,000
Subtotal Compilation & Planning Months 1-3 $ 85,000
Preliminary Work Geological mapping, geochemistry 1.5 months $20,000 / month $ 30,000
New Discoveries 1000 km. Airborne Geophysics 1 month $150 / km $ 150,000
Explore Breccias 2000 m. Drilling 2 months $200 / metre $ 400,000
Lakeview-Domineer Underground Work 2 months $100,000 /month $ 200,000
Subtotal Exploration Months 4-5 $ 780,000
Environmental Baseline Program 8 months $2,500 / month $ 20,000
Road Use, Surface Agreements 3 months $5,000 / month $ 15,000
First Nations Agreements & Meetings 10 months $5,000 / month $ 50,000
Local Communities Meetings 10 months $5,000 / month $ 50,000
Subtotal Environmental & Socio-Economic Months 4-11 $ 135,000
TOTALS 12 Months $ 1,000,000

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