Followers | 252 |
Posts | 42506 |
Boards Moderated | 1 |
Alias Born | 12/10/2007 |
Thursday, June 25, 2009 9:18:03 PM
The Fraser River Platinum property, located 3 km northwest of Lytton BC in an area known as the Van Winkle Bar, consists of 4 claim units covering 248 hectares (612 acres) along the Van Winkle Bar, and traversing 4.5 km along the Fraser River. Platinum and iridium are known to occur in the black sands of Van Winkle Bar. The source rocks are believed to be Carboniferous-Jurassic Cache Creek Complex volcanic and sedimentary rocks to the north, where the company has also staked claims. According to BC Open File 1986-7, the sands of the Van Winkle Bar have assayed up to 5681.1 grams (182.67 ounces) per tonne platinum.
On February 19, 2009, it was announced that gold had been discovered during the first phase of test excavations 400 metres northwest of the Van Winkle Bar along an old river channel situated 75 metres higher than the existing Fraser River channel. Prior to this there were no substantive indications of gold mineralization in the Fraser River deposit.
Initial reports from the site indicated that the first two test pits revealed visible gold in the black sands within two feet of the surface. The general matrix of the bench placer is described as having fine gold and platinum disbursed throughout the deposit, but at low concentrations. However, pay streaks within the general deposit are distributed in bands throughout the orebody, and are much more concentrated, especially closer to the original erosion channel. The orebody has been termed a "low velocity deposit," and a textbook example for carrying pay streaks at several depths and not just near the erosion channel.
Recent NBRI News
- 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 • InvestorsHub NewsWire • 10/04/2024 01:15:00 PM
- North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • InvestorsHub NewsWire • 09/25/2024 01:15:00 PM
- North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • InvestorsHub NewsWire • 09/11/2024 01:15:00 PM
- North Bay Resources Commences Gold Shipments, Fran Gold Project, British Columbia; Enters Taber Gold Mine JV, Sierra County, California • InvestorsHub NewsWire • 09/09/2024 01:15:00 PM
- North Bay Resources Announces Gold Assays up to 2.2 Ounces per Ton, Fran Gold Project, British Columbia • InvestorsHub NewsWire • 08/26/2024 02:00:44 PM
- 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 • InvestorsHub NewsWire • 08/22/2024 02:28:03 PM
- North Bay Resources Announces Mt. Vernon Gold Mine Startup, Sierra County, California • InvestorsHub NewsWire • 08/05/2024 01:00:00 PM
- North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • InvestorsHub NewsWire • 07/18/2024 01:00:00 PM
- North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • InvestorsHub NewsWire • 06/27/2024 01:00:00 PM
- North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • InvestorsHub NewsWire • 06/18/2024 01:18:44 PM
- North Bay Resources Reports Assays up to >25% Mg, 0.1% Ni, 0.1% Cu, 0.01% Co, 0.3 ppm Pt at Tulameen Platinum Project, British Columbia • InvestorsHub NewsWire • 05/29/2024 01:03:34 PM
- North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • InvestorsHub NewsWire • 05/21/2024 01:07:26 PM
- North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • InvestorsHub NewsWire • 04/23/2024 01:41:02 PM
- North Bay Resources Announces Acquisition of 55.5% of Bishop Gold Mill, Inyo County, California • InvestorsHub NewsWire • 04/08/2024 02:38:35 PM
FEATURED ZenaTech, Inc. (NASDAQ: ZENA) First US Trial of IQ Nano Drone for Inventory Management • Oct 15, 2024 8:21 AM
Kona Gold Beverages, Inc. Announces Strategic Progress and Corporate Evolution • KGKG • Oct 15, 2024 9:00 AM
One World Products Secures First Order for Hemp-Based Reusable Containers, Pioneers Renewable Materials for the Automotive Industry • OWPC • Oct 15, 2024 8:35 AM
CBD Life Sciences, Inc. Announces Strategic MOU with U.S. Armed Forces for Groundbreaking Mushroom Supplement • CBDL • Oct 15, 2024 8:00 AM
HealthLynked Files Non-Provisional Patent for AI-Powered Healthcare Assistant, ARi • HLYK • Oct 15, 2024 8:00 AM
ZenaTech, Inc. (NASDAQ: ZENA) Launchs IQ Nano Drone for Commercial Indoor Use • HALO • Oct 10, 2024 8:09 AM