SKIPPACK, PA--(Marketwire - 03/31/10) - North Bay Resources Inc. (Pinksheets:NBRI - News) ("North Bay" or the "Company") is pleased to report that Silver Quest Resources Ltd. ("Silver Quest"), the Company's joint-venture ("JV") partner on the Fawn-Buck property, recently announced that its Board of Directors has approved a $2.2 million budget for the Capoose Project ("Capoose"). The Capoose Project is located on the Nechako Plateau, 185 km southwest of Prince George, British Columbia, and encompasses the Fawn-Buck JV area within the southern portion of the project area.
According to the announcement made by Silver Quest on March 30, 2010, "Silver Quest is planning extensive diamond drilling at Capoose to enhance and further define the NI 43-101 inferred resource of 1.32 million ounces of gold equivalent or 53 million tonnes at a grade of 0.77 g/t gold equivalent. This season's program will include over 10,000 metres of resource definition drilling, consisting of approximately 35 drill holes with depths ranging between 250 and 300 metres. Drilling will be completed in a grid pattern across the south end of the deposit to infill the central portion of the deposit area and test for extensions of the deposit to the south. Silver Quest also plans on drill testing several geophysical and geochemical targets in other areas on the property."
Shareholders are encouraged to monitor Silver Quest's news releases at http://www.silverquest.ca/ for further details and updates on the Capoose Project, including the upcoming Fawn-Buck work program.