North Bay Resources Inc (NBRI)

[goldbaby]

Drill?

What a waste of time and money. They already know there's gold there and drilling doesn't tell anyone anything about PROVEN RESERVES. It's all hit or miss anyway proving nothing. It has however been proven that the Ruby produces GOLD...and lots of it!

PROVEN RESERVES?

We don't need no stinking PROVEN RESERVES! We've got a proven MINE.

"During the 2010 summer program, 35 samples were collected by Mr. Clifton from the Lawry Shaft workings and sent to American Assay Laboratories Inc. in Sparks, NV for fire assay analysis. The samples, each weighing approximately 1 kilogram, were collected at 10-foot intervals at the gravel-bedrock interface at 5 locations (A through E) within tunnels and crosscuts. At location C, samples C9 through C12 returned several high values, including 45.5 grams (1.45 ounces) and 15.05 grams (0.48 ounces) per metric ton (tonne) gold, as per the table below. This represents a 30-foot wide zone of placer gold-enriched sediments in which 3 of the 4 samples are highly anomalous. This zone is considered mining width. Having delineated a 30-foot wide zone with a limited 35-sample set, we believe this indicates that gold-rich gravels are relatively abundant, easily identified, and present in existing workings ready to be exploited."

"...it is currently estimated that 134,844 ounces of gold are available for near-term recovery from these channels using the existing Ruby infrastructure."

"Additional channels as well as lode deposits in quartz veins are known to exist on the property. These will require additional development and no attempt has been made as of yet to estimate the amount of gold they may contain."

http://www.northbayresources.com/ruby/


Proven Reserves is a crock. It just an unreliable estimate to justify the books.