Bruce,
Can't imagine what Mr. Leopold has to deal with everyday. With the drama on just this board, I do not possess the patience to deal with some of the "longs".
For example our permit to mine Fraser was approved yet people who claim to own shares in NBRI think its dead????
North Bay Resources Inc. (NBRI) Receives Mining Permit Approval for Fraser River JV Project
SKIPPACK, PA--(Marketwired - Aug 8, 2013) - North Bay Resources Inc. (OTCQB: NBRI) ("North Bay" or the "Company") is pleased to report that formal notification of approval of its Plan of Operations for the Company's Fraser River Project near Lytton, BC has been received from the Ministry of Energy and Mines ("MEM") in British Columbia, and a mining permit under Section 10 of the Mines Act has been issued.
The Company notes that one additional task remains before mining operations begin. As is customary during the review process of any application for a mining permit in British Columbia, various branches of the Ministry of Forests, Lands and Natural Resource Operations ("FLNR") were also consulted by MEM. The Company has been informed that one such division, FLNR's Archeological Branch, has raised some concerns about the potential for disturbance to certain areas of the property close to the Company's proposed work site that were theorized to have some possible but as yet unknown archeological significance. While the issuance of our mining permit was not contingent on the Archeological Branch's consent, the Company has agreed to satisfy the Branch that no disturbance to any suspected archeological site will occur during the course of our mining operations at the Fraser River Project. Accordingly, the Company is arranging for a professional archeologist to visit the site as soon as possible to prepare an Archeological Overview Assessment ("AOA") for the Branch. If no archeological sites of significance are found, which is what the Company expects, the Company will then proceed immediately with its mining plan. However, if evidence of a significant archeological site is observed close to where the Company will be mining, the Company will then need to either move the proposed work site to a more suitable location and file an amendment to the permit, or conduct a more extensive Archeological Impact Assessment ("AIA"). The AOA work should not take long to complete, depending on how soon an archeologist can schedule a site visit. Should the evaluation conclude that an AIA is recommended, an application for a separate permit to conduct further archeological work will need to be filed, which could potentially delay the project for several months. The Company will make further announcements once the results of the AOA survey are known.
In related news, and as set forth in the Company's Current Report on Form 8-K filed with the United States Securities and Exchange Commission ("SEC") on June 25, 2013, the Company has executed a definitive agreement with Solid Holdings Ltd. ("Solid"), a private company based in Houston, BC, to formalize the terms of the Fraser River joint venture previously announced in a Company press release on June 12, 2013. Solid has over 30 years of experience as a mining contractor, and has recently expanded its business with a custom-built processing facility in Houston, BC that is specifically designed to process black sand concentrates. Solid's process uses a proprietary method to maximize the amount of precious metals recoverable from black sand concentrates, such as those expected to be produced at the Fraser River Project.
With our permits now approved and issued, Solid will begin mobilizing equipment for deployment at the Fraser River Project as soon as the aforementioned archeological assessment work is completed.
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