North Bay Resources Announces Assay of 6.62 Ounces per Ton Gold, Fran Gold Project, British Columbia

Core Insights - North Bay Resources, Inc. announced a weighted average of 3.38 ounces per ton gold from the maiden ore shipment at the Fran Gold Project, with a notable assay of 6.62 ounces per ton gold from sample 25FRTB-5 [1] Group 1: Ore Shipment and Processing - The gold ore shipment consists of 10 super sacks weighing a total of 22,597 lbs (approximately 10,270 kg) and is expected to be delivered to the Bishop Gold Mill for processing [2] - The Bishop Gold Mill has a processing capacity of 96 tons per day, and the ore will be processed to produce a concentrate for delivery to the refinery partner in Reno, Nevada [2] Group 2: Fran Gold Project Overview - The Fran Gold Project is located in British Columbia and is underlain by Takla Group sedimentary and volcaniclastic rocks, with previous work outlining gold-bearing structures through 55,000 ft (18,000 m) of diamond drilling [3] - The project features a high-grade massive sulphide zone currently under development, with an estimated resource of 20,035,146 tonnes at an average grade of 0.50 g/t, totaling 323,170 troy ounces of gold [5] - The Bullion Alley - Main Zone and East Extension have a combined resource of 43,797,234 tonnes at an average grade of 0.34 g/t, totaling 474,001 troy ounces of gold, with potential for resource expansion [6] Group 3: Drill Results and Future Development - Drill intercepts below the massive sulphide zone indicate continuous high-grade gold at depth, with notable results such as DDH FR-59 intersecting 16 ft (4.85 m) grading 0.35 opt gold and 1.48% copper [7] - The focus for near-term development is on the primary feeder zone, with plans for an on-site mill to process a significant portion of the drill-defined 44 million tonnes of lower-grade material [7] Group 4: Regional Context - The Fran Gold Project is located near Centerra's Mt. Milligan Mine and Artemis Gold's Blackwater Mine, both of which have comparable gold grades of 0.5 g/t and 0.8 g/t respectively [8]