North Bay Resources Inc. (NBRI): Operations Resume at Ruby Gold Project
SKIPPACK, PA--(Sep 18, 2012) - North Bay Resources Inc. (OTCQB: NBRI) ("North Bay" or the "Company") is pleased to report that the federal Mine Safety and Health Administration ("MSHA") has notified our wholly-owned subsidiary, Ruby Gold, Inc., that worker safety training under our MSHA-approved safety training plan has been completed, certified, and formally verified by an authorized representative of the Secretary of Labor. Accordingly, all previous stop work orders have been lifted, and operations at the Ruby Mine to complete rehabilitation work on the Ruby Tunnel have resumed.
Following a brief period of preliminary tasking, the crew will resume their advance towards the 4900 Vein and the entrance to the Black Channel. As previously described in a Company press release dated July 23, 2012, this section of the tunnel from the Ruby Portal to the 4900 Vein is on the west side of the Melones Fault, the primary controlling structure that defines the Motherlode system of Northern California. The geological lithology of this western section is characterized by long stretches of serpentinite, which is a brittle rock structure prone to fracturing. To help insure that mining operations are not interrupted from falling rock from the serpentinite roof, a great deal of care will be taken to retimber this stretch of tunnel as much as is deemed prudent, and in some areas installing new timbering to further reinforce the roof and ribs of the tunnel. This is a slow and tedious process, and there remains another 600 feet or so of serpentinite to retimber before reaching the 4900 Vein.
Upon reaching the 4900 vein, we will cross over to the eastern side of the Melones Fault and into the approach to the Black Channel. It is worth noting that much of the gold produced from vein deposits of the Motherlode has been mined from the eastern side of the Melones Fault, a geological structure that runs through the entire length of the Ruby property. The geological lithology of the eastern side of the Melones Fault is characterized as a slate structure, which has an inherent stability that is more self-supporting, and will not likely require nearly as much timbering. We therefore expect the work to proceed at a faster pace once we reach that section of the tunnel. By the time we reach the 4900 Vein, we will have installed over 60,000 board feet of timber, and almost 5,000 feet of new ventilation duct.
About The Ruby Gold Project
The Ruby Mine, a/k/a the Ruby Gold Project, is a fully-permitted underground placer and lode mine located near Downieville in Sierra County, California that is known to have produced over 250,000 ounces of gold since the 1850's, and which is considered to be part of the northern extension of the historic Mother Lode system. The Ruby Property covers approximately 1,755 acres, consisting of the subsurface mineral rights of two patented claims totaling approximately 435 acres and 30 unpatented claims containing approximately 1,320 acres. The equipment, fixed assets, and infrastructure in place include a 1,000 yard per day placer wash plant, 50-ton per day quartz mill, 6,000 feet of tracked haulage, and related support equipment needed for underground mining operations. The property also features an excellent system of roads, is accessible via paved highway from Reno or Sacramento, has abundant water and timber available for mining purposes, and has PG&E power available on-site. For further information about the Ruby Mine, please visit the Ruby page on the North Bay website at http://www.northbayresources.com/ruby/.
About North Bay Resources Inc.
North Bay Resources Inc. (OTCQB: NBRI) is a fully-reporting junior mining company with over 150 mineral and placer claims encompassing approximately 60,000 acres throughout British Columbia, Canada.
In the US, the Company owns the Ruby Gold Mine in Sierra County, California, and is presently planning to acquire additional operating mines in the western US.
The Company's mission is to build a portfolio of viable mining prospects throughout the world and developing them through subsidiaries and JV partners to their full economic potential. North Bay's business plan is based on the Generative Business Model, which is designed to leverage its properties into near-term revenue streams even during the earliest stages of exploration and development. This provides shareholders with multiple opportunities to profit from discoveries while preserving capital and minimizing the risk involved in exploration and development.
SAFE HARBOR FOR FORWARD LOOKING STATEMENTS
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although North Bay Resources Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by North Bay Resources Inc. or any other person that the objective and plans of North Bay Resources Inc. will be achieved.
Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on our website (or press releases), such as "measured," "indicated," and "inferred" "resources," which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form S-1 and subsequent Form 10-K which may be secured from us, or from our website at http://www.sec.gov/edgar.shtml
NORTH BAY RESOURCES INC.
SOURCE: North Bay Resources Inc.