SKIPPACK, PA September 19, 2013 -- North Bay Resources Inc. (OTCQB: NBRI) (“North Bay” or the “Company”) reports that an Archeological Overview Assessment (“AOA”) at the Company’s Fraser River Project near Lytton, BC has been completed, and the Company is now awaiting the results.
As previously explained in a Company press release dated August 8, 2013 when our mining permit was issued, the Archeology Branch of British Columba’s Ministry of Forests, Lands and Natural Resource Operations (“FLNR”) had 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 Archeology Branch’s consent, the Company 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 engaged a professional archeologist to visit the site to conduct an AOA survey for the Branch. This work has now been completed.
Initial results from the field indicate that the archeological site the Branch was concerned about is not within the Company’s work area. However, some small artifacts found on the periphery of the work area might require the Company to temporarily alter the dimensions of the pit to create a buffer zone once mining operations begin so as to leave that particular area undisturbed until it can be investigated further to determine its significance, if any. The Company is now awaiting the completion of the formal report to the Branch, and we will make further announcements once the results of the report are known.
About The Fraser River Project
The Fraser River Project is located near the village of Lytton in south-central British Columbia, Canada, and covers approximately 4.5 kilometers of placer claims along the Fraser River. Recent assessments indicate assays up to 5.68 grams per tonne gold and 0.427 grams per tonne platinum. A mining permit has been issued, and mining operations are set to begin shortly.
About North Bay Resources Inc.
North Bay Resources Inc. (OTCQB: NBRI) is a fully-reporting junior mining company with current operations in the US and Canada.
In the US, the Company’s 100% owned and royalty-free Ruby Mine is a fully-permitted underground placer and lode mine located in the northern extension of the historic Mother Lode system in Sierra County, California. The Ruby is known to have produced over 350,000 ounces of gold since the 1850’s, including some of the most spectacular gold nuggets on record. The Ruby Property covers approximately 1,755 acres, only a small portion of which has been explored to date. The Company is presently completing the rehabilitation of the Ruby Tunnel and initiating test mining operations in the sections of the mine that are now accessible.
In British Columbia, the Company holds 100% ownership of a multitude of significant mining properties. These include two gold-platinum placers, the Fraser River Project and the Monte Cristo, and lode projects such as the advanced-stage Mount Washington Project on Vancouver Island, the Brett West/BouleauCreek Gold project near Vernon BC, the Coronation Gold project in the historic Slocan Mining district, and the Tulameen Platinum Project near Princeton, BC. In addition to its many precious metal projects, the Company also owns additional prospective projects that host strategic mineral resources such as Vanadium, Crystalline Flake Graphite, Olivine, and Rare Earth Elements (REE).
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.
Additional information on the Company’s many properties and ongoing projects is available at the Company website at http://www.northbayresources.com.
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 Form 10-K which may be secured from us, or from our website at http://www.sec.gov/edgar.shtml
Perry Leopold, CEO
North Bay Resources Inc.
SOURCE: North Bay Resources Inc.