SKIPPACK, PA — North Bay Resources Inc. (OTC: NBRI) has released previously undisclosed assay results from its wholly owned Murex Copper Project in British Columbia, formerly known as Mt. Washington. The findings shed light on the potential of the mining site and could be a significant boost for the company’s stockholders.
The Fall 2023 exploration focused on the northern part of the property, involving geochemical and geological mapping. The assays revealed concentrations of gold, silver, copper, and zinc, with one sample showing an impressive 60.3 grams per ton (g/t) of gold. For context, a gram per ton is a unit of measurement indicating how many grams of a particular substance is in a ton of ore.
The exploration also included six rock chip samples from the Lupus and Lakeview Zones. Rock chip sampling involves collecting small pieces of rock from outcrops—exposed sections of bedrock or ancient overburden. These samples undergo geochemical analysis to determine the concentrations of valuable minerals.
It’s important to note that while the historic results were completed by qualified geologists and engineers, they do not comply with NI-43101 standards. National Instrument 43-101 (NI-43101) is a regulation governing the public disclosure of mineral exploration projects in Canada, designed to ensure that misleading information isn’t given to investors.
Beyond the gold and polymetallic zones in the north, the Murex breccia zones lie in the central part of the property. Breccia zones are areas where rocks have been fractured due to geological activity and then naturally re-cemented together. These zones often contain valuable mineral deposits.
The Murex property has been systematically explored since 1957 by various operators, including Noranda, now Glencore. The property features several significant drill intercepts—segments of a drill hole where mineralization is significantly higher than the surrounding area.
Moreover, North Bay has completed exploration at the Copper Bell Zone of the Copper Island Project. The Summer 2023 Exploration yielded assays up to 14.7% copper, indicating a high concentration of the valuable metal.
While the assay results are promising, it’s important to remember that mining is a complex and costly process. It can take years to transition from exploration to production, and there are numerous regulatory hurdles to overcome. However, for North Bay Resources, these results represent a significant step forward in assessing the potential value of their Murex Copper Project.
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