North Bay Resources Inc. (OTC:NBRI) has unveiled multiple high-grade gold assay results from its Fran gold property.
Recent sampling from the Bullion Alley Zone, specifically near trenches B and C, yielded high-grade gold assays ranging from 1 to 2.2 ounces per ton, North Bay said in a statement.
The results indicate an expansive area of near-surface mineralization, according to the company.
The assays underscore the significance of the Bullion Alley Zone, identified as the richest area of the Fran property. The results follow over 50,000 feet of diamond drilling across 104 holes, which delineated a gold deposit extending 3,700 feet in length, up to 120 feet in width, and over 700 feet in depth.
The recent exploration program has confirmed high-grade mineralization with composite samples from trenches B and C assaying 0.53 and 0.44 troy ounces per ton respectively.
Sample assays from the B and C Zones showed gold grades of up to 2.27 ounces per ton, while silver values ranged from 0.03 to 2.45 ounces per ton.
The Fran property covers 34,360 acres and is situated 20 miles from Centerra Gold’s Mt Milligan Mine in British Columbia.
North Bay Resources is advancing development with a surface bulk sample of 5,000 tons already delineated, and ongoing mill and metallurgical testing is in progress.
The central area around Trenches B and C remains a key focus for continued exploration and development.