North Bay Resources Inc. (OTC:NBRI) CEO Jared Lazerson spoke with Proactive about the company's latest sample assays from the Fran Gold Project.
Lazerson explained that the company recently conducted a 20-ton test shipment from a high-grade surface zone between trench B and trench C.
The assays from this material returned results consistent with or exceeding historic data, with grades ranging from 0.4 oz/t to 2.9 oz/t gold.
“We learned the hard way… let's assay as we go,” Lazerson said, referring to inconsistent results earlier in the year.
He noted that the recent assays reached over-limit thresholds, prompting further testing for values exceeding 100 g/t gold. Results for copper and silver are also expected soon.
Lazerson highlighted that the deposit appears to improve with depth, citing ongoing test mining that uncovered material grading up to three ounces per ton.
He also noted that the deposit has been traced over 100 metres in width and shows signs of expanding, particularly as trench B and trench C become geologically connected.
He described the Fran property as a smaller-scale analogue to large nearby operations like Mount Milligan and Blackwater, with North Bay having already identified 40 million tons of mineralized material in a non-43-101 estimate.
