North Bay Resources has announced that it is preparing to commence underground operations at the recently acquired Mt. Vernon Gold Mine, located in Sierra County, California, near Lake Tahoe. This significant development aligns with the company's strategy to leverage its existing 100-ton-per-day gold mill in Inyo County, thereby enhancing its overall production capacity.
Crews are scheduled to begin work next week, focusing on critical sampling and confirmatory tasks. The Mt. Vernon mine features a tunnel that extends approximately 150 feet, where channel sampling will be conducted on both the north and south faces. Assays from earlier this year revealed that the main zone contains over one ounce of gold per ton, prompting plans for a mini bulk sample to pave the way for more extensive bulk mining operations. Initial results from these activities are anticipated within a few weeks, providing valuable data to guide the next phases of development.
This acquisition is strategic for North Bay Resources, as it seeks to utilize its existing milling capacity more effectively. The historical gold production in the area, notably upstream from the historically rich Ruby mine, underscores the potential of the Mt. Vernon site. The mine's largely untouched ground further suggests significant opportunities for future mining endeavors.
North Bay Resources CEO Jared Lazerson has expressed strong optimism regarding the acquisition and the upcoming underground operations. Lazerson highlighted the promising assay results, which are comparable to those from the Ruby channel, a historically productive area. This optimism is grounded in the belief that the Mt. Vernon Gold Mine could contribute substantially to the company’s gold production capabilities.
The commencement of underground operations at the Mt. Vernon Gold Mine is a noteworthy development for multiple stakeholders, including investors, industry experts, and the broader mining community. It signifies a proactive approach by North Bay Resources to expand its operational footprint and capitalize on the rich mineral resources of Sierra County.
As the company begins this new phase of operations, the mining sector will be watching closely to gauge the impact of these efforts. Positive initial results could lead to increased investor confidence and further investment in the region. Additionally, successful mining operations at Mt. Vernon could serve as a model for similar projects, potentially influencing industry practices and strategies.
Overall, North Bay Resources' move to initiate underground operations at the Mt. Vernon Gold Mine represents a critical step in the company's growth trajectory, with significant implications for its future production capabilities and the broader mining industry.
