North Bay Resources CEO Jared Lazerson recently shared significant findings from the company's exploration efforts at the Fran Gold Joint Venture Property. The assays conducted over a wide area of known gold mineralization across pre-existing trenches labeled A through E have yielded promising results, revealing a consistent and substantial gold presence.
Lazerson reported that assays from separate composite samples taken from trenches B and C showed nearly identical results, each indicating 0.5 troy ounces per ton of gold. This consistency suggests a significant gold presence in these areas, highlighting the potential for future mining operations.
The central area of the property, known as the Bullion Alley Zone, has been identified as the richest part of the site. Supported by extensive drilling data, this zone appears to be a potential feeder zone, making it a prime focus for upcoming bulk sampling operations. Additionally, assays from trenches A and B revealed a notable 0.9% copper content along with high iron concentrations.
The company is currently awaiting the results of metallurgical tests, which will determine the specific compounds present in the mineralization. These results are crucial for evaluating the applicability of gravity and flotation recovery methods for gold separation, which will inform future extraction processes.
This recent discovery marks a significant milestone for North Bay Resources, indicating promising potential for future mining and extraction operations at the Fran Gold Joint Venture Property. The company remains optimistic about the continued exploration and development of this valuable asset.
