North Bay Resources is gearing up to commence underground operations at the recently acquired Mt. Vernon Gold Mine, located in Sierra County, California, near Lake Tahoe. This development is poised to leverage North Bay's existing 100-ton-per-day gold mill in Inyo County, marking a significant step in the company's operational strategy.
The Mt. Vernon Gold Mine will undergo initial underground activities next week, focusing on sampling and confirmatory work. A tunnel extending approximately 150 feet will be the primary site for channel sampling on both its north and south faces. Assays from 2023 have revealed that the main zone contains over one ounce of gold per ton, prompting plans for a mini bulk sample to set the stage for more extensive bulk mining. Results from these efforts are anticipated within a few weeks.
This acquisition aligns with North Bay's strategy to utilize its milling capacity, bolstered by the historical gold production in the area. The Mt. Vernon mine, situated upstream from the historically rich Ruby mine, has shown promising assay results akin to those of the Ruby channel. The largely untouched ground suggests significant potential for future gold extraction.
CEO Jared Lazerson expressed optimism about the acquisition and emphasized the commencement of underground work as a pivotal step forward. This move highlights North Bay's commitment to enhancing its operational capabilities and capitalizing on the region's rich mineral resources.
