North Bay Resources CEO Jared Lazerson shared significant news regarding the company's latest exploration efforts at the Fran Gold Joint Venture Property. Recent assays conducted over a wide area of known gold mineralization across pre-existing trenches labeled A through E have revealed notable findings.
Assays from separate composite samples taken from trenches B and C yielded nearly identical results, each showing 0.5 troy ounces per ton of gold. This suggests a consistent and substantial gold presence in these areas, marking a promising development for the property.
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.
North Bay Resources is currently awaiting the results of metallurgical tests, which will help determine the specific compounds present in the mineralization. These results are crucial as they will assist the company in evaluating the applicability of gravity and flotation recovery methods for gold separation.
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.
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