North Bay Resources Inc. (NBRI): Progress Report of the Ruby Gold Project
May 02.05.2012, 0 SKIPPACK, Pennsylvania - North Bay Resources Inc. (OTCBB: NBRI, NYSE: North Bay or the “Company”) is pleased to announce the following update on the ongoing work at Ruby -Give mine.
The project to repair the Ruby Tunnel continues to make good progress. With the exception of a few weeks in late March and early April, when work was temporarily suspended due to snowstorms in the Sierra Nevada, work continued uninterrupted during the winter months and into the spring.
The team is currently working on the lowest and narrowest point of the Ruby Tunnel. This is a slowly progressing work, as the tunnel is now extended to the rest of the tunnel to mining-legal dimensions. To do this, considerable quantities have to be advanced, carrier material fixed to the ceiling, and excess rock and debris transported out. In addition, durable wooden cladding is applied to secure the ceiling and mining edges in this area of the tunnel.
As always, we will continue to inform our shareholders about our operational progress as we move towards the start of production.
About the Ruby Gold Project
The Ruby Mine, or the Ruby Gold Project, is a fully licensed underground alluvial and vein mine located near Downieville in Sierra County, California. The mine has produced more than 1850 oz of gold since the 250.000s and is seen as part of the northern extension of the historic mother vein. The Ruby property comprises approximately 1.755 acres consisting of the surface mineral rights of two patented claims totaling approximately 435 acres and 30 unpatented claims totaling approximately 1.320 acres. The devices, systems and infrastructure on site include a 1.000 yard per day soap washing facility, a 50 tons per day quartz mill, 6.000 feet of transport routes and the associated equipment required for the subsurface mining. The property also has an excellent road system and is accessible via the paved expressway from Reno or Sacramento. In addition, there is enough water and wood required for the extraction as well as electricity from the provider Pacific Gas and Electric Company (PG&E) available on site. For more information on the Ruby Mine, please visit the Ruby page on the North Bay website at www.northbayresources.com/ruby.
About North Bay Resources Inc.
North Bay Resources Inc. (OTCBB: NBRI) is a fully reportable junior mining company with more than 150 mineral and alluvial claims, including 60.000 Morgan in British Columbia, Canada.
In the US, the company has acquired the Ruby Gold Mine in Sierra County, California, and is seeking to buy additional operating mines in the western United States.
The company's goal is to build a portfolio of profitable mining prospects worldwide and then develop their full economic potential through subsidiaries and joint venture partners. North Bay's business plan is based on the generative business model designed to leverage short-term property as a source of revenue, even in the earliest stages of exploration and development. This provides shareholders with numerous opportunities to benefit from discovery while preserving capital and minimizing the risk associated with exploration and development.
Contact:
Perry Leopold, CEO
North Bay Resources Inc.
001 (215) 661-1100
www.northbayresources.com
