A Potentially Major Discovery at North Bay Resources Inc. (OTC:NBRI)
During a recent interview with Proactive, North Bay Resources Inc. (OTC:NBRI) CEO Jared Lazerson shared exciting news about a significant development at the company’s Fran Project. Lazerson revealed that geologists have identified a potentially large, disseminated gold deposit.
The Discovery:
The discovery was made through extensive exploration and drilling efforts at the Fran Project, located in the historic prolific gold mining region of Quebec, Canada. The gold deposit is believed to be disseminated, meaning the gold is evenly distributed throughout the rock, rather than in veins or other concentrated deposits.
The Estimated Size of the Deposit:
Based on initial estimates, the gold deposit could contain an impressive 2 million ounces of gold. This would be a substantial find, particularly for a smaller mining company like North Bay Resources.
The Impact on North Bay Resources:
This discovery could significantly boost North Bay Resources’ profile and financial performance. With a potential 2 million ounce gold deposit, the company would be well-positioned to attract more investors and secure additional funding for further exploration and development.
The Impact on the Mining Industry:
Beyond North Bay Resources, this discovery could have a ripple effect on the mining industry as a whole. The identification of a large, disseminated gold deposit could encourage other companies to invest more in exploration efforts, particularly in under-explored areas with historical mining activity.
Further Exploration:
Although initial estimates are promising, further exploration and testing will be necessary to confirm the size and viability of the gold deposit. North Bay Resources plans to continue drilling and analysis to refine the estimate and determine the best approach for mining and processing the gold.
Conclusion:
The potential discovery of a 2 million ounce gold deposit at North Bay Resources’ Fran Project is an exciting development for the company and the mining industry as a whole. With further exploration and testing, this discovery could lead to increased investment, improved financial performance, and renewed interest in exploration efforts in under-explored areas.
- North Bay Resources (OTC:NBRI) has identified a potentially large, disseminated gold deposit at the Fran Project.
- The deposit could contain up to 2 million ounces of gold.
- This discovery could significantly boost North Bay Resources’ profile and financial performance.
- Further exploration and testing will be necessary to confirm the size and viability of the gold deposit.
- The discovery could encourage other companies to invest more in exploration efforts and renewed interest in under-explored areas.
