North Bay Resources (OTC:NBRI) has achieved continuous operation at its Bishop, California, gold mill, following upgrades in April and May that allowed the facility to run for up to nine hours per day.
The company has completed processing its remaining stockpiled gold ore, resulting in a 543-pound shipment of gold concentrate to its refinery partner. Final assays are pending from ALS Geochemical in Reno, Nevada.
Additionally work at the group’s Fran Gold Project, a resource estimated to contain 470,000 ounces of gold has been completed.
North Bay says further development work was completed on the initial mining zone located between B and C trenches where a consistent grade of 0.5 ounces per tonne has been sampled.
The company notes the area demonstrates for a massive sulphide intrusion grading more than 1 ounce per tonne. North Bay says this is a primary target in the area.
Additional samples were taken along and near trench B and the massive sulphide ore body in preparation for mining.
The company is proceeding with developing the bulk tonnage deposit and has begun consulting with mine engineering firms regarding detailed economics, mine plan, and development.
The Bishop Gold Mill, located in California, processes up to 100 tonnes of gold ore per day. Meanwhile, Fran is a 34,360 acre project located 20 miles from Centerra Gold’s (TSX:CG) 60,000 tonnes per day Mt Milligan Copper Gold Mine.
According to Trading Economics, the gold price held steady at around US$3,320 ($5,093) per ounce, after falling 1.3% the day before, as traders weighed Middle East developments and weak US data that boosted hopes for Federal Reserve rate cuts.
The gold price sat at $5,123.74 per ounce, as reported by the ABC Bullion, at 9.30am AEST today.
Write to Aaliyah Rogan at Mining.com.au
Images: North Bay Resources
