North Bay Resources Announces Production of Gold Concentrate and Refinery Shipment, Bishop, California

Source: Northbay Resources

North Bay Resources Inc. (the “Company” or “North Bay”) (OTC: NBRI) is pleased to announce the first gold has been successfully produced at the Company’s Bishop Gold Mill (see Photo 1). Extraction of gold by gravity separation on the Deister Table has resulted in striation of gold and other metals and production of a gold concentrate. The mill continues to process gold with an initial shipment to the Company’s refinery partner in Reno, Nevada expected this week. The Refinery will process the concentrate and make payment to North Bay. The Refinery will provide a sample of material for split assay by the Company. The Company will provide check assay to ALS Global for comparison. If there is a discrepancy between the Refinery and Company assay, the Company has agreed to split the difference. The Refinery fee is based on a spot price of gold and gross percentage processing fee not to exceed 5%. The balance of payment after refining fee is known as the Net Smelter Return… Read more