North Bay Resources Inc. (NBRI) Engages Engineering Firm For Ruby Gold Project
SKIPPACK, Pa., July 11, 2011 /PRNewswire/ -- North Bay Resources Inc. (OTCBB: NBRI) ('North Bay' or the 'Company') is pleased to announce that its wholly-owned subsidiary, Ruby Gold, Inc. ('RGI'), has engaged GeoSolutions of Grass Valley, CA, to provide engineering services to the Ruby Gold Project in Sierra County, California.
GeoSolutions will be assisting and advising RGI in the ongoing fulfillment of regulatory compliance requirements with various regulatory agencies, including the California State Water Resources Control Board, California Office of Mine Reclamation, and Sierra County Departments of Planning and Environmental Health. In particular, GeoSolutions will be providing engineering support for the planned expansion of the Ruby Mine tailings area, and will be assisting in surface and ground water monitoring. In addition, GeoSolutions will be providing various mining engineering consulting services to implement the existing mining and reclamation plans, including pre-production planning currently underway to prepare the Ruby Mine for the start of operations.
The GeoSolutions team will be supervised by Mr. Thomas J. Knoch, a California State Registered Professional Geologist, Certified Engineering Geologist, Certified Hydrogeologist, and Registered Environmental Assessor. Mr. Knoch holds B.S. degrees in Mining Engineering (1982) and Geological Engineering (1986) from the University of Nevada, Reno. In addition to being the principal of GeoSolutions, Mr. Knoch has extensive experience in the underground mining of mesothermal/epithermal type gold vein deposits, mine plant design, supervision/scheduling of mining operations, and underground development work. Mr. Knoch is currently serving as the SMARA mine inspector for Nevada County, California, and is also registered as a professional geologist in the states of Arizona, Missouri, and Kansas.
North Bay CEO Perry Leopold commented, 'We are extremely pleased to have someone of Tom's caliber join the Ruby project team. Together with our consulting mining engineer, Bill Watters, and our geologist, Gary Clifton, we have now assembled a core group of experienced professionals to help us take all of the necessary measures to prepare the Ruby for the start of operations. In the coming days we will be announcing additional plans we will be implementing to begin pre-production activities, and we will be sure to keep shareholders fully informed of our progress.'
About GeoSolutions
GeoSolutions offers professional consulting services in the technical fields of geology, geological engineering, hydrogeology, and environmental engineering. All available services are performed under direct supervision of Thomas J. Knoch, a California State Registered Professional Geologist, Certified Engineering Geologist, Certified Hydrogeologist, and Registered Environmental Assessor. Mr. Knoch is also registered as a geologist in the states of Arizona, Missouri, and Kansas. The company clientele has included government agencies and research institutes, and firms in the agricultural, construction, logging, mining, petroleum and recreational industries.
About The Ruby Gold Project
The Ruby Mine, a/k/a the Ruby Gold Project, is a fully-permitted underground placer and lode mine located near Downieville in Sierra County, California that is known to have produced over 250,000 ounces of gold since the 1850's, and which is considered to be part of the northern extension of the historic Mother Lode system. The Ruby Property covers approximately 1,755 acres, consisting of the subsurface mineral rights of two patented claims totaling approximately 435 acres and 30 unpatented claims containing approximately 1,320 acres. The equipment, fixed assets, and infrastructure in place have been valued at an estimated $3.5 million, and include a 1,000 yard per day placer wash plant, 50-ton per day quartz mill, 6,000 feet of tracked haulage, and related support equipment needed for underground mining operations. The property also features an excellent system of roads, is accessible via paved highway from Reno or Sacramento, has abundant water and timber available for mining purposes, and has PG&E power available on-site. For further information about the Ruby Mine, please visit the Ruby page on the North Bay website at http://www.northbayresources.com/ruby/.
About North Bay Resources Inc.
North Bay Resources Inc. (OTCBB: NBRI) is a fully-reporting junior mining company with over 150 mineral and placer claims encompassing approximately 60,000 acres throughout British Columbia, Canada.
In the US, the Company has acquired the Ruby Gold Mine in Sierra County, California, and is presently looking to acquire additional operating mines in the western US.
The Company's mission is to build a portfolio of viable mining prospects throughout the world and developing them through subsidiaries and JV partners to their full economic potential. North Bay's business plan is based on the Generative Business Model, which is designed to leverage its properties into near-term revenue streams even during the earliest stages of exploration and development. This provides shareholders with multiple opportunities to profit from discoveries while preserving capital and minimizing the risk involved in exploration and development.
SAFE HARBOR FOR FORWARD LOOKING STATEMENTS
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although North Bay Resources Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by North Bay Resources Inc. or any other person that the objective and plans of North Bay Resources Inc. will be achieved.
Cautionary Note to U.S. Investors -The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on our website (or press releases), such as 'measured,' 'indicated,' and 'inferred' 'resources,' which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form S-1 and subsequent Form 10-K which may be secured from us, or from our website at http://www.sec.gov/edgar.shtml
Contact:Perry Leopold, CEONorth Bay Resources Inc.215-661-1100http://www.northbayresources.com
North Bay Resources Inc.
Web Site: http://www.northbayresources.com/ruby