North Bay is pleased to issue the following shareholder update on the status of current operations at the Ruby Gold Project. The Ruby Tunnel rehab project continues to make steady progress. The weather has remained favorable, and we are prepared to keep working as long as the weather continues to cooperate. We expect that the Ruby will be a year-round operation once we are in full production and generating revenue. Until [...]
North Bay is pleased to announce that it has completed a geochemical survey of its 100% owned Bouleau Creek Gold Property in southeastern British Columbia, Canada. Bouleau Creek Gold is a road-accessible property covering 2,510 contiguous acres and located 26 kilometres west of Vernon, British Columbia. The property is adjacent to the Brett Gold project (MINFILE 082LSW110) where 11,970 tonnes grading 39.12 grams per tonne [...]
North Bay is pleased to announce that Ruby Gold, Inc., a wholly-owned subsidiary of North Bay, has received notice that its revised Ruby Mine Reclamation Plan has been formally approved by the Sierra County Planning Department, and has satisfied all Conditions of Approval, as amended, previously issued by SCPD as well as the California Department of Conservation Office of Mining Reclamation.
North Bay announced today that the tunnel rehab project ongoing at the Ruby Mine in Sierra County, California, has been extended, and will continue through the end of the year. Work has been progressing at a steady pace since the tunnel rehab project began over six weeks ago. At the recommendation of the project manager, we are replacing more timber in the tunnel than originally anticipated. Accordingly, the rehab work [...]
North Bay is pleased to announce that it has agreed to terms on an exclusive option to lease or acquire the Taber Mine in Sierra County, California. The Taber Mine is an underground placer mine located near La Porte, CA, and covers approximately 650 acres of unpatented mining claims situated on the western slope of the Sierra Nevada mountain range. The mine is on a northern extension of the historic Mother Lode/Melones [...]
North Bay is pleased to announce that Phase I of the pre-production plan at the Ruby Gold Project in Sierra County, California has been completed, and Phase II operations have now begun. The Phase I program, which began in July 2011, was conceived as a program of comprehensive inspection and refurbishing to prepare the Ruby Mine for the start-up of mining operations. This involved work to recondition the surface [...]
North Bay is pleased to announce that it has signed a Memorandum of Understanding with Devlin's Bench Mining Ltd and P. Wright Contracting to enter into a joint-venture on North Bay's Fraser River Platinum Project in British Columbia. The Fraser River Platinum Property is located near Lytton in south-central British Columbia and covers approximately 4.5 kilometers of placer claims along the Fraser River. The property [...]
North Bay is pleased to issue the following update on the work ongoing at the Ruby Mine in Sierra County. The Company has accepted a bid by CME Services, a qualified mining contractor, to restore proper ventilation to the Ruby Mine underground workings. The work will include clearing the underground workings of extraneous debris and re-timbering as-needed from the Ruby Portal to the secondary exit at the Lawry Shaft. In [...]
North Bay is pleased to announce that pre-production activities have commenced at the Ruby Mine in Sierra County, California. The following is a progress report of the work completed, ongoing, and planned as of this date. Extensive survey work to map an expansion of the Ruby tailings areas was completed in August, and an amendment to the Reclamation Plan is in the final stages of completion. O
North Bay is pleased to announce that the Company has acquired a 100% undivided interest in two rare earth properties in southeastern British Columbia. The Perry River Carbonatite property covers 505 hectares and is located approximately 42 kilometres northwest of Revelstoke, BC. The property is known to host niobium, lanthanum, cerium, neodymium, and other REEs. The carbonatite mineralization is documented to trend [...]
North Bay is pleased to announce that it has signed an engagement letter with Acer Capital Group to provide investment banking services to the Company. ACG is a global holding company of private equity foreign and domestic funds in the business of deploying capital. ACG is the parent company of subsidiaries that include ACG Consulting, LLC, with whom the Company has a prior relationship with. This engagement allows North [...]
North Bay is pleased to inform shareholders of additional plans underway to prepare for the start of operations at the Ruby Mine in Sierra County. A program of general inspection has now commenced, with the objective being the repair and maintenance of the underground workings in preparation for the start-up of operations.