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North Bay Resources, Inc. under the ticker symbol NBRI. Here is some more information that we have about North Bay Resources, Inc.

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North Bay Resources, Inc.
North Bay Resources, Inc. engages in the acquisition, management, and development of precious metal and other mining properties. It primarily explores for gold, silver, platinum, palladium, rhodium, iridium, copper, zinc, and nickel. As of January 31, 2008, the company owned approximately 100 mineral and placer claims encompassing approximately 40,000 acres in British Columbia, Canada. It holds interests in the Monte Cristo and Chilco properties comprising 3 contiguous staked claims composed of 14 units covering approximately 312 hectares; the Pinnacle Gold property consisting of 3 claim units covering 426.7 hectares; the Silver Cup Ridge property that includes 5 contiguous claim units cover...
Founded in 2004
Last $0.0002 USD
Change Today 0.00 / 0.00%
Volume 23.9M
As of 8:10 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

north bay resources inc (NBRI) Snapshot

Open
$0.0002
Previous Close
$0.0002
Day High
$0.0002
Day Low
$0.0002
52 Week High
01/14/14 - $0.05
52 Week Low
11/6/14 - $0.0001
Market Cap
121.6K
Average Volume 10 Days
28.8M
EPS TTM
--
Shares Outstanding
608.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
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north bay resources inc (NBRI) Key Developments

North Bay Resources, Inc. Issues South Terrace Status Report

North Bay Resources, Inc. issued the status of the South Terrace at the Ruby Mine in Sierra County, California. At the start of the shift on September 22, 2014, the raise being constructed at drillhole C2 was discovered to have encountered fast raveling serpentine below the targeted South Terrace gravels. Following the usual four-foot raise round that had been set off at the end of the previous shift, this serpentine caved up to the gravel layer above, filling the raise ore chute with broken rock and spilling over into the manway. Prior to that date it was estimated that another 15 feet of bedrock remained between the raise and the terrace, which expected would take one more week of blasting and timbering to hole through. A new raise is now being built 100 feet downstream from the C2 raise at drill hole C0 where the ground is much more stable. The raise will be built in such a way that will be able to access the South Terrace from above rather than below. Construction of the C0 raise began this week, and will continue until it is completed and the terrace can be safely accessed for mining. Once the C0 Raise is completed, expect that will still be able to use the ore chute at the C2 Raise for production purposes once mining in the South Terrace begins.

North Bay Resources, Inc. Obtains Amendment to its Certificate of Incorporation to Increase Number of Authorized Shares of Common Stock

North Bay Resources, Inc. obtained stockholder consent for an amendment to its Certificate of Incorporation to increase its number of authorized shares of common stock from 500,000,000 shares to 1,500,000,000 shares, and to decrease the par value of the common stock from $0.001 per share to $0.0001 per share.

North Bay Resources Inc. Announces Progress Report on Work Ongoing at the Ruby Mine in Sierra County, California

North Bay Resources, Inc. announced progress report on work ongoing at the Ruby Mine in Sierra County, California. Prior to processing the Black Channel gravels, a stockpile of recently-mined gravels from the White Channel was processed on Tuesday of this week, and 16.2 grams of coarse gold were recovered from a 69 ton bulk sample. The concentrates from this run were processed on August 27, 2014 and another 12.7 grams of gold were recovered, bringing the total recovery of this bulk sample to approximately 29 grams of gold. It is instructive to note that the initial bulk samples from the White Channel processed last spring resulted in the recovery of very fine gold that would typically be expected to come from the rim of a channel. The Company also reports that the construction of the new raise to the recently-discovered South Terrace has progressed over 30 feet, and is now more than halfway up to its destination approximately 60 feet above the Ruby Adit. An additional shift has been added this week to accelerate its completion. Once the raise is completed, the company expects to begin bulk sampling of the South Terrace gravels. A 5 pound sample of gravels from drill hole C-2 revealed visible gold, thereby confirming that the gravels in the South Terrace are gold bearing. The Ruby Property covers approximately 2,312 contiguous acres, only a small portion of which has been explored to date. The property consists of the subsurface mineral rights of two patented claims totaling approximately 435 acres and 59 unpatented claims containing approximately 1,877 acres. The equipment, fixed assets, and infrastructure in place 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.

 

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Price/Sales 6.8x
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North Bay Winds Down Ruby Operations For Winter
[at noodls] - North Bay Winds Down Ruby Operations For Winter
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