NEVADA CITY, CA / ACCESSWIRE / October 27, 2014 / Ruby Gold, Inc. ("RGI", or the "Company"), a wholly-owned subsidiary of North Bay Resources Inc. (OTC: NBRI) ("North Bay"), is pleased to announce that the Company has staked additional claims near the Ruby Adit adjacent to the Discovery Channel. The Discovery Channel was described in a Company press release dated April 9, 2014 when the Company announced that new claims had been staked over a recently-identified buried channel now known as the Discovery Channel. The Discovery Channel is estimated to be at least 4,000 feet in length.
Ten new claims covering 200 acres immediately adjacent to the Discovery Channel have now been staked to expand the new discovery zone and cover an additional buried channel recently detected over the past few months. The new claims are the result of extensive study of historical geologic and topographic maps of the area and exploratory prospecting of the surface in the vicinity of the Discovery Channel that revealed the outcropping of what appears to be a second new channel. This second new channel is now called the Alling Channel, named after Mark Alling, a mining engineer who a century ago produced some of the most authoritative geological maps of the Rock Creek district of Sierra County, and which were used extensively to identify this new channel. The Alling Channel appears to run parallel to the Discovery Channel for at least part of its length. It is possible that one may be a tributary to the other and the combined channels are a tributary to the Black Channel.
According to Gary Clifton, P. Geo, the path of the Alling Channel is to the southwest and should intercept the Black Channel near Sally's Alley. Access to the channel would therefore be possible from the Black Channel workings. A more direct route would be to drive a crosscut north-northeast from the end of the Contract Drift in the Ruby Adit and raise up to the channel. This would allow the channel to be bulk sampled. If the channel was determined to be rich enough to mine, a decline from the surface for fully mechanized mining would be considered. The distance from Sally's Alley to where the Alling Channel daylights is about 6,000 feet.
As the Alling Channel is believed to be approximately 200-250 feet below the surface, initial exploration will entail a targeted gravity survey to define the rims of the channel. Once the channel width has been defined, vertical RC drilling will be done to better determine depth and recover a sample of the gravels. It would be practical to expand the same program to explore the Discovery Channel, which is somewhat deeper but within reach of a gravity survey and an RC drilling rig.
The Company intends to continue exploration of this new discovery when operations resume next spring.
Mr. C. Gary Clifton, P.Geo., is a Qualified Person as defined by National Instrument 43-101, and has reviewed this press release for technical accuracy.
About Ruby Gold, Inc.
Ruby Gold, Inc., a wholly-owned subsidiary of North Bay Resources Inc. (OTC: NBRI), is the owner and operator of the Ruby Mine (the "Ruby"), a fully-permitted underground placer and lode mine located near Downieville in Sierra County, California. The Ruby is known to have produced over 350,000 ounces of gold since the 1850’s, and is considered to be part of the northern extension of the historic Mother Lode system. The Ruby property covers approximately 2,512 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 69 unpatented claims containing approximately 2,077 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. 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 on the Ruby Mine, please visit the Ruby web page at http://www.northbayresources.com/ruby/.
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 Ruby Gold, Inc. and its parent company, 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 Ruby Gold, Inc. or any other person that the objective and plans of Ruby Gold, 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 registration statement 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, President
Ruby Gold, Inc.
215-661-1100
http://www.northbayresources.com
SOURCE: North Bay Resources Inc.