North Bay Resources Announces Production of Gold Concentrate and Refinery Shipment at Bishop Gold Mill, California [Yahoo! Finance]
NORTH BAY RESOURCES INC (NBRI)
NASDAQ:AMEX Investor Relations:
investorshub.advfn.com/north-bay-resources-inc-nbri-6441
Company Research
Source: Yahoo! Finance
the first gold concentrate 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 ore 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. Photo 1. Striation of Gold, Zinc, and other Metals on the Deister Table – Bishop Gold Mill
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News
- North Bay Resources Announces Production of Gold Concentrate and Refinery Shipment at Bishop Gold Mill, CaliforniaGlobeNewswire
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