North Bay Resources Initiates Underground Operations at Mt. Vernon Gold Mine

North Bay Resources is poised to commence underground operations at its newly acquired Mt. Vernon Gold Mine in Sierra County, California. The company's CEO, Jared Lazerson, announced that crews will begin sampling and confirmatory work next week, marking a significant step in the mine's development.

The Mt. Vernon Gold Mine, located near Lake Tahoe, is strategically positioned to integrate with North Bay's existing 100-ton-per-day gold mill in Inyo County. This acquisition is part of the company's broader strategy to utilize its milling capacity and tap into the region's historically rich gold production.

The mine features a tunnel extending approximately 150 feet, where channel sampling will be conducted on both its north and south faces. This initial work is crucial for assessing the mine's potential and planning future operations. Assays from 2023 have already indicated promising results, with the main zone reportedly containing over one ounce of gold per ton.

Based on these encouraging findings, North Bay Resources plans to conduct a mini bulk sample, which will pave the way for more extensive bulk mining operations. The company expects to receive initial results from these efforts within a few weeks, providing valuable insights into the mine's viability and potential yield.

The Mt. Vernon mine's location is particularly noteworthy, as it sits upstream from the historically productive Ruby mine. Assay results from Mt. Vernon have shown similarities to those of the Ruby channel, suggesting significant potential for gold extraction. The largely untouched nature of the ground in this area further enhances the prospect of substantial gold deposits.

This development is significant for several reasons. Firstly, it represents a tangible step forward in North Bay Resources' expansion strategy, potentially increasing its gold production capacity. Secondly, the revival of mining operations in this historically rich area could have positive economic implications for the local community.

Furthermore, the Mt. Vernon project aligns with the growing demand for gold, which remains a valuable commodity in various industries and as a financial asset. The success of this venture could contribute to the overall supply of gold in the market.

As North Bay Resources moves forward with its plans, the mining industry will be watching closely. The results of the initial sampling and bulk testing could provide valuable insights into the viability of reviving historical mining sites using modern techniques and equipment.

The company's approach of integrating newly acquired mines with existing processing facilities demonstrates a strategic effort to maximize efficiency and reduce operational costs. This model, if successful, could serve as a template for other mining companies looking to expand their operations while leveraging existing infrastructure.

As underground operations begin at the Mt. Vernon Gold Mine, North Bay Resources stands at the cusp of potentially significant discoveries. The coming weeks and months will be crucial in determining the full potential of this acquisition and its impact on the company's future in the gold mining sector.