North Bay Resources Inc. (OTC:NBRI) Stock Gains Momentum: Here Is Why
In recent times, there have been some companies that have made significant new announcements that have led to attention from investors. One such company is North Bay Resources Inc. (OTC:NBRI), which was in the news cycle on December 20 after it made an announcement about a major development.
Arrival of Gold
The company came into focus after it announced that on December 19, as much as 42 tons of gold ore had arrived at its Bishop Gold Mill in California from its Fran Gold Project situated in British Columbia. The latest delivery brought the total stockpile of gold ore to 62 tons, with the inclusion of the shipment in September 2024.
Key Details
The latest independently reported head grade for the gold had been recorded at 0.91 ounces per ton of gold. On the same day as the announcement, another shipment bearing 21 tons of gold was expected to arrive. More shipments were going to be delivered on an ongoing basis, the company noted in the news release. It should be noted that the Fran Gold Project encompasses an area of as much as 1.77 acres and is situated 20 miles from the massive mine that belongs to Canterra Gold.
