North Bay Resources Inc. (OTC:NBRI) announced on Thursday it has struck a deal to acquire privately held Bendito Resources Inc for $25 million, as it looks to expand its footprint with a portfolio of advanced and exploration-stage projects in Mexico. The deal, structured as a one-time cash payment for a 100% interest in Bendito on a debt-free basis, will give North Bay control of multiple assets primarily located in Sonora, a key mining region in northern Mexico.
North Bay Resources Inc. (OTC:NBRI) announced a weighted average of 3.38 ounces per ton of gold from its maiden ore shipment from the Fran Gold Project in British Columbia. The update includes a re-assay of sample 25FRTB-5, which returned 6.62 ounces per ton gold using ALS Global's Au-GRA21 method, the company highlighted.
North Bay Resources Inc. (OTC:NBRI) CEO Jared Lazerson spoke with Proactive about the company's latest sample assays from the Fran Gold Project. Lazerson explained that the company recently conducted a 20-ton test shipment from a high-grade surface zone between trench B and trench C.
North Bay Resources Inc. (OTC:NBRI) announced assay results from the Fran Gold Project in British Columbia, reporting gold grades ranging from 0.4 to greater than 2.9 ounces per ton. The company said four samples of approximately five pounds each were collected from alternating supersacks in a 20-ton test shipment and analyzed by ALS Global in North Vancouver, BC, using the Au-AA25 fire assay method.
North Bay Resources Inc. (OTC:NBRI) earlier this week said it has begun generating gold from its Fran project in British Columbia, with early cash flow expected as shipments ramp up through the company's Bishop Gold Mill. The company told investors that initial trenching has returned high-grade surface assays, with mineralisation expanding across multiple directions and increasing with depth.
North Bay Resources Inc. (OTC:NBRI) said it has completed initial test mining at its Fran Gold Project in BC, extracting high-grade ore from a massive sulphide zone that returned assay results of up to 0.5 ounces per ton of gold. The company began development at a surface outcrop between trenches with previously reported high-grade gold mineralization, targeting a zone containing gold, copper and silver in mineralized forms such as chalcopyrite, marcasite and galena.
North Bay Resources Inc. (OTC:NBRI) has begun mobilizing for test mining at its Fran Gold Project in British Columbia after reporting a gold assay of 0.5 ounces per ton (14 grams per tonne) from a massive sulphide outcrop between Trenches B and C. The mineralized zone measures approximately 30 meters by 40 meters with a depth exceeding four meters, representing an estimated 15,000 tons of material, the company said in a statement.
North Bay Resources Inc. (OTC:NBRI) earlier this week announced the launch of a private placement aimed at scaling up production at its Fran Gold Project. The company said the offering is structured to provide investors with approximately fifty percent of their investment in physical gold, with the balance in common shares.
North Bay Resources Inc. (OTC:NBRI) is launching a private placement offering with a structure that includes both equity and a physical gold component. The offering consists of units priced at $0.001 per unit, each comprising 60% common shares in North Bay and 40% in physical gold from the company's own production.
North Bay Resources Inc. (OTC:NBRI) announced that it has achieved continuous operations at its Bishop Gold Mill in California. The company has completed processing of all remaining stockpiled gold ore following significant upgrades completed in April and May.
North Bay Resources Inc. (OTC:NBRI) has announced the final acceptance and settlement of the company's second and third gold concentrate test shipments from its Fran Gold Project in British Columbia, which were processed at its Bishop Gold Mill. In April 2025, gold concentrate shipments totaling 667 wet pounds were delivered to Just Refiners in Reno, Nevada, the company's refinery partner.
North Bay Resources Inc. (OTC:NBRI) CEO Jared Lazerson joined Proactive to discuss the company's internal gold resource estimate for the Fran Gold project, generated using historical drilling data. Lazerson explained that while the estimate is not NI 43-101 compliant, the modelling was done using professional-grade software and based on extensive drill data, including over 100 holes and 50,000 feet of drilling.