SOURCE: North Bay Resources Inc.

October 06, 2009 08:29 ET

North Bay Resources Inc. (NBRI) Claims the New Eskay Creek Property Consisting of 3,688 Acres Directly Adjacent to Barrick's Eskay Creek Mine

SKIPPACK, PA--(Marketwire - October 6, 2009) - North Bay Resources Inc. (PINKSHEETS: NBRI) ("North Bay" or the "Company") is pleased to announce that it has acquired the New Eskay Creek Property, consisting of 3,688 acres directly adjacent to and within one mile of the main portal of Barrick's famed Eskay Creek Mine.

The New Eskay Creek property is located in northwestern British Columbia, approximately 70 kilometers north of Stewart and 900 kilometers northwest of Vancouver. Given its proximity to Barrick's Eskay Creek Mine, the area has excellent infrastructure. Road access is provided by the Eskay Creek Mine Road, which extends from the Stewart-Cassiar Highway at Bob Quinn Lake and traverses through the western portion of the Company's claims before it reaches the Eskay Creek Mine.

Prior to its closure in 2008, Barrick's Eskay Creek Mine was Canada's highest-grade gold mine and the world's fifth largest silver producer, with production well in excess of 3 million ounces of gold and 160 million ounces of silver. The average grade of the resource was 48.4 grams (1.56 ounces) per tonne gold and 2221 grams (71.4 ounces) per tonne silver. The Eskay Creek deposit was also estimated to contain approximately 3.2 % lead, 5.2 % zinc, and 0.7 % copper.

According to British Columbia government records documented in BC MINFILE 104B 008, the major geological structure at Eskay Creek "is interpreted to be an asymmetric anticline which plunges gently to the northeast. The anticline is broken by a series of high-angle faults. Major faults strike north-northeast; minor ones north-northwest. Several northerly to northeasterly trending lineaments also traverse the property." Considering that the Company's claims abut the length of the entire northern boundary of the Barrick leasehold, the northerly and northeastern directional indications of the orebody strike length make it clear that the Company has successfully secured a position of considerable strategic importance relative to the Eskay Creek deposit.

About North Bay Resources Inc.

North Bay Resources Inc. (PINKSHEETS: NBRI) is a junior mining company with over 140 mineral and placer claims encompassing approximately 50,000 acres throughout British Columbia, Canada. The Company's mission is to build a portfolio of viable mining prospects throughout the world and developing them through subsidiaries and JV partners to their full economic potential. North Bay's business plan is based on the Generative Business Model, which is designed to leverage its properties into near-term revenue streams even during the earliest stages of exploration and development. This provides shareholders with multiple opportunities to profit from discoveries while preserving capital and minimizing the risk involved in exploration and development.


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 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 North Bay Resources Inc. or any other person that the objective and plans of North Bay Resources Inc. will be achieved.

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