SOURCE: North Bay Resources Inc.

October 10, 2013 09:14 ET

North Bay Resources Inc. (NBRI): First Ounces of Specimen Gold Produced From Ruby Mine

SKIPPACK, PA--(Marketwired - Oct 10, 2013) - North Bay Resources Inc. (OTCQB: NBRI) ("North Bay" or the "Company") is very pleased to report that the Company has achieved another major milestone with the recovery of its first ounces of specimen gold at the Ruby Mine in Sierra County, California.

This marks the first production of gold at the Ruby Mine since the 1990's, and the first gold produced since North Bay acquired the Ruby in 2011.

The gold was recovered during a preliminary geological survey of a newly-accessible area of the Ruby Mine located toward the south end of the Black Channel workings. The economic significance of the Black Channel is documented as being that section of the mine that was just getting into full production when the Ruby was ordered to close in 1942, along with all other gold mines in the US, by order of the US government pursuant to War Production Board Order L-208. Up to that point, the Black Channel had already produced over 58,000 ounces of gold, including the world-renowned C.L. Best Collection of Ruby Nuggets currently on display at the Los Angeles County Museum of Natural History. 

As previously disclosed in a Company press release dated September 10, 2013, the Company has recently advanced past the 4900 level of the Ruby Tunnel and has crossed over the Melones Fault, the major controlling structure of the Motherlode, to gain access to the Black Channel. The Company has since been conducting additional rehab work to reinforce and retimber the Black Channel workings when the gold nuggets were recovered.

Pictures of the new nuggets recovered this week are now available at the Company website at http://www.northbayresources.com/ruby/1stnuggets.html. These nuggets speak volumes as to the unique intrinsic nature of the Ruby Mine, and are representative of the premium quality of specimen gold we expect to recover in abundance on a consistent basis as mining operations move forward into the production phase.

About The Ruby Gold Project

The Ruby Mine, a/k/a the Ruby Gold Project, is a fully-permitted underground placer and lode mine located near Downieville in Sierra County, California that is known to have produced over 350,000 ounces of gold since the 1850's, and which is considered to be part of the northern extension of the historic Mother Lode system. The Ruby Property covers approximately 1,755 acres, only a small portion of which has been explored to date. The property consists of the subsurface mineral rights of two patented claims totaling approximately 435 acres and 30 unpatented claims containing approximately 1,320 acres. The equipment, fixed assets, and infrastructure in place include a 1,000 yard per day placer wash plant, 50-ton per day quartz mill, 6,000 feet of tracked haulage, and related support equipment needed for underground mining operations. The property also features an excellent system of roads, is accessible via paved highway from Reno or Sacramento, has abundant water and timber available for mining purposes, and has PG&E power available on-site. For further information on the Ruby Mine, please visit the Ruby page on the North Bay website at http://www.northbayresources.com/ruby/.

About North Bay Resources Inc.

North Bay Resources Inc. (OTCQB: NBRI) is a fully-reporting junior mining company with current operations in the US and Canada.

In the US, the Company's 100% owned and royalty-free Ruby Mine is a fully-permitted underground placer and lode mine located in the northern extension of the historic Mother Lode system in Sierra County, California. The Ruby is known to have produced over 350,000 ounces of gold since the 1850's, including some of the most spectacular gold nuggets on record. The Ruby Property covers approximately 1,755 acres, only a small portion of which has been explored to date. The Company is presently completing the rehabilitation of the Ruby Tunnel and initiating test mining operations in the sections of the mine that are now accessible.

In British Columbia, the Company holds 100% ownership of a multitude of significant mining properties. These include two gold-platinum placers, the Fraser River Project and the Monte Cristo, and lode projects such as the advanced-stage Mount Washington Project on Vancouver Island, the Brett West/Bouleau Creek Gold project near Vernon BC, the Coronation Gold project in the historic Slocan Mining district, and the Tulameen Platinum Project near Princeton, BC. In addition to its many precious metal projects, the Company also owns additional prospective projects that host strategic mineral resources such as Vanadium, Crystalline Flake Graphite, Olivine, and Rare Earth Elements (REE).

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.

Additional information on the Company's many properties and ongoing projects is available at the Company website at http://www.northbayresources.com.

SAFE HARBOR FOR FORWARD LOOKING STATEMENTS

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.

Cautionary Note to U.S. Investors -The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on our website (or press releases), such as "measured," "indicated," and "inferred" "resources," which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form S-1 and Form 10-K which may be secured from us, or from our website at http://www.sec.gov/edgar.shtml

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