North Bay Resources Announces Major Joint Venture
North Bay Resources Inc. (PINKSHEETS: NBRI) (“North Bay” or the “Company”) is pleased to announce that it has finalized and signed a contract with Lincoln Resources Inc. (“Lincoln”), a private Nevada corporation, to enter into a joint-venture for the development of North Bay’s Coronation Gold Property.
Terms of the agreement call for Lincoln to commit up to $1.5 million CDN over three years for exploration expenses, developmental drilling, and surface ore recovery, with a minimum expenditure of $250,000 during the first year. Upon completion of the work program and fulfillment of all the terms of the agreement, North Bay and Lincoln will each own 50% of the Coronation Gold Property, and will equally share any and all net revenue, including any near-term profits generated from surface ore recovery operations. It is expected that a portion of any profits will be re-invested in ongoing development work on the Coronation’s underground resources. In addition, North Bay has received an initial cash payment of $12,500 CDN from Lincoln, less a $2,500 CDN finders fee paid to an independent third party.
Coronation Gold is located near Memphis Creek, 6 kilometres northeast of Slocan in southeastern British Columbia. The property covers 309 acres over several reverted crown grants and includes four other past-producing mines; the Colorado, the V&M, the Senator, and the Homestake mines, in addition to the Coronation. Primary mineralization is gold, silver, zinc, and lead. The highest combined historical (post-production) assays are 16.8 grams (0.54 ounces) per tonne gold, 6000 grams (192 ounces) per tonne silver, 10.9% zinc, and 1.2% lead. Past-production at the Coronation has been documented to be as much as 13,000 grams (418 ounces) per tonne silver and 20% lead, while past-production at the Homestake mine averaged 23.3 grams (0.75 ounces) per tonne gold, 2611 grams (83.95 ounces) per tonne silver, 1.33% lead and 1.52% zinc.
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.
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.
Zaldiva, Inc to tap into Social Media
Some time ago I posted a press release for one of our client companies, Zaldiva, Inc (ZLDV). Zaldiva specializes in specializing in comic books, toys and collectible items. Well, let me clarify something here – Zaldiva is more than a seller of all these items. It is a unique and highly profitable distribution system that sets this company apart.
Zaldiva, in analysts’ opinion, is a true “ground floor” opportunity. But don’t take my word for it. Consider these facts:
- Zaldiva operates in the industry that is experiencing tremendous growth, from $75 million in sales in 2001 to $375 million in 2007.
- The company has brick-and-mortar locations in South Florida and is gearing up to to Central Florida first, then regional Southeast USA and enter major cities.
- Zaldiva expects to go national and franchise its distribution system in the near future.
- In addition to brick-and-mortar outlets, Zaldiva is a licensed e-auction house.
- Currently Zaldiva enjoys 55-100%+ profit margins on comic books and graphic novels alone. These figures will go up as Zaldiva acquires more retail properties and gets larger discounts from the major publishers, such as DC and Marvel Comics.
- And to top it all off, Zaldiva has over $2million in hidden assets (real estate equity/fully owned property), no debt and consistent revenue growth.
If you are looking for a “ground floor” opportunity, for a second Amedisys (AMED), get in on Zaldiva (ZLDV), hold on to your position and watch their business plan unfold.
P.S. Zaldiva is moving aggressively to build its customer base on various social networks, including Twitter (@Zaldiva), Facebook, MySpace and YouTube. Follow them and see for yourself.
Download information about Zaldiva and Zaldiva Opportunity.
North Bay Resources Inc. (NBRI) Acquires Lancers Mountain Gold-Silver Property
SKIPPACK, PA., August 11, 2009 – North Bay Resources Inc. (OTC: NBRI) (“North Bay” or the “Company”) is pleased to announce that it has acquired a 100% interest in the Lancers Mountain Gold property in southwestern British Columbia, Canada.
The Lancers Mountain Gold Property is located approximately 160 miles northwest of Vancouver, and is characterized by gold, silver, lead, zinc, copper, and molybdenum mineralization over 998 acres. As documented in MINFILE 092N 051, there are at least four major gossanous zones with an average size measuring 50 by 50 metres. On the northeast flank of Lancers Mountain a select grab sample from a trench cut in a silicified felsic dyke assayed 35,513 grams (1,141 ounces) per tonne silver, 56.6 grams (1.81 ounces) per tonne gold, 1.2% zinc and 0.39% lead.
The property also includes the Hannah prospect (MINFILE 092N 028). The Hannah is a showing of gold, silver, copper and molybdenum mineralization in altered intrusive rocks located 8 kilometres southeast of Lancers Mountain. Assay results from 64 channel and chip samples revealed that gold and molybdenum were more significant than copper and silver. The average assay for gold was 1 gram per tonne (maximum 11.3), and for molybdenum was 0.087% (maximum 1.25%).
Another important area is the Discovery zone where a shear zone in the quartz monzonite stock is intruded by felsic to intermediate porphyritic dykes. The zone has been explored by diamond drilling and trenching; with one 1 metre section in a trench assaying 18 grams per tonne gold, 44 grams per tonne silver and 3.26% copper.
Elsewhere on the property in the Conductor “F” zone, the sheared contact between a feldspar porphyry dyke and silicified monzonite is marked by strong sulphide mineralization. A select grab sample from here assayed 126 grams (4.05 ounces) per tonne gold and over 1% copper, and a 2-metre channel sample averaged 85 grams (2.73 ounces) per tonne gold, 51 grams per tonne silver, and over 1% copper (Assessment Report 18202).
Despite some very high though sporadic geochemical results, most exploration efforts thus far in the area have not yet defined significant widths of economic mineralization, although the potential at depth is not discounted. It should be noted that the property is characterized by rugged terrain and harsh weather conditions that have severely limited exploration to date. The Company believes that despite its lack of infrastructure, the remarkably high assays such as 4.05 ounces per tonne gold in the Conductor zone and 1,141 ounces per tonne silver on Lancers Mountain make the property an attractive exploration target and a suitable joint-venture prospect of merit.
About North Bay Resources Inc.
North Bay Resources Inc. (OTC: 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.
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.
