With gold prices moving towards the $1,000 mark, experts foresee $1,300 and higher by year end. Some talk about $2,000 by end of 2010.

So when I saw a press release from a junior mining company North Bay Resources, Inc (NBRI) announcing expansion of their gold property I had to share this with you. NBRI’s new claims more than double the aggregate size of the property and more than quadruple the measured extent of known gold and silver mineralization within the combined claim areas. You can find the entire press release by following this link – http://www.bit.ly/H0VtF

NBRI is debt-free, maintains a very lean capital structure and has recently announced a few key joint ventures and record earnings for Q4 and FY 2008. 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.

For additional information about North Bay Resources Inc. please visit http://www.northbayresources.com.

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