North Bay Resources CEO Jared Lazerson joined Steve Darling from Proactive to announce that the Operating Plan for the company’s Mt. Vernon Gold Mine is now complete and ready for submission to Federal Mine Regulators for approval.
This crucial step will pave the way for the commencement of production at the site. The mine's access tunnel crosses a known 200-foot-wide gold-bearing zone, which spans up to 500 feet in width and stretches over 2,000 feet in length across the property. The gold-bearing channel varies in thickness from 4 to 20 feet.
Lazerson shared that modern mine infrastructure, including equipment and consumables, is already on-site. The first phase of mining will focus on blasting, loading, sorting, and shipping 500 tons of material from the heart of the deposit, which has demonstrated consistent gold grades ranging from over 1 ounce to as high as 4.8 ounces per ton over 150 feet.
This material will be used for optimizing the mining process, as well as milling and metallurgical testing, with the goal of producing gold bars and platinum buttons for sale.
Previous testing on the concentration and extraction of gold, platinum, and silver using gravity separation has shown that the ore responds well to simple crushing and gravity table recovery methods, making it efficient for production.
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