North Bay Resources, Inc.’s (NBRI.PK) Willa and Pinnacle Gold Properties
Source: http://Blog.QualityStocks.net/?p=12845Posted on Thursday, October 9th, 2008 | In Small & Micro Cap
North Bay Resources engages in the acquisition and development of mining properties for the extraction of a variety of precious metals. Two of North Bay’s properties, located in British Columbia, Canada, have proven to hold excellent potential. Each of the plots contain significant amounts of gold, silver, and copper.
North Bay holds a ten-percent stake in the Willa property, near Silverton, BC. At the time of the last mineral resource level estimate of the area, a single ton of mined Willa ore was found to contain over seven grams of gold, twelve grams of silver, and was comprised of approximately one percent copper.
The Pinnacle Gold property lies about a hundred miles northwest of Vancouver, BC. Even more plentiful than the Willa, Pinnacle Gold ore is rich with recoverable resources. According to grab samples taken from different areas of the thousand-acre claim, a ton of ore here yields more than twenty grams of gold, and nearly 550 grams of silver. The samples were also found to contain ten percent lead, and two percent copper.
Given the trouble that paper currencies are likely to face in the coming years, now is an excellent time to look into resource companies. CEO Perry Leopold explains, “It is our belief that we are in the right sector at the right time, as we are in the midst of a long-term up-cycle for commodities in general and precious metals in particular. Gold is money, and in times of uncertainty such as the world is now experiencing, capital tends to flow into hard assets, of which gold is a principal holding.”
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Bay Resources Inc., British Columbia, Canada, Message Board, North Bay Resources Inc., Perry Leopold, Silverton, Small & Micro Cap, VANCOUVER
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